Synthetic Spider Silk Market, by Product Type (Genetically Modified Yeast Fermentation, Genetically Modified Silkworm, and Genetically Modified E.coli Fermentation), Application (Automotive, Textile, Healthcare, Defense, and Others), and Region (North America, Europe, Asia-Pacific, Middle East and Africa, South America) — Market Size and Forecasting (2021–2030)

The Synthetic Spider Silk Market is expected to grow from USD XX billion in 2020 and it is expected to reach USD XX billion by 2030, at a CAGR of XX% during the forecast period.

Spider silk is made up of protein fibers secreted by spiders. Silk emerges from the spider's abdomen and dries up to form a thread. Spider silk has an impressive combination of high strength and extensibility. It also has exceptional flexibility and a lot of versatility. It can contract when exposed to humid conditions.

Indigenous people of Solomon Islands, the Greeks, the Romans, and the French have used spider silk to make fishnets, fishing lines, bags, and headgears in different periods. Spider silk has many applications but it is difficult to manufacture in a large quantity. Collecting spiders in the wild or milking silk from a spider farm is not sufficient since each spider produces silk in small quantities. To overcome this challenge, scientists have developed synthetic spider silk, which can be produced in large quantities.

Despite the difficulty of processing large amounts of silk, the possible use of spider silk remains intriguing to researchers around the world. For instance, In August 2018, researchers in the School of Engineering & Applied Science at Washington University in St. Louis engineered bacteria that produce biosynthetic spider silk. This newly developed silk has an excellent quality similar to its natural counterpart.

Using genetically modified Escherichia coli bacteria, silkworms, plants, and yeasts, scientists are finding ways to artificially synthesize spider silk. Although some of these methods are not scalable for commercial production, companies are developing new innovative techniques by investing in R&D. For instance, Bolt Thread uses methods like yeast fermentation for the commercial production of synthetic silk fibers.

The synthetic spider silk is waterproof and a strong natural fiber, which has been used in medicine for centuries. It has applications in medical science and it can be used to replace or restore ligaments and tendons and to transport drugs. An increase in demand for synthetic spider silk in medical science is expected to drive the market growth. Synthetic spider silk is also used in sports equipment, tire belts, and airbags, etc., which have high demand. These things are mostly used in military and automotive, which is expected to boost the market growth.

Synthetic Spider Silk Market

Synthetic Spider Silk Market, by Product Type

Based on product, the market is divided into genetically modified yeast fermentation, genetically modified silkworm, and genetically modified E.coli fermentation.

The genetically modified yeast fermentation segment dominated the market in 2020 and is expected to continue its dominance over the forecast period. The segment growth can be attributed to the extensive usage of synthetic spider silk in the textile and pharma-medical industry across the globe.

Synthetic Spider Silk Market, by Application

Based on applications, the market is segmented into automotive, textile, healthcare, defense, and others.

The textile segment dominated the market in 2020 and it will continue to grow over the forecast period. Increasing demand for quality sports apparel has led to the use of synthetic spider silk in the textile industry, which is expected to augment the market growth.

Synthetic Spider Silk Market, by Region

Based on region, the market is segmented into North America, Europe, the Asia-Pacific, the Middle East and Africa, and South America.

Asia-Pacific is expected to dominate the market over the forecast period. The automotive industry has an increasing demand for airbags, which are made from synthetic spider silk. The automotive industry’s growth due to road infrastructure development has created opportunities for the regional market. China holds a major portion of the market in the Asia-Pacific region. The technological development and rising demand for synthetic spider silk in end-use industries are key factors that are driving the regional market growth.

North America holds a significant market share. The U.S. is leading the regional market. Synthetic spider silk is widely used in the production of bulletproof vests in the U.S. High demand for bulletproof vests in the defense sector contributes to market growth. The U.S. has a well-established automotive industry which has resulted in increased demand for synthetic spider silk.

Europe is anticipated to grow at a high CAGR over the forecast period. The increasing demand for synthetic spider silk in medical treatments in the region is expected to fuel the market growth.

Synthetic Spider Silk Market

Some Major Developments in the Synthetic Spider Silk Market

  • In April 2019, Lewis lab used transgenic silkworms to produce a composite material made up of the domesticated insect’s silk proteins
  • In April 2019, Bolt Threads made fashionable fibers from synthetic spider silk, which is called Microsilk.

What Does this Report Provide?

The report offers unique qualitative and quantitative perspective on the market demand. The report also offers a thorough analysis of the prominent companies functioning in the synthetic spider silk market. Dynamic indicators are studied in the report along with assessment of potential impact on the market over the projected period.

This report also includes the market share of the key producers, their production capacities, and the growth tactics adopted by them. The major market drivers, growth restraining factors, and future growth possibilities for the market have been covered in the report.

Major Companies: The key players operating in the market include `Spiber Inc., Kraig Biocraft Laboratories, Bolt Threads, and AMSilk.

Market Segmentation

By Product Type:

  • Genetically Modified Yeast Fermentation
  • Genetically Modified Silkworm
  • Genetically Modified E.coli Fermentation

By Application:

  • Automotive
  • Textile
  • Healthcare
  • Defense
  • Others

By Region:

North America Synthetic Spider Silk Market

  • North America, by Country
    • U.S
    • Canada
    • Mexico
  • North America, by Product Type
  • North America, by Application

Europe Synthetic Spider Silk Market

  • Europe, by Country
    • Germany
    • Russia
    • The U.K.
    • France
    • Italy
    • Spain
    • Netherlands
  • Rest of Europe
  • Europe, by Product Type
  • Europe, by Application

Asia-Pacific Synthetic Spider Silk Market

  • Asia-Pacific, by Country
    • China
    • India
    • Japan
    • South Korea
    • Australia
    • Indonesia
    • Rest of Asia-Pacific
  • Asia-Pacific, by Product Type
  • Asia-Pacific, by Application

Middle East and Africa Synthetic Spider Silk Market

  • Middle East and Africa, by Country
    • UAE
    • Saudi Arabia
    • Qatar
    • South Africa
    • Rest of Middle East and Africa
  • Middle East and Africa, by Product Type
  • Middle East and Africa, by Application

South America Synthetic Spider Silk Market

  • South America, by Country
    • Brazil
    • Argentina
    • Colombia
    • Rest of South America
  • South America, by Product Type
  • South America, by Application

Objectives of This Report:

  • To estimate the regional and global synthetic spider silk market
  • To classify main segments of the synthetic spider silk market and evaluate their market shares and demand
  • To offer a view of recent strategic developments and investments of key players and to study the competitive landscape of the synthetic spider silk market in the historic years
  • To evaluate growth factors governing the dynamics of synthetic spider silk market with their potential gravity over the forecast period
  • To assess the important company-wise pricing analysis for the mentioned applications

Customization:

This study is customized to meet your specific requirements:

  • By sub-segment
  • By client-specific country, type, and application market analysis
  • Pricing analysis along with the potential list of customers
  • Product-specific competitive analysis

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