On the basis of region, the market is segmented into North America, South America, Europe, Asia Pacific, and Middle East & Africa. Among regions, Asia Pacific region is projected to witness significant growth due to increasing construction activities in the region. There are numerous new constructions along with remodeling activities in the region, which is expected to drive demand for non-convertible binders over the forecast period. The North America region is also expected to hold a significant position in the market, owing to the presence of several well-established paint and coating, and adhesives industries in the region.
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