Market Overview:
The global volatile corrosion inhibitors (VCI) market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for VCI products from various end-use industries, such as metallurgy, aerospace, automotive, oil and gas processing, and electronics. In addition, rising concerns about environmental pollution are also propelling the growth of the global VCI market. On the basis of type, paper-based VCIs are expected to lead the global VCI market during the forecast period owing to their easy availability and low cost as compared with other types of VCIs. On account of their high performance and superior quality standards, film-based VCIs are projected to witness significant growth in demand duringthe forecast period.
 Industry Outlook.svg)
Product Definition:
Volatile corrosion inhibitors are compounds that, when released into the air, attach to metal surfaces and form a protective layer. This layer protects the metal from corroding. VCI's are important because they can protect metals in storage or shipment from corroding.
VCI Paper:
VCI Paper is a special paper intended to be used in the packaging of various products, such as paints & coatings, adhesives & sealants and other specialty chemicals. It has excellent properties that make it stand out amongst other papers including water resistance and high strength. VCI Paper is manufactured using cellulose fiber which has been treated with an oxygen-free environment resulting in its unique property of being highly resistant to water.
VCI Film:
VCI film is a protective coating that is applied on various metal parts to prevent them from corrosion. It works by forming a barrier over the surface of the part, restricting moisture and other contaminants from reaching their corrosive destination. VCI films are available in different forms such as powder, liquid or solution and can be applied to any metal part with the help of special applicators or spray guns.
Application Insights:
The market is segmented by application into metallurgy industry, aerospace industry, automotive industry, oil, gas and process industries and electronics industry. In 2017 the metallurgy application dominated the global VCI market with a revenue share of over 40%. The use of VCI in steel manufacturing reduces corrosion caused by atmospheric oxygen or water vapor at high temperatures. This has led to its dominance in this sector over the past few years.
In 2016 VCI was used for preventing corrosion in various other industries including food processing equipment; pulp and paper; chemical; mining machinery etc. However these applications are expected to witness sluggish growth owing to rising environmental concerns regarding volatile organic compounds (VOCs). These inhibitors have been witnessing increased demand from emerging economies such as India and China due to their growing electronics sectors which is likely to remain a key driving factor for this market during the forecast period.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing region with a CAGR of XX% over the forecast period. The growth can be attributed to increasing foreign investments in countries such as China, India, and Japan. For instance, in 2016, Volkswagen Group announced its plan to invest around USD X billion by 2018 in India's automobile industry which is expected to create more than 300 jobs at the plant level over a period of three years.
In terms of revenue share, Europe accounted for 23% of global volatile corrosion inhibitors (VCI) market share in 2016 owing high demand from automotive and aerospace industries coupled with growing R&D activities relatedto VCI technology across European countries such as U K.
Growth Factors:
- Increasing demand from end-use industries: The global VCI market is projected to grow at a CAGR of 5.5% from 2017 to 2022, owing to the increasing demand from end-use industries such as automotive, aerospace & defense, and metalworking.
- Growing awareness about the benefits of using VCI products: The growing awareness about the benefits of using VCI products is another key factor driving the growth of this market. VCIs offer protection against corrosion and extend the life of equipment and components in various industries.
- Rising investments in R&D activities: Key players in this market are investing heavily in R&D activities to develop new and innovative VCI products that can cater to the specific needs of different end-use industries.
- Stringent environmental regulations worldwide: Stringent environmental regulations worldwide are compelling companies operating in various sectors to use corrosion inhibitors such as VCIs for protecting their equipment and components from rusting and corrosion damage caused by water or other contaminants present in air or soil environment .
