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Latin America Construction Chemicals Market Size (2024 - 2029)

The Latin America construction chemicals market is experiencing moderate growth, driven by increasing construction activities and infrastructure investments in the region. Despite the negative impact of the pandemic, the market has shown recovery, with Brazil anticipated to lead in market size due to high demand. However, growth is somewhat constrained by stringent environmental regulations on VOC emissions. On the other hand, advancements in technology and a shift towards sustainable building materials present future opportunities for market expansion.

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Market Size of Latin America Construction Chemicals Industry

Latin America Construction Chemicals Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR 5.05 %
Market Concentration Low

Major Players

Latin America Construction Chemicals Market Major Players

*Disclaimer: Major Players sorted in no particular order

Latin America Construction Chemicals Market Analysis

The construction chemicals market in Latin America is estimated to reach USD 6.43 billion by the end of this year, and it is projected to reach USD 8.22 billion in the next five years, registering a CAGR of 5.05% during the forecast period.

The pandemic has negatively affected the construction chemical market in the region. In 2020, the pandemic halted construction activities in Latin American countries like Brazil, Mexico, Argentina, and other countries, thereby negatively affecting the market. However, the market recovered and is growing moderately due to rising construction activities in the region.

  • The growing construction activities in the region and increasing investments in the infrastructure sector are likely to accelerate the growth of the market during the forecasted period.
  • However, the increasing environmental regulations regarding VOC emissions are expected to restrain the growth of the market.
  • Nevertheless, technological innovations in the construction sector and increasing focus on sustainable and green building materials are creating opportunities for the market in the future.
  • Brazil is expected to dominate the market due to the rising demand for construction chemicals. It is also expected to register the highest CAGR during the forecast period.

Latin America Construction Chemicals Industry Segmentation

Construction chemicals are chemicals that are utilized in the construction process. These chemicals have a wide range of applications in the building industry. These chemicals can be used in ongoing construction projects to speed up the process in new construction endeavors, repair and retrofit existing buildings, or improve the durability and strength of the structures.

The Latin American construction chemicals market is segmented by product type, end-user industry, and geography. The market is segmented by product type into concrete admixture and cement grinding aids, surface treatments, repair and rehabilitation, protective coatings, industrial flooring, waterproofing, adhesives, sealants, grouts, and anchors. The end-user industry segments the market into commercial, industrial, infrastructure, public spaces, and residential. Moreover, the market is segmented into Brazil, Argentina, Colombia, Chile, Mexico, and the Rest of Latin America. The report also covers the market size and forecasts for the construction chemicals market in five countries in the region. The market sizing and forecasts for each segment are provided regarding revenue (USD).

Product Type
Concrete Admixture and Cement Grinding Aids
Surface Treatment
Repair and Rehabilitation
Protective Coatings
Industrial Flooring
Waterproofing
Adhesives and Sealants
Grout and Anchor
End-user Industry
Commercial
Industrial
Infrastructure
Residential
Geography
Brazil
Argentina
Colombia
Chile
Mexico
Rest of Latin America
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Latin America Construction Chemicals Market Size Summary

The Latin America construction chemicals market is experiencing a moderate recovery and growth trajectory following the disruptions caused by the pandemic, which had halted construction activities across key countries such as Brazil, Mexico, and Argentina. The market is driven by increasing construction activities and investments in infrastructure, with Brazil anticipated to lead the market due to its significant demand for construction chemicals. The sector is witnessing a shift towards technological innovations and a focus on sustainable building materials, which are expected to create new opportunities despite the challenges posed by stringent environmental regulations on VOC emissions. The market's growth is further supported by government initiatives and programs aimed at boosting residential construction, particularly in Brazil and Argentina, where there is a pressing need for housing development.

The construction chemicals market in Latin America is characterized by its fragmented nature, with major players like Arkema Group, Dow Inc., RPM International Inc., Saint-Gobain, and Sika AG actively participating in the region. These companies are expanding their production capacities and enhancing their market presence through strategic acquisitions and investments, such as Arkema's acquisition of Polimeros Especiales in Mexico and Sika AG's new plant in Bolivia. The ongoing construction projects in Brazil, including significant residential and industrial developments, are expected to further drive the demand for construction chemicals. As the region continues to address its housing deficits and infrastructure needs, the market is poised for continued growth over the forecast period.

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Latin America Construction Chemicals Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Growing Construction Activities in the Region

      2. 1.1.2 Increasing Investments in the Infrastructure Sector

      3. 1.1.3 Other Drivers

    2. 1.2 Restraints

      1. 1.2.1 Increasing Environmental Regulations Regarding VOC Emissions

      2. 1.2.2 Other Restrains

    3. 1.3 Industry Value Chain Analysis

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Buyers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products and Services

      5. 1.4.5 Degree of Competition

  2. 2. MARKET SEGMENTATION (Market Size in Value)

    1. 2.1 Product Type

      1. 2.1.1 Concrete Admixture and Cement Grinding Aids

      2. 2.1.2 Surface Treatment

      3. 2.1.3 Repair and Rehabilitation

      4. 2.1.4 Protective Coatings

      5. 2.1.5 Industrial Flooring

      6. 2.1.6 Waterproofing

      7. 2.1.7 Adhesives and Sealants

      8. 2.1.8 Grout and Anchor

    2. 2.2 End-user Industry

      1. 2.2.1 Commercial

      2. 2.2.2 Industrial

      3. 2.2.3 Infrastructure

      4. 2.2.4 Residential

    3. 2.3 Geography

      1. 2.3.1 Brazil

      2. 2.3.2 Argentina

      3. 2.3.3 Colombia

      4. 2.3.4 Chile

      5. 2.3.5 Mexico

      6. 2.3.6 Rest of Latin America

Latin America Construction Chemicals Market Size FAQs

The Latin America Construction Chemicals Market is projected to register a CAGR of 5.05% during the forecast period (2024-2029)

Arkema Group, Dow Inc, RPM International Inc., Saint-Gobain and Sika AG are the major companies operating in the Latin America Construction Chemicals Market.

Latin America Construction Chemicals Market Report Snapshots

Latin America Construction Chemicals Market Size & Share Analysis - Growth Trends & Forecasts (2024-2029)