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South America Construction Chemicals Market Size

The South America construction chemicals market is projected to experience significant growth, driven by increasing demand in the residential, commercial, and infrastructure sectors. Brazil and Argentina are expected to lead this expansion, with their residential sectors playing a crucial role in boosting market size. National housing initiatives in these countries are anticipated to further stimulate demand, particularly in the residential sector. While Brazil holds the largest share of construction chemical consumption due to its robust residential sector, Argentina follows closely. The market's growth trajectory is influenced by the rising construction activities and the expanding need for chemical solutions across various sectors in the region.

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Market Size of south america construction chemicals Industry

South America Construction Chemicals Market Summary
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svg icon Study Period 2018 - 2030
svg icon Market Size (2024) USD 4.68 Billion
svg icon Market Size (2030) USD 6.53 Billion
svg icon Largest Share by End Use Sector Residential
svg icon CAGR (2024 - 2030) 5.73 %
svg icon Largest Share by Country Brazil
svg icon Market Concentration Low

Major Players
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*Disclaimer: Major Players sorted in no particular order

Key Players

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South America Construction Chemicals Market Analysis

The South America Construction Chemicals Market size is estimated at 4.68 billion USD in 2024, and is expected to reach 6.53 billion USD by 2030, growing at a CAGR of 5.73% during the forecast period (2024-2030).

4.68 Billion

Market Size in 2024 (USD)

6.53 Billion

Market Size in 2030 (USD)

7.22 %

CAGR (2018-2023)

5.73 %

CAGR (2024-2030)

Largest Market by Product

27.61 %

value share, Concrete Admixtures, 2023

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Strict government regulations on water consumption, specifically for residential and industrial construction, have supported the demand for concrete admixtures such as water reducers, retarders, etc., across the region.

Largest Market by End Use Sector

35.03 %

value share, Residential, 2023

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The segment has dominated the market due to the growing residential construction projects in the country and the increasing usage of construction chemicals.

Largest Market by Country

66.15 %

value share, Brazil, 2023

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With the increasing demand for construction chemicals in the industrial and commercial construction sectors coupled with urban infrastructure developments, the country has dominated the market.

Fastest Market by Country

6.11 %

Projected CAGR, Brazil, 2024-2030

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Owing to the largest infrastructure spending in the region, coupled with the growing consumption of construction chemicals in residential construction, Brazil is expected to register the fastest growth in the region.

Leading Company

9.42 %

market share, Sika AG, 2022

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The company's broad range of high-quality products, well-established network in the region, robust supply chain, and strategic expansions and acquisitions in the construction industry make it a major player in the market.

Procrear 2023 and Minha Casa, Minha Vida housing schemes' influence over South America's construction chemicals demand

  • The demand for construction chemicals in South America witnessed a 5.89% increase in 2022, primarily attributed to a surge in construction activities. Notably, Brazil saw a 4.1% rise in new residential floor areas in 2022 compared to the preceding year. With the commercial and infrastructure sectors leading the way, the construction chemicals market in South America was projected to grow by 5.55% in 2023, in terms of value, when compared to 2022.
  • Argentina and Brazil dominate the consumption of construction chemicals in South America. Notably, the residential sector in both countries commands the highest demand, accounting for 30% and 43% of the total demand, respectively, across all end-user sectors in 2022.
  • Across most South American countries, the Industrial and Institutional sectors are the primary consumers of construction chemicals. However, in Brazil, the residential sector takes the second spot, making it the region's second-largest end-user sector. Excluding Brazil and Argentina, the Industrial and Institutional sector held a 45% share of the overall demand in 2022 across the other countries in the region.
  • Projections indicate that Brazil and Argentina will witness the swiftest surge in construction chemical demand, primarily driven by their residential sectors. National housing initiatives, such as Argentina's Procrear 2023 and Brazil's Minha Casa, Minha Vida, are set to spur the construction of new homes and the renovation of existing ones. Consequently, the residential sector is poised to witness the fastest growth in demand, with a projected CAGR of 6.36% during the forecast period (2023-2030).
South America Construction Chemicals Market

The growing dominance of Brazil in South American construction chemicals market

  • In 2022, the residential sector emerged as the leading consumer of construction chemicals in South America, accounting for approximately 35% of the total demand across all sectors. Brazil, with its sizable residential sector, spearheaded this demand. Looking ahead to 2023, the commercial and infrastructure sectors are poised to witness the most significant surge in demand in the region.
  • Brazil, as the region's largest economy and most populous nation, naturally takes the lead in construction output. Consequently, it also boasts the highest consumption of construction chemicals. Notably, Brazil's residential sector commands the lion's share, representing about 43% of the nation's total consumption in 2022.
  • Following Brazil, Argentina stands out as the second-largest consumer of construction chemicals. Argentina alone accounted for a massive demand worth USD 378.5 million in 2022. This demand is primarily driven by the country's residential and industrial/institutional sectors, which accounted for over USD 223.3 million in 2022.
  • With Brazil's residential and industrial/institutional sectors projected to witness a significant increase in new floor areas by 2030 (37% and 30%, respectively, compared to 2022), the demand for construction chemicals is expected to surge. As a result, Brazil is anticipated to lead the expansion of the construction chemicals market in South America, with a forecasted CAGR of 6.11% from 2023 to 2030.

