Global Silk Market: Key Highlights
Global Silk Market: Key Market Dynamics
Global Silk Market: Regional Overview
The Asia Pacific is accounted to be the largest market for silk owing to a large number of textile manufacturers and growing demand form the domestic market. China is one of the largest producers of silk yarns and textile products and more than 90% of silk raw material is exported from China. Thus, China is expected to dominate the silk market followed by India. Moreover, changing consumption patterns, rising population, disposable income and the rise in demand for clothing and home furnishing products in some of the major growth factors propelling the growth of the silk market in this region.
Europe is likely to witness the demand for silk market owing to the imports from countries such as Germany, Italy, and France. Italy is one of the largest importer, processor, and exporter of silk products which has attributed by highly developed skills in silk processing such as finishing, dyeing and printing silk fabrics. Moreover, in Germany consumer’s inclination towards the use of natural fibers making market quality-conscious and prepared to pay a premium for good quality. Thus, owing to various factors form European countries is expected to argue the market growth.
Global Silk Market: Key Players Overview
Bolt Threads is a US-based material innovation company incorporated in 2009. The company uses cutting edge technology and biology to develop new textiles and materials. MICROSILK, MYLO, and B-SILK PROTEIN are some of the technologies used to produce the end-use product. In July 2017, Stella McCartney and Bolt Threads entered into a partnership which will help to extend its boundaries which will help to change the future of apparel production, and the fashion industry at large.
AMSilk GmbH is engaged in producing and distributing a high volume of high-quality silk biopolymers for use in textile products, medical devices, and cosmetics. AT Newtee GmbH, MIG Fonds, and Technische Universitat Munchen are a shareholder of the company. In May 2017, AMSilk GmbH expanded its fiber business unit which will help the Biosteel fiber product to bring the protein-based silk fiber to the next development stage. This was aimed to develop the market ready product, and set new standards in the fiber industry.
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