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
[157 Pages Report] The global automotive airbag silicone market size is projected to grow from USD 239 million in 2020 to USD 534 million by 2025 at a 17.5% CAGR. The increasing number of airbags per vehicle and advantages offered by silicone-coated airbags are expected to boost the automotive airbag silicone market. The growing demand for electric vehicles and the increasing installation of airbags in commercial vehicles is anticipated to offer promising growth opportunities for automotive airbag silicone during the forecast period.
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COVID-19 Impact on Market
The COVID-19 pandemic and the subsequent decline in airbag fabric production have severely impacted the entire automotive airbag silicone industry. This impact has caused a global supply chain disruption in terms of material components. Major airbag fabric manufacturing and silicone provider companies such as Toray Industries Inc, Global Safety System, UTT Technische Textilien GmbH & Co KG, TOYOBO Co. Ltd., Porcher Industries, Autoliv, and ZF TRW stopped production partially or fully during the lockdown period.
Disruption in airbag fabric and airbag manufacturing processes have impacted silicone demand by a considerable margin at the start of the COVID-19 pandemic; despite this, the airbag fabric manufacturing industry is expected to recover in the last quarter of 2020 completely. Furthermore, due to the COVID-19 pandemic, airbag fabric and silicone provider companies are likely to reduce financial investments in R&D activities related to automotive airbag silicone. However, a steady recovery post-2020 in airbag fabric and airbag production is projected to support the automotive airbag silicone market's growth in the coming years.
Market Dynamics
DRIVER: Advantages offered by silicone-coated airbags
Airbags create heat during deployment that can increase the risk of occupants getting burnt. Adding a silicone coating to the airbag can dissipate/contain this heat without the airbag ripping or tearing during deployment. Airbags treated with a silicone coating also allow quick deflation once the peak inflation pressure is reached, along with added benefits such as thermal resistance and airbag protection compared to alternatives like neoprene coating. Additionally, silicone's excellent compatibility with widely used airbag fabrics like nylon allows it to form a protective layer against moisture and remain chemically inert. These advantages are expected to fuel the demand for automotive airbags made from silicone-coated fabric.
RESTRAINT: Increasing development of active safety systems
These systems' development and installation rates are increasing across the globe in passenger vehicles to improve safety. The increasing penetration of these systems to mitigate accidents is expected to reduce the need and number of airbags per vehicle. This expected reduction in airbags per vehicle is expected to hamper the demand for silicones and hinder the automotive airbag silicone market during the forecast period.
OPPORTUNITY: Growing demand for electric vehicles
The demand for electric vehicles is driving automakers to invest in electric vehicle technology. Several OEMs have announced various investment plans to develop and launch new electric models. For example, Ford announced investments worth USD 11 billion in electric vehicles by 2022. The company plans to lineup 40 EVs by 2022, 16 would be fully electric, and 24 would be PHEVs. In 2019, German car giant Volkswagen AG announced investments totaling USD 66.3 billion over the next five years to produce more electric and hybrid vehicles, with a plan to roll out 75 completely electric models and 60 hybrid models. MG Motor has also planned to invest USD 500 million in 2020 to develop, manufacture, and sell EVs in India. The increasing demand for electric vehicles among consumers is expected to create a growth opportunity for the automotive airbag silicone market during the forecast period.
CHALLENGE: Issues related to cost in price-sensitive markets
Safety regulations have led to several advancements in automotive safety technologies. This, however, has resulted in high compliance costs as regulatory bodies, such as the NHTSA and Euro NCAP, are promoting the use of passive safety systems to decrease road fatalities. In price-sensitive markets such as India, South Africa, Brazil, and other ASEAN countries, automakers struggle to provide passive safety systems to comply with safety regulations while maintaining a balance between performance and price.
Passenger cars' cost has increased with the addition of new safety features such as airbags, seat belt reminders, and reverse parking sensors apart from mandatory third-party insurance. These safety systems are estimated to increase the overall cost of the vehicle by around 8-10%. OEMs in price-sensitive markets provide just one or two airbags to adhere to mandates, as more airbags increase the overall price of the vehicle. This is expected to challenge the growth of the automotive airbag silicone market during the forecast period.
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The curtain/side segment is estimated to be the largest market during the forecast period
The curtain/side segment is estimated to dominate the automotive airbag silicone market by Airbag position in 2020. Designed to help protect an adult's chest in a serious side-impact crash, and in the event of a rollover, these airbags are mounted on the side of the seat or the door, usually on the roof rail above the side windows. Side airbags are estimated to reduce serious chest injuries in side-impact collisions by approximately 25%. Curtain/side airbags form a cushion between the occupant and the window, which helps protect the occupant's head from striking the side of the car. Improved lifestyles and rising disposable income, high vehicle production and sales rates, and increasing awareness about rollover impact fatalities have helped support market growth in this region
The passenger cars segment is projected to be the largest market during the forecast period
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.
Asia Pacific is estimated to be the largest market throughout 2025
The regional growth can be attributed to higher production in countries including China, Japan, South Korea, and Thailand due to cost-effectiveness and regional airbag companies maximizing their presence to minimize supply chain costs. On the other hand, countries like India are majorly dependent on outsourcing to meet the demand for fabric and automotive airbag silicone due to the lack of suppliers' presence.
