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

Market Overview

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:

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: 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

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 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 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

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.