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(Transportation-News.com, February 13, 2019 )
Stratview Research announces the addition of a new market research report on Global Automotive Airbag Fabric Market by Vehicle Type (Compact Car, Mid-size Car, Large Car, MPV & LCV, SUV, and Others), by Application Type (Front Airbag, Side Airbag, Knee Airbag, Curtain Airbag and Other Airbags), by Yarn Type (Polyamide and Polyester), by Coating Type (Neoprene Coated, Silicone Coated, and Non-Coated), by Product Type (Flat Airbag Fabric and OPW Airbag Fabric), and by Region (North America, Europe, Asia-Pacific and Rest of the World), Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2016 – 2021.
The Global Automotive Airbag Fabric Market: Highlights
Stratview Research foresees a strong growth of CAGR 7% in the global automotive airbag fabric market over the next five years (2016 – 2021), which offers an opportunity to the fabric, textile and yarn industry players to align themselves with the market growth.
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There are several factors bolstering the growth of airbag fabric in the global automotive industry. The author of the report cited increasing production of automobiles fueled by rising disposable income, increasing installation of airbags per car, introduction of more stringent safety standards, and demand for low cost fabrics as the factors driving the airbag fabric market in the automotive industry.
As per the study, compact car is expected to remain the largest market for airbag fabrics in terms of vehicle type over the next five years, driven by increasing production in the Asia-Pacific and the European regions. The vehicle type (compact car) is also likely to witness the fastest growth for the same period, owing to rising demand in the Asia-Pacific region mainly in Japan, China, and India, and high congested cities in the developed countries.
In terms of airbag type, curtain airbag has been the largest consumer of the airbag fabrics in the global automotive industry and is also likely to witness the fastest growth for the same period.
Polyamide 6.6 which is the most widely used yarn for making airbag fabrics, is likely to remain the most dominant yarn type in the global automotive airbag fabric market. However, 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 US and Europe.
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Source: EmailWire.Com 
Source: EmailWire.com
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