VCI Aerosol Market 2022 | Present Scenario and Growth Prospects 2031

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VCI Aerosol Market – Market Overview

Corrosion usually occurs when a metal is exposed to the environment and converts into a more chemically stable substance like oxide, sulfide, carbonate, or hydroxide. A VCI which is a volatile corrosion inhibitor helps to prevent a metal by delaying or stopping the process of corrosion. Liquid VCI aerosol can be used for cleaning, coating, and lubricating metal tanks, containers, engines, crankshaft, etc.

What are the Key Trends Impacting the Growth of VCI Aerosol in the Market?

The pulp and paper industry is constantly adopting VCI aerosol to prevent its machines from corroding since it involves high-cost, technologically advanced equipment that are prone to get rusty if exposed to chemicals like dioxins for a long time. Increasing usage of machinery and technological advancement in the field of automobile and metal processing are two of the key factors driving growth for VCI aerosol in the market.

How is Oil and Gas Segment Constantly iIproving the Demand for VCI Aerosol?

According to American Petroleum Institute, the oil and natural gas industry in the U.S. contributes almost 8% of the country’s GDP and also generates 10.3 million jobs in the country. Corrosion and oxidation in pipelines, refineries and generators are the primary cause of the decaying of machines and equipment in the oil and gas industry and this is driving the usage of VCI aerosol in the industry. To ensure efficiency and prevent machine breakdown, VCI aerosol is extensively used in the industry.

What are the Key Challenges that can hamper the Growth of VCI Aerosol Market?

Increasing costs to prevent corrosion and regulations by governments across the world to use toxin-free VCI aerosols are a few of the factors that can hamper the growth of the market. Problems like a faulty valve, puncture in spray, excessive pressure and temperature are some other issues that can restrain the growth of VCI in aerosol format.

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Competitive Landscape

The following are the key market players in the global VCI aerosol market are

• Magna International Pte Ltd.
• Adsil Corporation
• Cortec Corporation
• The Lubrizol Company
• Northern Technologies International Corporation
• Corpac Deutschland GmbH & Co. KG
• Kpr Adcor Inc.
• Safepack Industries Ltd.
• Deva Preservation Services Pvt. Ltd.
• Daubert Cromwell
• Shenyang Rustproof Packaging Material Co. Ltd.
• Toyo Aerosol Industry Co., Ltd.
• NAMBANG CAN

among many others are involved in production of VCI aerosol in Asia Pacific region.

What Strategies are Key Players Adopting to Increase their Market Share in the Global VCI Aerosol Market?

Market players are manufacturing innovative and long-lasting VCI aerosol sprays that could be used on multiple surfaces and could work again any treatment and environmental consequences. Entry of new market players could be observed every month, this is giving rise to diversity in offerings and also lowering the price of the products present in the market.

• In October 2021, Adsil Corporation designed a new VCI aerosol that surpassed 16,200 hours of testing with no salt corrosion.

Why is China a Big Market for VCI Aerosols?

The machinery and equipment industry in China is anticipated to expand consistently due to its favorable manufacturing industry infrastructure. The country offers ease in the procurement of raw materials, availability of cheaper labor and favorable national government policies for manufacturing processes.

Further, the flexible packaging industry in China is well developed as a result of the presence of many regional as well as global manufacturers of machinery and equipments. All these factors are anticipated to augment the demand for VCI aerosol market in the country.

How has COVID-19 Impacted the Growth of VCI Aerosol Market?

COVID-19 had a major impact on the growth of the VCI aerosol market. Due to pandemic situations across the globe, most of the manufacturing companies were shut down, which led to cutting the cost of corrosion inhibitors in 2020.

However, with cases of the virus depleting and industries opening up, VCI aerosol market is expected to boost during the forecast period and generate a value CAGR of 5.0% to 6.0%.

On the Basis of Type:

• Oil-based
• Water-based

On the Basis of Product:

• Organic
• Inorganic

On the Basis of End Use Industry:

• Oil & Gas
• Power Generation
• Paper & Pulp
• Metal Processing
• Chemical Processing
• Water Treatment
• Others (Automotive)

On the Basis of Region:

• North America
• Latin America
• Europe
• South Asia
• East Asia
• Oceania
• Middle East & Africa (MEA)

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