ID: MRFR/AM/8948-HCR | March 2021 | Region: Global | 100 pages
Airbags are used to protect the passengers on-board in case of accidents and auto-collision. The fabric used for making airbags is flexible and possesses high tensile strength and heat resistance with low air permeability and better energy absorption. The most common airbag fabrics used are nylon 6.6, nylon 6, and nylon 4.6.
Airbags and airbag fabric materials have evolved significantly over the many years since their introduction to vehicles. The general characteristics of airbag fabrics are high strength, energy absorption, temperature stability, and coating adhesion. The airbag is made up of highly dense and plain-woven fabric. Airbags play a vital role in protecting drivers and passengers of any automobile during an accident or sudden impact. Airbags are a part of the primary safety mechanism incorporated in most automobiles. Airbags inflate during a sudden impact and help avoid any direct injury to the passengers. Airbags are made from highly advanced materials, which can withstand the sudden inflation of gas without rupturing during the process. Airbags are made of several materials which are impermeable to gas; however, Nylon 6,6 is the preferred choice of fabric for airbags. Airbags are also made of aramid fabric; however, the cost of aramid is substantially high and hence, it is reserved for niche applications. The fabric used for airbags needs to exhibit two critical properties: high tensile strength and very low gas permeability. Moreover, it also needs to possess elasticity, lightweight or low specific density, and fatigue resistance.
The automotive industry has been witnessing the most potentially disruptive decade with advancements on several fronts including autonomous driving, connected vehicles, alternative fuel vehicles, lightweight vehicles, and blockchain. Passenger safety has been the focused area of the industry as several countries are implementing the stringent government regulations by mandating the airbags, especially in driver and passenger side. These trends are imprinting an overall positive sign on the demand for airbag fabrics. A significant increase in the demand for airbags in vehicles has led to capacity expansions by major airbag fabric players. For instance, in 2018, Toray Industries opened an airbag nylon fiber and fabric manufacturing and distribution plant at its Mexican subsidiary: Toray Advanced Textile Mexico, S.A.de C.V. Similarly, in 2017, Hyosung Corporation (Global Safety Textiles) opened an airbag fabric manufacturing facility in Torreon, Mexico, which will make enough fabrics to manufacture 30 million units of airbags annually. Additionally, the automotive airbag fabric market is majorly growing on account of increasing automobile sales and increase in installation of air bags per car. Stringent safety standards to ensure more safety for passengers and driver are further fueling the marker growth. Also, rising concern regarding the passenger safety is projected to push the market demand upwards in forecasting period.
There have been developments in airbags, another factor stimulating the demand for it in the market. For instance, in June 2019, ZF Friedrichshafen AG, a leading vehicle safety technology company, developed the world’s first pre-crash occupant safety system with an external side airbag, which has a capacity between 280 and 400 liters (five to eight times the volume of a driver airbag).
Global Automotive Airbag Fabric Market has been segmented By Yarn Type, Coating Type, Vehicle Type, Airbag Type and Region. Based on Yarn Type, the global Automotive Airbag Fabric market can be bifurcated into Polyamide and Polyester. The Polyamide segment is anticipated to grow at a significant CAGR in the coming years. By Coating Type, the Automotive Airbag Fabric market has been split into Neoprene Coated, Silicone Coated, and Uncoated. The Neoprene Coated segment held a sizeable share and is anticipated to grow at a significant CAGR in the coming years. By vehicle type, the Automotive Airbag Fabric market has been split into Passenger Cars, Light Commercial Vehicles, Heavy Trucks, and Buses & Coaches. The passenger cars segment held a sizeable share and is anticipated to grow at a significant CAGR in the coming years. By Airbag Type, the Automotive Airbag Fabric market can be bifurcated into Front Airbag, Side Airbag, Knee Airbag, Curtain Airbag, and Other Airbags. The Front Airbag segment is anticipated to grow at a significant CAGR in the coming years.
Global Automotive Airbag Fabric Market size is anticipated to register a significant CAGR of 5% between 2020 and 2026.
Global Automotive Airbag Fabric Market is expected to witness moderate growth during the forecast period owing to the increase in installation of air bags per car and rising concern regarding the passenger safety. These factors are expected to drive the demand for Automotive Airbag Fabric in the coming years.
Based on Region, the Global Automotive Airbag Fabric market has been segmented into North America, Europe, Asia-Pacific, and the rest of the world. Asia-Pacific has been the largest market for airbag fabrics, primarily propelled by China, Japan, South Korea, and India. China and India are the growth engines of the Asia-Pacific market due to a continuous increase in the demand for vehicles and the introduction of stringent safety standards.
North America and Europe are also the major markets and are anticipated to generate considerable demand for airbag fabrics in the coming five years. The US and Mexico are the major markets in North America, whereas Germany, France, the UK, and Russia are the major markets in Europe. The fitment rate of airbags in Europe is higher than in North America and Asia-Pacific.
Key Players in the Global Automotive Airbag Fabric market are Global Safety Textiles (Hyosung), HMT (Xiamen) New Technical Materials Co., Ltd., Asahi Kasei Co., Ltd., Autoliv AB, Kolon Industries, Takata Corporation, Teijin Limited, Toray Industries, Toyobo Co., Ltd., and Toyota Boshoku Corporation.
|Market Size||2027: Significant Value|
|Forecast Units||Value (USD Million)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||Yarn Type,|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||Global Safety Textiles (Hyosung), HMT (Xiamen) New Technical Materials Co., Ltd., Asahi Kasei Co., Ltd., Autoliv AB, Kolon Industries, Takata Corporation, Teijin Limited, Toray Industries, Toyobo Co., Ltd., and Toyota Boshoku Corporation|
|Key Market Opportunities||Increase in the demand for vehicles and the introduction of stringent safety standards|
|Key Market Drivers||