Scope Of The Report
Report Attributes
Report Details
Report Title
Volatile Corrosion Inhibitors (VCI) Market Research Report
By Type
VCI Paper, VCI Film, VCI Liquid, VCI Powder, Others
By Application
Metallurgy Industry, Aerospace Industry, Automotive Industry, Oil, Gas and Process Industries, Electronics Industry
By Companies
CORTEC, Branopac, Armor Protective Packaging, Oji F-Tex, Daubert VCI, Zerust, RustxUS, Transilwrap (Metpro), Protective Packaging Corporation, Technology Packaging, Green Packaging, CVCI, KEYSUN
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
247
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
Global Volatile Corrosion Inhibitors (VCI) Market Report Segments:
The global Volatile Corrosion Inhibitors (VCI) market is segmented on the basis of:
Types
VCI Paper, VCI Film, VCI Liquid, VCI Powder, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Metallurgy Industry, Aerospace Industry, Automotive Industry, Oil, Gas and Process Industries, Electronics Industry
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- CORTEC
- Branopac
- Armor Protective Packaging
- Oji F-Tex
- Daubert VCI
- Zerust
- RustxUS
- Transilwrap (Metpro)
- Protective Packaging Corporation
- Technology Packaging
- Green Packaging
- CVCI
- KEYSUN
 Market Overview.svg)
Highlights of The Volatile Corrosion Inhibitors (VCI) Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- VCI Paper
- VCI Film
- VCI Liquid
- VCI Powder
- Others
- By Application:
- Metallurgy Industry
- Aerospace Industry
- Automotive Industry
- Oil, Gas and Process Industries
- Electronics Industry
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Volatile Corrosion Inhibitors (VCI) Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
VCI is a class of corrosion inhibitors that are used in many industrial and commercial applications. VCI can be broadly classified into two types: organic and inorganic. Organic VCI are typically made from natural or synthetic materials, while inorganic VCI are usually made from metals or other minerals.
Some of the major players in the volatile corrosion inhibitors (vci) market are CORTEC, Branopac, Armor Protective Packaging, Oji F-Tex, Daubert VCI, Zerust, RustxUS, Transilwrap (Metpro), Protective Packaging Corporation, Technology Packaging, Green Packaging, CVCI, KEYSUN.
The volatile corrosion inhibitors (vci) market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Volatile Corrosion Inhibitors (VCI) Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Volatile Corrosion Inhibitors (VCI) Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Volatile Corrosion Inhibitors (VCI) Market - Supply Chain
4.5. Global Volatile Corrosion Inhibitors (VCI) Market Forecast
4.5.1. Volatile Corrosion Inhibitors (VCI) Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Volatile Corrosion Inhibitors (VCI) Market Size (000 Units) and Y-o-Y Growth
4.5.3. Volatile Corrosion Inhibitors (VCI) Market Absolute $ Opportunity
5. Global Volatile Corrosion Inhibitors (VCI) Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Volatile Corrosion Inhibitors (VCI) Market Size and Volume Forecast by Type
5.3.1. VCI Paper
5.3.2. VCI Film
5.3.3. VCI Liquid
5.3.4. VCI Powder
5.3.5. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Volatile Corrosion Inhibitors (VCI) Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Volatile Corrosion Inhibitors (VCI) Market Size and Volume Forecast by Application
6.3.1. Metallurgy Industry
6.3.2. Aerospace Industry
6.3.3. Automotive Industry
6.3.4. Oil, Gas and Process Industries
6.3.5. Electronics Industry
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Volatile Corrosion Inhibitors (VCI) Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Volatile Corrosion Inhibitors (VCI) Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Volatile Corrosion Inhibitors (VCI) Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Volatile Corrosion Inhibitors (VCI) Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Volatile Corrosion Inhibitors (VCI) Demand Share Forecast, 2019-2026
9. North America Volatile Corrosion Inhibitors (VCI) Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Volatile Corrosion Inhibitors (VCI) Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Volatile Corrosion Inhibitors (VCI) Market Size and Volume Forecast by Application
9.4.1. Metallurgy Industry
9.4.2. Aerospace Industry
9.4.3. Automotive Industry
9.4.4. Oil, Gas and Process Industries
9.4.5. Electronics Industry
