Global Silicone Fabrics Market

Silicone Fabrics Market Size, Share, Growth Analysis, By Type(Silica, Fiberglass), By Application(Automotive industry, Consumers) - Industry Forecast 2024-2031


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

Silicone Fabrics Market Dynamics

Drivers

Increasing Number of Airbags Per Vehicle

  • 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.

Rapid Growth in Aging Population to Boost Biomedical Textiles Market

  • One of the major factors driving the market growth is the increasing global elderly population. Osteoporosis, heart disease, spine and eye disease are common in the elderly due to age-related physiological changes. Most of these diseases can be successfully treated with surgery. Thus, the aging population is driving the demand for surgery. Each year in the United States, emergency rooms treat 2.7 million elderly patients for falls, according to the Centers for Disease Control and Prevention (CDC).

Restraints

The Availability of Affordable Options Creates Fierce Competition in the Market

  • There are many alternatives to silicone coated fabrics. Major alternatives to silicone-coated fabrics include fabrics coated with elastomers such as PTFE, TPO, TPU, and rubber-coated fabrics, as well as polymer-coated, leather-covered fabrics on and plastic products and others. PTFE fabrics are part of composite fabrics and are used in a variety of industries, including chemical processing, textiles, screen printing, and electronics. These fabrics are widely used in industrial applications because they exhibit the desirable high properties of PTFE. For example, in the textile industry, PTFE fabrics are used to manufacture protective clothing that can be used to provide enhanced protection.

Changes in Raw Material Prices affect Market Dynamics

  • The quality of the silicon market is getting stronger. Major players such as Wacker, Dow, DuPont, Momentive+KCC, Elchem and Shin-Etsu accounted for more than 80% of the global silicone supply. Silicon producers continue to face high and fluctuating feedstock costs and are expected to pass on higher prices to end users. For example, major players in the silicone market, such as Walker and Elkem, have recently increased the prices of their silicone products in order to absorb higher input and energy costs.
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FAQs

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

Product ID: SQMIG15A2430

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