Kraig Biocraft Laboratories, Inc., an emerging biotech company, is focused on developing the most advanced insect-related genetic engineering techniques to produce spider silk â€“ one of the strongest and most resilient fibers known to mankind.
Spider silk is extremely strong. In fact, studies have shown that spider silk is at least five times stronger than steel of the same diameter. Spider silk is also able to absorb enormous amounts of energy prior to breakage, making it a â€œsuper fiberâ€ that can support many ballistic resistant, medical, fashion and industrial applications.
The worldwide market for these fibers and other high-performance technical fibers is currently estimated at approximately $90 billion per year, with the United States accounting for more than half of the market. The market has experienced significant growth over the past 10 years, and is expected to maintain its momentum over the coming years.
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