The silk market is projected to be worth US$ 20.0 billion in 2024. The market is anticipated to reach US$ 44.6 billion by 2034. The market is further expected to surge at a CAGR of 8.4% during the forecast period 2024 to 2034.
| Attributes | Key Insights |
|---|---|
| Silk Market Estimated Size in 2024 | US$ 20.0 billion |
| Projected Market Value in 2034 | US$ 44.6 billion |
| Value-based CAGR from 2024 to 2034 | 8.4% |
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Emerging markets, particularly in Asia Pacific regions such as China, India, and Southeast Asia, are witnessing growing demand for silk products due to rising disposable incomes and increasing fashion consciousness among consumers.
The scope for silk rose at a 9.6% CAGR between 2019 and 2023. The global market is anticipated to grow at a moderate CAGR of 8.4% over the forecast period 2024 to 2034.
The silk market likely experienced steady demand growth during the historical period, driven by factors such as rising disposable incomes, fashion trends, and the increasing popularity of silk products in both traditional and emerging markets. Advances in sericulture technology, silk processing techniques, and textile manufacturing likely contributed to improved silk quality, production efficiency, and cost effectiveness.
The silk market may have expanded into new geographical regions and diversified product offerings to meet evolving consumer preferences and market demands. Trade agreements, tariff policies, and market liberalization measures may have influenced global trade flows and market dynamics in the silk industry.
The forecast projections of the market anticipate continued growth in the silk market driven by factors such as population growth, urbanization, and changing consumer lifestyles. Innovation in silk blends, textile technologies, and product applications is expected to drive product differentiation, market competitiveness, and consumer interest in silk products.
The adoption of digital technologies, e-commerce platforms, and online retailing channels is likely to reshape the silk market landscape, enabling market players to reach a wider audience and enhance customer engagement.
Principal Consultant
Silk is often associated with luxury due to its softness, luster, and durability. The demand for luxury fabrics like silk is expected to increase, as disposable incomes rise globally, especially in emerging economies.
Silk production involves labor intensive processes, including silkworm rearing, cocoon harvesting, and silk extraction. High production costs, including labor costs, feed costs, and energy expenses, can impact the profitability of silk farming and manufacturing operations.
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The below table showcases revenues in terms of the top 5 leading countries, spearheaded by Korea and Japan. The countries are expected to lead the market through 2034.
| Countries | Forecast CAGRs from 2024 to 2034 |
|---|---|
| The United States | 8.5% |
| China | 9.0% |
| The United Kingdom | 9.2% |
| Japan | 9.4% |
| Korea | 9.5% |
The silk market in the United States expected to expand at a CAGR of 8.5% through 2034. The country has a large consumer base with a growing appreciation for luxury textiles.
Silk is often perceived as a premium fabric associated with elegance and sophistication, making it desirable among consumers seeking high quality clothing, accessories, and home furnishings.
The fashion industry in the United States sets global trends and drives demand for premium textiles, including silk. American designers and fashion houses frequently incorporate silk fabrics into their collections, contributing to the popularity of silk garments and accessories among consumers in the market.
The silk market in the United Kingdom is anticipated to expand at a CAGR of 9.2% through 2034. There is a growing trend towards sustainability and ethical fashion in the country, driven by consumer demand for environmentally friendly and socially responsible products.
Sustainable silk production methods, such as organic silk farming and cruelty free silk harvesting, align with the values of environmentally conscious consumers and contribute to the growth of the silk market.
The United Kingdom has a well-developed e-commerce infrastructure and a growing online retail market. E-commerce platforms and digital marketplaces offer a convenient and accessible channel for British consumers to purchase silk products from domestic and international brands, driving growth in the online silk market.
Silk trends in China are taking a turn for the better. A 9.0% CAGR is forecast for the country from 2024 to 2034. The country has a long standing tradition of silk production, dating back to ancient times.