The high number of road accidents and related fatalities and increasing consumer concerns over safety are the major factors driving the demand for automotive airbags in Asia Pacific. Additionally, countries in Asia Pacific are coming up with stringent rules and regulations to reduce road fatalities. For instance, in 2019, the Indian Ministry of Road Transport and Highways mandated installing airbags in all four-wheelers that come off the production line after July 1, 2019. The expected increase in demand for airbags in India and the ASEAN countries is likely to fuel the expansion of airbag fabric manufacturers and silicone providers and further drive the automotive airbag silicone market.
Key Market Players
Dow (US), Elkem Silicones (France), Shin-Etsu Chemical Co., Ltd. (Japan), Wacker Chemie AG (Germany), and Momentive (US). These companies adopted expansion strategies and used mergers & acquisitions to gain traction in the automotive airbag silicone market.
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|
Report Metric |
Details |
|
Market size available for years |
2020–2025 |
|
Base year considered |
2019 |
|
Forecast period |
2020–2025 |
|
Forecast units |
Value (USD Million) |
|
Segments covered |
By airbag position, airbag type, vehicle type, electric vehicle, and region |
|
Geographies covered |
Asia Pacific, Europe, North America, and Rest of the World |
|
Companies covered |
Dow (US), Elkem Silicones (France), Shin-Etsu Chemical Co., Ltd. (Japan), Wacker Chemie AG (Germany), and Momentive (US). |
The study categorizes the automotive airbag silicone market based on airbag position, airbag type, vehicle type, electric vehicle, and region
By Airbag Position
- Front
- Knee
- Curtain/Side
By Airbag Type
- Cut-And-Sewn Seam-Sealed (CSSS)
- One-Piece-Woven (OPW)
By Vehicle Type
- Passenger cars
- LCVs
- HCVs
By Electric Vehicle
- BEVs
- PHEVs/FCEVs
By Region
- Asia Pacific
- Europe
- North America
- Rest of the World
Recent Developments
- In June 2019, Wacker Chemie AG dedicated a new production line for silicone at the Zhangjiagang site in China.
- In June 2019, Elkem Silicones expanded its upstream silicones' local availability to meet the growing North American market needs. This expansion helped the company strengthen its presence in North America.
- In March 2019, Wacker Chemie AG opened a new Wacker Academy training center in Tsukuba, Japan. The center mainly offers seminars on silicone products for the automotive, electronics, sealant, and personal care sectors.
- In December 2018, Ammeraal Beltech and Megadyne Group merged and announced their new merged name: AMMEGA. The merger was aimed at combining the synergies, knowledge, research and development activities, business systems, and people to enhance the level of customer service and technology
- In September 2018, Shin-Etsu Chemical Co., Ltd. announced to implement USD 1.02 billion (¥110 billion) in facility investments for its silicone business. This expansion will be aimed at expanding the production capacity of silicone monomer, the intermediate product of silicone, and various types of silicone fluids, resins, and rubber end products at the company's main bases in Japan and globally.
Frequently Asked Questions (FAQ):
What is the current size of the global automotive airbag silicone market?
The global automotive airbag silicone market is estimated to be USD 239.1 million in 2020, with Asia Pacific dominating the market.
Which are the leading base countries for automotive airbag fabric manufacture?
China and Mexico are the leading countries in terms of airbag fabric manufacturer presence due to the established presence of airbag/airbag module manufacturers and low labor and operational costs.
Many companies are operating in the automotive airbag silicone market space across the globe. Do you know who are the front leaders, and what strategies have been adopted by them?
Dow (US), Elkem Silicones (France), Shin-Etsu Chemical Co., Ltd. (Japan), Wacker Chemie AG (Germany), and Momentive (US). These companies adopted expansion strategies and used mergers & acquisitions to gain traction in the automotive airbag silicone market.
How is the demand for automotive airbag silicone varies by region?
The automotive airbag silicone market's growth is majorly dependent on airbag fabric manufacturers' presence and the automotive sector's growth in different regions. The strong presence of airbag and airbag fabric production companies combined with silicone provider companies with very high production output to cater to the increasing vehicle production and airbag penetration are the factors driving the Asia Pacific automotive airbag silicone market. North America region is expected to hold a substantial market share due to the high installation rate of airbags in passenger and light commercial vehicles due to government mandates and high awareness regarding occupant safety.
Which are the end user vehicle types at present in the automotive airbag silicone industry? How would the demand shift in the future?
Safety regulations, coupled with the increasing demand for safety features in commercial vehicles and ongoing product developments and launches, are expected to offer promising growth opportunities for players in the automotive airbag silicone market during the forecast period. .
