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. 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. However, the automotive airbag silicone market is expected to rise in the following years due to a gradual recovery in airbag fabric and airbag production beyond 2020.

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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. Moreover, the industry players in the region are emphasizing on reducing supply chain gaps, rising number of road accidents and fatalities, and surge in driver and passenger safety will fuel the growth in the region.

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.