Automotive Airbag Fabric Market Research Report Information By Yarn Type (Polyamide and Polyester), By Coating Type (Neoprene Coated, Silicone Coated, and Uncoated), By Vehicle Type (Passenger Cars, Light Commercial Vehicles, Heavy Trucks, Buses, and Coaches), By Airbag Type (Front Airbag, Side Airbag, Knee Airbag, Curtain Airbag, and Other Airbags), and By Region (North America, Europe, Asia-Pacific, and Rest Of The World) – Market Forecast Till 2032

Automotive Airbag Fabric Market Overview:

Automotive Airbag Fabric Market Size was valued at USD 2.8 Billion in 2022. The Automotive Airbag Fabric market Airbag Type is projected to grow from USD 3.0 Billion in 2023 to USD 4.9 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 6.48% during the forecast period (2023 - 2032). An increase in air bag installations, an increase in airbag concerns, and a rise in demand for electric vehicles, are the key market drivers enhancing the market growth.

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Automotive Airbag Fabric Market Trends

Rise in concern about passenger safety is driving the market growth

Thanks to developments in a number of fields, such as autonomous driving, connected cars, alternative fuel vehicles, lightweight vehicles, and blockchain, the automotive industry has been going through the most potentially disruptive decade. The industry has given passenger safety a high emphasis because certain countries have severe government laws requiring airbags, notably in the driver and passenger compartments. These patterns point to a rise in demand for airbag components. Due to a dramatic rise in demand for airbags in autos, top airbag fabric producers have boosted their capacity. In addition, the automotive airbag fabric market is expanding significantly as more automobiles are sold and more airbags are installed in each vehicle. Stronger safety standards that are in place to safeguard both drivers and passengers are causing the sector to expand. Additionally, it is projected that during the anticipated time range, growing concerns about passenger safety will increase market demand.

Due to rising auto sales and more air bags being installed in each vehicle, the market for automotive airbag fabric is rapidly growing. Strict safety laws intended to improve driver and passenger safety are also assisting in the market's rise. Additionally, it is anticipated that during the predicted time, rising worries about passenger safety will boost market demand.

Due to the demand for electric cars, automakers are investing in the technology. A number of original equipment manufacturers (OEMs) have announced various investment plans in order to develop and launch new electric models. Ford, for instance, stated that it will invest USD 11 billion in electric vehicles by 2022. The business aims to have 40 electric vehicles on the market by 2022, with 24 of them being plug-in hybrids and 16 being all-electric. German carmaker Volkswagen AG announced in 2019 that it would invest a total of USD 66.3 billion over the ensuing five years on the production of more electric and hybrid vehicles, with plans to deliver 75 completely electric models and 60 hybrid models. By 2020, MG Motor intends to invest USD 500 million in the design, manufacture, and marketing of electric vehicles in India. Sales of airbag fabric are expected to increase over the course of the forecast period as a result of consumers' growing preference for electric vehicles, which is expected to create new growth prospects for the automotive airbag market. Thus, driving the Automotive Airbag Fabric market revenue.

Automotive Airbag Fabric Market Segment Insights:

Automotive Airbag Fabric Yarn Type Insights

The Automotive Airbag Fabric Market segmentation, based on yarn type, includes polyamide and polyester. Polyamide segment dominated the global market in 2022. Due to its characteristics, including elasticity, fatigue resistance, energy absorption, high tensile strength and wear resistance, high tenacity, small friction coefficient, and relative density to polyester, polyamide yarn is the most popular yarn type on the market. Due to a rise in the penetration of side and curtain airbags in automobiles, polyester yarn is predicted to register a higher growth rate in the market. The fact that polyester yarns are substantially less expensive than polyamide yarns is another benefit that they offer.

Automotive Airbag Fabric Coating Type Insights

The Automotive Airbag Fabric Market segmentation, based on coating type, neoprene coated, silicone coated, and uncoated. Silicone coated segment dominated the Automotive Airbag Fabric Market in 2022. In comparison to uncoated cloth, it has better qualities. In contrast to neoprene, which was previously employed for the same purpose, silicone elastomer is primarily used as the covering material. Due to their outstanding creep resistance, superior tensile strength, high modulus, low shrinkage, dimension stability, enhanced flexibility, and low cost, uncoated fabrics are expected to rise more rapidly in the upcoming years.

Automotive Airbag Fabric Vehicle Type Insights

The Automotive Airbag Fabric Market segmentation, based on vehicle type, includes passenger cars, light commercial vehicles, heavy trucks, buses, and coaches. Passenger cars segment dominated the Automotive Airbag Fabric Market in 2022. The rising demand for passenger automobiles around the world is to blame for this.

Automotive Airbag Fabric Airbag Type Insights

The Automotive Airbag Fabric Market segmentation, based on airbag type, includes front airbag, side airbag, knee airbag, curtain airbag, and other airbags. Curtain airbag segment dominated the global market in 2022. Curtain airbags are quite good at protecting passengers from side-impact collisions. In underdeveloped countries, where frontal airbags already have a very high degree of fleet penetration, they are being deployed more frequently. Compared to developing countries like China and India, developed countries have a substantially higher curtain airbag penetration rate.

Figure 1: Automotive Airbag Fabric Market, by Airbag Type, 2022 & 2032 (USD Billion)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Automotive Airbag Fabric Regional Insights

By region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. The North America Automotive Airbag Fabric Market dominated this market in 2022 (45.80%). In the upcoming years, there will probably be a need for airbags and the materials used to make them thanks to the anticipated recovery in auto manufacturing. Further, the U.S. Automotive Airbag Fabric market held the largest market share, and the Canada Automotive Airbag Fabric market was the fastest growing market in the North America region.

Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure 2: Automotive Airbag Fabric Market Share By Region 2022 (USD Billion)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Europe Automotive Airbag Fabric market accounted for the healthy market share in 2022. This is caused by an increase in vehicle production as well as the rates at which side, curtain, and knee airbags are installed. Further, the German Automotive Airbag Fabric market held the largest market share, and the U.K Automotive Airbag Fabric market was the fastest growing market in the European region.

The Asia Pacific Automotive Airbag Fabric market is expected to register significant growth from 2023 to 2032. The main factors influencing the growth of the region are the quick expansion of light vehicle production in China and India, the rising concern for passenger safety, and the establishment of safety requirements by the respective governments. However, due to impending assembly lines and the increasing number of airbags installed in cars, it is predicted that the rest of the world will expand at the fastest rate. Moreover, China’s Automotive Airbag Fabric market held the largest market share, and the Indian Automotive Airbag Fabric market was the fastest growing market in the Asia-Pacific region.

Automotive Airbag Fabric Key Market Players & Competitive Insights

Leading market players are investing heavily in research and development in order to expand their product lines, which will help the Automotive Airbag Fabric market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their global footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, Automotive Airbag Fabric Industry must offer cost-effective items.

Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the global Automotive Airbag Fabric Industry to benefit clients and increase the market sector. In recent years, the Automotive Airbag Fabric Industry has offered some of the most significant advantages to medicine. Major players in the Automotive Airbag Fabric market, including Global Safety Textiles, HMT, New Technical Materials Co., Ltd., Asahi Kasei Co., Ltd., Autoliv AB, Takata Corporation, Teijin Limited, Toray Industries, Toyobo Co., Ltd., Kolon Industries, and Toyota Boshoku Corporation, are attempting to increase market demand by investing in research and development operations.

Elkem ASA (Elkem), a unit of Bluestar Elkem International Co Ltd SA, is a metal production company. Items composed of silicon, silicones, ferrosilicon, foundry alloys, carbon, and microsilica are available from this company. The company's carbon-based goods include cathode ramming pastes, lining materials, taphole and ladle materials, carbon electrodes, coal tar products, electrode paste, and cathode blocks. In addition to the aforementioned industries, Elkem also serves the oilfield, solar, aluminium, automotive, chemical, refractory, and ceramics sectors with metallurgic silicon and microsilica. The company has operations in Oslo and Kristiansand, Norway. Elkem's corporate headquarters are in Oslo, Norway. Elkem Silicones increased the local availability of their upstream silicones in June 2019 to meet the growing demands of the North American market. As a result of this expansion, the company's footprint in North America was strengthened.

A division of DR. Alexander Wacker Familiengesellschaft mbH, the chemical company Wacker Chemie AG (Wacker) develops, manufactures, and distributes chemicals related to silicon and ethylene. Among the many items it offers are siloxanes, silicone fluids, silicone emulsions, resins, elastomers, pyrogenic silica, and silanes. The company also manufactures binders and polymeric additives, as well as dispersible polymer powders and dispersions. It provides specific biotech and catalogue items for the fine chemical sector. Additionally, Wacker produces ultra-pure polysilicon for the solar and semiconductor sectors. The company's products are used in a variety of industries, including consumer goods, food, textiles, base chemicals, medical technology, biotechnology, electrical engineering and electronics, automotive, and construction. Asia, Europe, and the Americas are among the continents where it is in operation. Wacker's corporate headquarters are in Munich, Bavaria. In March 2019, Wacker Chemie AG opened a brand-new Wacker Academy training facility in Tsukuba, Japan. For the sealant, personal care, electronics, and automotive industries, the facility primarily offers lectures on silicone products.

Key Companies in the Automotive Airbag Fabric market include

• Global Safety Textiles


• HMT


• New Technical Materials Co., Ltd.


• Asahi Kasei Co., Ltd.


• Autoliv AB


• Takata Corporation


• Teijin Limited


• Toray Industries


• Toyobo Co., Ltd.


• Kolon Industries


• Toyota Boshoku Corporation

Automotive Airbag Fabric Industry Developments

June 2019: To satisfy the expanding demands of the North American market, Elkem Silicones increased the local availability of its upstream silicones. The company's presence in North America was strengthened as a result of this expansion.

Automotive Airbag Fabric Market Segmentation:

Automotive Airbag Fabric Yarn Type Outlook

• Polyamide


• Polyester

Automotive Airbag Fabric Coating Type Outlook

• Neoprene Coated


• Silicone Coated


• Uncoated

Automotive Airbag Fabric Vehicle Type Outlook

• Passenger Cars


• Light Commercial Vehicles


• Heavy Trucks


• Buses


• Coaches

Automotive Airbag Fabric Airbag Type Outlook

• Front Airbag


• Side Airbag


• Knee Airbag


• Curtain Airbag


• Other Airbags

Automotive Airbag Fabric Regional Outlook

• 
  North America
  
  
  
  • US
  
  
  • Canada
  
  
  
  


• 
  Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• 
  Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Australia
  
  
  • Rest of Asia-Pacific
  
  
  
  


• 
  Rest of the World
  
  
  
  • Middle East
  
  
  • Africa
  
  
  • Latin America