The global volatile corrosion inhibitor (VCI) shrink films market is estimated to exhibit growth at a healthy CAGR of around 5% to 6% during the forecast period 2022-2032. VCI shrink films, also known as VCI shrink wraps, are clear films composed of transparent and volatile corrosion inhibitor molecules that aid in protecting metal surfaces from external factors such as corrosion.
VCI shrink films are advanced packaging materials that combine the benefits of traditional shrink films with the corrosion-inhibiting properties of VCI technology. These films are designed to protect metal components, machinery, and other valuable assets from rust and corrosion during storage and transportation. By creating a protective barrier around the metal surface, VCI shrink films release volatile corrosion inhibitors, which form a molecular layer on the metal, effectively preventing the formation of rust and corrosion.
These films can be used for ferrous, non-ferrous, and multi-metal protection and are available in a variety of sizes in sheets, rolls, bags, and tubing formats.
Avail Free PDF Sample Report: https://www.futuremarketinsights.com/reports/sample/rep-gb-9152
Growing Demand for VCI Shrink Films
The VCI shrink films market has witnessed significant growth in recent years, driven by the increasing need for effective corrosion protection solutions across various industries. Manufacturers and suppliers across sectors such as automotive, aerospace, electronics, and metalworking have recognized the importance of preserving the quality and integrity of their products. This awareness, coupled with stringent quality standards and regulatory requirements, has fueled the demand for VCI shrink films.
Market Competition
Some of the leading players in the VCI shrink films market are
- Superior Industries, Inc.,
- MAGNA INTERNATIONAL PTE LTD.,
- Cortec Corporation,
- Aicello Corporation,
- Daubert Cromwell, Inc.,
- MetPro Group,
- Harita-NTI Ltd.,
- BRANOpac GmbH,
- Propagroup, and others.
Prominent players in the global VCI shrink films market are aiming at launching sustainable products and capacity expansion to gain edge in the highly competitive market.
Factors Driving the Adoption of VCI Shrink Films
Superior Corrosion Protection
One of the primary factors driving the adoption of VCI shrink films is their ability to provide superior corrosion protection. Traditional packaging materials, such as polyethylene films, provide limited protection against moisture and atmospheric contaminants, making them ineffective in preventing corrosion. VCI shrink films, on the other hand, create a moisture-resistant barrier and release volatile corrosion inhibitors that protect metal surfaces even in harsh environments.
Cost and Time Efficiency
VCI shrink films offer a cost-effective and time-efficient solution for corrosion protection. Unlike conventional methods that involve the application of corrosion inhibitors, greases, or desiccants, VCI shrink films eliminate the need for additional steps and materials. By integrating corrosion protection with packaging, VCI shrink films streamline the packaging process, saving time and reducing overall costs.
Ease of Application
Another advantage of VCI shrink films is their ease of application. These films can be easily wrapped around metal components and machinery, conforming to the shape of the object and providing a tight seal. With the application of heat, the films shrink, creating a secure and tamper-proof packaging solution. The simplicity and versatility of VCI shrink films make them ideal for various packaging needs, including irregularly shaped or large-sized items.
Environmental Friendliness
In an era of increasing environmental consciousness, VCI shrink films offer a more sustainable packaging alternative. These films are recyclable, reducing waste and promoting a greener approach to packaging. Additionally, the use of VCI shrink films eliminates the need for harmful chemicals or substances, further minimizing the environmental impact. As sustainability continues to gain prominence, the eco-friendly attributes of VCI shrink films contribute to their growing popularity.
Ask an Analyst @ https://www.futuremarketinsights.com/askus/rep-gb-9152
Challenges Faced by the VCI Shrink Films Market
1. Volatility in Raw Material Prices- The volatility in raw material prices is a major challenge faced by the VCI shrink films market. The prices of raw materials used in VCI shrink films, such as polyethylene, polypropylene, and VCI chemicals, are subject to fluctuations, which affects the profitability of the industry players.
2. Environmental Concerns- The environmental concerns associated with the disposal of VCI shrink films are also a challenge for the industry players. The disposal of these films can lead to environmental pollution, which has led to the development of eco-friendly VCI shrink films.
Key Segments Profiled in the VCI Shrink Films Market Survey
By Film Thickness:
- Below 25 micron
- 25 to 100 microns
- 100 to 200 microns
- Above 200 microns
By End Use Industry:
- Mining and Metallurgy
- Electronic & Electrical
- Automotive
- Transport & Logistic
- Aerospace
- Agriculture
- Others
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- Asia Pacific excluding Japan
- Japan
- Middle East and Africa
Request Report Methodology @ https://www.futuremarketinsights.com/request-report-methodology/rep-gb-9152
Market Benefits
- The study provides an in-depth analysis of the global VCI Shrink Films Market along with the current trends and future estimations to elucidate the imminent investment pockets.
- The key market players along with their strategies are thoroughly analyzed to understand the competitive outlook of the industry.
- An extensive analysis of the market based on application assists in understanding the trends in the industry.
- The report presents a quantitative analysis of the market from 2022 to 2032 to enable stakeholders to capitalize on the prevailing market opportunities.
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 Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
LinkedIn| Twitter| Blogs | YouTube
For Sales Enquiries: sales@futuremarketinsights.com
