COPYRIGHT © DIGITAL JOURNAL INC. Sitemaps: XML / News. Digital Journal is not responsible for the content of external sites. Read more about our external linking
Global Silk Market was valued at USD 16.94 billion in 2021 and is expected to reach USD 32.06 billion by 2029, registering a CAGR of 8.30% during the forecast period of 2022-2029.
Silk Market research report delivers widespread analysis of the market structure along with the estimations of the various segments and sub-segments of the market. This industry report also contains detailed profiles of market’s major manufacturers and importers who are dominating the market. Furthermore, the statistical and numerical data such as facts and figures are represented very precisely in the market report by using charts, tables, or graphs. The transformation in market landscape is mainly observed due to the moves of key players or brands which include developments, product launches, joint ventures, mergers, and acquisitions that in turn change the view of the global face of the industry.
Market Definition
Silk is a natural fiber that is obtained from cocoon of silk worms. Thus, the process of growing silk worms to obtain and produce silk is called sericulture. In the past, silk was used to make parachutes but now it is used to make clothes. The protein fiber of silk is composed of fibroin. The best silk is obtained from cocoons of the larvae of a mulberry silkworm Bombyx mori. Real silk is very expensive as it takes around 10,000 cocoons to obtain that quality of silk. Silk can also be employed in unexpected ways such as bicycle tires, medicine and so on. Summer is the best weather to wear silk because of its absorbent nature and has low conductive properties. Silk offers comfort, is extremely soft and adds elegance. Textile has emerged to be the quickest and the largest application of silk. The mulberry silk has dominated the market and will continue to flourish on the basis of worth and volume.
Get Sample PDF of the Silk Market @ https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-silk-market
Some of the major players operating in the silk market are
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
Drivers
Silk’s fastest-growing application is textile. Silk is an important component of the textile industry, which is constantly expanding and changing in terms of demand and supply. Silk is used in textiles because of its lustre, luxurious feel, lightweight, resilience, and strength. It is used in many different types of clothing, including wedding gowns, gowns, blouses, scarves, and neckties, as well as pillows, wall hangings, draperies, and upholstery.
Furthermore, the absorbency of silk makes it very comfortable to wear, especially in hot weather. During cold weather, its low conductivity keeps warm air close to the skin. Silk is increasingly being used in clothing such as shirts, ties, formal dresses, high fashion clothes, lingerie, pajamas, robes, dress suits, sun dresses, and kimonos. Silk is also used in India to make sarees, which are a traditional outfit.
The increasing awareness about the advantage of using lubricant-based products due to their corrosion resistant, nonflammable, and nontoxic properties will further propel the growth rate of silk market. Additionally, the growth in trade by air transportation will also drive market value growth. The expansion of the automotive industry along with the increase in defense budgets are other market growth determinants which are projected to bolster the growth of the market.
Opportunities
Furthermore, rapid development of the silk industry as fewer funds are required for production further extend profitable opportunities to the market players in the forecast period of 2022 to 2029. Additionally, the increasing development of technologically advanced products by manufacturers in sericulture further expand the future growth of the silk market.
Restraints/Challenges
Silk is one of the basically very expensive material. Additionally, silk clothes are not easy to clean as they usually need to be dry cleaned. Moreover, it can get damaged by excessive sun and water exposure. This makes it all the more expensive for the ultimate consumers. The overall high cost of silk will create hindrances for the growth of the silk market.
Also, the availability of substitutes at comparatively lower prices will prove to be a demerit for the silk market. Therefore, this will challenge the silk market growth rate.
Explore Further Details about This Research Report @ https://www.databridgemarketresearch.com/reports/global-silk-market
The silk market is segmented on the basis of production process, type and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Production Process
Type
Application
Silk Market Regional Analysis/Insights
The Silk market is analyzed and market size insights and trends are provided by country, material type, end user and application as referenced above.
The countries covered in the Silk market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period of 2022-2029. The market growth over this region is attributed to the high demand for fiber cement Silk within the region. Asia-Pacific on the other hand, is estimated to show lucrative growth over the forecast period of 2022-2029, due to the prominent presence of fiber cement Silk market players within the region. Moreover, the high requirement for the residential and commercial building construction also boosts the regional demand.
The report answers questions such as:
Download the Complete Table of Contents @ https://www.databridgemarketresearch.com/toc/?dbmr=global-silk-market
Browse More DBMR Reports:
Healthcare Personal Protective Equipment Market – Industry Trends and Forecast to 2029 https://www.databridgemarketresearch.com/reports/global-healthcare-personal-protective-equipment-market
Macroencapsulation Market – Industry Trends and Forecast to 2029 https://www.databridgemarketresearch.com/reports/global-macroencapsulation-market
Functional Apparel Market – Industry Trends and Forecast to 2029 https://www.databridgemarketresearch.com/reports/global-functional-apparel-market
Personal Protective Gloves Market – Industry Trends and Forecast to 2029 https://www.databridgemarketresearch.com/reports/global-personal-protective-gloves-market
Carbon Black for Textile Fibers Market – Industry Trends and Forecast to 2030 https://www.databridgemarketresearch.com/reports/global-carbon-black-for-textile-fibers-market
Coated Glass Market – Industry Trends and Forecast to 2030 https://www.databridgemarketresearch.com/reports/global-coated-glass-market
Ceramics Market – Industry Trends and Forecast to 2029 https://www.databridgemarketresearch.com/reports/global-ceramics-market
Buildtech Textiles Market – Industry Trends and Forecast to 2029 https://www.databridgemarketresearch.com/reports/global-buildtech-textiles-market
GRP Pipes Market – Industry Trends and Forecast to 2030 https://www.databridgemarketresearch.com/reports/global-grp-pipes-market
Ultra Thin Glass Market – Industry Trends and Forecast to 2029 https://www.databridgemarketresearch.com/reports/global-ultra-thin-glass-market
Porous Ceramic Market – Industry Trends and Forecast to 2029 https://www.databridgemarketresearch.com/reports/global-porous-ceramic-market
Eco Fiber Market – Industry Trends and Forecast to 2029 https://www.databridgemarketresearch.com/reports/global-eco-fiber-market
Glass Reinforced Plastics (GRP) Pipes Market – Industry Trends and Forecast to 2029 https://www.databridgemarketresearch.com/reports/global-glass-reinforced-plastics-grp-pipes-market
Plastic Stabilizer Market – Industry Trends and Forecast to 2029 https://www.databridgemarketresearch.com/reports/global-plastic-stabilizer-market
Building and Construction Glass Market – Industry Trends and Forecast to 2030 https://www.databridgemarketresearch.com/reports/global-building-and-construction-glass-market
About Data Bridge Market Research:
An absolute way to forecast what future holds is to comprehend the trend today!
Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market. Data Bridge endeavours to provide appropriate solutions to the complex business challenges and initiates an effortless decision-making process. Data Bridge is an aftermath of sheer wisdom and experience which was formulated and framed in the year 2015 in Pune.
Data Bridge Market Research has over 500 analysts working in different industries. We have catered more than 40% of the fortune 500 companies globally and have a network of more than 5000+ clientele around the globe. Data Bridge adepts in creating satisfied clients who reckon upon our services and rely on our hard work with certitude. We are content with our glorious 99.9 % client satisfying rate.
Contact Us:
Data Bridge Market Research
US: +1 888 387 2818
UK: +44 208 089 1725
Hong Kong: +852 8192 7475
Email:- corporatesales@databridgemarketresearch.com