Global Automotive Airbag Silicone market accounted for $203.50 million in 2019 and is expected to reach $846.28 million by 2027 growing at a CAGR of 19.5% during the forecast period. Growing demand for electric vehicles, advantages offered by silicone-coated airbags, and the increasing number of airbags per vehicle are some of the key driving factors for the market growth.
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By geography, Asia Pacific is going to have lucrative growth during the forecast period due to cost-effectiveness, regional airbag companies maximizing their presence to minimize supply chain costs, a high number of road accidents and related fatalities, increasing consumer concerns over safety and stringent rules and regulations to reduce road fatalities.
Some of the key players profiled in the Automotive Airbag Silicone include Dow, Ammeraal Beltech, Chukoh Chemical Industries, LTD, Elkem Silicones, Momentive, Shenzhen Square Silicone Co., Ltd, Shin-Etsu Chemical Co., Ltd, Silicone Engineering Ltd, Wacker Asahikasei Silicone Co., Ltd, Wacker Chemie AG, Zodiac Automotive, Robert Bosch GmbH, Hyundai Mobis, Joyson Safety Systems, TORAY Industries, Toyobo Co., Ltd, Autoliv Inc, Milliken & Company, Denso Corporation, Mitsubishi Electric Corporation and Continental AG .
Airbag Types Covered in Automotive Airbag Silicone Market
• Cut-and-Sewn Seam-Sealed (CSSS)
• One-Piece-Woven (OPW)
Airbag Positions Covered:
• Curtain/Side
• Front
• Knee
Vehicle Types Covered:
• Commercial Vehicles
• Passenger Cars
Electrical Vehicles Covered:
• Battery Electric Vehicle (BEVs)
• Plug-in Hybrid Electric Vehicle (PHEVs)/Fuel Cell Electric Vehicle (FCEVs)
Types Covered:
• Methylbenzene
• Xylene
Level of Autonomy Covered:
• Level 4
• Level 5
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