Post-deployment
A chemical reaction produces a burst of nitrogen to inflate the bag. Once an airbag deploys, deflation begins immediately as the gas escapes through vent(s) in the fabric (or, as it's sometimes called, the cushion) and cools. Deployment is frequently accompanied by the release of dust-like particles, and gases in the vehicle's interior (called effluent). Most of this dust consists of cornstarch, french chalk, or talcum powder,which are used to lubricate the airbag during deployment.
Newer designs produce effluent primarily consisting of harmless talcum powder/cornstarch and nitrogen gas. In older designs using an azide-based propellant (usually NaN3), varying amounts of sodium hydroxide nearly always are initially present. In small amounts this chemical can cause minor irritation to the eyes and/or open wounds; however, with exposure to air, it quickly turns into sodium bicarbonate (baking soda). However, this transformation is not 100% complete, and invariably leaves residual amounts of hydroxide ion from NaOH. Depending on the type of airbag system, potassium chloride (often used as a table salt substitute) may also be present.
For most people, the only effect the dust may produce is some minor irritation of the throat and eyes. Generally, minor irritations only occur when the occupant remains in the vehicle for many minutes with the windows closed and no ventilation. However, some people with asthma may develop a potentially lethal asthmatic attack from inhaling the dust.
The dust-like particles and gases can cause irreparable cosmetic damage to the dashboard and upholstery, so minor collisions which result in the deployment of airbags can be costly accidents, even if there are no injuries and there is only minor damage to the vehicle exterior.
Credit : wiki