Market Size – USD 237.5 Million in 2020, Market Growth – at a CAGR of 15.4%, Market Trends – Increasing demand for curtain/side automotive airbags.
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.
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Some Key Highlights in 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.
- 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.
- In September 2018, Shin-Etsu Chemical Co., Ltd. declared investment of USD 1.02 billion in facilities for its silicone business. The objective for such expansion is to broaden the manufacturing capacity of silicone monomers, intermediate silicone component, as well as different kinds of silicone liquids, adhesives, and hard plastic final products at its primary business bases in Japan and worldwide.
The report further sheds light on the broad geographical fragmentation of the global Automotive Airbag Silicone market, as well as various market segments and sub-segments categorized into product types, applications, and end-users. The regional overview in the global market report comprises the market size, value, share, volume, and cost analysis related to each region.
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)
- Cut-And-Sewn Seam-Sealed
- Airbag Position Outlook (Revenue, USD Million; 2018–2028)
- Vehicle Type Outlook (Revenue, USD Million; 2018–2028)
- Commercial Vehicle
- Passenger Cars
- North America
- Latin America
- Asia Pacific
- Middle East & Africa
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Focal Points of the Global Automotive Airbag Silicone Market Report:
- Market Coverage: This section of the report covers significant details on the key manufacturers, vital market segments, product innovation scope, and the forecast years. Additionally, it describes in detail the range of the product and the global Automotive Airbag Siliconemarket segmentation based on product type and application spectrum.
- Executive Summary: In this chapter, the global market growth rate, competitive landscape, drivers and constraints, trends, limitations, and the key market segments have been discussed at length.
- Regional Analysis: The report offers meaningful insights into the import and export trends, production and consumption capacities, estimated revenue share, and key players of each region dominating the market
- Competitive Landscape:The report also discusses the course of development of each market player in this industry vertical during the forecast period. It further details on the firms, industries, organizations, vendors, and local manufacturers engaged in this industry. The leading products and services to gain global and regional market shares form the competitive landscape of the Automotive Airbag Silicone industry.
- Manufacturers’ portfolios: This section includes detailed information regarding the product portfolio of each local and global manufacturer, their strengths and weaknesses, product profiles, production value and capacity, and other vital information.
Table of Content
Chapter 1. Methodology & Sources
1.1. Market Definition
1.2. Research Scope
1.4. Research Sources
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2021–2028
Chapter 3. Key Insights
Chapter 4. Automotive Airbag Silicone Market Segmentation & Impact Analysis
4.1. Automotive Airbag Silicone Market Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
188.8.131.52. Growing number of silicone-coated airbags per vehicle
184.108.40.206. Growing demand for electric vehicles
220.127.116.11. Rising installation of airbags in commercial vehicles
18.104.22.168. Increasing passenger vehicle sales and production
4.2.3. Market restraints analysis
22.214.171.124. The high cost of raw material
126.96.36.199. Concerns regarding product reliability
4.3. Technological Insights
4.4. Regulatory Framework
4.5. Porter’s Five Forces Analysis
4.6. Competitive Metric Space Analysis
4.7. Price trend Analysis
4.8. Covid-19 Impact Analysis
Chapter 5. Automotive Airbag Silicone Market By Type Insights & Trends, Revenue (USD Million)
5.1. Type Dynamics & Market Share, 2021–2028
5.1.2. Cut-And-Sewn Seam-Sealed
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