VCI Films Market Growth: Industry Trends, Opportunities, Size, Share, Key Drivers and Future Scope by 2032

The global VCI films market is anticipated to grow from US$ 255 Mn in 2022 to US$ 430 Mn by 2032, with the overall sales accelerating at 5.4% CAGR throughout the forecast period. Rising application of VCI films across diverse industries including automotive, electronics, and healthcare is a key factor driving growth in the global VCI films market.

VCI films are a common packaging material and are being used for different applications. VCI films inhibit corrosion by employing molecules present inside them. They provide corrosion protection for metals by contact and resistance through vapour.

The continued growth of the VCI (Volatile Corrosion Inhibitor) films market is expected to be driven by the rising adoption of VCI films across diverse industries to combat the corrosion of metal and metal components. This trend is anticipated to persist and contribute to the sustained expansion of the VCI films market throughout the forecast period.

Request Sample Report: https://www.futuremarketinsights.com/reports/sample/rep-gb-15588

The VCI film industry is driven by the unique elements of VCI films such as higher strength, fire resistance, cross lamination, UV stabilization, and anti-static properties.

Market Drivers:

1. Corrosion Prevention Demand: The primary driver is the increasing demand for VCI films across industries to protect metal parts and components from corrosion during storage and transportation.
2. Metal Manufacturing and Processing: The growth of industries involved in metal manufacturing, processing, and export drives the need for effective corrosion protection solutions, such as VCI films.
3. Global Supply Chain Expansion: The expansion of global supply chains and international trade has led to longer shipping durations, making corrosion protection crucial, further boosting the demand for VCI films.
4. Regulatory Compliance: Compliance with environmental regulations and the need for eco-friendly corrosion protection solutions have led to the adoption of VCI films as they are non-toxic and recyclable.
5. Customization and Versatility: VCI films can be customized to fit various metal shapes and sizes, providing a versatile solution for different industries.

Market Restraints:

1. Alternative Corrosion Protection Methods: The availability of alternative corrosion protection methods, such as coatings, inhibitors, and packaging solutions, can compete with VCI films.
2. Cost Considerations: VCI films may be perceived as costlier compared to some traditional methods, impacting their adoption, especially among cost-sensitive industries.
3. Technical Challenges: Proper application and handling of VCI films require specific knowledge and training, and improper use can lead to ineffective corrosion protection.
4. Environmental Concerns: While VCI films are generally considered eco-friendly, some concerns about their disposal and recycling exist, which may affect their adoption.
5. Market Fragmentation: The VCI films market is fragmented with various manufacturers and product options, which can make it challenging for buyers to choose the most suitable solution.
6. Global Economic Conditions: Economic fluctuations and uncertainties can affect industrial production and, consequently, the demand for VCI films.
7. Packaging Innovations: Ongoing innovations in packaging materials and methods may offer alternative corrosion protection solutions that compete with VCI films.
8. Material Availability: The availability and cost of materials used in VCI films, such as the VCI chemicals themselves, can be subject to supply chain disruptions.

Key Takeaways from global VCI Films Market  

• By product type, shrinks films segment holds a market share of almost 60% in the global VCI films market and is expected to grow at a CAGR of 4.9% during the forecast period.
• Based on application, the automotive parts segment in the VCI films market is projected to foresee a remarkable CAGR of 5.7% over the forecast period.
• North America will continue to remain one of the leading markets for VCI films during the assessment period.
• The U.S. VCI films market is anticipated to grow at 5.6% CAGR through 2032.
• Demand for VCI films in India is likely to grow at the highest CAGR of 7.5% between 2022 and 2032.
• The VCI films market in China is expected to accelerate at a CAGR of 3.8% during the forecasted period.

Ask an Analyst: https://www.futuremarketinsights.com/askus/rep-gb-15588

Advancements in Materials and Manufacturing Techniques to Propel the VCI Films Market

Growth in shipping and logistical activities involving metal products is creating demand for advanced anti-corrosion products. Metal producers are choosing more-effective manufacturing models to succeed in competitive industries.

Consumers are also seeking more metal packaging as the primary driver behind the manufacturers’ product innovations. Leading companies for VCI packaging are manufacturing bio-based packaging products to minimize the use of plastic materials while not completely undermining the capabilities of anticorrosive products. Additionally, manufacturers are interested in providing all types of VCI products versus offering solely a single product.

Who is Winning?

Major competitors in the global VCI films are players like Daubert Cromwell, Transcendia Inc., Armor Protective Packaging, BRANOpac, Zavenir Daubert, Cortec Corporation, Aicello Corporation, NTIC, Branopac, MetPro Group, Nantong Yongyu Anti-Rust, Shenyang VCI, Nokstop Chem, Nefab Group, Crayex Corporation, Intertape Polymer Group, Patkar Extrusiontech (Pvt.) Ltd, James Dawson Enterprises Inc., RBL Industries, Tewes Corporation and others.

These players are adopting strategies such as new product launches, investments in R&D, partnerships, collaborations, and mergers to gain a competitive edge in the market.

Global VCI Films Market by Category

By Product Type:

• Stretch VCI Films
• Shrink VCI Films

By Material:

• Polyethylene (PE)
• Polyethylene Terephthalate (PET)
• Polypropylene (PP)
• Polyvinyl Chloride
• Others

By Application:

• Aerospace & Military Application
• Heavy Plant Machinery
• Electricals & Electronic Components
• Automotive Parts
• Import & Export Packaging
• Other (Agriculture, etc.)

By Region:

• North America
• Latin America
• Europe
• Middle east and Africa
• East Asia
• South Asia
• Oceania

Report Customization available: https://www.futuremarketinsights.com/customization-available/rep-gb-15588

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:        

Nandini Singh Sawlani  

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
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube