Automotive Airbag Silicone Market Demand, Size, Share, Scope & Forecast To 2028
Growing number of silicone-coated airbags per vehicle and increasing demand for electric vehicles are some key factors driving global automotive airbag silicone market growth.
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.
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.
- The robust presence of domestic and international players such as Toray Industries, Inc., Toyobo Co., Ltd., Mitsubishi Electric Corporation, and DENSO Corporation in countries in Asia Pacific is driving regional market growth, which is expected to account for the fastest share growth among other regional markets during the forecast period.
Key competitors research by Emergen research
The assessment has been done based on primary and secondary research with a special focus on technological advancements, prominent industry players and suppliers, and distributors operating in the industry. The report is formulated to assist the readers better understand the overall market and make well-informed decisions.
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.
The Global Automotive Airbag Silicone Market report assesses the historical and current data along with a thorough analysis of the market dynamics. The report also sheds light on the significant market growth driving and restraining factors that are anticipated to influence the market growth through the forecast period.