Volatile Corrosion Inhibitors Market Size
As per the latest market research report, the market for volatile corrosion inhibitors was at US $ XX Million in 2015 and It is expected to show significant growth over the forecast period 2028, due to increased metal processing, power generation and building sector.
Volatile Corrosion Inhibitors Market Overview
Volatile corrosion inhibitor films have anticorrosive properties that protect packaged products. These films eliminate the need for oil and grease and are used as a protective packaging material for the transportation of metal products. These films are moisture resistant, keeping them clean and dry and eliminating the risk of oxide formation on the surface of the product. Asia Pacific dominates the global market due to significant growth in the construction, electronics and automotive sectors in China and India.
Growth Drivers, Challenges and Opportunities of Volatile Corrosion Inhibitors Market
The demand for packaging films used to protect metal surfaces from corrosion, cavities and cracks is increasing and volatile corrosion inhibiting films have protective features. Methods such as galvanizing and painting are used to prevent the product from oxidizing. However, the application of these coatings increases the cost of manufacturing the products. In addition, the application of paint and galvanizing requires the use of machinery and labor and adds the cost of paint to the cost of manufacture, which also increases the cost of products. Therefore, manufacturers find that coating product with volatile corrosion inhibitor films are more cost effective in comparison.
Volatile corrosion inhibitor packaging manufacturers offer a wide range of papers, such as coated, antistatic and grease resistant barriers, and others with film-like properties. These properties of volatile corrosion inhibiting papers increase their preference over film, which drives the growth of the market. However, it is expected that the constant innovation of the product for the manufacture of various herbs and plant extracts as green corrosion inhibitors will provide opportunities for market development.
Geographical Insights of Volatile Corrosion Inhibitors Market:
In terms of consumption and production, Asia Pacific dominates the global market for volatile corrosion inhibitors. This is mainly due to significant growth in the construction, electronics and automotive sectors in the Asia-Pacific region, particularly in China and India. In addition, the Chinese market for volatile corrosion inhibitors is expected to record healthy growth over the forecast period. The implementation of stringent VOC emission regulations in the European and North American regions is expected to largely hinder the growth of the market. North America, followed by the European market is expected to grow slowly over the forecast period. Volatile corrosion inhibitor markets in the Middle East, Africa and Latin America are expected to grow steadily over the forecast period.
Few of the Key Players dominating the Volatile Corrosion Inhibitors Market Profiled in the Report are:
- Branopac GMBH
- Protective Packaging Corporation
- Cortec Corporation
- Zavenir Daubert India Pvt Ltd
- Metpro Group
- Chem-Verse Consultants (India) Pvt. Ltd
- Armor Protective Packaging India Pvt Ltd
- Johoku Chemical Co., Ltd
This research report includes the following segmentation for the Volatile Corrosion Inhibitors Market size and forecast 2028
Volatile Corrosion Inhibitors Market – By Material
- VCI Petroleum based
- VCI Modified
- VCI Latex
Volatile Corrosion Inhibitors Market - By Product
- Adhesive Films
- Bubble Films
- Elastic Films
- Shrink Films
Volatile Corrosion Inhibitors Market - By Application
- Bags and Pouches
- Flat Bags and Pin Bags
Volatile Corrosion Inhibitors Market - By End User
- Other Industries
Volatile Corrosion Inhibitors Market – By Region
- North America
- United Kingdom
- South Korea
- Latin America
- Middle-East & Africa