Press release
Automotive Airbag Silicone Market Analysis, Trends, Growth, Research And Forecast 2032
Automotive Airbag Silicone Market
The Business Research Company's Automotive Airbag Silicone Global Market Report 2023 identifies airbags are made mandatory in front seats for vehicles as the major driver for the template market's growth in the forecast period. Airbags are complex devices that work with a vehicle's metal body and seatbelts to protect occupants and therefore it is made mandatory for vehicles to have airbags at least in front seats as occupants and driver seating in the first seats are at high risk of injury when there is any collision or accident.
The global automotive airbag silicone market grew from $318.75 billion in 2022 to $374.53 billion in 2023 at a compound annual growth rate (CAGR) of 17.50%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The automotive airbag silicone market size is expected to grow to $724.06 billion in 2027 at a CAGR of 17.92%.
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Major competitors in the template market are Dow, Elkem Silicones, Shin-Etsu Chemical, Wacker Chemie AG, TORAY Industries, Toyobo, Zodiac, and Porcher Industries.
A key trend in the template market includes innovative airbag design with silicone rubber fabric coatings. Silicone rubber fabric coatings and seam sealants help airbag design integrity to enhance occupant impact protection and safety. For instance, Dow's SILASTIC™ silicone engineered elastomers are proven, effective solutions for advanced airbag design. This innovative product meets industry and regulatory requirements for use on cut-and-sewn, seam-sealed (CSSS) airbags and one-piece-woven (OPW) airbags. It can be included in side curtain airbags, front-centre airbags, knee-bolster airbags, frontal airbags (driver and passenger) and side airbags.
Read More On The Global Automotive Airbag Silicone Market Report Here:
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The template market is segmented -
• By Airbag Type: Cut-and-Sewn Seam-Sealed (CSSS), One-Piece-Woven (OPW)
• By Airbag Position: Front, Knee, Curtain/Side, Other Airbag Positions
• By Vehicle Type: Passenger Cars, LCV, HCV
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the template market.
The Business Research Company's "Global Automotive Airbag Silicone Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Automotive Airbag Silicone Market Include:
1. Executive Summary
2. Automotive Airbag Silicone Market Characteristics
3. Automotive Airbag Silicone Market Trends And Strategies
4. Automotive Airbag Silicone Market - Macro Economic Scenario
5. Automotive Airbag Silicone Market Size And Growth
……
26. Africa Automotive Airbag Silicone Market
27. Automotive Airbag Silicone Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Automotive Airbag Silicone Market
29. Automotive Airbag Silicone Market Future Outlook and Potential Analysis
30. Appendix
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