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) - Global Forecast to 2021", The global silk market is projected to reach USD 16.94 Billion at a CAGR of 7.8%.
Based on type, the mulberry silk segment is projected to lead the silk market during the forecast period
Based on type, the mulberry silk segment is projected to lead the silk market. Owing to its high strength, durability, and flexibility, mulberry silk is used in the production of textile such as apparel, wedding dresses, gowns, blouses, scarves, neckties as well as in interiors such as pillows, wall hangings, draperies, and upholstery. The growing textile industry in the Asia-Pacific region is driving the demand for mulberry silk in the Asia-Pacific region.
Textile is the largest application segment of the silk market
Textile is the largest application segment of the silk market, owing to an increase in demand for silk products from textile industries in Asia-Pacific and Europe. Silk is used in the textile industry as it is lustrous, luxurious, lightweight, resilient, stain-resistant, and strong. Silk Market worth 16.94 Billion USD
What is spider silk, the emerging type in silk market?
Where will all the developments take the industry in the mid to long term?
Major Market Developments:
In March 2017, Bolt Threads Inc. started its first product made of spider silk. It introduced tie made of spider silk.
In September 2016 AMSilk GmbH entered into distribution agreements with Korean-based company Hanjoo C&C for the distribution of its product in the Asian market. It distributes AMSilk products, Silkbeads (microparticles), and Silkgel (hydrogel) in Korea.
In June 2016, AMSilk GmbH entered into an agreement with Zurich based company, RAHN AG, to distribute two ingredients made from AMSilk, Silkgel, and Silkbeads.
The global silk market is projected to reach USD 16.94 Billion by 2021, at a CAGR of 7.8% from 2016 to 2021. The Asia-Pacific region is leading the silk market, in terms of value, and the trend is projected to continue till 2021. Countries in this region such as China, India, Thailand, Uzbekistan, and Japan are witnessing growth in the use as well as production of silk.
The Asia-Pacific is the largest as well as the fastest growing market for silk. China leads the Asia-Pacific silk market, accounting for approximately 80% of the demand for silk in the region, owing to easy availability of raw silk. China is also the largest producer of raw silk and silk yarns globally, followed by India, Thailand, and Uzbekistan. China is the largest exporter of silk globally. The country is the world’s top textile exporter, accounting for approximately 40% of the world’s textile and clothing exports. The textile and clothing industry is the largest manufacturing industry in China with more than 20,000 enterprises. The growing demand for textile goods such as fabric and clothing in the Asia-Pacific region is expected to drive the silk market during the forecast period. The Asia-Pacific silk market is expected to grow further due to growing economy, rapid advancements in sericulture technology, and increasing application of silk in the textile industry. Textile is the largest application segment of the silk market
Textile is the largest application segment of the silk market, owing to an increase in demand for silk products from textile industries in Asia-Pacific and Europe. Silk is used in the textile industry as it is lustrous, luxurious, lightweight, resilient, stain-resistant, and strong.
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1 Introduction (Page No. - 11) 1.1 Objectives of the Study 1.2 Market Definition 1.3 Market Scope 1.4 Years Considered for the Study 1.5 Currency Considered 1.6 Limitations 1.7 Stakeholders
2 Research Methodology (Page No. - 14) 2.1 Research Data 2.1.1 Secondary Data 2.1.1.1 Key Data From Secondary Sources 2.1.2 Primary Data 2.1.2.1 Key Data From Primary Sources 2.1.2.2 Key Industry Insights 2.1.2.3 Breakdown of Primary Interviews 2.2 Market Size Estimation 2.3 Data Triangulation 2.4 Research Assumptions Based on type, the mulberry silk segment is leading the silk market. Mulberry silk is gaining importance due to its unique properties such as high strength, elasticity, resilience, and absorbency. Mulberry silk is used with other fibers such as cotton to obtain better properties of the original silk. Furthermore, technological advancements in the sericulture industry is driving the silk market. The quality of silk is improving following innovations in sericulture to develop different breeds of silkworms. However, China is a major source of raw silk globally. Thus, high dependency on China for raw material can restrain the growth of the silk market.
Contact: Mr. Shelly Singh MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA : +1-888-600-6441 Email: newsletter@marketsandmarkets.com
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) - Global Forecast to 2021", The global silk market is projected to reach USD 16.94 Billion by 2021, at a CAGR of 7.8% from 2016 to 2021.
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.
Based on type, the mulberry silk segment is projected to lead the silk market during the forecast period
Based on type, the mulberry silk segment is projected to lead the silk market. Owing to its high strength, durability, and flexibility, mulberry silk is used in the production of textile such as apparel, wedding dresses, gowns, blouses, scarves, neckties as well as in interiors such as pillows, wall hangings, draperies, and upholstery. The growing textile industry in the Asia-Pacific region is driving the demand for mulberry silk in the Asia-Pacific region.
Textile is the largest application segment of the silk market
Textile is the largest application segment of the silk market, owing to an increase in demand for silk products from textile industries in Asia-Pacific and Europe. Silk is used in the textile industry as it is lustrous, luxurious, lightweight, resilient, stain-resistant, and strong.
Asia-Pacific is the largest market for silk
The Asia-Pacific region is the largest market for silk. This can be attributed to the presence of a large number of textile manufacturers, rise in export of textile goods, and growing demand from the domestic market. China dominates the silk market in the Asia-Pacific region followed by India due to easy availability of raw silk in the two countries. China is the largest producer of silk yarn and textile products.
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Contact: Mr. Shelly Singh MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA : +1-888-600-6441 Email: newsletter@marketsandmarkets.com
