Spider Silk Market Size is valued at 2.42 billion in 2024 and is predicted to reach 5.83 billion by the year 2034 at an 9.3% CAGR during the forecast period for 2025-2034
Key Industry Insights & Findings from the Report:
Spider silk is formed of joined and unjoined strands of liquid protein, and its chemical makeup varies depending on the spider's intended function. Numerous research and development projects are being conducted on the material to alter its tensile strength and flexibility to realize its full potential. The demand for high-resilience synthetic fibers has sharply increased in several industries, including aerospace, defense, and others. For instance, scientists at Purdue University's Air Force Research Laboratory in Indiana are testing the development of a functional fiber that can be woven into big, flexible fabrics using the methods already used in the textile industry.
Rising demand for these textile goods from the defense, automotive, and healthcare sectors is predicted to fuel spider silk market revenue development. People now choose biodegradable materials over synthetic polymers due to growing awareness of the adverse consequences of plastic waste.
Spider silk can assist in reducing the number of toxins and pollutants used in the methods required to produce current petroleum-based fibers and polymers because it is biodegradable and biocompatible. This is anticipated to boost the spider silk market expansion, as a result, support market revenue growth throughout the projected year.
However, due to high manufacturing costs, the global market for spider silk has had poor revenue development. Additionally, due to their cannibalistic and territorial natures, it isn't easy to farm spiders for the commercial manufacture of fabric. The limited amount of silk that spiders can produce is another barrier to its commercial manufacturing.
The spider silk market is segmented on technology and application. Based on technology, the market is segmented into genetically modified e-coil fermentation, genetically modified silkworm, genetically modified yeast fermentation and others. Based on application, the market is segmented into automotive, defense, healthcare, textile and others.
The genetically modified e-coli category grabbed the highest revenue share, and it is anticipated that it will continue to hold that position during the anticipated time. Numerous creatures have had their genetic makeup altered due to the rising need for highly robust synthetic fiber and the quick development of bio-engineering. Large-scale production of the spidroin proteins, which are present in dragline silk made by spiders, is being done by businesses using genetically modified bacteria and protein purification technology. Spidiroin is produced by selecting a portion of the gene sequence used to express it. A bioreactor is used to grow E. coli bacteria that have had the gene sequence cloned into them. Spider silk is used in cardiology, coronary tissue regeneration, bone restoration, skin cell proliferation, and vaccinations. During the forecast period, rising demand for the genetically modified E. coli fermentation method is anticipated to fuel segment revenue growth.
The automotive category is anticipated to grow significantly over the forecast period. Spider silk strands and proteins can create incredibly robust and lightweight automotive components, which will aid the transportation sector in increasing vehicle weight-to-fuel efficiency. Vehicles with lower weights require less fuel to operate, which greatly reduces air pollution. This is anticipated to enhance the need for spider silk in the automotive sector, resulting in increased revenue for this market.
The Asia Pacific spider silk market is expected to register the highest market share in revenue in the near future. The demand for alternate sources of highly resilient biodegradable fabrics is anticipated to rise as textile goods in the automotive, defense, and healthcare sectors grow in popularity in the region's nations. During the forecast period, this is likely to contribute to an increase in market revenue.
In addition, North America is projected to grow rapidly in the global spider silk market because there are many significant businesses in the region, and more people are investing in academic research. Publicly sponsored research has increased due to expanding government and large university collaborations. Another important element anticipated to boost market revenue growth is the region's governments' rising defense spending to supply militaries with cutting-edge facilities.
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Report Attribute |
Specifications |
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Market size value in 2023 |
USD 2.50 Bn |
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Revenue forecast in 2031 |
USD 9.49 Bn |
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Growth rate CAGR |
CAGR of 18.29% from 2024 to 2031 |
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Quantitative units |
Representation of revenue in US$ Million, and CAGR from 2024 to 2031 |
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Historic Year |
2019 to 2023 |
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Forecast Year |
2024-2031 |
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Report coverage |
The forecast of revenue, the position of the company, the competitive market statistics, growth prospects, and trends |
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Segments covered |
Technology And Application |
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Regional scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
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Country scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; The UK; France; Italy; Spain; China; Japan; India; South Korea; Southeast Asia; South Korea; Southeast Asia |
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Competitive Landscape |
Krag Biocraft Laboratories, Inc., Amsilk GmbH, Bolt Threads, Inc, Spiber, Inc, Seevix Material Sciences Ltd., Inspidere BV, Technology Holdings LLC, Spintex Engineering Ltd., Spiber Technologies AB, Spidey Tek, Inc and Xampla Ltd. |
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Customization scope |
Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape. |
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Pricing and available payment methods |
Explore pricing alternatives that are customized to your particular study requirements. |
Spider Silk Market By Technology
Spider Silk Market By Application
Spider Silk Market By Region-
North America-
Europe-
Asia-Pacific-
Latin America-
Middle East & Africa-
InsightAce Analytic follows a standard and comprehensive market research methodology focused on offering the most accurate and precise market insights. The methods followed for all our market research studies include three significant steps – primary research, secondary research, and data modeling and analysis - to derive the current market size and forecast it over the forecast period. In this study, these three steps were used iteratively to generate valid data points (minimum deviation), which were cross-validated through multiple approaches mentioned below in the data modeling section.
Through secondary research methods, information on the market under study, its peer, and the parent market was collected. This information was then entered into data models. The resulted data points and insights were then validated by primary participants.
Based on additional insights from these primary participants, more directional efforts were put into doing secondary research and optimize data models. This process was repeated till all data models used in the study produced similar results (with minimum deviation). This way, this iterative process was able to generate the most accurate market numbers and qualitative insights.
Secondary research
The secondary research sources that are typically mentioned to include, but are not limited to:
The paid sources for secondary research like Factiva, OneSource, Hoovers, and Statista
Primary Research:
Primary research involves telephonic interviews, e-mail interactions, as well as face-to-face interviews for each market, category, segment, and subsegment across geographies
The contributors who typically take part in such a course include, but are not limited to:
Data Modeling and Analysis:
In the iterative process (mentioned above), data models received inputs from primary as well as secondary sources. But analysts working on these models were the key. They used their extensive knowledge and experience about industry and topic to make changes and fine-tuning these models as per the product/service under study.
The standard data models used while studying this market were the top-down and bottom-up approaches and the company shares analysis model. However, other methods were also used along with these – which were specific to the industry and product/service under study.
To know more about the research methodology used for this study, kindly contact us/click here.
