During the projected period 2022-2032, the global volatile corrosion inhibitor (VCI) shrink films market is expected to develop at a high CAGR of roughly 5% to 6%. 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.
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.
Request Sample Report @ https://www.futuremarketinsights.com/reports/sample/rep-gb-9152
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.
Which are Some Prominent Drivers Spearheading VCI Shrink Films Market Growth?
VCI shrink films are designed to provide long-term protection for metallic parts made of various metals such as iron & steel, copper, brass, tin, zinc & zinc galvanized, bronze, and nickel from corrosion during manufacturing, storage, and transit. Also, these films have favorable characteristics such as excellent clarity, ultraviolet (UV) stability, cross-laminated, and cling properties, which eliminate the need for additional cleaning and degreasing to metal parts covered with this films.
Attributed to this, VCI shrink films are finding a wide range of applications across transport & logistic sectors for storage and transportation of metal parts. They are extensively being used in centerfold sheeting, case liners and covers, lock-tip bags, single wound sheeting, elasticated bags, tubing, flat gusseted bags, and others, thereby, creating strong demand in the market.
Hence, leading players are emphasizing on developing novel shrink wrapping films with innovative features such as flame retardant and anti-static properties to capitalize on the surging demand. Some of the manufacturers are also aiming at providing customized VCI shrink films as per the end use and application need. This is projected to accelerate the sales of VCI shrink films in the global market over the forthcoming years.
Ask an Analyst @ https://www.futuremarketinsights.com/askus/rep-gb-9152
Why is North America Emerging as an Opportunistic VCI Shrink Films Market?
As per FMI, North America is estimated to exhibit growth at a rapid CAGR in the global VCI shrink films market during the forecast period 2022-2032.
Demand for VCI shrink films is increasing at a rapid pace, owing to increasing application in storage and transportation sector. These VCI films do not affect physical surface properties and eliminate the need for wiping, spraying, surface preparation, or dipping along with securely wrapping irregularly shaped products that are difficult to wrap. Attributed to this, these shrink films are increasingly being used for wrapping electronic and electric metal goods, machineries, metallurgy equipment, and others.
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 Complete TOC @ https://www.futuremarketinsights.com/toc/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
For Sales Enquiries: sales@futuremarketinsights.com
Browse Latest Market reports: https://www.futuremarketinsights.com/reports