Silk weaving techniques and craftsmanship have been passed down through generations, contributing to the preservation and promotion of traditional silk making skills and heritage practices. The appreciation for rich history and cultural significance of silk enhances its desirability and market appeal in China.
The rapid economic growth and rising affluence of China have led to increased consumer spending power and a growing demand for luxury goods and premium textiles. Chinese consumers have greater purchasing power to invest in high quality silk products for clothing, home furnishings, and gift giving purposes, as disposable incomes rise.
The silk market in Japan is poised to expand at a CAGR of 9.4% through 2034. The country is renowned for its high quality silk products, including kimono fabrics, obi sashes, and traditional textiles.
Japanese silk is prized for its softness, luster, and superior craftsmanship, making it highly desirable among domestic consumers and international markets seeking premium silk products.
Japan has a strong tradition of craftsmanship and artisanal skills, which are applied to the production of silk textiles and garments. Traditional silk weaving, dyeing, and embroidery techniques are passed down through generations, preserving cultural heritage and promoting the artistry of Japanese silk craftsmanship.
The silk market in Korea is anticipated to expand at a CAGR of 9.5% through 2034. Rich cultural heritage and tourist attractions in the country, including silk museums, traditional villages, and cultural festivals, attract visitors from around the world who seek immersive experiences and authentic encounters with Korean culture.
Tourism related activities and souvenir purchases contribute to the demand for silk products and support the growth of the silk market in the country. Korean manufacturers are known for their innovation in textile blending and product development.
They create fabrics with enhanced properties such as stretch, durability, or moisture wicking capabilities, by blending silk with other fibers such as cotton, polyester, or spandex. The innovative silk blends cater to diverse consumer needs and expand the application scope of silk in various industries including fashion, sportswear, and technical textiles.
The below table highlights how eri silk segment is projected to lead the market in terms of type, and is expected to account for a CAGR of 8.2% through 2034. Based on end user, the textile segment is expected to account for a CAGR of 8.0% through 2034.
| Category | CAGR through 2034 |
|---|---|
| Eri Silk | 8.2% |
| Textile | 8.0% |
Based on type, the eri silk segment is expected to continue dominating the silk market. Increasing concerns about animal welfare and cruelty free production practices have prompted consumers to seek alternatives to conventional silk that involve the killing of silkworms during the harvesting process. Eri silk, which allows the silkworms to live out their natural life cycle, appeals to consumers who prioritize ethical and humane treatment of animals.
Eri silk possesses unique characteristics and qualities that differentiate it from other types of silk. It is known for its softness, warmth, and durability, making it suitable for a wide range of textile applications including clothing, accessories, home furnishings, and upholstery. The distinctive texture and natural color variations of Eri silk add to its appeal among consumers and designers.
In terms of end user, the textile segment is expected to continue dominating the silk market. Silk has long been associated with luxury, elegance, and prestige in the textile industry. The textile segment, including luxury fashion houses, designer brands, and high end retailers, drives the demand for silk fabrics and garments due to their inherent qualities such as softness, luster, and drapability.
The textile segment drives demand for silk fabrics and garments by shaping fashion and design trends in the global marketplace. Fashion designers, trend forecasters, and textile experts influence consumer preferences and purchasing decisions through runway shows, fashion collections, and design collaborations that showcase silk as a desirable and fashionable material.
The competitive landscape of the silk market is characterized by a diverse range of players operating across the silk value chain, including silk producers, manufacturers, distributors, and retailers. The players compete based on factors such as product quality, innovation, pricing, distribution channels, and brand reputation.
Company Portfolio
| Attribute | Details |
|---|---|
| Estimated Market Size in 2024 | US$ 20.0 billion |
| Projected Market Valuation in 2034 | US$ 44.6 billion |
| Value-based CAGR 2024 to 2034 | 8.4% |
| Forecast Period | 2024 to 2034 |
| Historical Data Available for | 2019 to 2023 |
| Market Analysis | Value in US$ billion |
| Key Regions Covered |
|
| Key Market Segments Covered |
|
| Key Countries Profiled |
|
| Key Companies Profiled |
|
The silk market is projected to reach a valuation of US$ 20.0 billion in 2024.
