The global automotive airbag silicone market size reached USD 237.5 Million in 2020 and is expected to register a CAGR of 15.4% during the forecast period, according to latest analysis by Emergen Research. Increase in the number of silicone-coated airbags per vehicle is one of the key factors currently driving growth of the global automotive airbag silicone market. In addition, rising demand for electric vehicles is expected to boost market growth over the forecast period. Furthermore, rising demand for curtain/side automotive airbags is expected to support growth of the global automotive airbag silicone market to a significant extent going ahead.
However, high cost of raw materials for production of silicone-coated automotive airbags is a primary factor expected to hamper global automotive airbag silicone market growth to a certain extent during the forecast period.
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The report is an investigative study of the technological developments and product advancements, along with a regional analysis for each product and application offered in the market. The fundamental objective of the report is to give an insight into the workings of the Automotive Airbag Silicone Market industry. It provides an accurate and strategic outlook of the market with a thorough assessment of the segments and sub-segments of the market. It provides a panoramic view of the industry to offer a deeper understanding of the global industry.
Key players in the market include Wacker Chemie AG, Robert Bosch GmbH, Continental AG, Mitsubishi Electric Corporation, Kolon Industries, Inc, ZF Friedrichshafen AG, Toray Industries, Inc., Toyobo Co., Ltd., Shin-Etsu Chemical Co., Ltd., and DENSO Corporation.
The report further examines the market in the key regions of the world with regard to production and consumption patterns, import/export, supply and demand ratio, revenue generation, market share and size, and presence of prominent players in the regions. The report also covers the expansion plans undertaken by companies in the regions under the regional analysis section.
Key regions in the market include:
Rest of EU
Rest of APAC
Rest of Latin America
Middle East & Africa
Rest of MEA
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Emergen Research has segmented the global automotive airbag silicone market on the basis of type, airbag position, vehicle type, and region:
Type Outlook (Revenue, USD Million; 2018–2028)
Airbag Position Outlook (Revenue, USD Million; 2018–2028)
Vehicle Type Outlook (Revenue, USD Million; 2018–2028)
Key Questions Answered in the Report:
What will be the estimated growth rate of the Automotive Airbag Silicone market by 2028?
Who are the prominent distributors, vendors, and manufacturers of the market?
What are the driving and restraining factors of the growth of the Automotive Airbag Silicone market throughout the forecast period?
What are the current and future market trends of the Automotive Airbag Silicone market?
What are the sales and price analysis of the product by types, applications, and regions?
What are the expected opportunities for the companies and new entrants in the coming years?
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