Technavio has been monitoring the silk market and it is poised to grow by USD 6.87 billion during 2020-2024, progressing at a CAGR of almost 9% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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The market is concentrated, and the degree of concentration will accelerate during the forecast period. AMSilk GmbH, Anhui Silk, Bolt Threads Inc., Camenzind + Co. AG, Eastern Silk Industries Ltd., Kraig Biocraft Laboratories Inc., Shengkun Silk Manufacturing Co. Ltd., Spiber Technologies AB, WENSLI, and WUJIANG FIRST TEXTILE CO. LTD. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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Increasing requirement of silk in the textile industry has been instrumental in driving the growth of the market.
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Silk Market 2020-2024: Segmentation
Silk Market is segmented as below:
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Silk Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The silk market report covers the following areas:
This study identifies the increasing use of silk in medical applications as one of the prime reasons driving the silk market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio's in-depth research has direct and indirect COVID-19 impacted market research reports.
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Silk Market 2020-2024: Key Highlights
Table of Contents:
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Application
Market Segmentation by Type
Customer Landscape
Geographic Landscape
Drivers, Challenges, and Trends
Vendor Landscape
Vendor Analysis
Appendix
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