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TABLE OF CONTENTS
1 INTRODUCTION (Page No. - 20)
1.1 OBJECTIVES OF THE STUDY
1.2 MARKET DEFINITION
1.3 INCLUSIONS & EXCLUSIONS
TABLE 1 AUTOMOTIVE AIRBAG SILICONE MARKET: INCLUSIONS & EXCLUSIONS
1.4 MARKET SCOPE
1.4.1 MARKETS COVERED
FIGURE 1 MARKET SEGMENTATION
1.4.2 YEARS CONSIDERED FOR THE STUDY
1.5 MARKET SIZE
1.6 STAKEHOLDERS
2 RESEARCH METHODOLOGY (Page No. - 23)
2.1 RESEARCH DATA
FIGURE 2 RESEARCH DESIGN
FIGURE 3 RESEARCH METHODOLOGY MODEL
2.1.1 SECONDARY DATA
2.1.1.1 Key secondary sources for vehicle production
2.1.1.2 Key secondary sources for market sizing
2.1.1.3 Key data from secondary sources
2.1.2 PRIMARY DATA
FIGURE 4 BREAKDOWN OF PRIMARY INTERVIEWS
2.1.2.1 Sampling techniques & data collection methods
2.1.2.2 Primary participants
2.2 MARKET SIZE ESTIMATION
2.2.1 BOTTOM-UP APPROACH: BY REGION
2.2.2 BOTTOM-UP APPROACH: BY REGION
2.2.3 TOP-DOWN APPROACH: BY VEHICLE TYPE, AIRBAG POSITION, AIRBAG TYPE, ELECTRIC VEHICLE, AND LEVEL OF AUTONOMY
2.2.4 TOP-DOWN APPROACH: BY VEHICLE TYPE, AIRBAG POSITION, AIRBAG TYPE, ELECTRIC VEHICLE, AND LEVEL OF AUTONOMY
2.3 MARKET BREAKDOWN & DATA TRIANGULATION
FIGURE 5 DATA TRIANGULATION
2.4 ASSUMPTIONS
2.5 LIMITATIONS
3 EXECUTIVE SUMMARY (Page No. - 34)
3.1 PRE- & POST-COVID-19 SCENARIO
FIGURE 6 PRE- & POST-COVID-19 SCENARIO: AUTOMOTIVE AIRBAG SILICONE MARKET, 2018–2025 (USD MILLION)
TABLE 2 MARKET: PRE- VS. POST-COVID-19 SCENARIO, 2018–2025 (USD MILLION)
3.2 REPORT SUMMARY
FIGURE 7 MARKET, BY REGION, 2020 VS. 2025 (USD MILLION)
4 PREMIUM INSIGHTS (Page No. - 37)
4.1 ATTRACTIVE OPPORTUNITIES IN THE AUTOMOTIVE AIRBAG SILICONE MARKET
FIGURE 8 GOVERNMENT AIRBAG MANDATES AND CUSTOMER AWARENESS AROUND SAFETY TO DRIVE MARKET
4.2 MARKET, BY AIRBAG POSITION
FIGURE 9 CURTAIN/SIDE AIRBAG POSITION TO HOLD LARGEST MARKET SHARE IN 2020 (USD MILLION)
4.3 MARKET, BY AIRBAG TYPE
FIGURE 10 ONE-PIECE-WOVEN (OPW) ESTIMATED TO BE FASTER-GROWING MATERIAL SEGMENT DURING FORECAST PERIOD
4.4 MARKET, BY VEHICLE TYPE
FIGURE 11 PASSENGER CAR VEHICLE TYPE TO BE THE LARGEST SEGMENT DURING THE FORECAST PERIOD (USD MILLION)
4.5 MARKET, BY ELECTRIC VEHICLE
FIGURE 12 BATTERY ELECTRIC VEHICLE (BEV) TO HOLD THE LARGER MARKET SHARE (USD MILLION)
4.6 MARKET, BY REGION
FIGURE 13 ASIA PACIFIC TO HOLD THE LARGEST SHARE OF THE GLOBAL MARKET IN 2020
5 MARKET OVERVIEW (Page No. - 40)
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
FIGURE 14 AUTOMOTIVE AIRBAG SILICONE MARKET DYNAMICS
5.2.1 DRIVERS
5.2.1.1 Increasing number of airbags per vehicle
TABLE 3 MANDATES REGULATING THE USE OF AIRBAGS FOR MAJOR ECONOMIES
5.2.1.2 Advantages offered by silicone-coated airbags
TABLE 4 SILICONE-COATED VS. UNCOATED AIRBAG FABRICS
5.2.2 RESTRAINTS
5.2.2.1 Increasing development of active safety systems
5.2.3 OPPORTUNITIES
