Global VCI Aerosol Market Overview
According to SPER Market Research, the Global VCI Aerosol Market is estimated to reach USD 8.77 billion by 2032 with a CAGR of 5.54%.
When a metal is exposed to the environment, corrosion typically takes place and the metal transforms into something more chemically stable, such as oxide, sulphide, carbonate, or hydroxide. A volatile corrosion inhibitor, or VCI, aids in the prevention of a metal by slowing down or halting the corrosion process. You can clean, coat, and lubricate metal tanks, containers, engines, crankshafts, etc. with liquid VCI aerosol. The VCI Aerosol Market is anticipated to expand steadily throughout the course of the forecast period. A competitive and diverse market has resulted from the ecosystem's inclusion of important firms. During the study period, it is anticipated that the global VCI Aerosol Market will be driven by the expansion of digital transformation initiatives across numerous industries. The expanding number of VCI Aerosol Market participants across geographies is anticipated to fuel market expansion. Moreover, during the course of the study, the market is anticipated to be supported by rising investments made by notable vendors in product capabilities and business growth. In growing economies like China and India, where the enormous populations are combined with recent advances in a variety of industries, many market participants are discovering attractive prospects. The oil and gas industry, the pulp and paper business, the automobile industry's technical improvements, and the expanding use in metal processing are all factors boosting the market's growth.
Since pulp and paper sector uses expensive, technologically advanced equipment that is prone to rusting if exposed to pollutants like dioxins for an extended period of time, the sector is continuously using VCI aerosol to protect its machinery from corroding. Two of the major drivers propelling VCI aerosol market expansion are rising machine usage and technical advancements in the automotive and metal processing industries. The oil and gas industry uses VCI aerosol because the deterioration of machinery and equipment is mostly caused by corrosion and oxidation in pipelines, refineries, and generators. VCI aerosol is widely employed in the sector to guarantee efficiency and avoid machine breakdown.
Impact of COVID-19 on the Global VCI Aerosol Market
COVID-19 had a major impact on the growth of the VCI aerosol market. Most manufacturing facilities were shut down as a result of pandemic conditions over the world, which reduced the price of corrosion inhibitors. However, as businesses expand and virus incidences decline, the VCI aerosol market is anticipated to grow during the forecast period.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2032 |
| Base year considered | 2021 |
| Forecast period | 2022-2032 |
| Segments covered | By Type, By Product, By End User
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| Regions covered | Asia-Pacific, Europe, Middle East and Africa, North America, Latin America
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| Companies Covered | Adsil Corporation, Corpac Deutschland GmbH & Co. KG, Cortec Corporation, Daubert Cromwell, Deva Preservation Services Pvt. Ltd., Kpr Adcor Inc., Magna International Pte Ltd., NAMBANG CAN, Northern Technologies International Corporation, Shenyang Rustproof Packaging Material Co. Ltd., The Lubrizol Company, Toyo Aerosol Industry Co. Ltd.
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Global VCI Aerosol Market Segmentation:
1. By Type:
2. By Product:
3. By End User:
- Automotive
- Chemical Processing
- Metal Processing
- Oil and Gas
- Paper & Pulp
- Power Generation
- Water Treatment
- Others
4. By Region:
- Asia-Pacific
- Europe
- Middle East and Africa
- North America
- Latin America
Key Topics Covered in the Report:
- Size of Global VCI Aerosol Market (FY’2019-FY’2032)
- Overview of Global VCI Aerosol Market
- Segmentation of Global VCI Aerosol Market By Type (Oil-based, Water-based)
- Segmentation of Global VCI Aerosol Market By Product (Inorganic, Organic)
- Segmentation of Global VCI Aerosol Market By End User (Automotive, Chemical Processing, Metal Processing, Oil and Gas, Paper & Pulp, Power Generation, Water Treatment, Others)
- Statistical Snap of Global VCI Aerosol Market
- Global VCI Aerosol Market Growth Analysis
