Volatile Corrosion Inhibitors Packaging Market: Increased Industrial Applications to Aid Market Expansion – Get to the core of the Market with ChemView Insights

According to a research survey conducted by ChemView Consulting, in 2022, the Global Volatile Corrosion Inhibitors Market was worth US$ 778.5 Mn and is expected to grow at a CAGR of 6.3% over the forecast period. The market is expected to hit US$ 1,269.2 Mn by 2030 end.

Corrosion is an electrochemical process that causes metal materials to deteriorate gradually due to their contact with the environment. VCI packaging is often utilized to prevent this.

The primary reason for this shift in growth rate is that VCI packaging protects against abrasion and stress damage, generating high demand from end-users.

Volatile Corrosion Inhibitors Market 2017-2030: Report Key Highlights:

  • Detailed information on factors that will assist Global Volatile Corrosion Inhibitors’ growth during the next eight years
  • Assessment of the historical and current Global Volatile Corrosion Inhibitors Market size (2017-2021), market projections (2022-2030), and its contribution to the parent market
  • The growth of the market across North America, Europe, East Asia, South Asia & Pacific, Latin America, Middle East, and Africa
  • Segment-wise, country-wise, and region-wise market analysis
  • Key drivers, restraints, opportunities, and key emerging trends impacting market growth
  • Predictions on critical supply, demand, and technological trends and changes in consumer behavior
  • Value chain analysis (list of manufacturers, distributors, end-users, average profitability margins, etc.)
  • Competition mapping, market share analysis, key strategies adopted by top players, and competitive tactical intelligence
  • Covid-19 impact on the market and how to navigate
  • Strategic market analysis and recommendations on crucial winning strategies

For More Details Visit Our Report Page: https://chemviewconsulting.com/reports/volatile-corrosion-inhibitors-packaging-market/

Key Takeaways

By Product: Because of their anti-corrosive qualities and ease of packaging, volatile corrosion inhibitor bags are widely used in the automotive, electrical, and electronics sectors, accounting for more than 51.3% of the market in 2021. Demand for heavy metals and automotive parts has expanded worldwide, altering their packaging.

The adoption of VCI packing bags has mostly been influenced by numerous qualities such as ease of storing and handling.

By End-User: In 2021, the primary metal sector dominated the end-user industry category in worldwide volatile corrosion inhibitors packaging, with a market share of around 23.5%. Because of the anti-corrosive capabilities of the volatile corrosion inhibitors packaging, primary metal will continue to lead the end-user industrial sector of the target market.

By Region: During 2022-2030, the Asia Pacific VCI packaging market may see great development prospects. The substantial metal product exports and a thriving industrial sector in Asia will help the region dominate the volatile corrosion inhibitors (VCI) packaging industry with a market share of nearly 31.3%. The volatile corrosion inhibitors packaging market may benefit from increased industrialization and large volume production.

Competition Summary

The volatile corrosion inhibitors packaging industry is extremely fragmented, with several manufacturers vying for a prominent place. The companies in the VCI packaging market are attempting to develop novel formulations to make the product more resilient and effective for the end-user. The players are also engaged in growth initiatives that effortlessly meet end-user demand.

To increase the impact in the VCI packaging market, the companies are also involved in mergers, acquisitions, collaborations, partnerships, and joint ventures.

Key companies covered in the market study are Cortec Corporation, Armor Protective Packaging, and Branopac India Pvt. Daubert Cromwell, LLC, Haver Plastics Co Ltd, Muller LCS Inc, NTIC (Zerust Excor), Mondi Group, Transcendia Inc, AICELLO CORPORATION, Smurfit Kappa Group PLC, NEFAB GROUP, CGP Coating Innovation, Crayex Corporation and Patkar Extrusiontech (Pvt.) Ltd.

Segments Covered in Report

By Product:

  • VCI Paper
  • VCI Film
    • Stretch
    • Shrink
    • Sheet
  • VCI Bags
    • Flat
    • Gusseted
    • Zipper
  • Foam
  • Others

By Material:

  • Paper
  • Polyethylene
  • Others

By End-User:

  • Aerospace & Defense
  • Primary Metal
  • Electricals & Electronics
  • Automotive
  • Heavy Equipment
  • Metal Works
  • Others

By Region and Country:

  • North America (U.S., Canada)
  • Latin America (Brazil, Mexico, Rest of Latin America)
  • Europe (Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, Rest of Europe)
  • Asia-Pacific (China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Rest of Asia-Pacific)
  • Middle East (Saudi Arabia, Turkey, UAE, Rest of Middle East)
  • Africa (South Africa, Nigeria, Egypt, Rest of Africa)

About ChemView Consulting’s Packaging Domain

ChemView Consulting’s Packaging domain provides unique, reliable, and in-depth analysis of the packaging business with the help of its in-house and experienced analysts and subject matter experts. The comprehensive coverage includes Packaging Equipment & Materials, Advanced Packaging, Industrial Packaging, Food & Beverage Packaging, Household Packaging, Personal Care and Pharmaceutical Packaging, and ICT Packaging. In addition, for developing – “The Future Growth Plan,” our research studies serve as market reference guides for manufacturers, research institutes, channel partners, and government agencies.

About ChemView Consulting

ChemView Consulting is a leading information, market intelligence, and consulting company serving worldwide Chemicals & Materials, Food & Beverage, Oil & Gas, Clean Energy, and Packaging clients. ChemView Consulting serves clients in approximately 100 countries, with its office in the U.S. and delivery centers in India.

What sets ChemView Consulting apart?

  • Full-time research experts and subject matter experts
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