Airbag Textile Market Research Report Information By Type (PET OPW Airbag Fabric, Nylon OPW Airbag Fabric, Nylon Flat Airbag , PET Flat Fabric), By Application (Front Airbag, Side Airbag, Knee Airbag, and Curtain Airbag), By Coating Type (Front Airbag, Si

Airbag Textile Market Research Report Information By Type (PET OPW Airbag Fabric, Nylon OPW Airbag Fabric, Nylon Flat Airbag , PET Flat Fabric), By Application (Front Airbag, Side Airbag, Knee Airbag, and Curtain Airbag), By Coating Type (Front Airbag, Side Airbag, Knee Airbag, and Curtain Airbag), By Vehicle Type (Passenger Vehicle, and Commercial Vehicle) And By Region (North America, Europe, Asia-Pacific, Middle East & Africa, and South America) –Industry Forecast Till 2032

In 2022, the airbag textile market was valued at USD 1,106.2 million. The global airbag textile market is expected to increase from USD 1,164.9 million in 2023 to USD 1,992.6 million in 2032, with a compound yearly growth rate (CAGR) of 6.1% during the forecast period (2023-2032).

The increase in the number of traffic accidents has had a considerable impact on the airbag textile business. As driving mishaps continue to rise, there is a greater emphasis on safety measures, notably in the automotive industry. This has increased demand for airbags, accelerating the expansion of the airbag textile industry. Airbags are essential for reducing the impact of collisions and protecting drivers from serious injury. With the increase in traffic accidents, automotive manufacturers and consumers have become more aware of the need of airbags. This increased awareness has accelerated the deployment of airbag systems in vehicles, resulting in a greater demand for airbag textiles. To accommodate increased demand, the airbag textile market has seen advances in technology and material innovation. Manufacturers are constantly producing long-lasting, lightweight textiles that can be easily deployed in the case of an accident. As a result, the market has seen an increase in R&D activities focused at improving the overall safety of airbag fabrics.

Market Segment insights

The Airbag Textile market is segmented into four types: PET OPW Airbag Fabric, Nylon OPW Airbag Fabric, Nylon Flat Airbag, and PET Flat Fabric.

The Airbag Textile market is divided into two segments based on vehicle type: passenger and commercial vehicles.

Regional insights

Asia-Pacific has the largest market share of 48.1% in the Airbag textile market, which was valued at USD 531.9 million in 2022 and is expected to reach USD 966.4 million in 2032, rising at a CAGR of 6.2%. The Asia-Pacific airbag textile market is expanding, with manufacturers and suppliers producing a wide range of airbag fabrics such as nylon, polyester, and others. The market is driven by rising demand for airbags in the automobile sector, as well as safety requirements and increased awareness of road safety. Technological improvements and the usage of environmentally friendly materials have also had an impact on the industry.

The North American airbag fabric market is a rapidly expanding business that produces materials for airbags used in a variety of vehicles. Airbags are an important safety component in automobiles, and there is a growing demand for high-quality automotive airbag materials as passenger safety concerns rise. Furthermore, the growing number of government rules requiring the usage of airbags in automobiles has aided in the expansion of this industry. The market has grown significantly as technology has advanced and new materials have been developed. Manufacturers are increasingly working on manufacturing airbag textiles that are lightweight, long-lasting, and affordable.

The European airbag textile business is a fast-growing industry that produces fabrics for airbags in a variety of cars. Airbags are an important safety feature in automobiles, and the demand for high-quality airbag textiles is increasing as the number of vehicles on the road grows. Furthermore, the increasing number of legislations requiring the usage of airbags in automobiles has aided in the expansion of this industry. The market has grown significantly as technology has advanced and new materials have been developed. Manufacturers are increasingly working on manufacturing airbag materials that are lightweight, long-lasting, and affordable.

Major Players

The competitive landscape includes significant players like Autoliv, Inc., Global Safety Textiles, HMT New Technical Materials Co. Ltd., Indorama Ventures, Joyson Safety Systems, Asahi Kasei Co. Ltd., Autoliv China, Teijin Limited, Toray Industries, and Toyobo Co. Ltd.