Airbag Propellant Chemicals Market

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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Report ID: 984 | Published On: Sep 10, 2022
  1. Introduction
    • Market Definition
    • Market Segmentation
    • Product Overview
  2. Assumptions and Acronyms
  3. Research Methodology
  4. Research Process
    • Primary Research
    • Manufacturers
    • Distributors
    • End Users
    • Secondary Research
    • Market Size Estimation
  5. Executive Summary - Global Advanced Therapy Medicinal Products Market
  6. Analysis of Market Dynamics
  7. Drivers
  8. Trends
  9. Key Market Opportunities for Business Growth
  10. Major Roadblocks for the Market Growth
  11. Regulatory & Standard Landscape
  12. Value Chain Analysis
  13. Potential ATMP Treatment Analysis
  14. Pricing Analysis of Global Advanced Therapy Medicinal Products Market
  15. Use Case Analysis
  16. Pipeline Analysis
  17. Analysis on the Manufacturing Process
  18. Analysis of COVID-19 Impact on the Global Advanced Therapy Medicinal Products Market
  19. Analysis of End-User Market Share of Global Advanced Therapy Medicinal Products
  20. Competitive Positioning
  21. Competitive Landscape
  22. Market Share Analysis of Major Players (%), 2021
  23. Competitive Benchmarking
  24. Novartis AG.
  25. Takeda Pharmaceutical Company Limited
  26. Gilead Sciences, Inc.
  27. Bluebird Bio, Inc
  28. BioMarin Pharmaceutical Inc
  29. Vericel Corporation
  30. Mallinckrodt Pharmaceuticals
  31. UniQure N.V.
  32. JCR Pharmaceuticals Co., Ltd.
  33. Spark Therapeutics, Inc. (Parent Company: Roche)
  34. Kolon TissueGene, Inc.
  35. Global Advanced Therapy Medicinal Products Market Outlook
  36. By Value (USD million)
  37. By Product
  38. CAR-T Therapy, 2021-2031F (USD million)
  39. Gene Therapy, 2021-2031F (USD million)
  40. Cell Therapy, 2021-2031F (USD million)
  41. Tissue Engineered Product, 2021-2031F (USD million)
  42. By Disease
  43. Oncology, 2021-2031F (USD million)
  44. Genetic Disorders, 2021-2031F (USD million)
  45. CNS, 2021-2031F (USD million)
  46. Dermatology, 2021-2031F (USD million)
  47. Others, 2021-2031F (USD million)
  48. By End-User
  49. Hospitals & Clinics, 2021-2031F (USD million)
  50. Research & Academic Institutes, 2021-2031F (USD million)
  51. Global Advanced Therapy Medicinal Products Market by Region
  52. North America, 2021-2031F (USD million)
  53. Europe, 2021-2031F (USD million)
  54. Asia-Pacific, 2021-2031F (USD million)
  55. Latin America, 2021-2031F (USD million)
  56. Middle East & Africa, 2021-2031F (USD million)
  57. North America Advanced Therapy Medicinal Products Market Outlook
  58. By Value (USD million)
  59. By Product
  60. CAR-T Therapy, 2021-2031F (USD million
  61. Gene Therapy, 2021-2031F (USD million)
  62. Cell Therapy, 2021-2031F (USD million)
  63. Tissue Engineered Product, 2021-2031F (USD million)
  64. By Disease
  65. Oncology, 2021-2031F (USD million)
  66. Genetic Disorders, 2021-2031F (USD million)
  67. CNS, 2021-2031F (USD million)
  68. Dermatology, 2021-2031F (USD million)
  69. Others, 2021-2031F (USD million)
  70. By End-User
  71. Hospitals & Clinics, 2021-2031F (USD million)
  72. Research & Academic Institutes, 2021-2031F (USD million)
  73. By Country
  74. US, 2021-2031F (USD million)
  75. Canada, 2021-2031F (USD million)
  76. Europe Advanced Therapy Medicinal Products Market Outlook
  77. By Product
  78. By Disease
  79. By End User
  80. By Country
  81. UK, 2021-2031F (USD Million)
  82. Germany, 2021-2031F (USD Million)
  83. France, 2021-2031F (USD Million)
  84. Italy, 2021-2031F (USD Million)
  85. Spain, 2021-2031F (USD Million)
  86. Russia, 2021-2031F (USD Million)
  87. Netherlands, 2021-2031F (USD Million)
  88. Rest of Europe, 2021-2031F (USD Million)
  89. Asia Pacific Advanced Therapy Medicinal Products Market Outlook
  90. By Product
  91. By Disease
  92. By End User
  93. By Country
  94. China, 2021-2031F (USD Million)
  95. India, 2021-2031F (USD Million)
  96. Japan, 2021-2031F (USD Million)
  97. South Korea, 2021-2031F (USD Million)
  98. Singapore, 2021-2031F (USD Million)
  99. Australia, 2021-2031F (USD Million)
  100. Rest of Asia-Pacific, 2021-2031F (USD Million)
  101. Latin America Advanced Therapy Medicinal Products Market Outlook
  102. By Product
  103. By Disease
  104. By End User
  105. By Country
  106. Brazil, 2021-2031F (USD Million)
  107. Argentina, 2021-2031F (USD Million)
  108. Mexico, 2021-2031F (USD Million)
  109. Rest of Latin America, 2021-2031F (USD Million)
  110. Middle East & Africa Advanced Therapy Medicinal Products Market Outlook
  111. By Product
  112. By Disease
  113. By End User
  114. By Country
  115. GCC, 2021-2031F (USD Million)
  116. Israel, 2021-2031F (USD Million)
  117. South Africa, 2021-2031F (USD Million)
  118. Rest of Middle East & Africa, 2021-2031F (USD Million)

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Inflation and Looming Recession to Haunt Businesses:

In 2023, market players might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain.
Controlling Inflation has become the first priority for global economies from last quarter of 2022 and to be followed in 2023. With skewed economic situations, rise in interest rate by governments to control spending and inflation, spiked oil and gas prices, high inflation, geo-political issues including U.S. & China trade war, Russia-Ukraine conflict to intensify the global economic issues.
The interest rates in the U.S. may be less sensitive in 2023 as compared to 2022; sigh of relief for businesses. Positive business sentiments, healthy business balance sheets, growth in construction spending (private construction value in 2022 stood at $1,429.2 billion, 11.7 percent (±1.0 percent) above the $1,279.5 billion spent in 2021, Residential construction in 2022 was $899.1 billion, up by 13.3 percent (±2.1 percent) from $793.7 billion in 2021, non-residential construction touched $530.1 billion, 9.1 percent (±1.0 percent) above the $485.8 billion in 2021.) showcases minimal impact of recession in the country.
Similarly, spiked spending in the European and major Asia economics including, India, China & Japan to showcase less impact on the global demand.


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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.


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

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Airbag Propellant Chemicals market Graph
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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.


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