A pigment is a colored or colorless insoluble chemical compound. Special effect pigments are defined as natural or synthetic pigments that are categorized by high luster, brilliance, and iridescence. These pigments are based on a mica substrate which is coated with titanium dioxide or iron oxide or both. 1. Micromarkets are the subsegments of the special effect pigments market included in the report. 2. Core competencies of companies are determined in terms of their important developments and key strategies adopted by them to sustain in the market.