Global Volatile Corrosion Inhibitors (VCI) Packaging Market, By Product (VCI Paper, VCI Films, VCI Bags, Foam, Others), Material (Paper, Polyethylene, Others), End-user Industry (Aerospace & Defense, Primary Metal, Electricals & Electronics, Automotive, Heavy Equipment, Metal Works, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Volatile Corrosion Inhibitors (VCI) Packaging Market
The volatile corrosion inhibitors (VCI) packaging market is expected to witness market growth at 6.45% in the forecast period of 2021 to 2028. Data Bridge Market Research report on volatile corrosion inhibitors (VCI) packaging market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rise in demand for packaging from the end use industries is escalating the growth of the volatile corrosion inhibitors (VCI) packaging market.
Volatile corrosion inhibitors (VCI) packaging generally consist of material such as paper or plastic that are saturated with corrosion inhibitors. They assist in protecting metal components, castings and assemblies and various parts from corrosion.
The increase in export of steel and iron parts and components across the globe acts as one of the major factors driving the growth of volatile corrosion inhibitors (VCI) packaging market. The increase in the level of shipping and logistics activities of metal products raising the need for advanced anti-corrosion products and the surge in adopting various product development strategies by manufacturers to stand superior in the market accelerate market growth. The use of volatile corrosion inhibitors (VCI) packaging to reduce corrosion during shipments and trade standards for packaging encouraging the designing of VCI export packaging further influence the market. Additionally, urbanization and industrialization, the surge in investment, expansion of end use industries and rise in transportation sector positively affect the volatile corrosion inhibitors (VCI) packaging market. Furthermore, research and development to enhance the packaging materials extend profitable opportunities to the market players in the forecast period of 2021 to 2028.
On the other hand, the high cost associated with the technique and volatile raw material prices manufacturing is expected to obstruct the market growth. The negative impact of COVID-19 on the trade and supply chain is projected to challenge the volatile corrosion inhibitors (VCI) packaging market in the forecast period of 2021-2028.
This volatile corrosion inhibitors (VCI) packaging market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on volatile corrosion inhibitors (VCI) packaging market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Volatile Corrosion Inhibitors (VCI) Packaging Market Scope and Market Size
The volatile corrosion inhibitors (VCI) packaging market is segmented on the basis of product, material and end use industry. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of product, the volatile corrosion inhibitors (VCI) packaging market is segmented into VCI paper, VCI films, VCI Bags, foam and others.
- On the material, the volatile corrosion inhibitors (VCI) packaging market is segmented into paper, polyethylene and others.
- On the end use industry, the volatile corrosion inhibitors (VCI) packaging market is segmented into aerospace & defense, primary metal, electricals & electronics, automotive, heavy equipment, metal works and others.
Global Volatile Corrosion Inhibitors (VCI) Packaging Market Country Level Analysis
The volatile corrosion inhibitors (VCI) packaging market is analyzed and market size, volume information is provided by country, product, material and end use industry as referenced above.
The countries covered in the global volatile corrosion inhibitors (VCI) packaging market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
East Asia dominates the volatile corrosion inhibitors (VCI) packaging market due to the high export of metal products and the bourgeoning manufacturing sector. Europe and North America are expected to witness significant growth during the forecast period of 2021 to 2028 because of the increased intolerance for plastic use in the region.
The country section of the volatile corrosion inhibitors (VCI) packaging market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Volatile Corrosion Inhibitors (VCI) Packaging Market Share Analysis
The volatile corrosion inhibitors (VCI) packaging market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to volatile corrosion inhibitors (VCI) packaging market.
The major players covered in the volatile corrosion inhibitors (VCI) packaging market report are Cortec Corporation, AICELLO CORPORATION, BRANOpac, Armor Protective Packaging, Oji F-Tex Co,Ltd, Daubert Cromwell, Inc., Northern Technologies International Corporation (NTIC), Rust-X, Metpro Group, Protective Packaging Corporation, Technology Packaging Ltd, ProtoPak Engineering Corporation, CVCI Lausanne, Shanghai Santai Wrapper Co,Ltd, Key Sun Laboratories, among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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