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Market Snapshot

CAGR:8.05

2023

2032

Source: Market Expertz

Study Period	2019-2032
Base Year	2023
Forcast Year	2023-2032
CAGR	8.05

Chemicals and Advanced Materials-companies

Chemicals and Advanced Materials-Snapshot

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Report Overview

The Volatile Corrosion Inhibitors (VCI) Packaging Material Market is poised to experience substantial growth, with a projected Compound Annual Growth Rate (CAGR) of 6.82% from 2022 to 2032. This growth is expected to drive the market size upwards by USD 1,754.23 million. The expansion of the VCI packaging material market hinges on several factors, including the increasing awareness of corrosion-related damages, the growing demand for corrosion-resistant packaging solutions, and the widespread adoption of VCI technology across industries. Volatile Corrosion Inhibitors (VCIs) are compounds that release corrosion-inhibiting vapors, forming a protective layer on metal surfaces within an enclosed space, thus safeguarding them against corrosion.

Volatile Corrosion Inhibitors (VCI) Packaging Material Market Overview:

Drivers:

A key driver propelling the growth of the VCI packaging material market is the escalating awareness of the detrimental effects of corrosion on various industries. The widespread damage caused by corrosion to metal products, parts, and equipment results in considerable economic losses. Consequently, industries are embracing corrosion prevention measures, such as VCI packaging materials, to mitigate such losses effectively.

Moreover, the demand for corrosion-resistant packaging solutions is on the rise, driven by the need to ensure product quality during storage and transportation. Industries like automotive, aerospace, electronics, and manufacturing are increasingly adopting VCI packaging to extend the lifespan of their metal products and components.

Trends:

The integration of advanced technologies, such as nanotechnology, in VCI packaging materials is a noteworthy trend shaping the market's growth trajectory. Nanotechnology-enhanced VCIs offer superior corrosion protection due to their ability to form a more uniform and effective barrier on metal surfaces. The use of nanomaterials amplifies the inhibitive properties of VCIs, resulting in enhanced durability and extended protection for metal products.

Additionally, the development of eco-friendly and biodegradable VCI packaging materials is gaining momentum. As environmental consciousness grows across industries, there is a heightened demand for sustainable packaging solutions that provide corrosion protection without harming the environment. This trend is expected to drive innovation in VCI materials that align with sustainability goals.

Restraints:

Challenges related to compatibility and effectiveness with various metal types pose a restraint to the VCI packaging material market growth. While VCIs are generally effective against a wide range of metals, certain specialized alloys or metals with unique surface properties might require tailored VCI formulations. Achieving universal compatibility remains a challenge for manufacturers.

Furthermore, ensuring consistent and optimal VCI release rates throughout the packaging's lifecycle can be complex. Factors such as temperature, humidity, and exposure time can influence the release rate of VCIs, affecting their corrosion protection efficiency. Maintaining a predictable and reliable performance across diverse conditions is an ongoing challenge.

Volatile Corrosion Inhibitors (VCI) Packaging Material Market Segmentation By Material Type:

The market for VCI packaging materials is categorized based on material type, with corrosion-inhibiting properties at the core of their functionality. These material types include:

VCI Papers: These are paper-based materials impregnated with volatile corrosion inhibitors. They are commonly used for packaging metal products, offering both physical protection and corrosion resistance.
VCI Films: VCI films are plastic films that release volatile corrosion inhibitors, forming a protective layer around metal surfaces. They are versatile and find application in various industries, including automotive, electronics, and machinery.
VCI Bags: VCI bags are specially designed packaging solutions that enclose metal components, parts, or products. They release corrosion inhibitors, enveloping the enclosed items in a protective vapor barrier.
VCI Emitters/Diffusers: VCI emitters or diffusers are devices that release volatile corrosion inhibitors into an enclosed space. They are used to protect larger volumes or storage areas against corrosion.
VCI Foam Inserts: VCI foam inserts are designed to fit into packaging containers or cases. They provide cushioning for delicate metal components while simultaneously releasing corrosion inhibitors.

Volatile Corrosion Inhibitors (VCI) Packaging Material Market Segmentation By End-Use Industry:

The adoption of VCI packaging materials spans across a diverse range of industries, including:

Automotive: VCI packaging materials play a crucial role in safeguarding automotive components and parts during storage and transportation, mitigating the risk of corrosion-related damage.
Aerospace: The aerospace industry relies on VCI packaging to protect critical aircraft components, tools, and equipment from corrosion, especially in challenging storage environments.
Electronics: VCI packaging is used to shield sensitive electronic components and devices from corrosion, ensuring their functionality and performance are preserved.
Manufacturing: In the manufacturing sector, VCI packaging materials prevent corrosion of machinery parts, tools, and equipment, reducing maintenance costs and downtime.
Oil and Gas: VCI packaging is employed to protect metal components used in the oil and gas industry, ensuring their reliability and integrity in harsh operating conditions.

