Automotive Airbag Yarn Market Scope
The Automotive airbag yarns are one type of passive safety systems that used in transportation such as cars, trains, buses, marine vehicles and air planes. The Automotive airbag yarns offer latest features and technology that can minimize the fatality rates during accidents. Major driving factors for the increase of automotive airbag yarns are high tensile strength, low air permeability and better coating adhesion. This factor is expected to boost the global market. The major companies are adding more proven technologies systematically and strategically in Asia-Pacific countries as these countries are focused on decrease of the accidental fatalities.
According to AMA, the Global Automotive Airbag Yarn market is expected to see growth rate of 7.1% Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global Automotive Airbag Yarn market throughout the predicted period.
Toray Industries (Japan), Asahi Kasei Fibers & Textiles (Japan), Hyosung (South Korea), Invista (United States), Nexis Fibers (Slovakia), Toyobo (Japan), Ascend Performance Materials (United States), Autoliv Inc. (Sweden), Takata Corporation (Japan) and ZF TRW Automotive Holdings Corp. (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Toyoda Gosei Co., Ltd (Japan) and Nihon Plast Co. (Japan).
Segmentation Overview
The study have segmented the market of Global Automotive Airbag Yarn market by Type (Driver Airbags, Passenger Airbags, Side Airbags, Curtain Airbags, Knee Airbags and Other), by Application (Compact Car, Mid-Size Car, Large Car, MPV & LCV, SUV and Others) and Region with country level break-up.
On the basis of geography, the market of Automotive Airbag Yarn 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).
Influencing Trend:
Value Oriented Customers. and Automotive airbag yarn growth with Increase of Premium Consumer
Market Growth Drivers:
Increase in Number of Road Accidents Boost the Use of Automotive Airbag Yarn. and Government Stringent Regulations Associated with Passenger’s Safety.
Challenges:
In Some Situations the Automotive Airbag Yarn Injured Passengers.
Restraints:
High Cost Associated With Automotive Airbag Yarn. and Difficult to Re position the Next Deployment of automotive airbag yarn.
Opportunities:
The SUVs, MPVs And LCV Offer a Robust Growth in Automotive Airbags Yarn. and Rise in Demand of Automotive Airbag Yarn in Emerging Countries.
Market Leaders and their Expansionary Development Strategies
In March 2019, Thai chemicals company Indorama Ventures (IVL) acquired a German airbag yarn manufacturer UTT Beteiligungsgesellschaft mbH. This acquisition is beneficial in providing integrated supplier of airbag yarns and textiles in the automotive sectors in Europe regions.
In September 2022, Toray Industries, Inc. plans to increase the shipment price of nylon 66 yarn and fabric for automotive airbags by up to 35%. This is because the price of nylon 66 polymer, a key material for automobiles, remains high. airbag yarns and fabrics. This is a situation where crude oil prices surged due to increased demand following the global economic recovery and concerns about supply and demand following Russia's invasion of Ukraine.
Key Target Audience
Automotive Airbag Yarn Manufacturers, Automotive Airbag Yarn Traders, End-Use Market Participants of Different Segments of Automotive Airbag Yarn, Government and Research Organizations, Associations and Industrial Bodies, Research and Consulting Firms, R&D Institutions and Others
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.