Press release
Airbag Propellant Chemicals Market Research Report 2023 -- Valuates reports
Airbag propellant chemicals are basically used to achieve fast swelling of an airbag when the sensor of a vehicle detects the accident if there would be an occurrence of a crash. This chemical reacts and disintegrates suddenly in order to create enough measure of required gas for the prompt swelling and flattening of the airbags. If there should arise an occurrence of a crash, airbag's electrical circuit passes flow towards the warming component which thus causes the concoction blast through which certain measure of gas is produced in order to swell the airbags.The global Airbag Propellant Chemicals market was valued at US$ million in 2022 and is anticipated to reach US$ million by 2029, witnessing a CAGR of % during the forecast period 2023-2029. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
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North American market for Airbag Propellant Chemicals is estimated to increase from $ million in 2023 to reach $ million by 2029, at a CAGR of % during the forecast period of 2023 through 2029.
Asia-Pacific market for Airbag Propellant Chemicals is estimated to increase from $ million in 2023 to reach $ million by 2029, at a CAGR of % during the forecast period of 2023 through 2029.
The key global companies of Airbag Propellant Chemicals include Island Pyrochemical Industries (IPI), Corvine Chemicals & Pharmaceuticals, Island Veer Chemie, Sanming Coffer Fine Chemical Industrial and Daicel Safety System, etc. In 2022, the world's top three vendors accounted for approximately % of the revenue.
Report Scope
This report aims to provide a comprehensive presentation of the global market for Airbag Propellant Chemicals, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Airbag Propellant Chemicals.
The Airbag Propellant Chemicals market size, estimations, and forecasts are provided in terms of output/shipments (K MT) and revenue ($ millions), considering 2022 as the base year, with history and forecast data for the period from 2018 to 2029. This report segments the global Airbag Propellant Chemicals market comprehensively. Regional market sizes, concerning products by type, by application and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Airbag Propellant Chemicals manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by type, by application, and by regions.
Key Segmentations
By Company
-Island Pyrochemical Industries (IPI)
-Corvine Chemicals & Pharmaceuticals
-Island Veer Chemie
-Sanming Coffer Fine Chemical Industrial
-Daicel Safety System
Segment by Type
-5-amino tetrazole
-Sodium Azide
-Ammonium Nitrate
-Potassium Nitrate
-Ammonium Perchlorate
-Others
Segment by Application
-Aircraft
-Marine
-Automotive
-Others
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