Global Silicone Fabrics Market

Silicone Fabrics Market Size, Share, Growth Analysis, By Type(Silica, Fiberglass, Polyamide, and Aramid/Glass blend), By Application(Automotive industry, Consumers, and Industrial industry), By Region - Industry Forecast 2024-2031

Report ID: SQMIG15A2430 | Region: Global | Published Date: February, 2024
Pages: 157 | Tables: 64 | Figures: 74

Silicone Fabrics Market Regional Insights

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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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).

The competitive environment of the 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. 'Precision Coating & Coated Fabrics', 'Trelleborg AB', 'PPG Industries', 'Wacker Chemie AG', 'Continental AG', 'The Sherwin-Williams Company', 'Huntsman Corporation', 'Momentive Performance Materials Inc.', 'Porcher Industries SA', 'Nitto Denko Corporation', 'Serge Ferrari Group', 'La Rochette', 'Cooley Group', 'Isotex S.p.A.', 'Chemprene Inc.', 'Dakkota Integrated Systems LLC', 'Fabrene Inc.', 'Ammeraal Beltech', 'Maffei SRL'

According to the Insurance Institute for Highway Safety, 22,416 people died in traffic accidents in the US. in 2019. Most deaths, ie. 57% of all deaths, occurred in the passenger seated position of the vehicle while 23% died in the side position. Thus, many government laws have focused on accidental deaths. According to the National Highway Traffic Safety Administration (NHTSA), front airbags have been standard equipment in all passenger cars and all SUVs and vans because they reduce the chance of an upper body collision or his head will hit the car when it hits.

Several major players in North America and Europe offer silicone-coated fabrics to comply with LEED v4 points. Silicone fabrics are commonly used in furniture and decorations in hospitals, nurseries, outpatient clinics and healthcare facilities. Furthermore, the Healthier Hospitals Initiative (HHI), U.S. a government program to promote safe and healthy environments in hospitals supports the use of silicone-based fabrics in healthcare settings.

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.

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Global Silicone Fabrics Market

Report ID: SQMIG15A2430

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