The silk industry is set to expand by a CAGR of 8.4% through 2034.
The silk market is forecast to reach US$ 44.6 billion by 2034.
Korea is expected to be the top performing market, exhibiting a CAGR of 9.5% through 2034.
Eri silk segment is preferred, and is expected to account for a CAGR of 8.2% through 2034.
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Product Life Cycle Analysis
3.5. Supply Chain Analysis
3.5.1. Supply Side Participants and their Roles
3.5.1.1. Producers
3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers)
3.5.1.3. Wholesalers and Distributors
3.5.2. Value Added and Value Created at Node in the Supply Chain
3.5.3. List of Raw Material Suppliers
3.5.4. List of Existing and Potential Buyer’s
3.6. Investment Feasibility Matrix
3.7. Value Chain Analysis
3.7.1. Profit Margin Analysis
3.7.2. Wholesalers and Distributors
3.7.3. Retailers
3.8. PESTLE and Porter’s Analysis
3.9. Regulatory Landscape
3.9.1. By Key Regions
3.9.2. By Key Countries
3.10. Regional Parent Market Outlook
3.11. Production and Consumption Statistics
3.12. Import and Export Statistics
4. Global Market Analysis 2019 to 2023 and Forecast, 2024 to 2034
4.1. Historical Market Size Value (US$ Million) & Volume (Meter) Analysis, 2019 to 2023
4.2. Current and Future Market Size Value (US$ Million) & Volume (Meter) Projections, 2024 to 2034
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Type
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Million) & Volume (Meter) Analysis By Type, 2019 to 2023
5.3. Current and Future Market Size Value (US$ Million) & Volume (Meter) Analysis and Forecast By Type, 2024 to 2034
5.3.1. Eri Silk
5.3.2. Mulberry Silk
5.3.3. Tussar Silk
5.3.4. Others
5.4. Y-o-Y Growth Trend Analysis By Type, 2019 to 2023
5.5. Absolute $ Opportunity Analysis By Type, 2024 to 2034
6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By End User
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Million) & Volume (Meter) Analysis By End User, 2019 to 2023
