To prevent metal products from corrosion for long duration of time, Volatile Corrosion Inhibitor (VCI), a sub-category of corrosion inhibitor compounds are used. VCI packaging have enough vapor pressure to remove and liberate molecules from compound into the air. It follows electro-chemical process and forms a thin protective layer on the metal surface.
Properties of metal are not altered by VCI packing in any way. The VCI compounds are now widely used in the packaging products to safeguard contents stored inside it. VCI compounds could be used to manufacture packaging products in different formats such as films, nettings, papers, plastic molded products, foams and other packaging components.
A major challenging factor in the VCI packaging market is the inabilities of the existing manufacturers to develop effective VCI packaging products at technical front. Numerous challenges during manufacturing and increased cost suffered make it punishing to compete in the market. Clustered challenges and high cost of raw materials result in indefinite increase in prices of VCI packaging products which in turn distress the demand in the market.
Development of new and innovative VCI packaging products that serves large application segments would generate an order of new opportunities in the market.Also, any technological advancement that results in cost-dipping could favor in bucketing new opportunities coming up in next few years in VCI packaging market.
Volatile Corrosion Inhibitors (VCI) Packaging Market: Market Segmentation: Volatile Corrosion Inhibitors (VCI) Packaging Market Segmentation: By Product Type: Paper, Polyvinyl Chloride, Polypropylene, Plastic- Polyethylene, Polyethylene Terephthalate, Others; Volatile Corrosion Inhibitors (VCI) Packaging Market Segmentation: By Product Type:Films:Stretch VCI Packaging Films,Shrink VCI Packaging Films,Protection Paper,Nettings,Others; Volatile Corrosion Inhibitors (VCI) Packaging Market Segmentation: By End Use Industry:Automotive & Allied Industries,Electrical & Electronic Components, Military Applications,Heavy Plant Machinery, Aerospace,Other Metal Engineering applications
Volatile Corrosion Inhibitors (VCI) Packaging Market: Regional Overview: On the basis of region, the VCI Packaging market is divided as Middle East & Africa, North America, Latin America, Western Europe, Eastern Europe, APEJ (Asia-Pacific Excluding Japan) and Japan.
North America, after Europe, rules the global VCI packaging market. The demand for VCI packaging will raise up slowly but at a steady growth rate throughout the forecast period. In Asia-Pacific region, it is still obtaining momentum and is anticipated to create substantial opportunities in next 4-5 years. Majority of demand in India and ASEAN region fulfilled through imports from developed nations. However, Japanese companies are creating strong impetus to soar the present demand in the country with the launch of new and innovative products.
Volatile Corrosion Inhibitors (VCI) Packaging Market: Market Players: Some of the main players in the volatile corrosion inhibitors (VCI) packaging market are Transcendia, Armor Protective Packaging, Daubert Cromwell, Tech Corro, Branopac India Pvt. Ltd., Zavenir Daubert, Penguin Plastics Inc.,Tewes Corporation, Presto Products Company, and Muller LCS Inc.