5.2.3.1 Growing demand for electric vehicles
5.2.3.2 Increasing installation of airbags in commercial vehicles
5.2.4 CHALLENGES
5.2.4.1 Issues related to cost in price-sensitive markets
5.3 SUPPLY CHAIN ANALYSIS
FIGURE 15 SUPPLY CHAIN: AUTOMOTIVE AIRBAG SILICONE MARKET
5.4 REVENUE SHIFT FOR AUTOMOTIVE AIRBAG SILICONE MANUFACTURERS
FIGURE 16 SHIFT OF FOCUS TOWARDS AUTONOMOUS AND ELECTRIC VEHICLES
5.5 MARKET ECOSYSTEM
FIGURE 17 MARKET ECOSYSTEM
5.6 AVERAGE SELLING PRICE TREND
TABLE 5 AVERAGE REGIONAL PRICE TREND: AUTOMOTIVE AIRBAG SILICONE (USD/KG), 2019
5.7 PATENT ANALYSIS
TABLE 6 APPLICATIONS AND PATENTS GRANTED, 2018-2020
5.8 REGULATORY LANDSCAPE
TABLE 7 REGULATIONS/MANDATES FOR AUTOMOTIVE AIRBAGS, BY REGION/COUNTRY
6 COVID-19 IMPACT ANALYSIS (Page No. - 50)
6.1 COVID-19 IMPACT ON AUTOMOTIVE INDUSTRY
TABLE 8 EUROPE: LOSS IN VEHICLE PRODUCTION DUE TO PLANT SHUTDOWNS, BY COUNTRY (UNITS)
FIGURE 18 AUTOMOTIVE PRODUCTION: PRE- VS. POST-COVID-19 SCENARIO, 2018–2025 (‘000 UNITS)
TABLE 9 AUTOMOTIVE PRODUCTION: PRE- & POST-COVID-19 SCENARIOS, 2018–2025 (‘000 UNITS)
6.2 COVID-19 IMPACT ON AUTOMOTIVE AIRBAG SILICONE MARKET
FIGURE 19 MARKET SCENARIO, 2018–2025 (USD MILLION)
6.2.1 MOST LIKELY SCENARIO
TABLE 10 MARKET (REALISTIC SCENARIO), BY REGION, 2018–2025 (USD MILLION)
6.2.2 LOW IMPACT SCENARIO
TABLE 11 MARKET (LOW IMPACT SCENARIO), BY REGION, 2018–2025 (USD MILLION)
6.2.3 HIGH IMPACT SCENARIO
TABLE 12 MARKET (HIGH IMPACT SCENARIO), BY REGION, 2018–2025 (USD MILLION)
7 AUTOMOTIVE AIRBAG SILICONE MARKET, BY AIRBAG POSITION (Page No. - 55)
7.1 INTRODUCTION
7.1.1 RESEARCH METHODOLOGY
7.1.2 ASSUMPTIONS
7.1.3 INDUSTRY INSIGHTS
FIGURE 20 AUTOMOTIVE AIRBAG SILICONE MARKET, BY AIRBAG POSITION, 2020 VS. 2025 (USD MILLION)
TABLE 13 MARKET, BY AIRBAG POSITION, 2018–2025 ('000 KG)
TABLE 14 MARKET, BY AIRBAG POSITION, 2018–2025 (USD MILLION)
7.2 FRONTAL
TABLE 15 FRONTAL AIRBAG FABRIC AND SILICONE CONSUMPTION, 2019
TABLE 16 FRONTAL AIRBAG SILICONE MARKET, BY REGION, 2018–2025 ('000 KG)
TABLE 17 FRONTAL AIRBAG SILICONE MARKET, BY REGION, 2018–2025 (USD MILLION)
7.3 KNEE
TABLE 18 KNEE AIRBAG FABRIC AND SILICONE CONSUMPTION, 2019
TABLE 19 KNEE AIRBAG SILICONE MARKET, BY REGION, 2018–2025 ('000 KG)
TABLE 20 KNEE AIRBAG SILICONE MARKET, BY REGION, 2018–2025 (USD MILLION)
7.4 CURTAIN/SIDE
TABLE 21 CURTAIN/SIDE AIRBAG FABRIC AND SILICONE CONSUMPTION, 2019
TABLE 22 CURTAIN/SIDE AIRBAG SILICONE MARKET, BY REGION, 2018–2025 (‘000 KG)
TABLE 23 CURTAIN/SIDE AIRBAG SILICONE MARKET, BY REGION, 2018–2025 (USD MILLION)
8 AUTOMOTIVE AIRBAG SILICONE MARKET, BY AIRBAG TYPE (Page No. - 62)
8.1 INTRODUCTION
8.1.1 RESEARCH METHODOLOGY
8.1.2 ASSUMPTIONS
8.1.3 INDUSTRY INSIGHTS
FIGURE 21 AUTOMOTIVE AIRBAG SILICONE MARKET, BY AIRBAG TYPE, 2020 VS. 2025 (USD MILLION)
TABLE 24 MARKET, BY AIRBAG TYPE, 2018–2025 ('000 KG)
TABLE 25 MARKET, BY AIRBAG TYPE, 2018–2025 (USD MILLION)
