Synthetic Spider Silk Market Size

Synthetic Spider Silk Market size was over USD 1.19 billion in 2023 and is expected to reach USD 2.94 billion by the end of 2036, witnessing around 7.2% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of synthetic spider silk is assessed at USD 1.26 billion.

The synthetic spider silk market is estimated to thrive on the back of rising demand for synthetic spider silk in defense applications and their widespread use in healthcare applications owing to its superior mechanical properties such as high tensile strength and elasticity. The easy availability of raw materials to manufacture synthetic spider silk is also expected to drive the market during the forecast period. Moreover, technological advancements in developing innovative and efficient procedures for production of spider silk fibers is predicted to offer ample growth opportunities to the market in the future.