The global VCI paper market is likely to be valued at US$ 600.3 million in 2022 and is predicted to secure a sluggish CAGR of 1.5% through 2032. The sales of VCI paper are expected to grow at a value of US$ 696.5 million by 2032.
VCI paper, also known as anti-corrosion paper, is a specially treated packaging material designed to inhibit corrosion on metal surfaces. The paper is infused with volatile corrosion inhibitors that vaporize and form a protective layer on the metal, preventing oxidation and rust formation. VCI paper is widely used in industries such as automotive, aerospace, electronics, machinery, and metalworking.
The Growing Demand for VCI Paper
The VCI paper market has witnessed significant growth in recent years due to the increasing demand for corrosion protection solutions across various industries. As companies expand their operations globally, the need for reliable packaging materials that ensure product integrity and prevent damage during transit has become paramount. VCI paper offers a cost-effective and efficient solution to combat corrosion, making it a preferred choice for manufacturers and distributors worldwide.
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Competitive Landscape-
Key Players Setting the Bar too High for New Entrants with their Innovation Capabilties
The key companies are seeking solutions that would make packaging seamless for the end users. Some of the recent developments by the market players are:
Natur-VCI, a biodegradable and compostable vapor corrosion inhibitor film, was introduced in May 2021 by the Northern Technologies International Corp. business unit to protect both ferrous and non-ferrous metals during shipment and short-term storage.
The key players in the VCI paper market are:
- Branopac
- OJI PAPE
- Daubert VCI
- Zerust
- RustxUS
- LPS Industries
- Transilwrap (Metpro)
- Protective Packaging Corporation
- RBL Industries
- Technology Packaging Ltd
- Protopak Engineering Corp
- Green Packaging
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Factors Driving the VCI Paper Market
Several factors contribute to the growth of the VCI paper market. Let’s explore some key drivers:
- Rising Awareness about Corrosion Prevention: With a greater understanding of the detrimental effects of corrosion on metal components, industries are proactively adopting preventive measures. VCI paper has gained prominence as an effective and easy-to-use solution for corrosion protection.
- Expanding Industrial Infrastructure: The rapid growth of industries such as automotive, aerospace, and electronics has increased the demand for reliable corrosion protection solutions. VCI paper offers a practical and versatile option to safeguard critical components during storage and transportation.
- Globalization and International Trade: As businesses engage in cross-border trade, the risk of corrosion during long-distance shipping and extended storage periods becomes more significant. VCI paper acts as a barrier, preventing moisture and air from reaching the metal surfaces, thereby minimizing the chances of corrosion.
- Environmentally Friendly Packaging: VCI paper is often considered an eco-friendly alternative to traditional oil and wax-based corrosion inhibitors. It is recyclable, non-toxic, and does not leave any residue on the metal surfaces. This makes it a sustainable packaging solution favored by environmentally conscious industries.
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Key Segments in the VCI Paper Market
By Product:
- VCI Paper
- VCI Films
- VCI Bags
- Foam
- Other
By Material:
- Paper
- Polythene
- Other
By End-User Industry:
- Aerospace & Defence
- Primary Metal
- Electricals & Electronics
- Automotive
- Heavy Equipment
- Metal Works
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