Volatile Corrosion Inhibitors (VCI) Packaging Material Market Growth Rate, Statistics, Segment and Forecasts To 2025| Cortec Corporation, Branopac GmbH, Armor Protective Packaging

 


Corrosion inhibitors that are volatile Packaging material is made by impregnating packaging materials like paper and plastic with volatile corrosion inhibitors (VCI) or vapour corrosion inhibitors. Amino salts and nitrile compounds are the most common types of volatile corrosion inhibitors. It produces a thin barrier on the package surface to prevent rust and corrosion on metal surfaces.

Metals are protected from corrosion using VCI packing material during shipment and storage. Steel packaging, automotive packaging, metal packaging, and other types of packaging all use it.

According to NACE International's International Measures of Prevention, Application, and Economics of Corrosion Technology (IMPACT), the global cost of corrosion in 2013 was US$ 2.5 trillion, or 3.4 percent of global GDP, with the industrial sector accounting for the majority of the cost. As a result, the worldwide VCI packaging material market is growing due to the significant burden of corrosion.Corrosion inhibitors that are volatile Automotive parts such as gears, axles, and differential units are packaged effectively using packing material. Furthermore, the World Trade Organization (WTO) claims that (WTO).

VCI packaging materials are being widely used in the growing industrial packaging industry. The global industrial packaging market is expected to grow at a CAGR of 6.1 percent between 2017 and 2025, reaching US$ 97.2 billion, according to a Coherent Market Insights analysis.

Due to increased demand for anti-corrosion packaging from various end-use sectors such as electronics and automotive, Asia Pacific is predicted to develop at the fastest rate in the worldwide Volatile Corrosion Inhibitors (VCI) packaging material market.

According to SEMI, an industry association of material, equipment, and service providers for semiconductor, LED, and photovoltaic panel manufacturing, China's integrated circuit packaging and testing market generated revenue of US$ 29 million in 2017, making China the world's largest consumer of packaging equipment and materials. The VCI packaging materials market is developing due to the rising need for electronic component packaging.

Cortec Corporation, Branopac GmbH, Armor Protective Packaging, Protective Packaging Corporation, Nefab Group, Daubert Industries, Inc., Zerust Excor, and Metpro Group are some of the major competitors in the global volatile corrosion inhibitors packaging material market.

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