Airbag Propellant Chemicals Market

Airbag Propellant Chemicals Market: Global Industry Analysis and Opportunity Assessment 2016-2026

  • Ongoing
  • June 2020
  • REP-GB-1845
Airbag Propellant Chemicals Market

  • US$5,000
  • US$7,500
  • US$10,000

This Airbag Propellant Chemicals market study offers a comprehensive analysis of the business models, key strategies, and respective market shares of some of the most prominent players in this landscape. Along with an in-depth commentary on the key influencing factors, market statistics in terms of revenues, segment-wise data, region-wise data, and country-wise data are offered in the full study. This study is one of the most comprehensive documentation that captures all the facets of the evolving Airbag Propellant Chemicals market.

Airbag propellant chemicals are used to bring about rapid inflation of an airbag as soon as sensor of automobile senses the crash force above a predetermined value in case of a collision. Chemical used for the airbags should react or decompose spontaneously so as to produce enough amount of required gas for the instantaneous inflation and deflation of the airbags. In case of a collision, airbag’s electrical circuit passes current towards the heating element which in turn causes the chemical explosion through which certain amount of gas is generated so as to inflate the airbags. Some of the chemicals that are commonly used to effect this controlled explosive reaction include sodium azides, ammonium nitrate, and Potassium 5-amino tetrazole among others. Along with propellant chemicals certain additives are used in order to neutralize effect of the chemical before exposure to the occupants. The demand for the airbag that adhere to stringent government regulations has resulted in efforts towards development and adoption of new propellant chemicals over the recent past.  

Airbag Propellant Chemicals Market Dynamics:

Market Growth Analysis

Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.

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In general, demand for airbag propellant chemicals is expected to be driven primarily by increasing automotive production. Moreover, increasing adoption of airbags in automobiles especially in developing economies of the globe including China and India among others is expected to further drive the growth of global airbag propellant chemicals market over the forecast period. Furthermore, growing demand for airbags from marine applications ranging from those in smaller boats to larger ships is also expected to steadily drive growth of global airbag propellant chemicals market during forecast period. On the other hand, stringent government regulations coupled with fatalities and instances such as faulty deployment of airbag and airbag rupture among others have prompted the industry to develop safer and reliable alternatives to conventionally used chemicals. Thus, trend of adopting alternative propellant chemicals is expected to be witnessed in global airbag propellant chemicals market during forecast period.

Airbag Propellant Chemicals Market Segmentation

Airbag Propellant Chemicals Market: Regional Outlook

Depending on geographies of the globe, global airbag propellant chemicals market has been segmented in to North America, Western Europe, Eastern Europe, Asia-Pacific excluding Japan(APEJ), Japan, and Middle East & Africa (MEA). Mature markets namely North America and Western Europe accounted for a major share in overall global airbag propellant chemicals consumption in the recent past. Growth in consumption of airbag propellant chemicals in regions such as APEJ, spearheaded by countries such as China, India among others is expected to register a relatively faster growth owing to steady growth in automotive production and increasing penetration of airbags across various segments

Airbag Propellant Chemicals Market Players

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments and geographies.

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts, and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macroeconomic indicators and governing factors, along with market attractiveness within the segments. The report also maps the qualitative impact of various market factors on market segments and various geographies.

NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of Future Market Insights.

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Depending on the product type or type of propellant used, global airbag propellant chemicals market can be segmented as follows:

  • 5-amino tetrazole
  • sodium azide
  • ammonium nitrate
  • potassium nitrate
  • ammonium perchlorate
  • Others

Depending on the application, global airbag propellant chemicals market has been segmented as:

  • Automotive
    • Passenger vehicles
    • Light commercial vehicle
    • Heavy commercial vehicles
  • Aircraft
  • Marine
  • Others

Some of the players operating in global airbag propellant chemicals market value chain include

  • Island Pyrochemical Industries (IPI)
  • Sanming Coffer Fine Chemical Industrial Co., Ltd.
  • Corvine Chemicals & Pharmaceuticals Ltd.,
  • Specialty Chemical Industries Inc.
  • Hangzhou Widechemical Co., Ltd.
  • Island Veer Chemie (P) Ltd.

The report covers exhaustive analysis on:

  • Market Segments
  • Market Dynamics
  • Market Size
  • Supply & Demand
  • Current Trends/Issues/Challenges
  • Competition & Companies involved
  • Value Chain

Regional analysis includes:

  • North America
  • Latin America
  • Asia Pacific
  • Japan
  • Western Europe
  • Eastern  Europe
  • Middle East & Africa

Report highlights:

  • Detailed overview of parent market
  • Changing market dynamics in the industry
  • In-depth market segmentation
  • Historical, current and projected market size in terms of volume and value
  • Recent industry trends and developments
  • Competitive landscape
  • Strategies of key players and products offered
  • Potential and niche segments, geographical regions exhibiting promising growth
  • A neutral perspective on market performance
  • Must-have information for market players to sustain and enhance their market footprint
Frequently Asked Questions

What research methodology is used to develop the Airbag Propellant Chemicals Market report?
  • FMI utilizes three branched methods to derive market measurements used to compile any report study (data derivation, triangulation and validation).
  • These approaches include accumulating data from both primary and secondary sources
  • Primary research involves interviews with industry operators and FMI's network of contacts spanning the world's value chain of the Airbag Propellant Chemicals Market. This is supported by a comprehensive literature analysis of information gathered through secondary sources
  • Analysis of several middle market stakeholders for country-wise data

In addition to up-to-date market figures and customized of the Airbag Propellant Chemicals Market, FMI offer consulting services to help businesses within industry navigate challenges and take well-informed decisions amidst the breakneck competition.

  • Most of the competitors are segregated according to their market share in 'Tier' wise statures.
  • Global market participants are scrutinized and global competition metrics are included with numerous competitor profiles referring to their business background and go-to market strategies.
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Harish Tiwari

Harish Tiwari

Global Head - Business Development

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