6.3. Current and Future Market Size Value (US$ Million) & Volume (Meter) Analysis and Forecast By End User, 2024 to 2034
6.3.1. Textile
6.3.2. Cosmetics and Medical
6.4. Y-o-Y Growth Trend Analysis By End User, 2019 to 2023
6.5. Absolute $ Opportunity Analysis By End User, 2024 to 2034
7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region
7.1. Introduction
7.2. Historical Market Size Value (US$ Million) & Volume (Meter) Analysis By Region, 2019 to 2023
7.3. Current Market Size Value (US$ Million) & Volume (Meter) Analysis and Forecast By Region, 2024 to 2034
7.3.1. North America
7.3.2. Latin America
7.3.3. Western Europe
7.3.4. Eastern Europe
7.3.5. South Asia and Pacific
7.3.6. East Asia
7.3.7. Middle East and Africa
7.4. Market Attractiveness Analysis By Region
8. North America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
8.1. Historical Market Size Value (US$ Million) & Volume (Meter) Trend Analysis By Market Taxonomy, 2019 to 2023
8.2. Market Size Value (US$ Million) & Volume (Meter) Forecast By Market Taxonomy, 2024 to 2034
8.2.1. By Country
8.2.1.1. USA
8.2.1.2. Canada
8.2.2. By Type
8.2.3. By End User
8.3. Market Attractiveness Analysis
8.3.1. By Country
8.3.2. By Type
8.3.3. By End User
8.4. Key Takeaways
9. Latin America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
9.1. Historical Market Size Value (US$ Million) & Volume (Meter) Trend Analysis By Market Taxonomy, 2019 to 2023
9.2. Market Size Value (US$ Million) & Volume (Meter) Forecast By Market Taxonomy, 2024 to 2034
9.2.1. By Country
9.2.1.1. Brazil
9.2.1.2. Mexico
9.2.1.3. Rest of Latin America
9.2.2. By Type
9.2.3. By End User
9.3. Market Attractiveness Analysis
9.3.1. By Country
9.3.2. By Type
9.3.3. By End User
9.4. Key Takeaways
10. Western Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
10.1. Historical Market Size Value (US$ Million) & Volume (Meter) Trend Analysis By Market Taxonomy, 2019 to 2023
10.2. Market Size Value (US$ Million) & Volume (Meter) Forecast By Market Taxonomy, 2024 to 2034
10.2.1. By Country
10.2.1.1. Germany
10.2.1.2. UK
10.2.1.3. France
10.2.1.4. Spain
10.2.1.5. Italy
10.2.1.6. Rest of Western Europe
10.2.2. By Type
10.2.3. By End User
10.3. Market Attractiveness Analysis
10.3.1. By Country
10.3.2. By Type
10.3.3. By End User
10.4. Key Takeaways
11. Eastern Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
11.1. Historical Market Size Value (US$ Million) & Volume (Meter) Trend Analysis By Market Taxonomy, 2019 to 2023
11.2. Market Size Value (US$ Million) & Volume (Meter) Forecast By Market Taxonomy, 2024 to 2034
11.2.1. By Country
11.2.1.1. Poland
11.2.1.2. Russia
11.2.1.3. Czech Republic
11.2.1.4. Romania
11.2.1.5. Rest of Eastern Europe
11.2.2. By Type
11.2.3. By End User
11.3. Market Attractiveness Analysis
11.3.1. By Country
11.3.2. By Type
11.3.3. By End User
11.4. Key Takeaways
12. South Asia and Pacific Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
12.1. Historical Market Size Value (US$ Million) & Volume (Meter) Trend Analysis By Market Taxonomy, 2019 to 2023
12.2. Market Size Value (US$ Million) & Volume (Meter) Forecast By Market Taxonomy, 2024 to 2034
12.2.1. By Country
12.2.1.1. India
12.2.1.2. Bangladesh
12.2.1.3. Australia
12.2.1.4. New Zealand
12.2.1.5. Rest of South Asia and Pacific
12.2.2. By Type
12.2.3. By End User
12.3. Market Attractiveness Analysis
12.3.1. By Country
12.3.2. By Type
12.3.3. By End User
