Volatile corrosion inhibitors (VCI) are a type of corrosion inhibitor that are used to protect ferrous materials and nonferrous metals against corrosion or oxidation where it is impractical to apply surface treatments. They slowly release compounds within a sealed airspace that actively prevents surface corrosion. A typical application is to protect stored tools or parts inside bags, boxes or cupboards, one advantage of VCIs being that if the container is opened and reclosed, levels of inhibitor will recover.
The steady growth of the automotive industry and aerospace industry, and the vigorous development of the rail transportation industry are the key factors driving the growth of the market.
North America was the largest production market with a market share of 38.74% in 2012 and 37.54% in 2017 with a decrease of 1.19%. Europe ranked the second market with the market share of 21.32% in 2016.
The VCI paper for ferrous metals segment of this market is estimated to account for the largest market share, in terms of value, in 2017. This segment leads the market due to its application in all automotive vehicles passenger vehicle or commercial vehicle that roll out of the manufacturing unit. The second largest market, by application, in 2017 is the engine control and cooling system, followed by Aerospace Precision Parts.
The global market for VCI Anti Rust Paper is projected to reach US$ 142.29 million by 2022, driven by the steadily recovering global economy and the parallel improvement in outlook for the automotive and manufacturing sectors. Asia-Pacific represents the largest market worldwide, supported by rising public sector investments in defense, infrastructure and aerospace, across countries including China, Malaysia, South Korea and India. Also driving growth is the growing foreign direct investments in the manufacturing sector in key Asian economies. The United States represents another major market for VCI Anti Rust Paper with reshoring marking the beginning of the much awaited manufacturing renaissance in the country. ‘Bolts’ represents the largest product market while the ‘automotive’ sector ranks as the largest end-use market.
According to this study, over the next five years the VCI Anti Rust Paper market will register a 3.1% CAGR in terms of revenue, the global market size will reach US$ 150 million by 2024, from US$ 120 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in VCI Anti Rust Paper business, shared in Chapter 3.
This report presents a comprehensive overview, market shares, and growth opportunities of VCI Anti Rust Paper market by product type, application, key manufacturers and key regions and countries.
This study considers the VCI Anti Rust Paper value and volume generated from the sales of the following segments:
Global VCI Anti Rust Paper Market report features the major aspect of the market in terms of historic data, current market situations, market demand along with detailed analysis of the key players involved in the market.VCI Anti Rust Paper Industry report also provides essential attributes associated with VCI Anti Rust Paper market and act an essential tool to companies active across the value chain and to the newcomer by enabling them to capitalize the opportunities and develop business strategies.
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Global VCI Anti Rust Paper Market focuses on the, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa.VCI Anti Rust Paper business report categorizes the market based on manufacturers, regions, type and application. From a global perspective, this report represents VCI Anti Rust Paper market in-depth outlook by analyzing historical statistics and future prospect.
TOP MOST PLAYERS:
Armor Protective Packaging
Protective Packaging Corporation
Technology Packaging Ltd
Protopak Engineering Corp
Market Segment by Type, covers:
VCI paper for ferrous metals
VCI paper for non-ferrous metals
VCI multi-metal papers
Market Segment by Applications, can be divided into:
Metal Forging and Die Casting
The prospective of this VCI Anti Rust Paper industry study delivers the key industry dynamic with respect to driving & limiting factors with their current and expected impact on market growth. Moreover, VCI Anti Rust Paper present market share and future prospects of the segment in terms of has also been explored in this report.
Global VCI Anti Rust Paper market report showcases qualitative and quantitative estimation by industry analysts, first-hand data, and assistance from industry experts along with each industry manufacturers by the market valuation. VCI Anti Rust Paper report also gives extensive analysis of market share, latest industry trends and forecast data analysis with respect to sales revenue, market growth, and demand and supply scenario.
Conclusively, the VCI Anti Rust Paper Market report provides major statistics on the state of the industry also it is considered as an essential source of guidance and direction for businesses and individuals involved in the market.