Automotive Airbag Fabric Market estimated to grow at 7.0% CAGR in the forecast period (2016-2021)

Summary:
The report on the Automotive Airbag Fabric Market by Stratview Research is an all-inclusive report that talks about the market structure and growth in the forecast period of 2016-2021. The report also offers insights into different market segments and other factors affecting the market.

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Stratview Research’s report states about the segment-wise current market condition, and also offers an estimation about future growths. The report has been generated after accumulating data from various authenticated sources such as journals, white papers, fact book, etc. As per the estimation, Automotive Airbag Fabric Market is expected to inflate at impressive CAGR of 7.0% by the forecast period (2016– 2021).

As per the report, the market is segmented by:
• By Vehicle Type: Compact Car, Midsize Car, Large Car, MPV and LCV, SUV, Others
• By Application Type: Front Airbag, Side Airbag, Knee Airbag, Curtain Airbag, Other Airbags
• By Yarn Type: Polyamide based Airbag Fabric, Polyester based Airbag Fabric
• By Coating Type: Neoprene Coated Airbag Fabric, Silicone Coated Airbag Fabric, Non-Coated Airbag Fabric
• By Product Type: Flat Airbag Fabric, OPW (one-piece woven) Airbag Fabric
• By Region: North America, Europe, Asia-Pacific, Rest of the World

The Table of Contents can be gone through here:
https://www.stratviewresearch.com/toc/125/automotive-airbag-fabric-market.html

Highlights of the Report:

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 highly congested 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.

Key Players of the Market
The market is consolidated in nature with five major players Asahi Kasei Co., Ltd, Autoliv AB, Global Safety Textiles (Hyosung), HMT (Xiamen) New Technical Materials Co., Ltd, Kolon Industries holding together the major share in the market, with Asahi Kasei Co., Ltd being the key player.
Other important firms are Takata Corporation, Teijin Limited, Toray Industries, Toyobo Co., Ltd., Toyota Boshoku Corporation, ZF TRW.

Features of the Report
The Report discusses about the working of the Airbag Fabric, the various types, and the growth of the Airbag Fabric in the global market. Here are the key features of the report:
• Strategic Segmentation
• Competitive Analysis
• Strategic Growth Opportunities
• Swot Analysis
• Key Players
• Forecast Analysis & Future Growth

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This release was published on openPR.