8.2 CUT-AND-SEWN SEAM-SEALED (CSSS)
TABLE 26 CUT-AND-SEWN SEAM-SEALED AIRBAG SILICONE MARKET, BY REGION, 2018–2025 ('000 KG)
TABLE 27 CUT-AND-SEWN SEAM-SEALED AIRBAG SILICONE MARKET, BY REGION, 2018–2025 (USD MILLION)
8.3 ONE-PIECE-WOVEN
TABLE 28 ONE-PIECE-WOVEN AIRBAG SILICONE MARKET, BY REGION, 2018–2025 ('000 KG)
TABLE 29 ONE-PIECE-WOVEN AIRBAG SILICONE MARKET, BY REGION, 2018–2025 (USD MILLION)
9 AUTOMOTIVE AIRBAG SILICONE MARKET, BY VEHICLE TYPE (Page No. - 68)
9.1 INTRODUCTION
9.1.1 RESEARCH METHODOLOGY
9.1.2 ASSUMPTIONS
9.1.3 INDUSTRY INSIGHTS
FIGURE 22 MARKET, BY VEHICLE TYPE, 2020 VS. 2025 (USD MILLION)
TABLE 30 MARKET, BY VEHICLE TYPE, 2018–2025 (‘000 KG)
TABLE 31 MARKET, BY VEHICLE TYPE, 2018–2025 (USD MILLION)
9.2 PASSENGER CAR
TABLE 32 PASSENGER CAR AIRBAG SILICONE MARKET, BY REGION, 2018–2025 (‘000 KG)
TABLE 33 PASSENGER CAR AIRBAG SILICONE MARKET, BY REGION, 2018–2025 (USD MILLION)
9.3 LIGHT COMMERCIAL VEHICLE (LCV)
TABLE 34 LCV AIRBAG SILICONE MARKET, BY REGION, 2018–2025 (‘000 KG)
TABLE 35 LCV AIRBAG SILICONE MARKET, BY REGION, 2018–2025 (USD MILLION)
9.4 HEAVY COMMERCIAL VEHICLE (HCV)
TABLE 36 HCV AIRBAG SILICONE MARKET, BY REGION, 2018–2025 (‘000 KG)
TABLE 37 HCV AIRBAG SILICONE MARKET, BY REGION, 2018–2025 (USD MILLION)
10 ELECTRIC VEHICLE AIRBAG SILICONE MARKET, BY VEHICLE TYPE (Page No. - 75)
10.1 INTRODUCTION
10.1.1 RESEARCH METHODOLOGY
10.1.2 ASSUMPTIONS
10.1.3 INDUSTRY INSIGHTS
FIGURE 23 AUTOMOTIVE AIRBAG SILICONE MARKET, BY ELECTRIC VEHICLE, 2020 VS. 2025 (USD MILLION)
TABLE 38 MARKET, BY ELECTRIC VEHICLE, 2018–2025 (‘000 KG)
TABLE 39 MARKET, BY ELECTRIC VEHICLE, 2018–2025 (USD MILLION)
10.2 BATTERY ELECTRIC VEHICLE (BEV)
TABLE 40 BEV AIRBAG SILICONE MARKET, BY REGION, 2018–2025 (‘000 KG)
TABLE 41 BEV AIRBAG SILICONE MARKET, BY REGION, 2018–2025 (USD MILLION)
10.3 FUEL CELL ELECTRIC VEHICLE /PLUG-IN HYBRID ELECTRIC VEHICLE (FCEV/PHEV)
TABLE 42 FCEV/PHEV AIRBAG SILICONE MARKET, BY REGION, 2018–2025 (‘000 KG)
TABLE 43 FCEV/PHEV AIRBAG SILICONE MARKET, BY REGION, 2018–2025 (USD MILLION)
11 AUTONOMOUS CAR AIRBAG SILICONE MARKET, BY LEVEL OF AUTONOMY (Page No. - 81)
11.1 INTRODUCTION
11.1.1 RESEARCH METHODOLOGY
11.1.2 ASSUMPTIONS
11.1.3 INDUSTRY INSIGHTS
FIGURE 24 AUTONOMOUS CAR AIRBAG SILICONE MARKET, BY LEVEL OF AUTONOMY, 2023 VS. 2025 (USD MILLION)
11.2 LEVEL 4&5
TABLE 44 LEVEL 4&5: AUTONOMOUS CAR AIRBAG SILICONE MARKET, BY REGION, 2018–2025 (‘000 KG)
TABLE 45 LEVEL 4&5: AUTONOMOUS CAR AIRBAG SILICONE MARKET, BY REGION, 2018–2025 (USD MILLION)
12 AUTOMOTIVE AIRBAG SILICONE MARKET, BY REGION (Page No. - 85)
12.1 INTRODUCTION
12.2 RESEARCH METHODOLOGY
12.2.1 ASSUMPTIONS
FIGURE 25 INDUSTRY INSIGHTS
FIGURE 26 MARKET, BY REGION, 2020 VS. 2025 (USD MILLION)
TABLE 46 MARKET, BY REGION, 2018–2025 (‘000 KG)
TABLE 47 MARKET, BY REGION, 2018–2025 (USD MILLION)
