Press release
Emerging Trends to Drive Automotive Airbags Silicone Market Growth at 19.7% CAGR Through 2029
Automotive Airbags Silicone Market
Automotive Airbags Silicone Market Size Growth Forecast: What to Expect by 2025?
The growth in the size of the automotive airbags silicone market has been swift in the preceding years. It is estimated to escalate from a value of $446.78 billion in 2024 to an approximate $524.86 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 17.5%. This growth in the historical period is believed to be due to obligatory safety regulations, expansion in the automobile sector, emphasis on passenger safety, worldwide branching of automobile supply chains, and heightened consumer expectations for safety aspects.
How Will the Automotive Airbags Silicone Market Size Evolve and Grow by 2029?
Anticipated to experience a swift expansion in the coming years, the automotive airbags silicone market is projected to reach a worth of $1076.46 billion by the year 2029, with a Compound Annual Growth Rate (CAGR) of 19.7%. Factors driving growth during this projection window include an increase in the adoption of autonomous and electric vehicles, tightening emission standards, the incorporation of advanced sensors, a rising demand for high-performance vehicles, as well as a shift towards smart materials. The upcoming trends for this period envisage extensive research and development in sustainable materials, worldwide collaborations in automotive manufacturing, innovations in silicone materials, advanced technological enhancements in airbag systems, and the digitalization of safety systems.
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What Drivers Are Propelling the Growth of Automotive Airbags Silicone Market Forward?
The imposition of mandatory airbags in front seats for vehicles is anticipated to fuel the growth of the automotive airbag silicone market in the forthcoming years. Airbags, intricate devices which operate in conjunction with a vehicle's metal body and seatbelts to safeguard occupants, have been made obligatory, particularly in the front seats. This is on account of the significant injury risk faced by the driver and the occupants of the first seats in the event of a collision or accident. For example, in India, vehicles produced from 1st April 2021 onwards for new models, and from 1st June 2021 for existing models, are required to be equipped with airbags for passengers seated in the front, besides the driver. Consequently, the enforcement of compulsory airbags for front seats in vehicles is propelling the market.
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Which Emerging Trends Are Transforming the Automotive Airbags Silicone Market in 2025?
The expansion of active safety systems is likely to impede the growth of the automotive airbag silicone market. These systems, designed to avoid accidents, are persistently engaged while the car is running and maintain consistent efforts to keep passengers safe from accidents. They comprise automatic emergency braking (AEB), forward collision warning (FCW), active cruise control (ACC), lane departure warning (LDW), lane-keeping assist (LKA), blind-spot monitoring, and rear cross-traffic alert (RCTA). Data from Consumer Reports in 2022, surveying over 47,000 Cr car owners, indicated 72% satisfaction with Rear Cross Traffic Warning (RCTW), 64% with Blind Spot Warning (BSW), 63% with Adaptive Cruise Control (ACC), and 59% with Automatic Emergency Braking (AEB). The escalating advancement of these active safety systems can negatively affect the automotive airbag silicone market.
What Are the Key Segments in the Automotive Airbags Silicone Market?
The automotive airbags silicone market covered in this report is segmented -
1) By Airbag Type: Cut-and-Sewn Seam-Sealed (CSSS), One-Piece-Woven (OPW)
2) By Airbag Position: Front, Knee, Curtain/Side, Other Airbag Positions
3) By Vehicle Type: Passenger Cars, LCV, HCV
Subsegments:
1) By Cut-And-Sewn Seam-Sealed (CSSS): Standard CSSS Airbags, Specialty CSSS Airbags, Custom-Fit CSSS Airbags
2) By One-Piece-Woven (OPW): Standard OPW Airbags, High-Performance OPW Airbags, Custom-Fit OPW Airbags
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Who Are the Key Players Shaping the Automotive Airbags Silicone Market's Competitive Landscape?
Major companies operating in the automotive airbags silicone market include The Dow Chemical Company, Elkem Silicones LLC, Shin-Etsu Chemical Co. Ltd., Wacker Chemie AG, Toray Industries Inc., Toyobo Co. Ltd., Zodiac Aerospace SAS, Porcher Industries SA, Momentive Performance Materials Inc., KCC Corporation, Sil-More Industrial Ltd., NuSil Technology LLC, Specialty Silicone Products Inc., Quantum Silicones LLC, Reiss Manufacturing Inc., BlueStar Silicones, Kaneka Corporation, Evonik Industries AG, Shenzhen Polysilicon Technology Co. Ltd., LSR-Asia Pte Ltd, MESGO S.p.A., ACC Silicones Ltd., Rogers Corporation, Gelest Inc., Hexpol Compounding LLC
What Geographic Markets Are Powering Growth in the Automotive Airbags Silicone Market?
The countries covered in the automotive airbags silicone market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain
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