12.4. Key Takeaways
13. East Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
13.1. Historical Market Size Value (US$ Million) & Volume (Meter) Trend Analysis By Market Taxonomy, 2019 to 2023
13.2. Market Size Value (US$ Million) & Volume (Meter) Forecast By Market Taxonomy, 2024 to 2034
13.2.1. By Country
13.2.1.1. China
13.2.1.2. Japan
13.2.1.3. South Korea
13.2.2. By Type
13.2.3. By End User
13.3. Market Attractiveness Analysis
13.3.1. By Country
13.3.2. By Type
13.3.3. By End User
13.4. Key Takeaways
14. Middle East and Africa Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
14.1. Historical Market Size Value (US$ Million) & Volume (Meter) Trend Analysis By Market Taxonomy, 2019 to 2023
14.2. Market Size Value (US$ Million) & Volume (Meter) Forecast By Market Taxonomy, 2024 to 2034
14.2.1. By Country
14.2.1.1. GCC Countries
14.2.1.2. South Africa
14.2.1.3. Israel
14.2.1.4. Rest of MEA
14.2.2. By Type
14.2.3. By End User
14.3. Market Attractiveness Analysis
14.3.1. By Country
14.3.2. By Type
14.3.3. By End User
14.4. Key Takeaways
15. Key Countries Market Analysis
15.1. USA
15.1.1. Pricing Analysis
15.1.2. Market Share Analysis, 2023
15.1.2.1. By Type
15.1.2.2. By End User
15.2. Canada
15.2.1. Pricing Analysis
15.2.2. Market Share Analysis, 2023
15.2.2.1. By Type
15.2.2.2. By End User
15.3. Brazil
15.3.1. Pricing Analysis
15.3.2. Market Share Analysis, 2023
15.3.2.1. By Type
15.3.2.2. By End User
15.4. Mexico
15.4.1. Pricing Analysis
15.4.2. Market Share Analysis, 2023
15.4.2.1. By Type
15.4.2.2. By End User
15.5. Germany
15.5.1. Pricing Analysis
15.5.2. Market Share Analysis, 2023
15.5.2.1. By Type
15.5.2.2. By End User
15.6. UK
15.6.1. Pricing Analysis
15.6.2. Market Share Analysis, 2023
15.6.2.1. By Type
15.6.2.2. By End User
15.7. France
15.7.1. Pricing Analysis
15.7.2. Market Share Analysis, 2023
15.7.2.1. By Type
15.7.2.2. By End User
15.8. Spain
15.8.1. Pricing Analysis
15.8.2. Market Share Analysis, 2023
15.8.2.1. By Type
15.8.2.2. By End User
15.9. Italy
15.9.1. Pricing Analysis
15.9.2. Market Share Analysis, 2023
15.9.2.1. By Type
15.9.2.2. By End User
15.10. Poland
15.10.1. Pricing Analysis
15.10.2. Market Share Analysis, 2023
15.10.2.1. By Type
15.10.2.2. By End User
15.11. Russia
15.11.1. Pricing Analysis
15.11.2. Market Share Analysis, 2023
15.11.2.1. By Type
15.11.2.2. By End User
15.12. Czech Republic
15.12.1. Pricing Analysis
15.12.2. Market Share Analysis, 2023
15.12.2.1. By Type
15.12.2.2. By End User
15.13. Romania
15.13.1. Pricing Analysis
15.13.2. Market Share Analysis, 2023
15.13.2.1. By Type
15.13.2.2. By End User
15.14. India
15.14.1. Pricing Analysis
15.14.2. Market Share Analysis, 2023
15.14.2.1. By Type
15.14.2.2. By End User
15.15. Bangladesh
15.15.1. Pricing Analysis
15.15.2. Market Share Analysis, 2023
15.15.2.1. By Type
15.15.2.2. By End User
15.16. Australia
15.16.1. Pricing Analysis
15.16.2. Market Share Analysis, 2023
15.16.2.1. By Type
15.16.2.2. By End User
15.17. New Zealand
15.17.1. Pricing Analysis
15.17.2. Market Share Analysis, 2023
15.17.2.1. By Type
15.17.2.2. By End User
15.18. China
15.18.1. Pricing Analysis
15.18.2. Market Share Analysis, 2023
15.18.2.1. By Type
15.18.2.2. By End User
15.19. Japan
15.19.1. Pricing Analysis
15.19.2. Market Share Analysis, 2023
15.19.2.1. By Type
15.19.2.2. By End User
15.20. South Korea
15.20.1. Pricing Analysis
15.20.2. Market Share Analysis, 2023
15.20.2.1. By Type
