The size of the worldwide VCI films market was US$ 247.6 Million in 2021, and it is anticipated to reach US$ 255 Million in 2022. Additionally, it is expected that the overall demand for VCI films would increase at a CAGR of 5.4% between 2022 and 2032, reaching a valuation of US$ 430 Million by 2032, due to growing applications in aerospace & military, heavy plant machinery, electronics, automotive parts, etc.
The VCI Films Market has been growing steadily over the years, and it is expected to continue to grow at a significant rate in the coming years. VCI Films or Volatile Corrosion Inhibitor Films are used for packaging metal parts and components to protect them from corrosion during storage and transportation. With the increasing demand for high-quality and long-lasting metal parts, the demand for VCI Films is also increasing.
Innovative corrosion-resistant packaging options like VCI sheets shield metal components from contamination, rust, and corrosion. Usually, linear low-density plastics are impregnated with vapour corrosion inhibitors to produce these corrosion-resistant films. They have developed into the perfect method for preventing corrosion in a variety of metal tools, equipment, and other products. As a result, they are being adopted more widely in a variety of sectors, including the automotive, electronics, healthcare, and aerospace.
Avail Free PDF Sample Report@ https://www.futuremarketinsights.com/reports/sample/rep-gb-15588
The VCI film industry is driven by the unique elements of VCI films such as higher strength, fire resistance, cross lamination, UV stabilization, and anti-static properties.
VCI films are engineered in a way that their basic features are preserved even when they’re uncoupled from the metal. These films are transparent, so there is no need for the wrapper to be opened for effect check. Critical metallic phase transitions take place when electrochemical reactions occur in metals, leading to gradual cracking of metals. To prevent microbial contamination, volatile corrosion inhibitors are employed in large volumes using a high-tech packaging method.
Thus, rising usage of VCI films for protecting various metal and metal related equipment from rusting and corrosion across various industries will continue to boost market growth during the forecast period.
Key Takeaways from global VCI Films Market
- By product type, shrinks films segment holds a market share of almost 60% in the global VCI films market and is expected to grow at a CAGR of 4.9% during the forecast period.
- Based on application, the automotive parts segment in the VCI films market is projected to foresee a remarkable CAGR of 5.7% over the forecast period.
- North America will continue to remain one of the leading markets for VCI films during the assessment period.
- The U.S. VCI films market is anticipated to grow at 5.6% CAGR through 2032.
- Demand for VCI films in India is likely to grow at the highest CAGR of 7.5% between 2022 and 2032.
- The VCI films market in China is expected to accelerate at a CAGR of 3.8% during the forecasted period.
“Rising demand for metal and metal components due to rapid urbanization and industrialization is emerging as a key factor bolstering the VCI films market,”-says FMI analyst
Get In Touch With Our Team For a 20% Flat Discount
VCI Films Market Growth Drivers
Several factors are driving the growth of the VCI Films Market, including:
- Rising Demand for Corrosion Protection- Corrosion can cause significant damage to metal parts and components, resulting in additional costs for businesses. VCI Films provide a cost-effective solution to protect metal parts and components from corrosion, increasing their lifespan and reducing maintenance costs.
- Increasing Use of VCI Films in the Automotive Industry- The automotive industry is one of the largest consumers of VCI Films. VCI Films are used to protect metal parts and components during transportation and storage, ensuring that they remain in good condition until they are used in production. The increasing demand for high-quality and long-lasting automotive parts is driving the demand for VCI Films.
- Growing Demand from the Aerospace Industry- The aerospace industry is another significant consumer of VCI Films. VCI Films are used to protect metal parts and components in aircraft, ensuring that they remain in good condition even in harsh environments. The growing demand for air travel is driving the demand for VCI Films in the aerospace industry.
Who is Winning?
Major competitors in the global VCI films are players like Daubert Cromwell, Transcendia Inc., Armor Protective Packaging, BRANOpac, Zavenir Daubert, Cortec Corporation, Aicello Corporation, NTIC, Branopac, MetPro Group, Nantong Yongyu Anti-Rust, Shenyang VCI, Nokstop Chem, Nefab Group, Crayex Corporation, Intertape Polymer Group, Patkar Extrusiontech (Pvt.) Ltd, James Dawson Enterprises Inc., RBL Industries, Tewes Corporation and others.
These players are adopting strategies such as new product launches, investments in R&D, partnerships, collaborations, and mergers to gain a competitive edge in the market.
Global VCI Films Market by Category
By Product Type:
- Stretch VCI Films
- Shrink VCI Films
By Material:
- Polyethylene (PE)
- Polyethylene Terephthalate (PET)
- Polypropylene (PP)
- Polyvinyl Chloride
- Others
By Application:
- Aerospace & Military Application
- Heavy Plant Machinery
- Electricals & Electronic Components
- Automotive Parts
- Import & Export Packaging
- Other (Agriculture, etc.)
By Region:
- North America
- Latin America
- Europe
- Middle east and Africa
- East Asia
- South Asia
- Oceania
Report Customization available @ https://www.futuremarketinsights.com/customization-available/rep-gb-15588
About Future Market Insights, Inc.
Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.
Contact:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
