Asia-Pacific Projected to Be the Largest Market for Silk in Cosmetics & Medicine Application

The report "Silk Market by Type (Mulberry Silk, Tussar Silk, and Eri Silk), Application (Textile, and Cosmetics & Medical), and Region (Asia-Pacific, North America, Europe, Middle East & Africa, and South America)

Browse 88 market data tables and 29 figures spread through 110 pages and in-depth TOC on "Silk Market

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Textile application is driving the demand in silk market

Textile is the fastest-growing application of silk. Silk is an important contributor to the textile industry which is continuously growing and evolving in terms of demand and supply. Silk is used in textiles for its lustrous appearance, luxurious feel, lightweight, resilient, and strength. It is used in many types of apparel such as wedding dresses, gowns, blouses, scarves, neckties as well as in many household products such as pillows, wall hangings, draperies, upholstery.

Market Dynamics

Drivers

• Technological advancement in sericulture
• Low capital intensive industry

Restraints

• Higher dependency on china for raw material

Opportunities

• High demand from Indian textile industry
• Emerging spider silk

Key Market Players -
The silk market has several global players competing for market shares. Major manufacturers such as Anhui Silk Co. Ltd. (China), Kraig Biocraft Laboratories, Inc. (U.S.), Wujiang First Textile Co., Ltd. (China), Wujiang Wanshiyi Silk Co., Ltd. (China), and Zhejiang Jiaxin Silk Corp., Ltd. (China) have been profiled in the report.

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Further, Silk's absorbency makes it quite comfortable to wear, especially, in warm weather. Its low conductivity keeps warm air close to the skin during cold weather. This increases the uses of silk for clothing such as shirts, ties, formal dresses, high fashion clothes, lingerie, pajamas, robes, dress suits, sun dresses, and kimonos. In India, silk is also used for making sarees, which is traditional outfit in the country.