Market Overview:
Synthetic spider silk refers to manufactured spider silk fibers produced through genetic engineering techniques. Natural spider silk is one of the strongest fibers known, being tougher than steel and more elastic than nylon or Kevlar. Synthetic spider silk is being produced to mimic the exceptional properties of natural spider silk such as high tensile strength, elasticity, thermal stability, and biocompatibility. This has increased its demand across various industries such as textile, automotive and medical.

Market key trends:
The increasing demand for lightweight and high-performance materials from industries such as automotive, aerospace and military is boosting the growth of synthetic spider silk market. Spider silk fibers have high strength-to-weight ratio and are five times stronger than steel on an equal-weight basis. Owing to properties similar to natural spider silk, synthetic spider silk finds various applications including bulletproof vests, parachutes, medical implants and tires. Researchers are also exploring applications of synthetic spider silk in regenerative medicines due to its biocompatible properties. Several companies are engaged in research and development of mass production techniques to develop affordable spider silk for commercial use.

Key Takeaways
The global Synthetic Spider Silk Market Size is expected to reach US$ 1212.68 Mn by 2030, expanding at a CAGR of 6.1% over the forecast period. Increasing demand from textile, automotive and defense industries is expected to drive the market.
Regional analysis - North America dominates the global market currently owing to presence of major players and high defense spending. Asia Pacific exhibits highest growth potential with growing textile industry in China and India.

Read More: https://techcatalyst26.weebly.com/blog/synthetic-spider-silk-market-is-estimated-to-witness-high-growth-owing-to-properties-similar-to-natural-spider-silk