Kraig Biocraft Laboratories, Inc. (KBLB.OB) is Focused on Unlocking a Massive Marketing Opportunity
Kraig Biocraft Laboratories, Inc. is participating in a market that is generally referred to as the “technical textiles” market. This market encompasses a wide range of products used for numerous applications. The specific sub-sectors the company is targeting can be broken down into two main areas: aramid fibers and ultra-high molecular weight polyethylene fibers. 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 50%+ of the market. According to a research report completed by Emerging Growth Research, the market has experienced significant…