Global Silk Market to Grow at a CAGR of 7.8% by 2023 - Driven by Growth of Cosmetic Industry & Increase in Demand of Silk - Research and Markets

DUBLIN--()--Research and Markets has announced the addition of the "Global Silk Market Insights, Opportunity, Analysis, Market Shares And Forecast 2017 - 2023" report to their offering.

The global silk market is estimated to grow with 7.8% CAGR during the year 2016 - 2023.

The driving factors for the growth of the silk market are the low capital-intensive industry, growth of cosmetic industry, increase in demand of silk, technological advancement in sericulture. Silk market requires less investment as it does not need complicated machines and equipment for its production. However, higher dependency on China for the silk raw material is hampering the demand of the of the silk market as there are limited producers in the silk market. The major challenges faced by silk market are high cost of silk raw material and labor intensive industry.

The global silk market is classified on the basis of type and application. The type is sub segmented into spider silk, mulberry silk, eri silk and tussar silk. The mulberry silk segment is expected to lead the silk market worldwide due to its flexibility, high strength and durability. Mulberry silk is primarily used in the manufacturing of textile such as scarves, gowns, blouses, apparel, wedding dresses, as well as in interiors such as draperies, pillows and wall hangings.

Companies Mentioned

  • Amsilk Gmbh (Germany)
  • Anhui Silk Co. Ltd. (China)
  • Bolt Threads Inc. (U.S.)
  • China Silk Corporation (China)
  • Entogenetics, Inc. (U.S.)
  • Jiangsu Sutong Cocoon & Silk Co. (China)
  • Jinchengjiang Xinxing Cocoon Silk Co., Ltd. (China)
  • Kraig Biocraft Laboratories, Inc. (U.S.)
  • Shengkun Silk Manufacturing Co., Ltd. (China)
  • Sichuan Nanchong Liuhe (Group) Corp. (China)
  • Spiber Technologies (Sweden)
  • Wensli Group Co. Ltd (China)
  • Wujiang First Textile Co., Ltd. (China)
  • Wujiang Wanshiyi Silk Co. Ltd. (China)
  • Zhejiang Jiaxin Silk Co., Ltd. (China)

Key Topics Covered:

1. Introduction

2. Market Overview

3. Market Determinants

4. Market Segmentation

5. Competitive Landscape

6. Global Silk Market By Region

7. Company Profiles

For more information about this report visit https://www.researchandmarkets.com/research/28rncz/global_silk

Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Related Topics: Animal Textiles

Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Related Topics: Animal Textiles