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(Transportation-News.com, March 06, 2019 )
As per the latest market intelligence report published by Stratview Research, the Automotive Airbag Fabric Market is progressively growing at an excellent CAGR of 7.0% in the forecasted period.
The research studies Automotive Airbag Fabric Market in the trend period of 2010 to 2015 and forecasted period of 2016 to 2021 under four segments 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 study finds –
Asia-Pacific has been the largest market for airbag fabric in the automotive industry, China, Japan, South Korea, and India being the major markets.
Compact car is expected to remain the largest airbag fabric market by vehicle type over the next five years, driven by increasing production in the Asia-Pacific and the European regions.
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.
Silicon coated airbag fabric is expected to remain the most dominant coating type.
Click here to read the detailed description: https://www.stratviewresearch.com/125/automotive-airbag-fabric-market.html
Go through the TOC: https://www.stratviewresearch.com/toc/125/automotive-airbag-fabric-market.html
Automotive Airbag Fabric Market: Highlights
The global automotive airbag fabric market is likely to grow at a healthy cumulative annual growth rate (CAGR) of 7.0% over the next five years. The demand for airbag is directly proportional to the demand for vehicles, hence, influencing the demand for airbag fabric as well. 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 are driving the airbag fabric market in the automotive industry.
The automotive airbag fabric market is segmented based on vehicle type: Compact Car, Mid-size Car, Large Car, MPV & LCV, SUV, and Others. Compact car is expected to remain the largest airbag fabric market by vehicle type over the next five years, driven by increasing production in the Asia-Pacific and the European regions.
About Stratview Research
Stratview Research is a trusted brand globally, providing high quality research and strategic insights that help companies worldwide in effective decision making.
Stratview Research
Ritesh Gandecha
+1-313-307-4176
sales@stratviewresearch.com
Source: EmailWire.Com 
Source: EmailWire.com
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