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Synthetic Spider Silk Market Trends

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Growth Drivers

Rising Demand for Synthetic Spider Silk in the Defense and Healthcare Sectors
Technological Advancements to Develop Effective Manufacturing Techniques for Spider Silk

Challenges

Base Year	2023
Forecast Year	2024-2036
CAGR	7.2%
Base Year Market Size (2023)	USD 1.19 billion
Forecast Year Market Size (2036)	USD 2.94 billion
Regional Scope	North America (U.S., and Canada) Asia Pacific (Japan, China, India, Indonesia, South Korea, Malaysia, Australia, Rest of Asia Pacific) Europe (UK, Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe) Latin America (Mexico, Argentina, Brazil, Rest of Latin America) Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)

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Author Credits: Rajrani Baghel

Frequently Asked Questions (FAQ)

Major growth drivers for the market is growing demand for synthetic spider silk in defense and healthcare sectors.

The market is anticipated to attain a robust CAGR over the forecast period, i.e., 2021 â€“ 2029.

Difficulties related to spider farming are estimated to hamper the market growth.

North America will provide more business growth opportunities on the back of rising investments in military products in the region.

The major players in the market are KISCO LTD., AMSilk GmbH, Kraig Biocraft Laboratories, Inc., Bolt Threads, and others.

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