PORTLAND, Oregon and PUNE, India, November 17, 2016 /PRNewswire/ -- According to a new report published by Allied Market Research, titled, Pigments Market - by Type (Azo, Phthalocyanine, Quinacridone, Titanium dioxide, Iron Oxide, Cadmium, Carbon Black, Chromium Oxide, Complex Inorganic, Classic organic, Metallic, High Performance, Light Interference) - Global Opportunity Analysis and Industry Forecast, 2014 2022 is expected to reach $26,598 million by 2022 growing at a CAGR of 4.1% during the forecast period, according to new research published by Allied Market Research. The global pigments market was valued at $20,023 million in the year 2015 with major revenue contributor from paints & coatings application segment. Asia-Pacific holds the leading position in the global market in 2015, and is expected to maintain its lead throughout the study period. (Logo: http://photos.prnewswire.com/prnh/20140911/647229 ) Growth of the automotive and construction material industry is expected to fuel the market growth during the forecast period. High adoption of specialty pigments in flexible packaging, increasing demand for customization and personalization of products, the market growth of end user industries and growing awareness regarding sustainable environment drive the world pigments market. Advancements in the nanotechnology and ongoing trend of developing sustainable organic pigments from renewable feedstock are expected to offer major opportunities to the world pigments market. Stringent regulations implemented by government organizations to check the compliance of pigments with proposed standards to minimize environmental issues and prevent volatility in the pricings of raw materials are expected to affect the growth of the world pigments market during the forecast period. Summary of thePigments Market Report can be accessed on the website at:https://www.alliedmarketresearch.com/pigments-market According to Eswara Prasad, Team Lead Chemical Research at AMR, "The rise in construction activities, infrastructural development, automotive, and consumer goods sector has resulted in the increased demand for decorative paints and coatings, which boosts the demand for pigments in the paints & coating industry." Pigments are added in paints & coatings to impart colors, improve their quality, and performance. It controls bleeding of paints, and does not blend into other color layers. They are less susceptible to environmental factors and oxidizing gases, and exhibit UV resistant properties due to their high refractive index. They can withstand high temperature, light, abrasion, moisture, acids, alkalis, and other chemicals.