Automotive Airbag Silicone Market

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 Code: AT 7781 Nov, 2020, by marketsandmarkets.com

[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.

Automotive Airbag Silicone Market

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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.

Automotive Airbag Silicone Market Supply Chain

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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.

Automotive Airbag Silicone Market by Region

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.

Scope of the Report

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.

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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 AUTOMOTIVE AIRBAG SILICONE 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 AUTOMOTIVE AIRBAG SILICONE MARKET: PRE- VS. POST-COVID-19 SCENARIO, 2018–2025 (USD MILLION)
    3.2 REPORT SUMMARY
        FIGURE 7 AUTOMOTIVE AIRBAG SILICONE 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 AUTOMOTIVE AIRBAG SILICONE MARKET, BY AIRBAG POSITION
        FIGURE 9 CURTAIN/SIDE AIRBAG POSITION TO HOLD LARGEST MARKET SHARE IN 2020 (USD MILLION)
    4.3 AUTOMOTIVE AIRBAG SILICONE MARKET, BY AIRBAG TYPE
        FIGURE 10 ONE-PIECE-WOVEN (OPW) ESTIMATED TO BE FASTER-GROWING MATERIAL SEGMENT DURING FORECAST PERIOD
    4.4 AUTOMOTIVE AIRBAG SILICONE MARKET, BY VEHICLE TYPE
        FIGURE 11 PASSENGER CAR VEHICLE TYPE TO BE THE LARGEST SEGMENT DURING THE FORECAST PERIOD (USD MILLION)
    4.5 AUTOMOTIVE AIRBAG SILICONE MARKET, BY ELECTRIC VEHICLE
        FIGURE 12 BATTERY ELECTRIC VEHICLE (BEV) TO HOLD THE LARGER MARKET SHARE (USD MILLION)
    4.6 AUTOMOTIVE AIRBAG SILICONE 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 AUTOMOTIVE AIRBAG SILICONE MARKET ECOSYSTEM
        FIGURE 17 AUTOMOTIVE AIRBAG SILICONE 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 AUTOMOTIVE AIRBAG SILICONE MARKET SCENARIO, 2018–2025 (USD MILLION)
           6.2.1 MOST LIKELY SCENARIO
                 TABLE 10 AUTOMOTIVE AIRBAG SILICONE MARKET (REALISTIC SCENARIO), BY REGION, 2018–2025 (USD MILLION)
           6.2.2 LOW IMPACT SCENARIO
                 TABLE 11 AUTOMOTIVE AIRBAG SILICONE MARKET (LOW IMPACT SCENARIO), BY REGION, 2018–2025 (USD MILLION)
           6.2.3 HIGH IMPACT SCENARIO
                 TABLE 12 AUTOMOTIVE AIRBAG SILICONE 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 AUTOMOTIVE AIRBAG SILICONE MARKET, BY AIRBAG POSITION, 2018–2025 ('000 KG)
                 TABLE 14 AUTOMOTIVE AIRBAG SILICONE 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 AUTOMOTIVE AIRBAG SILICONE MARKET, BY AIRBAG TYPE, 2018–2025 ('000 KG)
                 TABLE 25 AUTOMOTIVE AIRBAG SILICONE 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 AUTOMOTIVE AIRBAG SILICONE MARKET, BY VEHICLE TYPE, 2020 VS. 2025 (USD MILLION)
                 TABLE 30 AUTOMOTIVE AIRBAG SILICONE MARKET, BY VEHICLE TYPE, 2018–2025 (‘000 KG)
                 TABLE 31 AUTOMOTIVE AIRBAG SILICONE 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 AUTOMOTIVE AIRBAG SILICONE MARKET, BY ELECTRIC VEHICLE, 2018–2025 (‘000 KG)
                    TABLE 39 AUTOMOTIVE AIRBAG SILICONE 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 AUTOMOTIVE AIRBAG SILICONE MARKET, BY REGION, 2020 VS. 2025 (USD MILLION)
                    TABLE 46 AUTOMOTIVE AIRBAG SILICONE MARKET, BY REGION, 2018–2025 (‘000 KG)
                    TABLE 47 AUTOMOTIVE AIRBAG SILICONE 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: AUTOMOTIVE AIRBAG SILICONE MARKET, BY COUNTRY, 2018–2025 (‘000 KG)
                                 TABLE 51 NORTH AMERICA: AUTOMOTIVE AIRBAG SILICONE 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: AUTOMOTIVE AIRBAG SILICONE MARKET, BY COUNTRY,2018–2025 (‘000 KG)
                                 TABLE 58 ASIA PACIFIC: AUTOMOTIVE AIRBAG SILICONE 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: AUTOMOTIVE AIRBAG SILICONE 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: AUTOMOTIVE AIRBAG SILICONE MARKET, BY COUNTRY, 2018–2025 (‘000 KG)
                    TABLE 68 REST OF THE WORLD: AUTOMOTIVE AIRBAG SILICONE 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 AUTOMOTIVE AIRBAG SILICONE MARKET SHARE ANALYSIS, 2019
     14.3 MARKET EVOLUTION FRAMEWORK
          FIGURE 30 AUTOMOTIVE AIRBAG SILICONE 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 AUTOMOTIVE AIRBAG SILICONE MARKET
                    FIGURE 34 MAJOR DEVELOPMENTS IN AUTOMOTIVE AIRBAG SILICONE 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), Fιdιration 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.

Automotive Airbag Silicone Market Size, and Share

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

Automotive Airbag Silicone Market Size, and Share

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 automotive airbag silicone market based on airbag position, airbag type, vehicle type, electric vehicle, and region
  • To define, segment, analyze, and forecast the size of the automotive airbag silicone 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 automotive airbag silicone market
  • To analyze the market ranking of key players operating in the automotive airbag silicone 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

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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

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Report Code
AT 7781
Published ON
Nov, 2020
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