Global Automotive Airbag Silicone Market Technology, Product Scope, Demand, Business Scenario, Trends, Share, Application, Type and Forecast 2020–2027

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.

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Initially, demand for airbags was restricted in most regions to frontal airbags. In2012, however, the EU required the introduction, in addition to frontal airbags, of head-protecting airbags and side airbags, which propelled the market for curtain/side and other airbag styles. Growth in the industry is expected to be driven by rising sales of premium cars with more safety options, including 5-8 airbags per car, combined with increasing demand and penetration of other airbag styles in passenger vehicles.

In the coming years, strict safety regulations are expected to drive the Vehicle Airbag Silicone Market, along with growing instals and increasing demand for frontal, curtain/side, and knee airbags. Rise in demand for electric vehicles and rising airbag penetration in commercial vehicles are projected to provide market players with growth opportunities during the forecast period.

The Asia Pacific is expected to lead the market in the forecast period 2020-2025. Increased demand in countries like China, Japan, South Korea, and Thailand can be attributed to international development due to cost-effectiveness and regional airbag firms optimizing their presence to reduce supply chain costs. On the other hand, because of the lack of supplier involvement, countries such as India are highly dependent on outsourcing to meet the demand for fabric and automotive airbag silicone.

The high number of road crashes and associated deaths and rising public protection issues are the key factors driving demand in the Asia Pacific region for automobile airbags. In addition, stricter rules and regulations are coming up in Asia Pacific countries to limit road fatalities.

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During activation, airbags generate heat that can increase the risk of burning the occupants. Without the airbag ripping or tearing during deployment, applying a silicone coating to the airbag will dissipate/contain this heat.

Electric vehicle demand is pushing car manufactures to invest in technologies for electric cars. Different investment plans have been announced by several OEMs to build and launch new electric vehicles. Growing customer demand for electric cars is projected to provide the automotive airbag silicone industry with a growth opportunity during the forecast period.

The need and number of airbags per car is expected to decrease with the increasing penetration of these devices to prevent injuries. During the forecast era, this estimated decrease in airbags per car is expected to hamper the demand for silicones and hamper the need for automotive silicone airbags.

Key Market Players

Wacker Chemie AG (Germany)
Dow Corning Corporation (U.S.)
Momentive (U.S.)
Elkem Silicone (U.S.)
Shin-Etsu Chemical Co., Ltd. (Japan)
Rogers Corporation (U.S.)
Nusil (U.S.)
Bostik (U.S.)
Evonik Industries AG (Germany)
KCC Corporation (South Korea)
ACC Silicones Ltd (U.K)
CSL Silicone Inc. (Canada)
Kaneka Corporation (Japan)

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