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Automotive Airbag Silicone Market : Size, Share & Forecast by Airbag Position, Type, and Vehicle Type (2023-2032)
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COVID-19 Impact Analysis
The COVID-19 pandemic has affected the entire automotive airbag silicone industry negatively by disrupting the supply chain and ensuring social distancing regulations and restrictions on the number of labors resulting in labor shortages in all industries and sectors. The description on the airbag and airbag fabric manufacturing process had a considerable impact on silicone demand at the beginning of the COVID-19 pandemic.
The funding for R&D is expected to be reduced, which will hamper the innovation of automotive airbag silicone market. However, companies are taking precautionary measures to tackle the adverse effects of the outbreak.
Top Impacting Factors
Growth in airbag installation rate in commercial vehicles, the stringent safety regulations along with rising installations and growing awareness around vehicle safety systems drive the growth of the global automotive airbag silicone market.
Increase development of active safety systems and high cost coupled with the raw material hinder the growth of the global automotive airbag silicone market.
Growth in demand for electric vehicles provide lucrative opportunities for the global automotive airbag silicone market.
Market Trends
Airbags Design with Silicone Rubber Fabric Coatings
An airbag is a vehicle occupant restraint system that uses an airbag designed to inflate quickly and then deflate rapidly in the event of a collision. Lighter weight, lower stiffness, and improved packaging options, as well as higher performance and lower cost, are typical design requirements for airbag systems today.
Therefore, OEMs are designing airbags with customer needs in mind. Thus, innovative airbag design with silicone rubber fabric lining and seam sealant is an emerging trend in the automotive airbag silicone market.
The silicone rubber fabric liner and seam sealer contribute to the integrity of the airbag design which improves the occupant protection and safety in the event of a collision. This innovative product is expected to meet the industry and regulatory requirements and is suitable for cutting, seam sealing (CSSS), and one-piece woven (OPW) airbags.
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It can be included in side curtain airbags, front center airbags, knee cushion airbags, front airbags (driver and passenger), and side airbags. Therefore, the use of airbags with silicone rubber liners in all the commercial and upcoming electric vehicles is expected to bring revolutionary changes to the market and promote the growth of the overall automotive airbag silicone market during the forecast period.
Thus, the adoption of airbags with silicon-rubber coating in all vehicles is expected to bring a revolutionary change in the market and will boost the growth of the overall automotive airbag silicone market during the forecast period.
Key Benefits of the Report:
This study presents the analytical depiction of the automotive airbag silicone industry along with the current trends and future estimations to determine the imminent investment pockets.
The report presents information related to key drivers, restraints, and opportunities along with challenges of automotive airbag silicone market.
The current market is quantitatively analyzed to highlight the growth scenario of the automotive airbag silicone market.
The report provides a detailed automotive airbag silicone market analysis based on competitive intensity and the that competition will take shape in coming years.
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Questions Answered in the Automotive Airbag Silicone Market Research Report:
Who are the leading market players active in the automotive airbag silicone market?
What would be the detailed impact of COVID-19 on the market?
What are the current trends that would influence the market in the next few years?
What are the driving factors, restraints, and opportunities in the automotive airbag silicone market?
What are the future projections that would help in taking further strategic steps?
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies, and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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