Regional Overview:

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North America is anticipated to contribute significantly to the global VCI packaging material market, driven by the strong presence of industries that require corrosion protection solutions. Europe is also expected to witness substantial growth due to stringent quality standards and regulations governing various industries. Asia-Pacific (APAC) is poised for rapid expansion due to its growing manufacturing sector and increasing awareness of corrosion-related issues.

Volatile Corrosion Inhibitors (VCI) Packaging Material Market Customer Landscape:

The VCI packaging material market report includes a comprehensive view of the customer landscape, detailing the adoption cycle, purchase criteria, and price sensitivity of different customer segments. It covers the spectrum from early adopters to those who adopt technologies at a slower pace.

Major Volatile Corrosion Inhibitors (VCI) Packaging Material Companies:

Market players are employing various strategies to strengthen their foothold in the VCI packaging material market. These strategies include collaborations, partnerships, mergers and acquisitions, geographical expansions, and product or service launches. Some of the key companies in the VCI packaging material market include:

Cortec Corporation
Daubert Cromwell
Branopac
Zerust Excor
Armor Protective Packaging
Oji F-Tex
Nantong Yongyu Anti-Rust Technology
Green Packaging Material (Jiangyin) Co., Ltd.
NTIC
Transcendia
MetPro Group
Technology Packaging Ltd.
UNICO VCI

Qualitative and quantitative analyses of these companies offer insights into their strengths, weaknesses, and market positioning, helping clients understand the competitive landscape.

Segment Overview:

The VCI packaging material market report provides revenue forecasts for global, regional, and country levels, along with insights into the latest trends and growth opportunities from 2019 to 2032.

Material Type Outlook (USD Million, 2019 - 2032):

VCI Papers
VCI Films
VCI Bags
VCI Emitters/Diffusers
VCI Foam Inserts

End-Use Industry Outlook (USD Million, 2019 - 2032):

Automotive
Aerospace
Electronics
Manufacturing
Oil and Gas

Geography Outlook (USD Million, 2019 - 2032):

North America

The U.S.
Canada

Europe

U.K.
Germany
France
Rest of Europe

APAC

China
India

South America

Chile
Argentina
Brazil

Middle East & Africa

Saudi Arabia
South Africa
Rest of the Middle East & Africa

TABLE OF CONTENTS: GLOBAL Volatile Corrosion Inhibitors Packaging MARKET

Chapter 1. MARKET SYNOPSIS

1.1. Market Definition

1.2. Research Scope & Premise

1.3. Methodology

1.4. Market Estimation Technique

Chapter 2. EXECUTIVE SUMMARY

2.1. Summary Snapshot, 2016 – 2027

Chapter 3. INDICATIVE METRICS

3.1. Macro Indicators

Chapter 4. Volatile Corrosion Inhibitors Packaging MARKET SEGMENTATION & IMPACT ANALYSIS

4.1. Volatile Corrosion Inhibitors Packaging Segmentation Analysis

4.2. Industrial Outlook

4.3. Price Trend Analysis

4.4. Regulatory Framework

4.5. Porter’s Five Forces Analysis

4.5.1. Power Of Suppliers

4.5.2. Power Of Buyers

4.5.3. Threat Of Substitutes

4.5.4. Threat Of New Entrants

4.5.5. Competitive Rivalry

Chapter 5. Volatile Corrosion Inhibitors Packaging MARKET BY Product INSIGHTS & TRENDS

5.1. Segment 1 Dynamics & Market Share, 2019 & 2027

5.2. VCI Papers

5.2.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

5.2.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

5.3. VCI Films

5.3.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

5.3.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

5.4. Foams

5.4.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

5.4.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

Chapter 6. Volatile Corrosion Inhibitors Packaging MARKET BY Material INSIGHTS & TRENDS

6.1. Segment 2 Dynamics & Market Share, 2019 & 2027

6.2. Paper

6.2.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

6.2.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

6.3. Polyethylene

6.3.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

6.3.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

Chapter 7. Volatile Corrosion Inhibitors Packaging MARKET REGIONAL OUTLOOK

7.1. Volatile Corrosion Inhibitors Packaging Market Share By Region, 2019 & 2027

7.2. NORTH AMERICA

7.2.1. North America Volatile Corrosion Inhibitors Packaging Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.2.2. North America Volatile Corrosion Inhibitors Packaging Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.2.3. North America Volatile Corrosion Inhibitors Packaging Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.2.4. North America Volatile Corrosion Inhibitors Packaging Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.2.5. U.S.

