$500+ Million Automotive Airbag Silicone Market by Airbag Position, Airbag Type, ICE & Electric Vehicle, Autonomy Level and Region - Global Forecast to 2025 - ResearchAndMarkets.com

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The "Automotive Airbag Silicone Market by Airbag Position (Front, Knee, Curtain/Side), Airbag Type (Cut-&-Sew Seam Sealed & One-piece-woven), ICE & Electric Vehicle (Passenger Car, LCV, HCV, BEV & PHEV/FCEV), Autonomy Level and Region - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.

The Global Automotive Airbag Silicone Market Size is Projected to Reach USD 534 Million by 2025, from an Estimated Value of USD 239 Million in 2020, at a 17.5% CAGR

Initially, the demand for airbags was limited to frontal airbags in most regions. However, in 2012, the EU mandated the inclusion of head-protecting airbags and side airbags in addition to frontal airbags, which propelled the demand for curtain/side and other types of airbags. The increasing sale of luxury vehicles with more safety options, including 5-8 airbags per vehicle, combined with the increasing demand and penetration of other types of airbags in passenger vehicles is expected to drive growth in the market.

In emerging countries, the increasing awareness regarding vehicle safety has prompted leading automotive manufactures, such as Toyota, Ford, and Volkswagen, to include frontal airbags in all entry-level cars since 2018. Thus, safety regulations, coupled with the increasing installation rate and growing demand for frontal, curtain/side, and knee airbags, are expected to propel the automotive airbag silicone market in the coming years.

The passenger car airbag silicone market is expected to be the largest owing to high penetration of airbags per passenger car.

Passive safety systems such as airbags are installed in passenger cars to reduce impact and save occupant lives during accidents. Due to the benefits of airbags and the increasing number of road accidents, governments worldwide are increasingly encouraging the use of airbags to enhance safety in vehicles. This growth in passenger car airbag demand has driven the requirement for automotive airbag silicone from the passenger car segment over the years.

Moreover, with recent mandates in developing countries for airbags and expected mandates from countries including China and the US for curtain/side airbags, airbags' penetration is expected to reach up to five to seven airbags per vehicle. This growth is expected to raise the demand for airbag silicone and result in the passenger car segment dominating the global automotive airbag silicone market.

The curtain/side airbag position segment is expected to be the fastest-growing segment throughout the forecast period.

Increasing awareness related to accidental damage and fatalities in rollover cases is expected to offer promising growth opportunities for curtain/side airbags in the commercial vehicles segment. Compared to other positions, the high amount of fabric and silicone required for curtain/side airbags is a major driver for the silicone demand from this segment.

The Asia Pacific is projected to be the largest regional market

The Asia Pacific region-particularly China, Thailand, Japan, South Korea, India, and Vietnam - offers economical manufacturing options for global airbag and airbag fabric manufacturers, and the Asia Pacific automotive airbag silicone market is majorly driven by the presence of large capacity airbag fabric manufacturers in the region.

Moreover, increasing production and sales of vehicles and the implementation of stringent safety regulations to reduce road fatalities are also expected to drive market demand. Silicone improves airbag fabrics' strength and lifespan; therefore, the increasing demand for airbags is directly driving the demand for airbag silicone in this region.

Dow (US), Elkem Silicones (France), Shin-Etsu Chemical Co., Ltd. (Japan), Wacker Chemie AG (Germany), and Momentive (US)are the leading manufacturers of automotive airbag silicone in the global market.

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View source version on businesswire.com: https://www.businesswire.com/news/home/20201201005617/en/

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