USD 4.23 billion
Report ID:
SQMIG15A2430 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|Tables:
64
|Figures:
74
Global Silicone Fabrics Market size was valued at USD 4.23 billion in 2022 and is poised to grow from USD 4.41 billion in 2023 to USD 6.13 billion by 2031, growing at a CAGR of 4.2% in the forecast period (2024-2031).
Silicon clothing of worldwide magadha especially in automotive, industry for industrial enterprises, development of safe magadha, Asbab-Farnichar-Industry and advanced clothing in fool-clad-breaking design for easy smell of stainless clothing, air holes, and many advantages. These advantages have led airbag manufacturers and automotive OEMs to switch from plain fabric to silicone-coated fabric for airbags.
A major cause is the use of silicone-based fabrics in protective clothing, which are specifically designed, processed, or manufactured to protect workers from the internal environment that are difficult or for hazardous work environments. Some protective clothing is also designed to protect workers from work environments due to infection or contamination. Some major end-use industries that require protective clothing are military, sports, mining, oil and gas, chemical industry, and many others Examples of body/skin protection are lab coats, coveralls, vests, jackets, aprons, safety glasses, ear plugs, . protective shoes, surgical gowns, full body clothing and ear protection.
Global Market Size
USD 4.23 billion
Largest Segment
Polyamide
Fastest Growth
Growth Rate
4.2% CAGR
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Based on type, the silicone fabrics market is segmented into silica, fiberglass, polyamide and aramid/glass blend. The silicone fabrics market is also segmented on the basis of application into automotive industry, consumers and industrial industry. Based on region, the silicone fabrics market is segmented into North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa.
Analysis by Type
The fiberglass segment accounted for the largest share of the overall silicone fabrics market. This growth can be attributed to low cost, high performance, suitability for multiple industrial applications, corrosion resistance and UV support for the growth of the silicone fabrics market.
The polyamide segment is primarily driven by the growing demand for airbags across the globe. Moreover, it is supported by strong government regulations in both developed and developing countries. Polyamide yarn can be as strong as steel and fine spider-like rope. The fabric can exhibit a very close silk-like weave. Widely used for airbags, the polyamide segment is expected to grow rapidly in the coming years in line with government standards for airbag demand across the globe.
Analysis by Application
The industry segment emerged as a leader due to increased FDI and rapid technological development in developing countries such as China, India and Brazil. The industrial sector dominated the global silicone fabrics market by 2022, more than half of total market share.
Silicone-based automotive fabrics offer useful properties such as waterproofing and softening properties in the automotive segment. These fabrics can be used in automobiles, such as seat and door panels. Silicone can be sprayed onto dry clothes or applied to or tucked into clothes.
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Asia Pacific dominates the market share owing to demand from manufacturing and automobile manufacturing. The silicone fabrics market has enjoyed a steady growth driven by automotive and airbag manufacturing in the region, sector growth, and double-digit growth in the healthcare and medical sectors. Asia-Pacific is the fastest growing regional market due to the rapid growth of technology in the region. Emerging countries like India, South Korea, Thailand and Malaysia have growth potential. The Asia-Pacific region in the silicon fabrics market has witnessed a steady growth owing to the increasing automotive segment coupled with airbag manufacturing in the region.
North America is driven by the expanding industrial segment in the region. Key industries in the US. includes processes, technologies, and processes that drive demand for silicone-based fabrics. Additionally, laws in this region mandate the use of durable high-performance clothing that can protect the wearer from threats. With physicians becoming more aware of energetic medical practices, the demand for protective clothing in the health/medical industry is on the rise.
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Drivers
Increasing Number of Airbags Per Vehicle
Rapid Growth in Aging Population to Boost Biomedical Textiles Market
Restraints
The Availability of Affordable Options Creates Fierce Competition in the Market
Changes in Raw Material Prices affect Market Dynamics
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The competitive environment of the global Silicone Fabrics market is dynamic and characterized by the presence of a mix of well-established brands, emerging players, and niche producers. Innovation is a key competitive factor.
Top Player’s Company Profiles
Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research. Strict government regulation of safety protection, safety services, growing protective clothing, and the growth of property and engineering services. Silicone-coated airbags enable faster deflection when peak burst pressure is reached, and other advantages such as airbag protection, heat resistance, when compared to alternatives such as neoprene coatings, in addition to better compatibility of silicone and nylon and others specifically airbag materials. Being chemically inert, it can form a moisture-resistant barrier, due to these advantages, silicone-coated fabrics will surely become more popular for use in automotive airbags. Thus, the demand for silicone fabric in automotive airbag manufacturing is expected to increase in the coming years due to safety regulations, and rising demand for knee, fabric/side and front airbags.
Report Metric | Details |
---|---|
Market size value in 2022 | USD 4.23 billion |
Market size value in 2031 | USD 6.13 billion |
Growth Rate | 4.2% |
Base year | 2023 |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Silicone Fabrics Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Silicone Fabrics Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Silicone Fabrics Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Silicone Fabrics Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQMIG15A2430
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