DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "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" report to their offering.
The global silk market is projected to reach USD 16.94 billion by 2021, at a CAGR of 7.8% from 2016 to 2021
Technological advancements in sericulture and improved quality of silk are the major drivers for the silk market. Innovations to increase the yield and quality of silk are expected to significantly drive the silk market.
Based on type, the mulberry silk segment led the silk market in 2015 and is expected to continue its dominance during the forecast period. Large amounts of silk procured for textile applications is obtained from the Bombyx mori L. silkworm, which feeds solely on the leaves of the mulberry plant. Moreover, ease of usage of mulberry silk with cotton and the blend to improve base properties of both the fibers further makes it the most consumed silk type. Its application in textile, and cosmetics & medicine industries to produce different products is fueling the growth of the silk market for mulberry silk.
Silk is majorly used in the textile industry. The demand for silk is growing in the textile industry and the trend is expected to continue in the future. Silk fabrics are used for arts and decorations as well as for clothing. Silk is used in the textile industry as it is lustrous, luxurious, lightweight, resilient, and strong. It is used in the textile industry to make different products such as wedding dresses, gowns, blouses, scarves, neckties as well as in pillows, wall hangings, draperies, upholstery. Key drivers for growth of the textile segment are the increasing disposable income of consumers, changing consumer lifestyle, changing customer preference in high consuming countries of textile such as China, India, and the U.S.
Asia-Pacific silk market is expected to grow at the highest CAGR during the forecast period.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Silk Market, By Type
8 Silk Market, By Application
9 Silk Market, By Region
10 Company Profiles
- Amsilk GmbH
- Anhui Silk Co. Ltd.
- Bolt Threads Inc.
- China Silk Corporation
- Entogenetics, Inc.
- Jiangsu Sutong Cocoon & Silk Co.
- Jinchengjiang Xinxing Cocoon Silk Co., Ltd.
- Kraig Biocraft Laboratories, Inc.
- Shengkun Silk Manufacturing Co., Ltd.
- Sichuan Nanchong Liuhe (Group) Corp.
- Spiber Technologies
- Wensli Group Co. Ltd.
- Wujiang First Textile Co., Ltd.
- Wujiang Wanshiyi Silk Co. Ltd.
- Zhejiang Jiaxin Silk Co., Ltd.
For more information about this report visit http://www.researchandmarkets.com/research/wzp9mf/silk_market_by