Automotive Airbag Fabric Market to grow at a healthy CAGR of 7.0% in 2021

Stratview Research announces the launch of a new research report on Automotive Airbag Fabric Market. This extensive report from Stratview Research, studies Automotive Airbag Fabric Market over the trend period of 2010 to 2015 and forecast period of 2016 to 2021. The report provides detailed insights on the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

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This Automotive Airbag Fabric Market analysis has been segmented in six ways, keeping in mind the interest of all the stakeholders across the value chain.
• By Vehicle Type (Compact Car, Midsize Car, Large Car, MPV and LCV, SUV, Others)- Compact car is expected to remain the largest airbag fabric market.
• By Application Type (Front Airbag, Side Airbag, Knee Airbag, Curtain Airbag, Other Airbags)- Curtain airbag is likely to witness the fastest growth.
• By Yarn Type (Polyamide based Airbag Fabric, Polyester based Airbag Fabric)- Polyamide 6.6 is likely to remain the most dominant yarn type.
• By Coating Type (Neoprene Coated Airbag Fabric, Silicone Coated Airbag Fabric, Non-Coated Airbag Fabric)- Silicon coated airbag fabric is expected to remain the most dominant coating type.
• By Product Type (Flat Airbag Fabric, OPW)
• By Region (North America, Europe, Asia-Pacific, Rest of the World)- China and India are the growth engines of the Asia-Pacific market.

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Automotive Airbag Fabric Market Insights
The global automotive airbag fabric market is likely to grow at a healthy cumulative annual growth rate (CAGR) of 7.0% over the next five years. The demand for airbag is directly proportional to the demand for vehicles, hence, influencing the demand for airbag fabric as well. Increasing production of automobiles fueled by rising disposable income, increasing installation of airbags per car, introduction of more stringent safety standards, and demand for low cost fabrics are driving the airbag fabric market in the automotive industry.

The automotive airbag fabric market is segmented based on vehicle type: Compact Car, Mid-size Car, Large Car, MPV & LCV, SUV, and Others. Compact car is expected to remain the largest airbag fabric market by vehicle type over the next five years, driven by increasing production in the Asia-Pacific and the European regions. The vehicle type (compact car) is also likely to witness the fastest growth during the same period, owing to rising demand in the Asia-Pacific region, mainly in Japan, China, and India, and highlycongested cities in developed countries.

The automotive airbag fabric market is segmented based on following application type: Front airbag, Side airbag, Knee airbag, Curtain airbag, and Other airbags. Curtain airbag has been the largest consumer of airbag fabrics in the global automotive industry. This airbag type is also likely to witness the fastest growth during the forecast period.

The automotive airbag fabric market is segmented based on following yarn type: Polyamide and Polyester yarn. Polyamide 6.6 which is the most widely used yarn for making airbag fabrics, is likely to remain the most dominant yarn type in the global automotive airbag fabric market. However, polyester yarn is expected to grow at a faster rate over the next five years owing to its lower cost and increasing adoption in the knee and curtain airbags, mainly in the US and Europe.

In terms of coating, the automotive airbag fabric market is segmented into Neoprene, Silicone and Non-Coated airbag fabric. Silicon coated airbag fabric is expected to remain the most dominant coating type in the global automotive industry. However, Non-coated airbag fabric, which currently occupies very small market share, is expected to grow at a faster rate in the coming five years.

In terms of region, the automotive airbag fabric market is segmented into North America, Europe, Asia-Pacific and Rest of the World (RoW). Asia-Pacific has been the largest market for airbag fabric in the automotive industry, China, Japan, South Korea, and India being the major markets. China and India are the growth engines of the Asia-Pacific market due to a continuous increase in the demand for vehicles and introduction of stringent safety standards. RoW is expected to grow at the fastest rate owing to upcoming assembly plants and increasing penetration of airbags per cars.

Global Safety Textiles (Hyosung), Toyobo, Toray Industries, Autoliv AB, and ZF TRW are the well-known airbag fabric manufacturers for the automotive industry. New fabric development, advancement in automotive airbag safety features, and collaboration with OEMs are the key strategies adopted by the key players to gain a competitive edge in the market.

Report Features
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights on the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
• Market structure: Overview, industry life cycle analysis, supply chain analysis
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Market trend and forecast analysis
• Market segment trend and forecast
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors.

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