Silk Fibroin Market: Overview
Silk fibroin (SF) is a protein produced by silkworms and spiders. It has exceptional mechanical properties as well as excellent physical and chemical properties such as excellent biocompatibility, tunable degradation, and ease of processing. The material also has the ability to support differentiation of the mesenchymal stem cells along the osteogenic lineage. These properties have made silk fibroin a favorable scaffold material for bone tissue engineering. Silk fibroin can be processed into various forms such as fibers, films, and particulate and three-dimensional (3D) porous scaffolds. Silk fibroin can also be synergistically combined with other biomaterials to form various composites. Also, it can be chemically modified for different applications. Silk fibroin is widely used in various biomedical applications, due to its superior biocompatibility, tunable degradation, and excellent mechanical properties. Researchers are developing methods to utilize silk fibroin biomaterials for repairing the ocular surface of the cornea on injury, for which the currently available biomaterials are partially effective. This can generate demand for use of silk fibroin biomaterials in eye care applications.
Silk Fibroin Market: Trends & Demands
Extensive usage of silk fibroin in bone tissue engineering is anticipated to drive the silk fibroin market in the near future, which is encouraging companies to invest more in research and development of silk fibroin. Furthermore, easy availability of raw materials is anticipated to boost the demand for silk fibroin during the forecast period.
Companies operating in the global silk fibroin market are striving to develop new and better methods to manufacture silk fibroin. Development of new processes to produce silk fibroin is estimated to propel the market in the near future. However, volatility in prices of raw materials is projected to hamper the silk fibroin market during the forecast period.
Silk Fibroin Market: Key Segments
In terms of application, the silk fibroin market can be divided into drug delivery, bone tissue engineering, eye care, and others. The bone tissue engineering segment is estimated to expand at a considerable pace in the next few years, due to rise in the prevalence of bone-related diseases in developed countries such as the U.S., Germany, and France.
Silk Fibroin Market: Regional Outlook
Based on region, the global silk fibroin market can be segregated into North America, Latin America, Asia Pacific, Europe, and Middle East & Africa. North America and Europe are anticipated to collectively constitute a major share of the global market during the forecast period. The silk fibroin market in Asia Pacific is likely to expand at a significant pace due to the rise in per capita income in developing countries in the region such as China and India. Rise in the per capita income increases spending power of consumers, which raises the demand for high-quality health care products in the region. This, coupled with increasing prevalence of bone-related diseases, fuels the silk fibroin market in Asia Pacific. Middle East & Africa is expected to be an attractive market for silk fibroin during the forecast period, due to rise in the demand for silk fibroin in the region for use in health care applications.
Silk Fibroin Market: Key Players
Prominent players operating in the global silk fibroin market include Elsevier Ltd., WILEY-VCH Verlag GmbH & Co. KGaA, Vaxess Technologies, Inc., and Acta Materialia Inc. These players engage in research & development activities, strategic alliances, and mergers & acquisitions in order to gain market share.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
- A complete backdrop analysis, which includes an assessment of the parent market
- Important changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
- Emerging niche segments and regional markets
- An objective assessment of the trajectory of the market
- Recommendations to companies for strengthening their foothold in the market
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.