The Global Automotive Airbag Silicone Market Size is Projected to Reach USD 536 Million by 2027, from an Estimated Value of USD 239 Million in 2020, at a 17.8% CAGR.

Initially, demand for airbags was restricted in most regions to frontal airbags. In2012, however, the EU required the introduction, in addition to frontal airbags, of head-protecting airbags and side airbags, which propelled the market for curtain/side and other airbag styles.

The Asia Pacific is expected to lead the market in the forecast period 2020-2025. Increased demand in countries like China, Japan, South Korea, and Thailand can be attributed to international development due to cost-effectiveness and regional airbag firms optimizing their presence to reduce supply chain costs. On the other hand, because of the lack of supplier involvement, countries such as India are highly dependent on outsourcing to meet the demand for fabric and automotive airbag silicone.

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During activation, airbags generate heat that can increase the risk of burning the occupants. Without the airbag ripping or tearing during deployment, applying a silicone coating to the airbag will dissipate/contain this heat. In contrast to alternatives such as neoprene coating, airbags treated with a silicone coating often allow fast deflation once the peak inflation pressure is reached, along with added benefits such as thermal resistance and airbag safety.

Electric vehicle demand is pushing car manufactures to invest in technologies for electric cars. Different investment plans have been announced by several OEMs to build and launch new electric vehicles. Growing customer demand for electric cars is projected to provide the automotive airbag silicone industry with a growth opportunity during the forecast period.

Car manufacturers fail to include passive protection systems to comply with safety legislation while ensuring a balance between performance and price in price-sensitive markets such as India, South Africa, Brazil, and other ASEAN nations.

The need and number of airbags per car is expected to decrease with the increasing penetration of these devices to prevent injuries. During the forecast era, this estimated decrease in airbags per car is expected to hamper the demand for silicones and hamper the need for automotive silicone airbags.

Key Market Players

• Wacker Chemie AG (Germany)
• Dow Corning Corporation (U.S.)
• Momentive (U.S.)
• Elkem Silicone (U.S.)
• Shin-Etsu Chemical Co., Ltd. (Japan)
• Rogers Corporation (U.S.)
• Nusil (U.S.)
• Bostik (U.S.)
• Evonik Industries AG (Germany)
• KCC Corporation (South Korea)
• ACC Silicones Ltd (U.K)
• CSL Silicone Inc. (Canada)
• Kaneka Corporation (Japan)