12.3 NORTH AMERICA
12.3.1 PRESENCE OF GLOBAL AIRBAG FABRIC AND SILICONE PROVIDERS IN MEXICO TO DRIVE REGIONAL MARKET
12.3.2 US
12.3.2.1 US Vehicle Production
TABLE 48 US: VEHICLE PRODUCTION, BY VEHICLE TYPE, 2016–2019 (‘000 UNIT)
12.3.3 MEXICO
12.3.3.1 Mexico Vehicle Production
TABLE 49 MEXICO: VEHICLE PRODUCTION, BY VEHICLE TYPE, 2016–2019 (‘000 UNIT)
TABLE 50 NORTH AMERICA: MARKET, BY COUNTRY, 2018–2025 (‘000 KG)
TABLE 51 NORTH AMERICA: MARKET, BY COUNTRY, 2018–2025 (USD MILLION)
12.4 ASIA PACIFIC
12.4.1 GOVERNMENT MANDATES AND GROWING AIRBAG FABRIC MANUFACTURING INDUSTRY TO BOOST MARKET
FIGURE 27 ASIA PACIFIC: AUTOMOTIVE AIRBAG SILICONE MARKET SNAPSHOT
12.4.2 CHINA
12.4.2.1 China Vehicle Production
TABLE 52 CHINA: VEHICLE PRODUCTION, BY VEHICLE TYPE, 2016–2019 (‘000 UNIT)
12.4.3 INDIA
12.4.3.1 India Vehicle Production
TABLE 53 INDIA: VEHICLE PRODUCTION, BY VEHICLE TYPE, 2016–2019 (‘000 UNIT)
12.4.4 JAPAN
12.4.4.1 Japan Vehicle Production
TABLE 54 JAPAN: VEHICLE PRODUCTION, BY VEHICLE TYPE, 2016–2019 (‘000 UNIT)
12.4.5 SOUTH KOREA
12.4.5.1 South Korea Vehicle Production
TABLE 55 SOUTH KOREA: VEHICLE PRODUCTION, BY VEHICLE TYPE, 2016–2019 (‘000 UNIT)
12.4.6 VIETNAM
12.4.7 THAILAND
12.4.7.1 Thailand Vehicle Production
TABLE 56 THAILAND: VEHICLE PRODUCTION, BY VEHICLE TYPE, 2016–2019 (‘000 UNIT)
TABLE 57 ASIA PACIFIC: MARKET, BY COUNTRY,2018–2025 (‘000 KG)
TABLE 58 ASIA PACIFIC: MARKET, BY COUNTRY, 2018–2025 (USD MILLION)
12.5 EUROPE
12.5.1 STRONG PRESENCE OF AIRBAG FABRIC COMPANIES TO DRIVE EUROPEAN MARKET
FIGURE 28 EUROPE: AUTOMOTIVE AIRBAG SILICONE MARKET SNAPSHOT
12.5.2 FRANCE
12.5.2.1 France Vehicle Production
TABLE 59 FRANCE: VEHICLE PRODUCTION, BY VEHICLE TYPE, 2016–2019 (‘000 UNIT)
12.5.3 GERMANY
12.5.3.1 Germany Vehicle Production
TABLE 60 GERMANY: VEHICLE PRODUCTION, BY VEHICLE TYPE, 2016–2019 (‘000 UNIT)
12.5.4 UK
12.5.4.1 UK Vehicle Production
TABLE 61 UK: VEHICLE PRODUCTION, BY VEHICLE TYPE, 2016–2019 (‘000 UNIT)
12.5.5 RUSSIA
12.5.5.1 Russia Vehicle Production
TABLE 62 RUSSIA: VEHICLE PRODUCTION, BY VEHICLE TYPE, 2016–2019 (‘000 UNIT)
12.5.6 CZECH REPUBLIC
12.5.7 POLAND
12.5.8 ROMANIA
TABLE 63 EUROPE: AUTOMOTIVE AIRBAG SILICONE MARKET, BY COUNTRY, 2018–2025 (‘000 KG)
TABLE 64 EUROPE: MARKET, BY COUNTRY, 2018–2025 (USD MILLION)
12.6 REST OF THE WORLD
12.6.1 DEPENDENCY ON OUTSOURCING OF AIRBAG SILICONE TO LIMIT REVENUE GENERATION
12.6.2 BRAZIL
12.6.2.1 Brazil Vehicle Production
TABLE 65 BRAZIL: VEHICLE PRODUCTION, BY VEHICLE TYPE, 2016–2019 (‘000 UNIT)
12.6.3 SOUTH AFRICA
12.6.3.1 South Africa Vehicle Production
TABLE 66 SOUTH AFRICA: VEHICLE PRODUCTION, BY VEHICLE TYPE, 2016–2019 (‘000 UNIT)
12.6.4 OTHER COUNTRIES IN ROW
TABLE 67 REST OF THE WORLD: MARKET, BY COUNTRY, 2018–2025 (‘000 KG)
TABLE 68 REST OF THE WORLD: MARKET, BY COUNTRY, 2018–2025 (USD MILLION)
