What is Airbag Fabric Market?
Airbags are highly used to protect drivers & passengers of any automobile in an accident or sudden impact. Airbags are a part of the primary safety tool integrated in most automobiles. Airbags inflate through a sudden impact so help to sidestep any direct injury to the passengers. These are made from highly advanced materials that can endure the unexpected inflation of a gas with no interruption during the process. Neoprene coated, silicone coated, and non-coated airbags are used. Polyamide, and polyester yarn type are used in airbag manufacturing. The fabric used for airbags essentials to show two critical properties: high tensile strength as well as very low gas permeability. Furthermore, it also need to hold elasticity, light weight or low specific density, as well as fatigue resistance. The increasing demand from automotive industry boost the global airbag fabric market growth over the coming years.
The market study is being classified by Type (Flat Airbag Fabric and OPW (one-piece woven) Airbag Fabric), by Application (Front Airbag, Side Airbag, Knee Airbag, Curtain Airbag and Others) and major geographies with country level break-up.
Hyosung Corporation (South Korea), Toyobo Co., Ltd. (Japan), Toray Industries, Inc. (Japan), Kolon Industries (South Korea), Safety Components Fabric Technologies Inc (United States), Highland Industries, Inc.(United States), Takata Corporation (Japan), Porcher Industries SA(France), UTT Technische Textilien GmbH & Co.(Germany) and Paragon Textile Mills Pvt. Ltd.(India) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Milliken & Company (United States), Toyoda Gosei Co., Ltd.(Japan) and TEIJIN FRONTIER CO., LTD. (China).
Key players in the global airbag fabric market are using strategies such as new fabric development, improvements in automotive airbag safety features, as well as collaboration with OEMs to gain a competitive edge in the market. Research Analyst at AMA predicts that Japanese, South Korean, and German Vendors will contribute to the maximum growth of Global Airbag Fabric market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Airbag Fabric market by Type, Application and Region.
On the basis of application, Front Airbag segment is dominating the market in the year 2019
On the basis of geography, the market of Airbag Fabric has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Europe region held largest market share in the year 2019. North America on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Increasing consumer demand for cars and vehicles
- Technological developments in fabrics
- Increasing disposable income
Market Trend
- Increasing usage in aerospace industry
Restraints
- Fluctuating raw material prices
Opportunities
- Continuous surge in the demand for vehicles & introduction of strict safety standards
In United States, in 1998, (FMVSS) Federal Motor Vehicle Safety Standard 208 was amended to require dual front airbags, & reduced-power, second-generation airbags were also mandated. This was owing to the injuries affected by first-generation airbags, though FMVSS 208 continues to require that bags be engineered & calibrated to be able to "save" the life of an unbelted 50th-percentile size. Technical performance as well as validation necessities for the inflator assembly used in airbag modules are specified in SAE USCAR 24-2.These regulations are likely to increase the demand for the airbag fabric over the coming years.
Key Target Audience
Airbag Fabric Manufacturers, Airbag Fabric Distributors/Traders/Wholesalers, Raw material suppliers, Industry Association, Automotive industry, Aerospace industry and Downstream Vendors
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