Vancouver, BC -- (SBWire) -- 04/15/2021 --The global automotive airbag silicone market size reached USD 237.5 Million in 2020 and is expected to register a CAGR of 15.4% during the forecast period, according to latest analysis by Emergen Research.
The investigative approach applied for the extensive analysis of the sale, gross margin and profit generated by the industry are presented through resources including tables, charts, and graphic images. Importantly, these resources can be easily integrated or used for preparing business or corporate presentations.
Increase in the number of silicone-coated airbags per vehicle is one of the key factors currently driving growth of the global automotive airbag silicone market. In addition, rising demand for electric vehicles is expected to boost market growth over the forecast period. Furthermore, rising demand for curtain/side automotive airbags is expected to support growth of the global automotive airbag silicone market to a significant extent going ahead.
Some Key Highlights in the Report
One-piece-woven segment revenue is expected to expand at a significantly rapid CAGR during the forecast period. Increasing emphasis on diminishing accidental death rate is expected to boost growth of this segment.
The curtain/side segment is expected to register significant revenue growth over the forecast period due to rising usage of airbags to protect chest of adults from side-impact collisions.
Increasing airbag installation in passenger cars to mitigate impact and save passengers' lives in collisions is expected to drive growth of the passenger cars segment, which is expected to lead in terms of revenue contribution to the global automotive airbag silicone market during the forecast period.
The robust presence of domestic and international players such as Toray Industries, Inc., Toyobo Co., Ltd., Mitsubishi Electric Corporation, and DENSO Corporation in countries in Asia Pacific is driving regional market growth, which is expected to account for the fastest share growth among other regional markets during the forecast period.
Key players in the market include Wacker Chemie AG, Robert Bosch GmbH, Continental AG, Mitsubishi Electric Corporation, Kolon Industries, Inc, ZF Friedrichshafen AG, Toray Industries, Inc., Toyobo Co., Ltd., Shin-Etsu Chemical Co., Ltd., and DENSO Corporation.
In September 2018, Shin-Etsu Chemical Co., Ltd. declared investment of USD 1.02 billion in facilities for its silicone business. The objective for such expansion is to broaden the manufacturing capacity of silicone monomers, intermediate silicone component, as well as different kinds of silicone liquids, adhesives, and hard plastic final products at its primary business bases in Japan and worldwide.
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Important Points Mentioned in the Automotive Airbag Silicone Market Study
Manufacturing Analysis: The report initially analyzes the various segments of the market in a brief manner, which includes product types, applications, and so on. Further, the report consists of a separate section wherein an in-depth analysis of the manufacturing process has been provided which has been verified thorough primary information collected by experts of reputed industries as well as the industry analysts.
Sales and Revenue Estimation: By applying several top-down and bottom-up approaches on the previous years' sales and revenue data as well as the present market scenario, the analysts have anticipated the market growth and size in major geographies. The report further includes an all-inclusive study on the applications and end-user industries participating in the market. Furthermore, the report provides crucial data on the regulatory policies and guidelines, as well as the macro-economic factors, that determine the evolution of the market along with predictive analysis.
Demand & Supply Assessment: The report further offers key information on the manufacturing and cost analysis, consumption ration, import/export factors, and product and service distribution.
Competitiveness: The report provides crucial data based on the company profile, product portfolio, product and service cost, potential, and sales and revenue generated by the key pioneers and other leading companies.
Factors such as robust presence of international Automotive Airbag Silicone solutions providers such as Oracle Corporation, TIBCO Software Inc., MicroStrategy Incorporated, and Cloudera, Inc. in countries in North America is expected to drive growth of the market in the region during the forecast period.
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Regional scope- North America; Europe; Asia Pacific; Central & South America; MEA
Type Outlook (Revenue, USD Million; 2018–2028)
One-Piece-Woven
Cut-And-Sewn Seam-Sealed
Airbag Position Outlook (Revenue, USD Million; 2018–2028)
Curtain/Side
Front
Knee
Vehicle Type Outlook (Revenue, USD Million; 2018–2028)
Commercial Vehicle
Passenger Cars
To offer more clarity on the current business environment researchers probe into the import and export status, supply chain management, demand and supply, consumption capability and manufacturing capacity. When assessing the size of the industry special consideration is given to the value and volume of the products and services offered on a year on year basis.
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Key questions answered in the report
What will be the market size in terms of value and volume in the next five years?
Which segment is currently leading the market?
In which region will the market find its highest growth?
Which players will take the lead in the market?
What are the key drivers and restraints of the market's growth?
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Table of content:
Chapter 1. Methodology & Sources
1.1. Market Definition
1.2. Research Scope
1.3. Methodology
1.4. Research Sources
1.4.1. Primary
1.4.2. Secondary
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2019-2028
Chapter 3. Key Insights
Chapter 4. Automotive Airbag Silicone Market Segmentation & Impact Analysis
4.1. Automotive Airbag Silicone Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
4.2.2.1. Growing demand for growing medicinal application
4.2.2.2. Rising legalization of Automotive Airbag Silicone
4.2.2.3. Technological advancement in product invention
4.2.3. Market restraints analysis
4.2.3.1. The complex regulatory framework for the usage of Automotive Airbag Silicone
4.3. Technological Insights
4.4. Regulatory Framework
4.5. Porter's Five Forces Analysis
4.6. Competitive Metric Space Analysis
4.7. Price trend Analysis
4.8. Covid-19 Impact Analysis
Continued…
Automotive Airbag Silicone Market Global Industry Analysis, Size, Share, Trends, Market Demand, Growth, Opportunities and Forecast 2028
The study methodologies used to examine the Automotive Airbag Silicone market for the forecast period, 2020 - 2028 further classifies the industry by type, geography, end-use and end-user to add more precision and bring to light factors responsible for augmenting business development.