Automotive Airbag Fabric Market

1. Presents a Research Report on Automotive Airbag Fabric Market Automotive Airbag Fabric Market Vehicle Type (Car, C/SUV, Pickup, MPV, Van, and Sports Car), by Airbag Type (Driver Airbag, Passenger Airbag, Side Airbag, Curtain Airbag, and Other Airbags), by Fabric Type (OPW fabric and Flat Fabric), by Coating Type (Coated fabric and Uncoated fabric), by Yarn Type (Polyamide Yarn and Polyester Yarn), and by Region (North America, Europe, Asia-Pacific, and Rest of the World), Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2019-2024 sales@stratviewresearch.com +1-313-307-4176 www.stratviewresearch.com Market Reports Advisory & Consulting Sourcing Intelligence

2. Automotive Airbag Fabric Market Growth and Forecast Highlights & Drivers The market for airbag fabrics is estimated to reach an estimated US$ 2,311.5 million in 2024. • The demand for airbags is proportional to the demand for vehicles; hence, influencing the demand for airbag fabrics as well. • Increasing production of automobiles fueled by rising disposable income, increasing installation of airbags per car, the introduction of more stringent safety standards, and demand for low-cost fabrics are driving the airbag fabrics market in the automotive industry. • A significant increase in the demand for airbags in vehicles has led to capacity expansions by major airbag fabric players. • For instance, in 2018, Toray Industries opened an airbag nylon fiber and fabric manufacturing and distribution plant at its Mexican subsidiary: Toray Advanced Textile Mexico, S.A.de C.V. Similarly, in 2017, Hyosung Corporation (Global Safety Textiles) opened an airbag fabric manufacturing facility in Torreon, Mexico, which will make enough fabrics to manufacture 30 million units of airbags annually. • North America and Europe are also the major markets and are anticipated to generate considerable demand for airbag fabrics in the coming five years. • www.stratviewresearch.com 2

3. Market Insights By Vehicle Type • C/SUV is expected to remain the largest airbag fabric market over the next five years. • The vehicle type (C/SUV) is also likely to witness the highest growth during the same period, fueled by the trend of the shift from sedans and hatchbacks towards SUVs. By Airbag Type • Curtain airbag has been the largest consumer of airbag fabrics in the automotive industry. This airbag type is also likely to witness the highest growth during the forecast period. • An increase in penetration of curtain airbags in vehicles coupled with the increasing share of SUVs in light vehicles production is leading to the higher growth of curtain airbags in the market. By Yarn Type • Polyamide 6.6 is the most widely used yarn for making airbag fabrics and is likely to remain the most dominant yarn type in the market. • Polyester yarn is expected to grow at a faster rate over the next five years, owing to its lower cost and increasing adoption in the knee and curtain airbags, mainly in the USA and Europe. www.stratviewresearch.com 3

4. Market Insights By Region • Asia-Pacific has been the largest market for airbag fabrics, primarily propelled by China, Japan, South Korea, and India. • China and India are the growth engines of the Asia-Pacific market due to a continuous increase in the demand for vehicles and the introduction of stringent safety standards. • North America and Europe are also the major markets and are anticipated to generate considerable demand for airbag fabrics in the coming five years. • The USA and Mexico are the major markets in North America, whereas Germany, France, the UK, and Russia are the major markets in Europe. The fitment rate of airbags in Europe is higher than in North America and Asia-Pacific. www.stratviewresearch.com 4

5. Competitive Insights New product development, advancement in automotive airbag safety features, execution of mergers and acquisitions, and collaboration with OEMs are the key strategies adopted by the major players to gain a competitive edge in the market. Key Companies Analysed • Elevate Textiles, Inc. • Highland Industries, Inc. • HMT (Xiamen) New Technical Materials Co., Ltd • Hyosung Corporation • Indorama Ventures Public Company Limited • Kolon Industries, Inc. • Milliken & Company • N.I. Teijin Airbag Fabric (Nantong) Co., Ltd. • Porcher Industries SA • Toray Industries, Inc. • Toyobo Co., Ltd. www.stratviewresearch.com 5

6. Research Methodology Stratview Research follows a rigorous methodology with high emphasis on primary research and multiple ways of data triangulation. We conduct primary research across the value chain to provide 360 degree view of the market. Stratview Research Internal Knowledgebase Secondary Research Primary Research • Annual Reports / Fact Book • Company Websites • Magazines / Publications • Press Releases & Journals • Industry News • Association Articles • Government Documents • Social Media • Others • Robust database across value chain • In-house industry veterans as advisors • Project based subject matter experts • Industry Players • Industry Experts • Suppliers • Customers • Associations • Government Institutions • Others Data Analysis (Top Down and Bottom Up Approach) Data Triangulation (Data Evaluation and Multiple Data Triangulation) Final Deliverables (Final Report with All Findings) www.stratviewresearch.com 6

7. Report Features This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights on the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report: Market structure: Overview, industry life cycle analysis, supply chain analysis. • • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis. Market trend and forecast analysis. • Market segment trend and forecast. • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc. • Attractive market segments and associated growth opportunities. • Emerging trends. • Strategic growth opportunities for the existing and new players. • Key success factors. • www.stratviewresearch.com 7

8. Market Segmentation By Vehicle Type • Car • C/SUV • Pickup • Van • MPV • Sports Car By Airbag Type • Driver Airbag • Passenger Airbag • Side Airbag • Curtain Airbag • Other Airbag By Fabric Type • OPW(one-piece woven) Airbag Fabric • Flat Airbag Fabric www.stratviewresearch.com 8

9. Market Segmentation By Coating Type • Coated Airbag Fabric • Non- Coated Airbag Fabric By Yarn Type • Polyamide Airbag Fabric • Polyester Airbag Fabric By Region • North America (Country Analysis: The USA, Canada, and Mexico) • Europe (Country Analysis: Germany, France, The UK, Italy, Russia, and Rest of Europe) • Asia-Pacific (Country Analysis: Japan, China, South Korea, India, and Rest of Asia-Pacific) • Rest of the World (Country Analysis: Brazil, Argentina, and Others) www.stratviewresearch.com 9

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