ECO 110 wind turbines manufactured by Alstom are seen in the Landes de Couesme wind farm near La Gacilly, western France, April 26, 2014.
ECO 110 wind turbines manufactured by Alstom are seen in the Landes de Couesme wind farm near La Gacilly, western France, April 26, 2014. U.S. industrial conglomerate General Electric Co is in advanced talks to buy the global power division of struggling French engineering group Alstom for about $13 billion, sources familiar with the matter said on Friday. A deal to sell Alstom's power assets, which account for about 70 percent of total group revenue, would effectively break up the engineering group and leave Alstom as a pure transport business, already known for its high-speed TGV trains. Reuters/Stephane Mahe

The global anti-corrosion coatings market will reach US$26.3 million [$34 million] in 2019, according to a report. The growth will apparently occur from 2014 through 2019 due to huge market losses incurred from product deterioration, inevitable expansion of the alternative energy market, and emerging and developed economies’ enhanced efforts in modernising their respective infrastructure segments.

According to a report by American market research firm MarketsandMarkets, the large demand coming from the global power generation, infrastructure and automotive industry will also help the market to sustain its new-found growth.

Anti-corrosion coating is a kind of coating utilised by industries to protect their products from degradation typically caused by moisture, oxidation, salt spray and various chemical-based occurrences harmful to steel, metal and other industrial product materials. Essential in making this specialized type of protective coating are titanium dioxide pigments, which are also used by cosmetic producers in skin care products.

Nonetheless, factors such as fluctuations and vulnerability of raw material costs, strict environmental regulations from global economies, slowdown in marine, oil and gas industries, and global economic situation affecting investments can reduce the speed of this upward trend. The Asia-Pacific region remains the largest entity of the market as emerging economies in the Southeast and Northwest part of the region successfully maintain their respective market positions as leaders of both the supply and demand segment.

The region also have the highest growth rate on account of the increasing demand from outside industries such as oil and gas, power generation, and infrastructure. Europe comes next, while North America remains the third largest market.

However, the latter will experience growth as the former poses for a below average growth between 2014 and 2019. More and more American and European companies will expand in Asian territories to benefit from low-cost structures and labour pay, as well as from the growing market from the flourishing automotive and construction segment.

Since titanium is a key ingredient in producing high-grade, world-class corrosion coating products, rutile and anatase miners will also benefit largely from the growing market. The immensity of demand coming from various regions will give emerging mining companies — especially those that are expected to join the world commerce in the 2014-2019 market expansion timeframe — the opportunity of choosing their potential market and consumers.

White Mountain Titanium Corporation (OTCQB:WMTM), an emerging rutile miner that will make its first global market appearance in 2017, will be a substantial entity in the supply segment. It owns the Cerro Blanco Property, a 17,041-hectare rutile deposit in Santiago, Chile, and one of the largest titanium dioxide properties in the world today.

Titanium dioxide producers, according to Dublin-based market research company Research and Market, will not only be a significant segment for the anti-corrosion market, but also to the entire paints and coatings industry. The mineral, which is considered to be the cheapest and most effectual ingredient in making world-class paint products, will support the industry’s growth in the years to come. The paints and coatings segment is projected to grow at a CAGR of around 5.0 percent at US$181.3 billion from 2015 to 2020.

Contact the writer: a.lu@ibtimes.com.au

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