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      Steel Wire Market expected to grow at a CAGR of 6.26 percent during the forecast period

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      Global Silk Market intelligence with competitive landscape

      Qatar NewsRoom by Qatar NewsRoom
      November 18, 2022
      in PRESS RELEASES
      Global Silk Market intelligence with competitive landscape
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      (EMAILWIRE.COM, November 18, 2022 ) The global “Silk Market is projected to reach USD 16.94 billion by 2021, at a CAGR of 7.8% from 2016 to 2021. The Asia-Pacific region is leading the Silk Market, in terms of value, and the trend is projected to continue till 2021. Countries in this region such as China, India, Thailand, Uzbekistan, and Japan are witnessing growth in the use as well as production of silk.

      Request for customization of the Report @ https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=110379892

      Based on type, the mulberry silk segment is leading the silk market. Mulberry silk is gaining importance due to its unique properties such as high strength, elasticity, resilience, and absorbency. Mulberry silk is used with other fibers such as cotton to obtain better properties of the original silk. Furthermore, technological advancements in the sericulture industry is driving the silk market. The quality of silk is improving following innovations in sericulture to develop different breeds of silkworms. However, China is a major source of raw silk globally. Thus, high dependency on China for raw material can restrain the growth of the silk market. 

       Textile is the largest application segment of the silk market

      Textile is the largest application segment of the silk market, owing to an increase in demand for silk products from textile industries in Asia-Pacific and Europe. Silk is used in the textile industry as it is lustrous, luxurious, lightweight, resilient, stain-resistant, and strong.

      Don’t miss out on business opportunities in Silk Market. Speak to Our Analyst and gain crucial industry insights that will help your business grow. https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=110379892   

      Browse 88 market data tables and 29 figures spread through 110 pages and in-depth TOC on “Silk Market”

      The Asia-Pacific is the largest as well as the fastest growing market for silk. China leads the Asia-Pacific silk market, accounting for approximately 80% of the demand for silk in the region, owing to easy availability of raw silk. China is also the largest producer of raw silk and silk yarns globally, followed by India, Thailand, and Uzbekistan. China is the largest exporter of silk globally. The country is the world’s top textile exporter, accounting for approximately 40% of the world’s textile and clothing exports.

      The textile and clothing industry is the largest manufacturing industry in China with more than 20,000 enterprises. The growing demand for textile goods such as fabric and clothing in the Asia-Pacific region is expected to drive the silk market during the forecast period. The Asia-Pacific silk market is expected to grow further due to growing economy, rapid advancements in sericulture technology, and increasing application of silk in the textile industry.

      The silk market has several global players competing for market shares. Major manufacturers such as Anhui Silk Co. Ltd. (China), Kraig Biocraft Laboratories, Inc. (U.S.), Wujiang First Textile Co., Ltd. (China), Wujiang Wanshiyi Silk Co., Ltd. (China), and Zhejiang Jiaxin Silk Corp., Ltd. (China) have been profiled in the report.

      Get Sample Pages of This Report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=110379892

      About MarketsandMarkets™

      MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

      Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

      MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledge Store” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.



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