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

Q: What is the market size of Silicone Fabrics Market?

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).

Q: Who are the key vendors in the Silicone Fabrics Market?

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. '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'.

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

Silicone Fabrics Market News

In July 2021, Trelleborg AB acquired Laminating Coating Technologies, Inc., a company based in the United States (Lamcotec), who specialize in manufacturing coatings.

In April 2021, The German plant in Hessisch Lichtenau received a multi-million dollar investment from the KAP AG Company to increase production.

In October 2021, Cayman was purchased in Europe by Saint Gobain, a manufacturer of elastomeric products. The transaction improved its position in the market.

Silicone Fabrics Market Report Snapshots

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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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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

Silicone Fabrics Market News

Silicone Fabrics Market Report Snapshots

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What is the market size of Silicone Fabrics Market?

Who are the key vendors in the Silicone Fabrics Market?

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