According to the forecasted data:
- Year 2024: $93.57M
- Year 2025: $94.843M
- Year 2026: $96.091M
- Year 2027: $97.314M
- Year 2028: $98.512M
Year-on-Year Variations:
2024-2025: (94.843-93.57)/93.57 * 100 ≈ 1.36%
2025-2026: (96.091-94.843)/94.843 * 100 ≈ 1.32%
2026-2027: (97.314-96.091)/96.091 * 100 ≈ 1.27%
2027-2028: (98.512-97.314)/97.314 * 100 ≈ 1.23%
Compound Annual Growth Rate (CAGR):
CAGR = (98.512/93.57)^(1/4) - 1 ≈ 1.30%
Future trends to watch include potential fluctuations in exchange rates, global pigment supply chains, and shifts in UK manufacturing and construction sectors. Monitoring these factors will provide better insights and improved forecasts.
