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, sometimes referred to as VCI shrink wraps, are transparent films with volatile, clear corrosion inhibitor molecules that help shield metal surfaces from outside influences like corrosion. These films come in a variety of sizes and are offered in sheets, rolls, bags, and tubing formats. They can be used to cover ferrous, non-ferrous, and multi-metal materials.
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.
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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.
Growth Drivers of the VCI Shrink Films Market
1. Increasing Demand for Anti-Corrosion Packaging- The increasing demand for anti-corrosion packaging is a key driver of the VCI shrink films market. VCI shrink films provide an efficient and cost-effective solution to protect metal components from corrosion during transportation and storage.
2. Growth in End-use Industries- The growth in end-use industries, such as automotive, aerospace, and construction, is driving the demand for VCI shrink films. These industries require metal components to be protected from corrosion, which has led to an increased adoption of VCI shrink films.
3. Technological Advancements- Technological advancements in VCI shrink films, such as improved barrier properties and extended shelf life, are driving the demand for these films. The development of eco-friendly VCI shrink films is also expected to boost the growth of the market.
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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
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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.
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