13 RECOMMENDATIONS BY MARKETSANDMARKETS (Page No. - 103)
13.1 ASIA PACIFIC WILL BE A KEY MARKET FOR AUTOMOTIVE AIRBAG SILICONE
13.2 GROWING ELECTRIFICATION - KEY FOCUS AREAS
13.3 CONCLUSION
14 COMPETITIVE LANDSCAPE (Page No. - 105)
14.1 OVERVIEW
14.2 AUTOMOTIVE AIRBAG SILICONE MARKET SHARE ANALYSIS, 2019
FIGURE 29 MARKET SHARE ANALYSIS, 2019
14.3 MARKET EVOLUTION FRAMEWORK
FIGURE 30 MARKET EVALUATION FRAMEWORK
14.4 COMPANY EVALUATION QUADRANT
14.4.1 STAR
14.4.2 EMERGING LEADERS
14.4.3 PERVASIVE
14.4.4 PARTICIPANTS
14.5 COMPETITIVE EVALUATION MATRIX
FIGURE 31 COMPETITIVE EVALUATION MATRIX, 2019
14.5.1 STRENGTH OF PRODUCT PORTFOLIO
FIGURE 32 PRODUCT PORTFOLIO ANALYSIS OF TOP PLAYERS IN AUTOMOTIVE AIRBAG SILICONE MARKET
14.5.2 BUSINESS STRATEGY EXCELLENCE
FIGURE 33 BUSINESS STRATEGY EXCELLENCE OF TOP PLAYERS IN MARKET
FIGURE 34 MAJOR DEVELOPMENTS IN MARKET
14.6 COMPETITIVE SCENARIO
14.6.1 EXPANSIONS
TABLE 69 EXPANSIONS, 2018-2020
14.6.2 MERGERS
TABLE 70 MERGERS, 2018
14.7 RIGHT TO WIN
TABLE 71 RIGHT TO WIN,
15 AUTOMOTIVE AIRBAG SILICONE MARKET: COMPANY PROFILES (Page No. - 113)
15.1 COMPANY PROFILES
(Overview, Products Offering, Recent Developments, and MnM View)*
15.1.1 DOW
FIGURE 35 DOW: COMPANY SNAPSHOT
TABLE 72 DOW: ORGANIC DEVELOPMENTS
15.1.2 WACKER CHEMIE AG
FIGURE 36 WACKER CHEMIE AG: COMPANY SNAPSHOT
TABLE 73 WACKER CHEMIE AG: ORGANIC DEVELOPMENTS
15.1.3 SHIN-ETSU CHEMICAL CO., LTD.
FIGURE 37 SHIN-ETSU CHEMICAL CO., LTD.: COMPANY SNAPSHOT
TABLE 74 SHIN-ETSU CHEMICAL CO., LTD.: ORGANIC DEVELOPMENTS
15.1.4 ELKEM SILICONES
FIGURE 38 ELKEM SILICONES: COMPANY SNAPSHOT
TABLE 75 ELKEM SILICONES: ORGANIC DEVELOPMENTS
15.1.5 MOMENTIVE
FIGURE 39 MOMENTIVE: COMPANY SNAPSHOT
15.1.6 ZODIAC AUTOMOTIVE
15.1.7 CHUKOH CHEMICAL INDUSTRIES
15.1.8 AMMERAAL BELTECH
TABLE 76 AMMERAAL BELTECH: INORGANIC DEVELOPMENTS
15.1.9 WACKER ASAHIKASEI SILICONE CO., LTD.
15.1.10 SHENZHEN SQUARE SILICONE MATERIALS COMPANY
15.1.11 SILICONE ENGINEERING LTD
15.1.12 PRIMASIL SILICONES LIMITED
* Overview, Products Offering, Recent Developments, and MnM View might not be captured in case of unlisted companies.
16 COMPANY PROFILES- AIRBAG FABRIC MANUFACTURERS (Page No. - 132)
16.1 COMPANY PROFILES
(Overview, Products Offering, Recent Developments, and MnM View)*
16.1.1 TORAY INDUSTRIES, INC.
FIGURE 40 TORAY INDUSTRIES, INC.: COMPANY SNAPSHOT
TABLE 77 TORAY INDUSTRIES, INC.: ORGANIC DEVELOPMENTS
16.1.2 TOYOBO CO., LTD
FIGURE 41 TOYOBO CO., LTD: COMPANY SNAPSHOT
TABLE 78 TOYOBO CO., LTD: INORGANIC DEVELOPMENTS
16.1.3 MILLIKEN & COMPANY
16.1.4 GLOBAL SAFETY TEXTILES
16.1.5 UTT TECHNISCHE TEXTILIEN GMBH & CO KG
TABLE 79 UTT TECHNISCHE TEXTILIEN GMBH & CO KG: ORGANIC DEVELOPMENTS
TABLE 80 UTT TECHNISCHE TEXTILIEN GMBH & CO KG: INORGANIC DEVELOPMENTS
16.1.6 CHINACHEM (XIAMEN) NEW MATERIAL TECHNOLOGY CO., LTD.
FIGURE 42 CHINACHEM (XIAMEN) NEW MATERIAL TECHNOLOGY CO., LTD.: COMPANY SNAPSHOT
TABLE 81 CHINACHEM (XIAMEN) NEW MATERIAL TECHNOLOGY CO., LTD. : ORGANIC DEVELOPMENTS
16.1.7 KOLON INDUSTRIES, INC
FIGURE 43 KOLON INDUSTRIES, INC: COMPANY SNAPSHOT
16.1.8 PORCHER INDUSTRIES
16.1.9 MID-MOUNTAIN MATERIALS, INC
16.1.10 SAFETY COMPONENTS
* Overview, Products Offering, Recent Developments, and MnM View might not be captured in case of unlisted companies.
17 APPENDIX (Page No. - 146)
17.1 INSIGHTS OF INDUSTRY EXPERTS
17.2 DISCUSSION GUIDE
17.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
17.4 AVAILABLE CUSTOMIZATIONS
17.4.1 AUTOMOTIVE AIRBAG SILICONE MARKET, BY AIRBAG POSITION, BY COUNTRY
17.4.1.1 Frontal
17.4.1.2 Knee
17.4.1.3 Curtain/Side
17.4.2 AUTOMOTIVE AIRBAG SILICONE MARKET, BY VEHICLE TYPE, BY COUNTRY
17.4.2.1 Passenger Car
17.4.2.2 Light Commercial Vehicle
17.4.2.3 Heavy Commercial Vehicle
17.4.3 AUTOMOTIVE AIRBAG SILICONE MARKET, BY AIRBAG TYPE, BY COUNTRY
17.4.3.1 Cut-and-sewn seam-sealed (CSSS)
17.4.3.2 One-Piece-Woven (OPW)
17.5 RELATED REPORTS
17.6 AUTHOR DETAILS
The study involved four major activities in estimating the current size of the automotive airbag silicone market. Exhaustive secondary research was done to collect information on the market, the peer market, and the parent market. The next step was to validate these findings, assumptions, and sizing with the industry experts across value chains through primary research. The bottom-up and top-down approaches were employed to estimate the complete market size. Thereafter, market breakdown and data triangulation processes were used to estimate segments and subsegments' market size.
