The global Synthetic Spider Silk Market is estimated to be valued at US$ 1140.6 Million in 2022 and is expected to exhibit a CAGR of 7.01% over the forecast period 2022-2030, as highlighted in a new report published by Coherent Market Insights.

Market Overview:
Synthetic spider silk has properties similar to natural spider silk such as high tensile strength, elasticity and flexibility. It finds wide application in textiles, Automotive, Healthcare and other industries due to its advantages over other synthetic fibers. The growing demand for lightweight yet durable materials is boosting the synthetic spider silk market.

Market key trends:
One of the major trends gaining traction in the synthetic spider silk market is its increasing application in the biomedical sector. Synthetic spider silk is being widely researched for use in sutures and surgical meshes owing to its biocompatibility. Compared to conventional suture materials, spider silk provides minimal inflammatory response and induces lesser scarring. Also, it degrades slowly matching the body’s natural healing rate. This prevents premature degradation of the suture before wound healing is complete.
Market key trends:
One of the key trends in the synthetic spider silk market is the growing adoption of spider silk fibers as a sustainable and eco-friendly substitute for carbon-intensive materials. Spider silk fibers are commonly touted as the strongest and toughest natural fibers known, outperforming steel and Kevlar in terms of tensile strength. Researchers are mimicking the molecular structures and genetic makeup of natural spider silk to produce recombinant spider silk fibers through bioengineering techniques like yeast and bacterial fermentation. These lab-grown spider silk fibers have applications in areas such as bulletproof vests, medical implants, sports protective gear, aircraft engineering and more due to their unique blend of high strength and flexibility.

SWOT Analysis
Strength: Synthetic spider silk fibers exhibit extraordinary strength, resilience and toughness making them suitable for use in a variety of high-performance applications. They are also touted as biodegradable and less environmentally taxing compared to carbon-intensive fibers.
Weakness: High production costs involved in the R&D and scaling up of recombinant spider silk fibers using bioengineering techniques is a weakness. Mass commercialization challenges also remain.
Opportunity: The growing demand for sustainable and renewable high-performance materials from industries like aerospace, defense, automotive, healthcare, textiles etc presents huge opportunities.
Threats: Stiff competition from established man-made fibers with existing mass production capabilities like nylon and Kevlar poses a threat. Regulatory uncertainties regarding approval of genetically engineered materials is also a threat.

Key Takeaways
The global Synthetic Spider Silk Market Share is expected to witness high growth, exhibiting CAGR of 7.01% over the forecast period, due to increasing demand for sustainable high-performance materials from different industries. The market size for Synthetic Spider Silk was US$ 1059.00 Mn for the year 2021.

Regional analysis: North America is currently the largest and fastest growing regional market for synthetic spider silk due to strong R&D investments and presence of leading innovators in the U.S. Asia Pacific is also emerging as a major market supported by countries like China, Japan and South Korea ramping up investments to develop advanced biomaterials.

Key players operating in the synthetic spider silk market are Kraig Biocraft Laboratories, Spiber Inc., AMSilk, and Bolt Threads. Kraig Biocraft Laboratories is a leading player focusing on bacterial fermentation techniques to produce transgenic silkworms that can spin spider silk proteins. Spiber Inc. and Bolt Threads are focusing on brewer’s yeast as a production platform. AMSilk is pursuing plant-based production of synthetic spider silk proteins in tobacco.

*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it