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Automotive Airbag Silicone Market Is Anticipated To Grow At an 18.8% CAGR During

The COVID-19 outbreak, which resulted in a reduction in airbag fabric output, has had a major impact on the automotive airbag silicone industry. In terms of material components, this impact has produced a global supply chain disruption. The well-established industry players such as Toray Industries Inc, UTT Technische Textilien GmbH & Co KG, TOYOBO Co. Ltd., etc. have halted their production partially or fully during the coronavirus epidemic. Additionally, the COVID-19 outbreak, airbag fabric, and silicone providers are expected to reduce their R&D spending on automotive airbag silicone.

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Automotive Airbag Silicone Market Is Anticipated To Grow At an 18.8% CAGR During

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  1. Global Automotive Airbag Silicone Market

  2. About VynZ Research… • VynZ Research is a global market research firm offering research, analytics, and consulting services on business strategies. We have a recognized trajectory record and our research database is used by many renowned companies and institutions in the world to strategize and revolutionize business opportunities. The company focuses on providing valuable insights on various technology verticals such as Chemicals, Automotive, Transportation, Energy, Consumer Durables, Healthcare, ICT and other emerging technologies. • VynZ Research has one of the most qualified & experienced analysts, who are constantly tracking the markets and the technologies. The research team has years of proven experience and wide knowledge & understanding of the technology, application, business models, and regulators of the segments and the value chain involved. • A trusted & proven methodology that involves highest quality of primary research, secondary analysis collated & verified through various sources including cross checking with different industry experts. • Serving wide range of customers most of them from Fortune 2000 companies • With a dedicated 24x7 customer helpline our customers can reach for specifying their needs • Developing long term relationship with the clients and satisfying them is one of the crucial notches of the company. VynZ Research aims at gaining and retaining its clients in order to make long term customer relationship.

  3. Global Automotive Airbag Silicone Market The global automotive airbag silicone market is anticipated to grow at an 18.8% CAGR during 2021-2027 owing to the rising number of airbags per vehicle, mounting demand for electric vehicles, and a number of airbags installed in commercial cars rises will drive the growth of the market. Silicon-coated airbags with neoprene coating provide several advantages, including quick deflation, temperature resistance, and airbag safety. Nevertheless, the strict safety regulations and increased installations along with rising demand for frontal, curtain/side, and knee airbags will propel the growth of the automotive airbag silicone market. The COVID-19 outbreak, which resulted in a reduction in airbag fabric output, has had a major impact on the automotive airbag silicone industry. In terms of material components, this impact has produced a global supply chain disruption.

  4. Global Automotive Airbag Silicone Market Based on airbag position, the curtain/side segment is projected to contribute to the largest share in the automotive airbag silicone market. These airbags are positioned on the side of the seat or the door, commonly on the roof rail above the side windows, to help protect an adult's chest in the case of a side-impact collision or a rollover. In side-impact incidents, side airbags are predicted to lessen severe chest injuries. Curtain/side airbags create a cushion between the occupant and the window, preventing the occupant's head from colliding with the vehicle's side. Increased awareness of rollover collision deaths, enhanced lifestyles and rising disposable income, and high car production and sales have all contributed to the growth. Asia-Pacific is anticipated to have the fastest growth during the forecast period 2021-2027 owing to the increased production of silicone-coated airbags in the region.

  5. Global Automotive Airbag Silicone Market WACKER has opened a new silicone elastomer production line at its Zhangjiagang, China, facility. The plant will assist WACKER's future growth route in China and boost the supply of high consistency silicone rubber (HCR) in the Asia-Pacific region, with an annual capacity of several thousand metric tonnes. World-class kneaders are among the plant's cutting-edge equipment, which are required for producing high-quality HCR grades. The prominent players in the automotive airbag silicone industry include Wacker Chemie AG, Dow Corning Corporation, Momentive, Elkem Silicone, Shin-Etsu Chemical Co., Ltd., Rogers Corporation, Nusil, Bostik, Evonik Industries AG, KCC Corporation, ACC Silicones Ltd, CSL Silicone Inc., Kaneka Corporation.

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