Secondary Research
Secondary sources referred for this research study include the Asociacion Mexicana de la Industria Automotriz (AMIA—Mexican Association of the Automotive Industry), Automotive Occupant Restraints Council (AORC), Fédération Internationale de l'Automobile, National Highway Traffic Safety Administration (NHTSA), Databases such as Factiva and Bloomberg, and corporate filings (such as annual reports, investor presentations, and financial statements). Secondary data was collected and analyzed to arrive at the overall market size, validated further through primary research.
Primary Research
Extensive primary research was conducted after understanding the automotive airbag silicone market through secondary research. Several primary interviews were conducted with market experts from both the demand- (airbag/airbag module and airbag fabric manufacturers) and supply-side (automotive airbag silicone manufacturers) players across five major regions—namely, North America, Europe, Asia, and RoW. Approximately 60% and 40% of primary interviews were conducted from both the demand and supply sides. The primary data was collected through questionnaires, e-mails, and telephonic interviews.
After interacting with industry participants, brief sessions with highly experienced independent consultants were conducted to reinforce primaries' findings. This, along with the in-house subject matter experts’ opinions, has led to the findings described in this report's remainder.
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
The bottom-up approach was used to estimate and validate the global market's size and various other dependent sub-markets of the overall automotive airbag silicone market. The research methodology used to estimate the market size includes the following details.
The bottom-up approach was used to estimate and validate the size of the automotive airbag silicone market, by country and region. The country-level presence of leading automotive airbag fabric manufacturers and their production plants were identified. The plant capacity for each plant (‘000 m2) was derived through secondary sources and validated through the primary respondents. The addition of automotive airbag fabric plants capacity in each country gave the country level automotive airbag fabric quantity (production). Following this, secondary research was used to derive silicone coating required (KG) per fabric (m2), and this information was validated from primary respondents. After multiplying country-level fabric production with silicone coating used per fabric m2, the country level silicone consumption (‘000 kg) was derived. The ASP of automotive airbag silicone coating per kg for each country was derived from secondary research and validated with primary sources. The ASP of automotive airbag silicone coating per kg at the country level was multiplied with the country level volume (silicone consumption) to derive the country-level market in terms of value (USD million).
The addition of country-level markets (volume and value) gave the regional and global market, and the addition of country-level value gave the regional and global automotive airbag silicone market, which has been validated by primary respondents
To know about the assumptions considered for the study, Request for Free Sample Report
The regional share of passenger cars, light commercial vehicles, and heavy commercial vehicles was identified and multiplied with the regional market size, in terms of volume (’000 KG). In terms of volume, the regional market size was then multiplied with the regional-level average selling price of silicone coating (USD/KG). This resulted in the regional market size of the automotive airbag silicone market, by vehicle, in terms of value.
A similar approach was followed to obtain the automotive airbag silicone market, by airbag position, airbag type, vehicle type, electric vehicle, and level of autonomy
Report Objectives
- To define, describe, and forecast the automotive airbag silicone market, in terms of volume (‘000 kg) and value (USD million)
- To define, segment, analyze, and forecast the size of the market based on airbag position, airbag type, vehicle type, electric vehicle, and region
- To define, segment, analyze, and forecast the size of the market by:
- Airbag Position (Front, knee, and curtain/side)
- Airbag Type (Cut-and-sewn seam-sealed (CSSS) and one-piece-woven (OPW))
- Vehicle Type (Passenger cars, LCVs, and HCVs)
- Electric Vehicle Type (BEVs, PHEVs/FCEVs)
- Region (North America, Europe, Asia Pacific (APAC), and the Rest of the World (RoW))
- To forecast the size of various segments of the automotive airbag silicone market based on four regions—North America, Europe, Asia Pacific (APAC), and the Rest of the World (RoW), along with key countries in each of these regions
- To understand the market dynamics (drivers, restraints, opportunities, and challenges) influencing the market
- To analyze the market ranking of key players operating in the market
- To analyze the competitive landscape and company profiles of players operating in the market
- To analyze recent developments, mergers & acquisitions, expansions, and other activities carried out by key industry players in the automotive airbag silicone market
Available Customizations
Along with the market data, MarketsandMarkets offers customizations in accordance with the company’s specific needs.
AUTOMOTIVE AIRBAG SILICONE MARKET, BY AIRBAG POSITION, BY COUNTRY
- Frontal
- Knee
- Curtain/Side
Note: This market estimation will be based on country-wise vehicle production and airbag penetration.
AUTOMOTIVE AIRBAG SILICONE MARKET, by VEHICLE TYPE, BY COUNTRY
- Passenger Car
- Light Commercial Vehicle
- Heavy Commercial Vehicle
Note: This market estimation will be based on country-wise vehicle production and airbag penetration.
AUTOMOTIVE AIRBAG SILICONE MARKET, by AIRBAG TYPE, BY COUNTRY
- Cut-And-Sewn Seam Sealed (CSSS)
- One-Piece-Woven (OPW)
Note: This market estimation will be based on country-wise vehicle production and airbag penetration
Growth opportunities and latent adjacency in Automotive Airbag Silicone Market