7.2.5.1. U.S. Volatile Corrosion Inhibitors Packaging Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.2.5.2. U.S. Volatile Corrosion Inhibitors Packaging Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.2.5.3. U.S. Volatile Corrosion Inhibitors Packaging Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.2.5.4. U.S. Volatile Corrosion Inhibitors Packaging Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.2.6. CANADA

7.2.6.1. Canada Volatile Corrosion Inhibitors Packaging Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.2.6.2. Canada Volatile Corrosion Inhibitors Packaging Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.2.6.3. Canada Volatile Corrosion Inhibitors Packaging Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.2.6.4. Canada Volatile Corrosion Inhibitors Packaging Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3. EUROPE

7.3.1. Europe Volatile Corrosion Inhibitors Packaging Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.3.2. Europe Volatile Corrosion Inhibitors Packaging Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.3.3. Europe Volatile Corrosion Inhibitors Packaging Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.3.4. Europe Volatile Corrosion Inhibitors Packaging Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3.5. GERMANY

7.3.5.1. Germany Volatile Corrosion Inhibitors Packaging Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.3.5.2. Germany Volatile Corrosion Inhibitors Packaging Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.3.5.3. Germany Volatile Corrosion Inhibitors Packaging Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.3.5.4. Germany Volatile Corrosion Inhibitors Packaging Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3.6. FRANCE

7.3.6.1. France Volatile Corrosion Inhibitors Packaging Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.3.6.2. France Volatile Corrosion Inhibitors Packaging Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.3.6.3. France Volatile Corrosion Inhibitors Packaging Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.3.6.4. France Volatile Corrosion Inhibitors Packaging Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3.7. U.K.

7.3.7.1. U.K. Volatile Corrosion Inhibitors Packaging Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.3.7.2. U.K. Volatile Corrosion Inhibitors Packaging Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.3.7.3. U.K. Volatile Corrosion Inhibitors Packaging Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.3.7.4. U.K. Volatile Corrosion Inhibitors Packaging Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4. ASIA-PACIFIC

7.4.1. Asia Pacific Volatile Corrosion Inhibitors Packaging Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.4.2. Asia Pacific Volatile Corrosion Inhibitors Packaging Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.4.3. Asia Pacific Volatile Corrosion Inhibitors Packaging Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.4.4. Asia Pacific Volatile Corrosion Inhibitors Packaging Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.5. CHINA

7.4.5.1. China Volatile Corrosion Inhibitors Packaging Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.4.5.2. China Volatile Corrosion Inhibitors Packaging Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.4.5.3. China Volatile Corrosion Inhibitors Packaging Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.4.5.4. China Volatile Corrosion Inhibitors Packaging Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.6. INDIA

7.4.6.1. India Volatile Corrosion Inhibitors Packaging Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.4.6.2. India Volatile Corrosion Inhibitors Packaging Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.4.6.3. India Volatile Corrosion Inhibitors Packaging Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.4.6.4. India Volatile Corrosion Inhibitors Packaging Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.7. JAPAN

7.4.7.1. Japan Volatile Corrosion Inhibitors Packaging Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.4.7.2. Japan Volatile Corrosion Inhibitors Packaging Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.4.7.3. Japan Volatile Corrosion Inhibitors Packaging Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.4.7.4. Japan Volatile Corrosion Inhibitors Packaging Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.8. AUSTRALIA

7.4.8.1. Australia Volatile Corrosion Inhibitors Packaging Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.4.8.2. Australia Volatile Corrosion Inhibitors Packaging Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.4.8.3. Australia Volatile Corrosion Inhibitors Packaging Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.4.8.4. Australia Volatile Corrosion Inhibitors Packaging Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.5. MIDDLE EAST AND AFRICA (MEA)

7.5.1. Mea Volatile Corrosion Inhibitors Packaging Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.5.2. Mea Volatile Corrosion Inhibitors Packaging Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.5.3. Mea Volatile Corrosion Inhibitors Packaging Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.5.4. Mea Volatile Corrosion Inhibitors Packaging Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.6. LATIN AMERICA

7.6.1. Latin America Volatile Corrosion Inhibitors Packaging Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.6.2. Latin America Volatile Corrosion Inhibitors Packaging Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.6.3. Latin America Volatile Corrosion Inhibitors Packaging Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.6.4. Latin America Volatile Corrosion Inhibitors Packaging Market Estimates And Forecast By Production Process, 2016 –2027, (USD Million)

