International. According to a recent analysis presented by Transparency Market Research, revenue from the global pigments market would rise $14.7 billion in 2018, growing at a CAGR of 4.5% from 2013 to 2018.
In terms of volume, the demand from this market is expected to reach 4.4 million tons in 2018. Special pigments would have faster growth potential among the global guild, growing at a CAGR of 5.4% during the analysis period.
The paints and coatings industry continues to handle the largest share of this segment globally, accounting for 38.5% of the overall end-user market. This is mainly due to the growth of this industry, along with consumer preference towards optical effect colors in certain sectors such as automotive. This item is expected to grow at a CAGR of 5.1% over the forecast period.
Asia-Pacific has the largest market share with 40.7% of demand in 2011, and is expected to reach a size by 2018 of US$6.4 billion.