15.20.2.2. By End User
15.21. GCC Countries
15.21.1. Pricing Analysis
15.21.2. Market Share Analysis, 2023
15.21.2.1. By Type
15.21.2.2. By End User
15.22. South Africa
15.22.1. Pricing Analysis
15.22.2. Market Share Analysis, 2023
15.22.2.1. By Type
15.22.2.2. By End User
15.23. Israel
15.23.1. Pricing Analysis
15.23.2. Market Share Analysis, 2023
15.23.2.1. By Type
15.23.2.2. By End User
16. Market Structure Analysis
16.1. Competition Dashboard
16.2. Competition Benchmarking
16.3. Market Share Analysis of Top Players
16.3.1. By Regional
16.3.2. By Type
16.3.3. By End User
17. Competition Analysis
17.1. Competition Deep Dive
17.1.1. Bolt Threads
17.1.1.1. Overview
17.1.1.2. Product Portfolio
17.1.1.3. Profitability by Market Segments
17.1.1.4. Sales Footprint
17.1.1.5. Strategy Overview
17.1.1.5.1. Marketing Strategy
17.1.1.5.2. Product Strategy
17.1.1.5.3. Channel Strategy
17.1.2. ShengKun Manufacturing Co., Ltd.
17.1.2.1. Overview
17.1.2.2. Product Portfolio
17.1.2.3. Profitability by Market Segments
17.1.2.4. Sales Footprint
17.1.2.5. Strategy Overview
17.1.2.5.1. Marketing Strategy
17.1.2.5.2. Product Strategy
17.1.2.5.3. Channel Strategy
17.1.3. Sichuan Nanchong Liuhe (Group) Corp
17.1.3.1. Overview
17.1.3.2. Product Portfolio
17.1.3.3. Profitability by Market Segments
17.1.3.4. Sales Footprint
17.1.3.5. Strategy Overview
17.1.3.5.1. Marketing Strategy
17.1.3.5.2. Product Strategy
17.1.3.5.3. Channel Strategy
17.1.4. Anhui Co. Ltd
17.1.4.1. Overview
17.1.4.2. Product Portfolio
17.1.4.3. Profitability by Market Segments
17.1.4.4. Sales Footprint
17.1.4.5. Strategy Overview
17.1.4.5.1. Marketing Strategy
17.1.4.5.2. Product Strategy
17.1.4.5.3. Channel Strategy
17.1.5. Zhejiang Jiaxin Co., Ltd
17.1.5.1. Overview
17.1.5.2. Product Portfolio
17.1.5.3. Profitability by Market Segments
17.1.5.4. Sales Footprint
17.1.5.5. Strategy Overview
17.1.5.5.1. Marketing Strategy
17.1.5.5.2. Product Strategy
17.1.5.5.3. Channel Strategy
17.1.6. Wujiang First Textile Co., Ltd.
17.1.6.1. Overview
17.1.6.2. Product Portfolio
17.1.6.3. Profitability by Market Segments
17.1.6.4. Sales Footprint
17.1.6.5. Strategy Overview
17.1.6.5.1. Marketing Strategy
17.1.6.5.2. Product Strategy
17.1.6.5.3. Channel Strategy
17.1.7. Wujiang Wanshiyi Co. Ltd.
17.1.7.1. Overview
17.1.7.2. Product Portfolio
17.1.7.3. Profitability by Market Segments
17.1.7.4. Sales Footprint
17.1.7.5. Strategy Overview
17.1.7.5.1. Marketing Strategy
17.1.7.5.2. Product Strategy
17.1.7.5.3. Channel Strategy
17.1.8. Jiangsu Sutong Cocoon And Co
17.1.8.1. Overview
17.1.8.2. Product Portfolio
17.1.8.3. Profitability by Market Segments
17.1.8.4. Sales Footprint
17.1.8.5. Strategy Overview
17.1.8.5.1. Marketing Strategy
17.1.8.5.2. Product Strategy
17.1.8.5.3. Channel Strategy
17.1.9. Amsilk GmbH
17.1.9.1. Overview
17.1.9.2. Product Portfolio
17.1.9.3. Profitability by Market Segments
17.1.9.4. Sales Footprint
17.1.9.5. Strategy Overview
17.1.9.5.1. Marketing Strategy
17.1.9.5.2. Product Strategy
17.1.9.5.3. Channel Strategy
17.1.10. Libas Textiles Ltd.
17.1.10.1. Overview
17.1.10.2. Product Portfolio
17.1.10.3. Profitability by Market Segments
17.1.10.4. Sales Footprint
17.1.10.5. Strategy Overview
17.1.10.5.1. Marketing Strategy
17.1.10.5.2. Product Strategy
17.1.10.5.3. Channel Strategy
18. Assumptions & Acronyms Used
19. Research Methodology
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Silk Market
