emerging nations like China and India are seen as the lucrative land for automotive industry due to high demand for automobiles . Furthermore the infrastructure needs in the region further fuels the market for these resins . The regions are also the preferred options for Greenfield investment and industrial operations due to various government initiatives . This induces the demand for industrial coating additives in APAC .
It is followed by North America and Europe , where the markets have matured over the period of time and the consumption remains at steady rate . The regions are expected to show steady consumption from the automotive and architecture coating .
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