Automotive Airbag Fabric Market is Forecasted to Reach US$ 3.3 billion in 2028, Says Stratview Research

The global automotive airbag fabric market is projected to witness a growth rate of 5.3% annually from 2023 to 2028, with an anticipated size of US$ 3.3 billion by 2028, according to an analysis by Stratview Research.

Stratview Research, a global market research firm has launched a report on the global automotive airbag fabric market which provides a comprehensive outlook of the global and regional market, industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.

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Report Highlights:
Market Size in 2028: US$ 3.3 billion
Growth (CAGR): 5.3% during 2023-2028
Forecast Period: 2023-2028
Trend Period: 2017-2021
Base Year: 2022
Number of Segments Covered: 6
Number of Tables & Graphs: 100+

Segment Insights on the Automotive Airbag Fabric Market:
The global automotive airbag fabric market is segmented based on vehicle type, airbag type, fabric type, coating type, yarn type, and region.

Based on vehicle type - The automotive airbag fabric market is segmented into Cars, C/SUVs, Pickups, Vans, MPVs, and Sports cars.
C/SUV is expected to remain the market's largest and fastest-growing vehicle type in the automotive airbag fabric market owing to increasing demand for SUVs in major Asian countries, such as China and India, and highly congested cities of the developed economies. Rising customer preference for SUVs for their several attractive features, such as spacious interiors, higher ground clearance, and a smooth & comfortable driving experience, is triggering the demand for SUVs and so on airbag fabrics. Also, the fitment rates of airbag fabrics are higher in SUVs compared to standard cars.

Based on the airbag type - The market is segmented into driver airbags, passenger airbags, side airbags, knee airbags, and curtain airbags.
Curtain airbag is expected to remain the dominant and fastest-growing airbag type in the market during the forecast period. Curtain airbags are highly effective in saving occupants from side-impact crashes. They are increasingly being used in developing nations, where frontal airbags already have an excellent penetration level in the automobile fleet. The penetration of curtain airbags in developed nations is significantly higher than that of developing nations like China and India.

Based on the fabric type - The market is segmented into flat fabric and OPW fabric.
OPW fabric is expected to remain the dominant as well as the fastest-growing fabric type in the market during the forecast period. OPW airbag fabrics have high elongation and tensile strength as compared to flat fabric, but they possess comparatively less hardness than flat fabric. OPW airbag fabrics are highly preferred in curtain airbags.

Based on the coating type - The market is segmented into coated fabric and uncoated fabric.
Coated fabric is expected to remain the biggest demand generator in the market during the forecast period. It offers superior properties over uncoated fabric. Silicone elastomer is majorly used as the coating material, as opposed to neoprene, which was previously used for the same purpose. Uncoated fabrics are to register higher growth in the coming years owing to their good tensile strength, high modulus, low shrinkage, excellent creep resistance, dimension stability, increased flexibility, and low cost.

Based on the yarn type - The market is segmented into polyamide fabric and polyester fabric.
Polyamide fabric is anticipated to remain the dominant yarn type in the market during the forecast period. Polyamide 6.6 yarn is the most preferred yarn type in the market owing to its properties, such as elasticity, fatigue resistance, energy absorption, high-tensile strength and wear resistance, high tenacity, small-friction coefficient, and relative density as compared to polyester. Polyester yarn is anticipated to have a higher growth rate in the market owing to an increase in the penetration of side and curtain airbags in vehicles. Another advantage that polyester yarns bring to the table is that they have a significantly lower price than polyamide yarns.

To know the most attractive segments, visit:
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Which Region Shows the Most Promising Growth Forecast and Opportunity?

The analysis suggests that Asia-Pacific is expected to remain the largest market for automotive airbag fabrics during the forecast period. This growth outlook is majorly attributed to the following-
- The rapid expansion of light vehicle production in China and India, the growing awareness of passenger safety, and the introduction of safety standards by the respective governments are the major factors driving the growth of the region.
- However, the Rest of the World is expected to grow at the fastest rate owing to upcoming assembly plants and the increasing penetration of airbags per car.

Automotive Airbag Fabric Market Drivers:

Some of the key drivers listed in the report are given below.
- An increase in light vehicle production, especially in China and India, growing awareness about vehicle safety, and increasing safety standards/regulations regarding the deployment of airbags in automobiles are the major drivers of the airbag fabric market.

Top Companies in the Automotive Airbag Fabric Market:
Stratview Research has identified the following companies as the top market players (Based on Dominance).
• Toray Industries, Inc.
• Hyosung Corporation.
• Kolon Industries, Inc.
• HMT (Xiamen) New Technical Materials Co., Ltd.
• Indorama Ventures

What Unique Insights Does this Report Offer?

This report provides comprehensive insights into the Automotive Airbag Fabric Market, answering critical questions like:

• How big is the sales opportunity?
• Which regions offer the best sales opportunities?
• Which are the most attractive market segments?
• Which are the top players and their market positioning?
• How complex is the business environment?
• What are the factors affecting the market?

For Customization or Any Other Queries, Get in Touch with Our Industry Experts at - sales@stratviewresearch.com

Related Reports:

• Automotive Airbag Yarn Market: https://www.stratviewresearch.com/126/automotive-airbag-yarn-market.html

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Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.
It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to take convincing business decisions.
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This release was published on openPR.