Global Silk Market Overview 2019-Integration Of Latest Technologies Into Existent Offerings To Industry Growth And Business Strategy
Data
Bridge Market Research has recently added a concise research on Global Silk Market to depict valuable
insights related to significant market trends driving the industry. The report
features analysis based on key opportunities and challenges confronted by
market leaders while highlighting their competitive setting and corporate
strategies for the estimated timeline. Some are the key & emerging players
that are part of coverage and have being profiled are China Zhongsi Group Co., Ltd.;
Bolt Threads Inc.; Spiber Technologies; AMSilk GmbH and Kraig Biocraft
Laboratories.
Definition:
Silk can be defined as protein fiber, which is utilized in
the production of various textiles, composite materials, etc. Major silk
production is done through natural processes but innovations and advancements
in the market have resulted in this process changing to synthetic productions
in labs. Its characteristics are having a natural sheen, which provides them
with a sheen-like structure giving it different colors at different angles of
view.
Analysis of Global Silk Market
report:
Global Silk Market is expected to rise from its initial estimated value of USD
13.54 billion in 2018 to a projected value of USD 24.27 billion by 2026,
registering a CAGR of 7.57% in the forecast period of 2019-2026. This
rise in market value can be attributed to growth of demand from various
developing regions of the world.
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Market Drivers:
·
Low funds requirement for setting-up the manufacturing process
of this particular product; this factor is expected to drive the market growth
·
Increasing innovations and advancements in the production
techniques resulting in growth of the market
Market Restraint:
·
High level of dependency on China region for the raw
materials required in the production of end-product; this factor is expected to
act as a restraint to the market growth
Top Manufacturers Profiles Operating
in the Global Silk Market:
Few
of the major competitors currently present in the silk market are Anhui Silk; Zhejiang Jiaxin Silk Co., Ltd.;
Sichuan Nanchong Liuhe (Group) Co., Ltd.; ShengKun Silk Manufacturing Co.,Ltd
Global Silk Market Segmentation:
By Production Process
·
Cocoon Production
·
Reeling
·
Throwing
·
Weaving
·
Dyeing
By Type
·
Mulberry Silk
·
Tussar Silk
·
Eri Silk
·
Spider Silk
By Application
·
Textile
·
Cosmetics & Medicine
By Geography
·
North America
·
South America
·
Europe
·
Asia Pacific
·
Middle-east and africa
Competitive Analysis:
Global silk
market is highly fragmented and the major players have used various
strategies such as new product launches, expansions, agreements, joint
ventures, partnerships, acquisitions, and others to increase their footprints
in this market. The report includes market shares of silk market for global,
Europe, North America, Asia-Pacific, South America and Middle East &
Africa.
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growth rates during the forecast period
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that are employed by the major market players
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