Synthetic Spider Silk Market Estimated to Witness High Growth

Market Overview:
Synthetic spider silk is a novel biomaterial that mimics the exceptional properties of natural spider silk produced in spiders' silk glands. It has high tensile strength and elasticity comparable to strongest known natural fibers such as Kevlar. Synthetic spider silk finds widespread applications as lightweight protective materials in bulletproof vests, medical implants and sutures owing to its biocompatibility. It is also gaining traction in textile industries to produce clothes, fibers and parachutes that are strong and resilient yet comfortable.

Market Dynamics:
The growing demand for lightweight protective materials from defense industries around the world is a key driver boosting growth of synthetic spider silk market. Synthetic spider silk fabrics offer ballistic protection equivalent to or stronger than armor steel while being lighter and more flexible. Additionally, synthetic spider silk fibers are witnessing increasing adoption in apparel and sportswear industries due to properties like durability, moisture wicking and breathability. Rising investments by specialized manufacturers in development of cost-effective production technologies to scale up the supply are also propelling the market growth. However, high costs associated with the research and production of synthetic spider silk continue to restrain the market to some extent.

Key Takeaways

The global Synthetic Spider Silk Market Size is expected to witness high growth, exhibiting CAGR of 6.1% over the forecast period, due to increasing demand for high performance fibers in various industries.

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