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Airbag Propellant Chemicals Market Segmentation By Product Type (5-amino tetrazole, Sodium Azide, Ammonium Nitrate, Potassium Nitrate, Ammonium Perchlorate, Others); By Application (Aircraft, Marine, Automotive, Others), By Geography Growth Drivers, and Key Players - Global Demand Analysis & Opportunity Outlook 2027

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Extensive insights into the Growth of Airbag Propellant Chemicals Market amidst COVID-19

Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.

Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.

We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.

In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months.                                                         Request Insights

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Airbag Propellant Chemicals Overview

Airbag propellant chemicals are basically used to achieve fast swelling of an airbag when the sensor of a vehicle detects the accident if there would be an occurrence of a crash. This chemical reacts and disintegrates suddenly in order to create enough measure of required gas for the prompt swelling and flattening of the airbags. If there should arise an occurrence of a crash, airbag's electrical circuit passes flow towards the warming component which thus causes the concoction blast through which certain measure of gas is produced in order to swell the airbags. Along with the 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. Despite the fact that fuels containing the exceptionally lethal sodium azide (NaN3) were used in early inflator structures, practically no poisonous sodium azide has been found in utilized airbags. The azide-containing pyrotechnic gas generators contain a significant measure of the force. The driver-side airbag would contain a canister containing around 50 grams of sodium azide.

A compound response delivers a burst of nitrogen to swell the sack. Once an airbag conveys, collapse starts quickly as the gas escapes through vent(s) in the texture (or, as it's occasionally called, the pad) and cools. This is often joined by the arrival of residue like particles, and gases in the vehicles inside (called profluent). A large portion of this residue comprises of cornstarch, French chalk, or baby powder, which are utilized to grease up the airbag amid arrangement.

Market Size and Forecast

The global airbag propellant chemicals market is expected to showcase a significant CAGR of 7.2% during the forecasted period 2018-2027. Additionally, the global airbag propellant chemicals market is thriving on the back of rising automotive production coupled with rising safety concern among consumer is projected to propel the growth of the market.

The global airbag propellant chemicals market is segmented into application, product type and geography. In terms of regional platform, demand for airbag propellant chemicals in the Asia Pacific region is projected to propel the growth of overall global airbag propellant chemicals market over the forecast period. Factors such as, rising disposal income of consumers in Asia pacific region, increasing demand for passenger car and light motor vehicle etc. are raising the demand for Airbag Propellant Chemicals, which is expected to boost the market growth. Europe is anticipated to contribute a significant CAGR during the predicted period. Additionally, Asia Pacific Airbag Propellant Chemicals market captured significant share of global Airbag Propellant Chemicals market in previous years. In addition, rising interest for airbags from marine applications extending from those in littler water crafts to bigger boats is likewise anticipated that would relentlessly drive development of worldwide airbag propellant chemical over the forecasted period. Additionally, stringent government initiatives combined with fatalities due to broken sending of airbag and airbag burst among others have provoked the manufacturers to create more secure and reliable options in contrast to conventionally utilized synthetic substances. Therefore, pattern of receiving elective charge synthetic compounds is relied upon to be seen in global airbag propellant chemicals market during forecast period.CLICK TO DOWNLOAD FREE SAMPLE

Market Segmentation

Our in-depth analysis segmented the global airbag propellant chemicals market in the following segments:

By Product Type

  • 5-amino tetrazole
  • Sodium Azide
  • Ammonium Nitrate
  • Potassium Nitrate
  • Ammonium Perchlorate
  • Others

By Application

  • Aircraft
  • Marine
  • Automotive
    • Passenger vehicles
    • Light commercial vehicle
    • Heavy commercial vehicles
  • Others

By Region

Global Airbag Propellant Chemicals market is further classified on the basis of region as follows:

  • North America (United States, Canada), Market size, Y-O-Y growth Market size, Y-O-Y growth & Opportunity Analysis, Future forecast & Opportunity Analysis
  • Latin America (Brazil, Mexico, Argentina, Rest of LATAM), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, BENELUX (Belgium, Netherlands, Luxembourg), NORDIC (Norway, Denmark, Sweden, Finland), Poland, Russia, Rest of Europe), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, South Korea, Malaysia, Indonesia, Taiwan, Hong Kong, Australia, New Zealand, Rest of Asia-Pacific), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis.

Airbag Propellant Chemicals market Graph

Growth Drivers and Challenges

The demand for airbag propellant chemical is relied upon the expansion of automotive production. Besides, expanding appropriation of airbags in autos particularly in creating economies of the globe including China and India among others is expected to drive the demand for airbag propellant chemical over the forecasted period. Additionally, developing interest for airbags from marine applications running from those in littler pontoons to bigger boats is likewise anticipated that would relentlessly is projected to boost the market during estimate period. Further, stringent government controls to minimize the fatalities caused by defective organization of airbag and airbag crack among others have incited the business to create more secure and dependable options in contrast to ordinarily utilized synthetic compounds. Along these lines, pattern of embracing elective charge synthetic concoctions is relied upon to be seen in worldwide airbag propellant market showcase amid estimate period.

Rapid urbanization along with positive GDP figures of developed and developing nations such as U.S., China and others are projected to flourish the growth of airbag propellant chemicals market in automotive production.

In contrast, availability of substitute chemical for airbag combustion at cheap rate is anticipated to hamper the demand for airbag propellant chemical market.

Key players

  • Hangzhou Widechemical Co., Ltd.
    • Company Overview
    • Business Strategy
    • Key Product Offerings
    • Financial Performance
    • Key Performance Indicators
    • Risk Analysis
    • Recent Development
    • Regional Presence
  • Island Pyrochemical Industries (IPI)
  • Corvine Chemicals & Pharmaceuticals Ltd.,
  • Specialty Chemical Industries Inc.
  • Island Veer Chemie (P) Ltd
  • Sanming Coffer Fine Chemical Industrial Co., Ltd.
  • Daicel Safety System
  • Other prominent players

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