The global automotive airbag silicone market size reached USD 237.5 Million in 2020 and is expected to register a CAGR of 15.4% during the forecast period, according to latest analysis by Emergen Research. Increase in the number of silicone-coated airbags per vehicle is one of the key factors currently driving growth of the global automotive airbag silicone market. In addition, rising demand for electric vehicles is expected to boost market growth over the forecast period. Furthermore, rising demand for curtain/side automotive airbags is expected to support growth of the global automotive airbag silicone market to a significant extent going ahead.
However, high cost of raw materials for production of silicone-coated automotive airbags is a primary factor expected to hamper global automotive airbag silicone market growth to a certain extent during the forecast period.
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The competitive landscape of the report has been formulated by considering all the vital parameters such as company profiling, market share, recent developments and advancements, gross margins, product portfolio, revenue generation, financial standing, market position, and expansion plans. The report also discusses in detail the recent mergers and acquisitions, joint ventures, collaborations, product launches and brand promotions, agreements, corporate and government deals, and partnerships, among others. The report also sheds light on the recent technological developments and product advancements in the Automotive Airbag Silicone market.
Furthermore, the report provides details about the new players entering the market, and entry-level barriers and offers strategic recommendations to overcome those barriers to gain a substantial industry presence.
Key players in the market include Wacker Chemie AG, Robert Bosch GmbH, Continental AG, Mitsubishi Electric Corporation, Kolon Industries, Inc, ZF Friedrichshafen AG, Toray Industries, Inc., Toyobo Co., Ltd., Shin-Etsu Chemical Co., Ltd., and DENSO Corporation.
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Key Highlights from the Report
One-piece-woven segment revenue is expected to expand at a significantly rapid CAGR during the forecast period. Increasing emphasis on diminishing accidental death rate is expected to boost growth of this segment.
The curtain/side segment is expected to register significant revenue growth over the forecast period due to rising usage of airbags to protect chest of adults from side-impact collisions.
Increasing airbag installation in passenger cars to mitigate impact and save passengers’ lives in collisions is expected to drive growth of the passenger cars segment, which is expected to lead in terms of revenue contribution to the global automotive airbag silicone market during the forecast period.
Regional Analysis:
The report further examines the market in the key regions of the world with regard to production and consumption patterns, import/export, supply and demand ratio, revenue generation, market share and size, and presence of prominent players in the regions. The report also covers the expansion plans undertaken by companies in the regions under the regional analysis section.
Key regions in the market include:
North America
U.S.
Canada
Europe
U.K.
Italy
Germany
France
Rest of EU
Asia Pacific
India
Japan
China
South Korea
Australia
Rest of APAC
Latin America
Chile
Brazil
Argentina
Rest of Latin America
Middle East & Africa
Saudi Arabia
U.A.E.
South Africa
Rest of MEA
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Emergen Research has segmented the global automotive airbag silicone market on the basis of type, airbag position, vehicle type, and region:
Type Outlook (Revenue, USD Million; 2018–2028)
One-Piece-Woven
Cut-And-Sewn Seam-Sealed
Airbag Position Outlook (Revenue, USD Million; 2018–2028)
Curtain/Side
Front
Knee
Vehicle Type Outlook (Revenue, USD Million; 2018–2028)
Commercial Vehicle
Passenger Cars
What Questions Should You Ask before Buying a Market Research Report?
How is the Automotive Airbag Silicone market evolving?
What is driving and restraining the Automotive Airbag Silicone market?
How will each Automotive Airbag Silicone submarket segment grow over the forecast period and how much revenue will these submarkets account for in 2028?
How will the market shares for each Automotive Airbag Silicone submarket develop from 2021 to 2028?
What will be the main driver for the overall market from 2021 to 2028?
Will leading Automotive Airbag Silicone markets broadly follow the macroeconomic dynamics, or will individual national markets outperform others?
How will the market shares of the national markets change by 2028 and which geographical region will lead the market in 2028?
Who are the leading players and what are their prospects over the forecast period?
What are the Automotive Airbag Silicone projects for these leading companies?
How will the industry evolve during the period between 2020 and 2028? What are the implications of Automotive Airbag Silicone projects taking place now and over the next 10 years?
Is there a greater need for product commercialisation to further scale the Automotive Airbag Silicone market?
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