Global Automotive Airbags Silicone Market Report 2021 - Opportunities And Strategies, Market Forecast And Trends
2 Mar, 2021
The automotive airbag silicone market consists of sales of automotive airbag silicone and related services by entities (organizations, sole traders and partnerships that manufacture automotive airbag silicone. Automotive airbags contain silicone which offers various properties such as thermal resistance, slip, and protection. If there is a car crash then airbags create heat and passengers in the car risk getting burnt, therefore applying a thin layer of silicone to the airbag will help protect the fabric from heat and prevent burn to passengers. Only goods and services traded between entities or sold to end consumers are included.
Global Automotive Airbags Silicone Market Size And Drivers:
The global automotive airbag silicone market is expected to grow from $191.20 million in 2020 to $235.89 million in 2021 at a compound annual growth rate (CAGR) of 23.4%. The market is expected to reach $517.09 million in 2025 at a CAGR of 21.7%. 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.
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Trends In The Global Automotive Airbags Silicone Market
Innovative airbag designs with silicone rubber fabric coatings and seam sealants is an emerging trend in the automotive airbag silicone market. Silicone rubber fabric coatings and seam sealants help airbag design integrity in order to enhance occupant impact protection and safety.
Global Automotive Airbags Silicone Market Segments:
The global automotive silicone airbag market is further segmented based on airbag type, airbag position, vehicle type and geography.
By Airbag Type: Cut-And-Sewn Seam-Sealed (CSSS), One-Piece-Woven (OPW).
By Airbag Position: Front, Knee, Curtain/Side, Others.
By Vehicle Type: Passenger Cars, LCV, HCV.
By Geography: The global automotive airbag silicone market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
Among these regions, Asia Pacific is the largest region in the global silicone automotive airbag market.
Read More On The Report For The Global Automotive Airbags Silicone Market At:https://www.thebusinessresearchcompany.com/report/automotive-airbags-silicone-global-market-report
Automotive Airbags Silicone Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides automotive airbag silicone market overviews, analyzes and forecasts market size and growth for the global automotive airbag silicone market, automotive airbag silicone market share, automotive airbag silicone market players, automotive airbag silicone market segments and geographies, automotive airbag silicone market’s leading competitors’ revenues, profiles and market shares. The automotive airbag silicone market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.