A recently released report from Transparency Market Research (TMR) forecasts that the global pigments market will grow at a CAGR of 4.5% between 2013 and 2018. TMR, a market intelligence firm based in the U.S., states that by 2020, the global pigments market will reach a market value of US$14.7 billion in terms of revenue and 4.4 million tons in volume terms. The report, titled "Pigments Market - Global Industry Analysis, Size, Share, Trends, Growth and Forecast 2012 - 2018", is available for sale on the company website. According to this market research report, rising demand for specialty pigments, the growing market for coatings and paints, and the growth of the construction materials market drive the global market for pigments. Pigments play a vital role in the global colorants market. Prevailing industry trends indicate that the growing demand for paints and coatings from the global construction market will propel the global pigments market during the forecast period. High demand for energy-efficient solutions also drives the global pigments market.