7.6.5. Latin America Volatile Corrosion Inhibitors Packaging Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

Chapter 8. COMPETITIVE LANDSCAPE

8.1. Market Share By Manufacturers

8.2. Strategic Benchmarking

8.2.1. New Product Launches

8.2.2. Investment & Expansion

8.2.3. Acquisitions

8.2.4. Partnerships, Agreement, Mergers, Joint-Ventures

8.3. Vendor Landscape

8.3.1. North American Suppliers

8.3.2. European Suppliers

8.3.3. Asia-Pacific Suppliers

8.3.4. Rest Of The World Suppliers

Chapter 9. COMPANY PROFILES

9.1. Safepack Industries Ltd

9.1.1. Company Overview

9.1.2. Financial Performance

9.1.3. Product Insights

9.1.4. Strategic Initiatives

9.2. Daubert VCI, Inc

9.2.1. Company Overview

9.2.2. Financial Performance

9.2.3. Product Insights

9.2.4. Strategic Initiatives

9.3. Protective Packaging Corporation Inc

9.3.1. Company Overview

9.3.2. Financial Performance

9.3.3. Product Insights

9.3.4. Strategic Initiatives

9.4. Technology Packaging Ltd

9.4.1. Company Overview

9.4.2. Financial Performance

9.4.3. Product Insights

9.4.4. Strategic Initiatives

9.5. Multitech Group Inc

9.5.1. Company Overview

9.5.2. Financial Performance

9.5.3. Product Insights

9.5.4. Strategic Initiatives

9.6. Branopac India Pvt Ltd

9.6.1. Company Overview

9.6.2. Financial Performance

9.6.3. Product Insights

9.6.4. Strategic Initiatives

9.7. Armor Protective Packaging

9.7.1. Company Overview

9.7.2. Financial Performance

9.7.3. Product Insights

9.7.4. Strategic Initiatives

9.8. Green Packaging, Inc

9.8.1. Company Overview

9.8.2. Financial Performance

9.8.3. Product Insights

9.8.4. Strategic Initiatives

9.9. RBL Industries

9.9.1. Company Overview

9.9.2. Financial Performance

9.9.3. Product Insights

9.9.4. Strategic Initiatives

9.10. Propack Spa

9.10.1. Company Overview

9.10.2. Financial Performance

9.10.3. Product Insights

9.10.4. Strategic Initiatives

RESEARCH METHODOLOGY

A research methodology is a systematic approach for assessing or conducting a market study. Researchers tend to draw on a variety of both qualitative and quantitative study methods, inclusive of investigations, survey, secondary data and market observation.

Such plans can focus on classifying the products offered by leading market players or simply use statistical models to interpret observations or test hypotheses. While some methods aim for a detailed description of the factors behind an observation, others present the context of the current market scenario.

Now let’s take a closer look at the research methods here.

Secondary Research Model

Extensive data is obtained and cumulated on a substantial basis during the inception phase of the research process. The data accumulated is consistently filtered through validation from the in-house database, paid sources as well reputable industry magazines. A robust research study requires an understanding of the overall value chain. Annual reports and financials of industry players are studied thoroughly to have a comprehensive idea of the market taxonomy.

Primary Insights

Post conglomeration of the data obtained through secondary research; a validation process is initiated to verify the numbers or figures. This process is usually performed by having a detailed discussion with the industry experts.

However, we do not restrict our primary interviews only to the industry leaders. Our team covers the entire value chain while verifying the data. A significant number of raw material suppliers, local manufacturers, distributors, and stakeholders are interviewed to make our findings authentic. The current trends which include the drivers, restraints, and opportunities are also derived through the primary research process.

Market Estimation

The market estimation is conducted by analyzing the data collected through both secondary and primary research. This process involves market breakdown, bottom-up and top- down approach.

Moreover, while forecasting the market a comprehensive statistical time series model is designed for each market. Macroeconomic indicators are considered to understand the current trends of the market. Each data point is verified by the process of data triangulation method to arrive at the final market estimates.

Final Presentation

The penultimate process results in a holistic research report. The study equips key industry players to undertake significant strategic decisions through the findings. The report encompasses detailed market information. Graphical representations of the current market trends are also made available in order to make the study highly comprehensible for the reader.

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Volatile Corrosion Inhibitors Packaging Market Size, Type Analysis, Application Analysis, End-Use, Industry Analysis, Regional Outlook, Competitive Strategies And Forecasts, 2023-2032