It really doesn't appear to be that way, more of a normal cloth suit with mechanical eyes and webshooters. The only non traditional cloth (other than the eyes) is possibly the big black "stripes" which could be some type of screen or 3D printed rubber materialTHis is the iron spider. HE is using a tecnologic cloth, like the glove on the trailer
I think trying to make a mechanical version of this mask with servos would be a bit of a hassle.
Something like those reflex electronic skins would probably be far less bulkier. Basically a plastic sheet that changes colour when an electric current is passed through it. The colour will remain until another electric current is passed through it again.
I think there are small servos or motors that can be embedded to the faceshell