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Volatile Corrosion Inhibitors (VCI) Market Size and Volume Forecast by Type
9.7.1. VCI Paper
9.7.2. VCI Film
9.7.3. VCI Liquid
9.7.4. VCI Powder
9.7.5. Others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Volatile Corrosion Inhibitors (VCI) Demand Share Forecast, 2019-2026
10. Latin America Volatile Corrosion Inhibitors (VCI) Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Volatile Corrosion Inhibitors (VCI) Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Volatile Corrosion Inhibitors (VCI) Market Size and Volume Forecast by Application
10.4.1. Metallurgy Industry
10.4.2. Aerospace Industry
10.4.3. Automotive Industry
10.4.4. Oil, Gas and Process Industries
10.4.5. Electronics Industry
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Volatile Corrosion Inhibitors (VCI) Market Size and Volume Forecast by Type
10.7.1. VCI Paper
10.7.2. VCI Film
10.7.3. VCI Liquid
10.7.4. VCI Powder
10.7.5. Others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Volatile Corrosion Inhibitors (VCI) Demand Share Forecast, 2019-2026
11. Europe Volatile Corrosion Inhibitors (VCI) Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Volatile Corrosion Inhibitors (VCI) Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Volatile Corrosion Inhibitors (VCI) Market Size and Volume Forecast by Application
11.4.1. Metallurgy Industry
11.4.2. Aerospace Industry
11.4.3. Automotive Industry
11.4.4. Oil, Gas and Process Industries
11.4.5. Electronics Industry
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Volatile Corrosion Inhibitors (VCI) Market Size and Volume Forecast by Type
11.7.1. VCI Paper
11.7.2. VCI Film
11.7.3. VCI Liquid
11.7.4. VCI Powder
11.7.5. Others
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Volatile Corrosion Inhibitors (VCI) Demand Share, 2019-2026
12. Asia Pacific Volatile Corrosion Inhibitors (VCI) Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Volatile Corrosion Inhibitors (VCI) Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Volatile Corrosion Inhibitors (VCI) Market Size and Volume Forecast by Application
12.4.1. Metallurgy Industry
12.4.2. Aerospace Industry
12.4.3. Automotive Industry
12.4.4. Oil, Gas and Process Industries
12.4.5. Electronics Industry
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Volatile Corrosion Inhibitors (VCI) Market Size and Volume Forecast by Type
12.7.1. VCI Paper
12.7.2. VCI Film
12.7.3. VCI Liquid
12.7.4. VCI Powder
12.7.5. Others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Volatile Corrosion Inhibitors (VCI) Demand Share, 2019-2026
13. Middle East & Africa Volatile Corrosion Inhibitors (VCI) Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Volatile Corrosion Inhibitors (VCI) Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Volatile Corrosion Inhibitors (VCI) Market Size and Volume Forecast by Application
13.4.1. Metallurgy Industry
13.4.2. Aerospace Industry
13.4.3. Automotive Industry
13.4.4. Oil, Gas and Process Industries
13.4.5. Electronics Industry
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Volatile Corrosion Inhibitors (VCI) Market Size and Volume Forecast by Type
13.7.1. VCI Paper
13.7.2. VCI Film
13.7.3. VCI Liquid
13.7.4. VCI Powder
13.7.5. Others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Volatile Corrosion Inhibitors (VCI) Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Volatile Corrosion Inhibitors (VCI) Market: Market Share Analysis
14.2. Volatile Corrosion Inhibitors (VCI) Distributors and Customers
14.3. Volatile Corrosion Inhibitors (VCI) Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. CORTEC
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Branopac
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Armor Protective Packaging
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Oji F-Tex
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Daubert VCI
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Zerust
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. RustxUS
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Transilwrap (Metpro)
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Protective Packaging Corporation
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Technology Packaging
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Green Packaging
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. CVCI
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. KEYSUN
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
