The construction is witnessing rapid growth since the past few years, which can be attributed to urbanization, growth of the corporate sector, and increasing disposable income of people. As the number of people migrating from rural to urban areas is rising, the demand for proper living facilities is growing as well. Moreover, the living standard of people in developing countries has improved considerably due to strong economic growth, owing to which, they are increasing opting for luxurious items and renovating their houses.

It is because of all these factors that the demand for plastics and composites in the construction industry is rising, which, in turn, is resulting in the increasing demand for epoxy. An organic compound made up of chains of carbon that are linked to elements including nitrogen, oxygen, and hydrogen is referred to as epoxy. The compound is used as an adhesive due to its advantageous properties, including resistance and mechanical properties. In addition to this, epoxy adhesives exhibit increased strength, owing to which they are widely being utilized in a number of industries. The global epoxy adhesives market is expected to advance at a considerable pace in the years to come.

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One component and two component are the two major types of epoxy adhesives, between which, the demand for one component is expected to rise substantially in the years to come. This is due to its superior properties, including solvent-free nature, quick curing time and consumer friendly nature. This being said, the demand for two component epoxy adhesives is expected to remain high from the construction and building industries. The major applications of epoxy adhesives are automotive, electrical & electronics, marine, wind energy, building and construction, and transportation. The demand for these products was the highest for building and construction applications in the past.

This can be ascribed to the rising construction of malls, airports, buildings, and railway stations across the globe. The increasing construction activities in Association of Southeast Asian Nations is also resulting in the growing demand for epoxy adhesives. Geographically, the Asia-Pacific region is expected to emerge as the fastest-growing epoxy adhesives market in the coming years, owing to the rising populations and rising requirement for residential buildings. The demand for epoxy adhesives with enhanced properties, including prolonged heat resistance, electric insulation, and chemical resistance, is high in the region due to the increasing building and construction activities.

In conclusion, the demand for epoxy adhesives is growing due to their superior properties, increasing construction activities, and higher living standard of people across the globe.