Market Leaders - Automotive Airbag Silicone Market
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. Growing awareness around and demand for safety features, as well as government initiatives regarding vehicle and passenger safety, are expected to drive the growth of the airbag and automotive airbag silicone markets.
The global automotive airbag silicone market is dominated by companies like 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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Dow is one of the top key players in the automotive airbag silicone market, owing to its established global presence, supply chain, and strong geographical presence. Dow being the pioneer in the silicone coating industry, has a wide range of coating solutions offering very high elongation, low elastic modulus, unprimed adhesion to polyamide and polyester fabric, low coat weight, and excellent adhesion to polyamide and polyester fabric. This provides a competitive edge over other companies. The company’s unrivaled value chain ownership further strengthens its presence across geographies. A global network of laboratories, technical experts, and testing equipment offers a greater advantage in terms of supply, pricing, and aftersales services over other automotive airbag coating competitors.
Momentive with strong revenue generation from the US and Germany operates through 23 production sites and five R&D centers globally and has ranked fifth in the global automotive airbag silicone market. Moreover, the company works with a network of subsidiaries, including Juniper Bond Holdings III LLC, Juniper Bond Holdings IV LLC, Momentive Performance Materials Asia Pacific Pte Ltd, Momentive Performance Materials Benelux BVBA, Momentive Performance Materials China SPV Inc., and Momentive Performance Materials France Sarl.
Related Reports:
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
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