- Problems and Challenges in Global VCI Aerosol Market
- Global VCI Aerosol Market Competitive Landscape
- Impact of COVID-19 and Demonetization on Global VCI Aerosol Market
- Details on Recent Investment in Global VCI Aerosol Market
- Competitive Analysis of Global VCI Aerosol Market
- Major Players in the Global VCI Aerosol Market
- SWOT Analysis of Global VCI Aerosol Market
- Global VCI Aerosol Market Future Outlook and Projections (FY’2019-FY’2032)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1 Research data source
2.1.1 Secondary data
2.1.2 Primary data
2.1.3 SPER’s internal database
2.1.4 Premium insight from KOL’s
2.2 Market size estimation
2.2.1 Top-down and Bottom-up approach
2.3 Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1 Drivers
4.1.2 Restraints
4.1.3 Opportunities
4.1.4 Challenges
4.2. COVID-19 Impacts of the Global VCI Aerosol Market
5. Market variables and outlook
5.1. SWOT analysis
5.1.1 Strengths
5.1.2 Weaknesses
5.1.3 Opportunities
5.1.4 Threats
5.2. PESTEL analysis
5.2.1 Political landscape
5.2.2 Economic landscape
5.2.3 Social landscape
5.2.4 Technological landscape
5.2.5 Environmental landscape
5.2.6 Legal landscape
5.3. PORTER’S five forces analysis
5.3.1 Bargaining power of suppliers
5.3.2 Bargaining power of Buyers
5.3.3 Threat of Substitute
5.3.4 Threat of new entrant
5.3.5 Competitive rivalry
5.4. Heat map analysis
6. Competitive Landscape
6.1 Global VCI Aerosol Manufacturing Base Distribution, Sales Area, Product Type
6.2 Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global VCI Aerosol Market
7. Global VCI Aerosol Market, By Type, 2019-2032 (USD Million)
7.1 Oil-based
7.2 Water-based
8. Global VCI Aerosol Market, By Product, 2019-2032 (USD Million)
8.1 Inorganic
8.2 Organic
9. Global VCI Aerosol Market, By End User,2019-2032 (USD Million)
9.1 Automotive
9.2 Chemical Processing
9.3 Metal Processing
9.4 Oil and Gas
9.5 Paper & Pulp
9.6 Power Generation
9.7 Water Treatment
9.8 Others
10. Global VCI Aerosol Market, By Region, 2019-2032 (USD Million)
10.1 Global VCI Aerosol Market and Market Share by Region (2019-2025)
10.2 Global VCI Aerosol Market and Market Share by Region (2026-2032)
10.3 Asia-Pacific
10.3.1 Australia
10.3.2 China
10.3.3 India
10.3.4 Japan
10.3.5 South Korea
10.3.6 Rest of Asia-Pacific
10.4 Europe
10.4.1 France
10.4.2 Germany
10.4.3 Italy
10.4.4 Spain
10.4.5 United Kingdom
10.4.6 Rest of Europe
10.5 Middle East and Africa
10.5.1 Kingdom of Saudi Arabia
10.5.2 United Arab Emirates
10.5.3 Rest of Middle East & Africa
10.6 North America
10.6.1 Canada
10.6.2 Mexico
10.6.3 United States
10.7 Latin America
10.7.1 Argentina
10.7.2 Brazil
10.7.3 Rest of Latin America
11. Company Profiles
11.1 Adsil Corporation
11.1.1 Company details
11.1.2 Financial outlook
11.1.3 Product summary
11.1.4 Recent developments
11.2 Corpac Deutschland GmbH & Co. KG
11.2.1 Company details
11.2.2 Financial outlook
11.2.3 Product summary
11.2.4 Recent developments
11.3 Cortec Corporation
11.3.1 Company details
11.3.2 Financial outlook
11.3.3 Product summary
11.3.4 Recent developments
11.4 Daubert Cromwell
11.4.1 Company details
11.4.2 Financial outlook
11.4.3 Product summary
11.4.4 Recent developments
11.5 Deva Preservation Services Pvt. Ltd.
11.5.1 Company details
11.5.2 Financial outlook
11.5.3 Product summary
11.5.4 Recent developments
11.6 Kpr Adcor Inc.
11.6.1 Company details
11.6.2 Financial outlook
11.6.3 Product summary
11.6.4 Recent developments
11.7 Magna International Pte Ltd.
11.7.1 Company details
11.7.2 Financial outlook
11.7.3 Product summary
11.7.4 Recent developments
11.8 NAMBANG CAN
11.8.1 Company details
11.8.2 Financial outlook
11.8.3 Product summary
11.8.4 Recent developments
11.9 Northern Technologies International Corporation
11.9.1 Company details
11.9.2 Financial outlook
11.9.3 Product summary
11.9.4 Recent developments
11.10 Shenyang Rustproof Packaging Material Co. Ltd.
11.10.1 Company details
11.10.2 Financial outlook
11.10.3 Product summary
11.10.4 Recent developments
11.11 The Lubrizol Company
11.11.1 Company details
11.11.2 Financial outlook
11.11.3 Product summary
11.11.4 Recent developments
11.12 Toyo Aerosol Industry Co. Ltd.
11.12.1 Company details
11.12.2 Financial outlook
11.12.3 Product summary
11.12.4 Recent developments
12. List of Abbreviations
13. Reference Links
14. Conclusion
15. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
