2018-2023 Global VCI Anti Rust Paper Consumption Market Report
In this report, LP Information covers the present scenario (with the base year being 2017) and the growth prospects of global VCI Anti Rust Paper market for 2018-2023.
Volatile corrosion inhibitors (VCI) are a type of corrosion inhibitor that are used to protect ferrous materials and nonferrous metals against corrosion or oxidation where it is impractical to apply surface treatments. They slowly release compounds within a sealed airspace that actively prevents surface corrosion. A typical application is to protect stored tools or parts inside bags, boxes or cupboards, one advantage of VCIs being that if the container is opened and reclosed, levels of inhibitor will recover.
The steady growth of the automotive industry and aerospace industry, and the vigorous development of the rail transportation industry are the key factors driving the growth of the market.
North America was the largest production market with a market share of 38.74% in 2012 and 37.54% in 2017 with a decrease of 1.19%. Europe ranked the second market with the market share of 21.32% in 2016.
The VCI paper for ferrous metals segment of this market is estimated to account for the largest market share, in terms of value, in 2017. This segment leads the market due to its application in all automotive vehicles passenger vehicle or commercial vehicle that roll out of the manufacturing unit. The second largest market, by application, in 2017 is the engine control and cooling system, followed by Aerospace Precision Parts.
The global market for VCI Anti Rust Paper is projected to reach US$ 142.29 million by 2022, driven by the steadily recovering global economy and the parallel improvement in outlook for the automotive and manufacturing sectors. Asia-Pacific represents the largest market worldwide, supported by rising public sector investments in defense, infrastructure and aerospace, across countries including China, Malaysia, South Korea and India. Also driving growth is the growing foreign direct investments in the manufacturing sector in key Asian economies. The United States represents another major market for VCI Anti Rust Paper with reshoring marking the beginning of the much awaited manufacturing renaissance in the country. 'Bolts' represents the largest product market while the 'automotive' sector ranks as the largest end-use market.
Over the next five years, LPI(LP Information) projects that VCI Anti Rust Paper will register a 3.1% CAGR in terms of revenue, reach US$ 150 million by 2023, from US$ 120 million in 2017.
This report presents a comprehensive overview, market shares, and growth opportunities of VCI Anti Rust Paper market by product type, application, key manufacturers and key regions.
To calculate the market size, LP Information considers value and volume generated from the sales of the following segments:
Segmentation by product type:
VCI paper for ferrous metals
VCI paper for non-ferrous metals
VCI multi-metal papers
Segmentation by application:
Metal Forging and Die Casting
This report also splits the market by region:
Middle East & Africa
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report:
Armor Protective Packaging
Protective Packaging Corporation
Technology Packaging Ltd
Protopak Engineering Corp
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
To study and analyze the global VCI Anti Rust Paper consumption (value & volume) by key regions/countries, product type and application, history data from 2013 to 2017, and forecast to 2023.
To understand the structure of VCI Anti Rust Paper market by identifying its various subsegments.
Focuses on the key global VCI Anti Rust Paper manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the VCI Anti Rust Paper with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of VCI Anti Rust Paper submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.