Global Automotive Airbags Silicone Market 2024 , Forecast To 2033
7 Mar, 2024
The automotive airbags silicone market (5) has experienced rapid growth, increasing from $383.22 billion in 2023 to $452.56 billion in 2024 at a CAGR of 18.1%, driven by safety regulations and consumer expectations. Looking ahead, the market is expected to continue growing, reaching $902.83 billion in 2028 at a CAGR of 18.8%, fueled by autonomous vehicles and stricter emissions standards, with major trends including R&D in sustainable materials and technological advancements.
Global Automotive Airbags Silicone Market Key Driver
Airbags are made mandatory in front seats for vehicles and this factor is expected to drive the automotive airbag silicone market during the forecast period (48). Airbags are complex devices that work with a vehicle’s metal body and seatbelts to protect occupants and therefore it is made mandatory for vehicles to have airbags at least in front seats as occupants and driver seating in the first seats are at high risk of injury when there is any collision or accident (49). For instance, in India, vehicles manufactured on and after the 1st Day of April 2021, in the case of new models, and the 1st day of June 2021, in the case of existing models, shall be fitted with airbags for the person occupying the front seat, other than the driver (50). Thus, making airbags compulsory for front seats in vehicles is driving the market (51).
Get A Free Sample Of The Global Automotive Airbags Silicone Market ReportGlobal Automotive Airbags Silicone Market Segments
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
By Geography: 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
Asia-Pacific was the largest region in the automotive airbag silicone market in 2023.The regions covered in the automotive airbags silicone market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, Africa.
Major Automotive Airbags Silicone Industry Players
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.; Greco Brothers Inc.; ACC Silicones Ltd.; Rogers Corporation; Kibaru Manufacturing Sdn Bhd; Gelest Inc.; Master Bond Inc.; Ferro Corporation; Hexpol Compounding LLC
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Automotive Airbags Silicone Market Overview
Automotive airbags silicone offers thermal resistance, slip resistance, and crash protection. Because airbags generate heat, passengers in the car are at risk of being burned; therefore, applying a thin layer of silicone to the airbag will help protect the fabric from heat and prevent passenger burns.