Press release
Automotive Airbag Silicone Market Detailed Analysis 2020-2025: Dow, Elkem Silicones, Momentive and more.
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The global automotive airbag silicone market size is projected to reach USD 534 million by 2025, from an estimated value of USD 239 million in 2020, at a 17.5% CAGR. This report spread across 157 Pages, Profiling 12 Companies and Supported with 81 Tables and 43 figures are now available in this research.
In emerging countries, the increasing awareness regarding vehicle safety has prompted leading automotive manufactures, such as Toyota, Ford, and Volkswagen, to include frontal airbags in all entry-level cars since 2018. Thus, safety regulations, coupled with the increasing installation rate and growing demand for frontal, curtain/side, and knee airbags, are expected to propel the automotive airbag silicone market in the coming years.
Top Companies Profiled in the Automotive Airbag Silicone Market:
• Dow (US)
• Elkem Silicones (France)
• Shin-Etsu Chemical Co. Ltd. (Japan)
• Wacker Chemie AG (Germany)
• Momentive (US)
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Passive safety systems such as airbags are installed in passenger cars to reduce impact and save occupant lives during accidents. Due to the benefits of airbags and the increasing number of road accidents, governments worldwide are increasingly encouraging the use of airbags to enhance safety in vehicles.
Increasing awareness related to accidental damage and fatalities in rollover cases is expected to offer promising growth opportunities for curtain/side airbags in the commercial vehicles segment. Compared to other positions, the high amount of fabric and silicone required for curtain/side airbags is a major driver for the silicone demand from this segment.
Competitive Landscape of Automotive Airbag Silicone Market:
1 Overview
2 Automotive Airbag Silicone Market Share Analysis, 2019
3 Market Evolution Framework
4 Company Evaluation Quadrant
4.1 Star
4.2 Emerging Leaders
4.3 Pervasive
4.4 Participants
5 Competitive Evaluation Matrix
5.1 Strength Of Product Portfolio
5.2 Business Strategy Excellence
6 Competitive Scenario
6.1 Expansions
6.2 Mergers
7 Right To Win
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Research Coverage:
The study segments the automotive airbag silicone market and forecasts the market size based on airbag position (front, knee, and curtain/side), airbag type (cut-and-sewn seam-sealed (CSSS) and one-piece-woven (OPW)), vehicle type (passenger cars, LCVs, and HCVs ), electric vehicle type (BEVs, PHEVs/FCEVs), and region (North America, Europe, Asia Pacific (APAC), and the Rest of the World (RoW)).
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