South America Construction Chemicals Industry Segmentation

Commercial, Industrial and Institutional, Infrastructure, Residential are covered as segments by End Use Sector. Adhesives, Anchors and Grouts, Concrete Admixtures, Concrete Protective Coatings, Flooring Resins, Repair and Rehabilitation Chemicals, Sealants, Surface Treatment Chemicals, Waterproofing Solutions are covered as segments by Product. Argentina, Brazil are covered as segments by Country.

  • The demand for construction chemicals in South America witnessed a 5.89% increase in 2022, primarily attributed to a surge in construction activities. Notably, Brazil saw a 4.1% rise in new residential floor areas in 2022 compared to the preceding year. With the commercial and infrastructure sectors leading the way, the construction chemicals market in South America was projected to grow by 5.55% in 2023, in terms of value, when compared to 2022.
  • Argentina and Brazil dominate the consumption of construction chemicals in South America. Notably, the residential sector in both countries commands the highest demand, accounting for 30% and 43% of the total demand, respectively, across all end-user sectors in 2022.
  • Across most South American countries, the Industrial and Institutional sectors are the primary consumers of construction chemicals. However, in Brazil, the residential sector takes the second spot, making it the region's second-largest end-user sector. Excluding Brazil and Argentina, the Industrial and Institutional sector held a 45% share of the overall demand in 2022 across the other countries in the region.
  • Projections indicate that Brazil and Argentina will witness the swiftest surge in construction chemical demand, primarily driven by their residential sectors. National housing initiatives, such as Argentina's Procrear 2023 and Brazil's Minha Casa, Minha Vida, are set to spur the construction of new homes and the renovation of existing ones. Consequently, the residential sector is poised to witness the fastest growth in demand, with a projected CAGR of 6.36% during the forecast period (2023-2030).
End Use Sector
Commercial
Industrial and Institutional
Infrastructure
Residential
Product
Adhesives
By Sub Product
Hot Melt
Reactive
Solvent-borne
Water-borne
Anchors and Grouts
By Sub Product
Cementitious Fixing
Resin Fixing
Other Types
Concrete Admixtures
By Sub Product
Accelerator
Air Entraining Admixture
High Range Water Reducer (Super Plasticizer)
Retarder
Shrinkage Reducing Admixture
Viscosity Modifier
Water Reducer (Plasticizer)
Other Types
Concrete Protective Coatings
By Sub Product
Acrylic
Alkyd
Epoxy
Polyurethane
Other Resin Types
Flooring Resins
By Sub Product
Acrylic
Epoxy
Polyaspartic
Polyurethane
Other Resin Types
Repair and Rehabilitation Chemicals
By Sub Product
Fiber Wrapping Systems
Injection Grouting Materials
Micro-concrete Mortars
Modified Mortars
Rebar Protectors
Sealants
By Sub Product
Acrylic
Epoxy
Polyurethane
Silicone
Other Resin Types
Surface Treatment Chemicals
By Sub Product
Curing Compounds
Mold Release Agents
Other Product Types
Waterproofing Solutions
By Sub Product
Chemicals
Membranes
Country
Argentina
Brazil
Rest of South America
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South America Construction Chemicals Market Size Summary

The South America construction chemicals market is experiencing a dynamic phase of growth, driven by increased construction activities across the region. Brazil and Argentina are the leading consumers, with their residential sectors significantly contributing to the demand. The market is characterized by a robust expansion in the residential, commercial, and infrastructure sectors, with Brazil taking the lead due to its large-scale construction projects and economic stature. The demand for construction chemicals is further bolstered by national housing initiatives and foreign direct investments, which are expected to enhance the construction landscape in the coming years. The market is fragmented, with major players like Arkema, MBCC Group, RPM International Inc., Saint-Gobain, and Sika AG playing pivotal roles in shaping the industry's trajectory.

The market's growth is underpinned by strategic acquisitions and product innovations aimed at enhancing construction efficiency and sustainability. The residential sector, in particular, is poised for significant growth, supported by government programs and economic factors such as urbanization and rising incomes. The commercial sector is also set to witness a rebound, with new projects and investments in office buildings, shopping centers, and logistic parks. Despite challenges in certain areas, the overall outlook for the South America construction chemicals market remains positive, with a steady increase in demand anticipated over the forecast period.

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South America Construction Chemicals Market Size - Table of Contents

  1. 1. MARKET SEGMENTATION (includes market size, forecasts up to 2030 and analysis of growth prospects.)

    1. 1.1 End Use Sector

      1. 1.1.1 Commercial

      2. 1.1.2 Industrial and Institutional

      3. 1.1.3 Infrastructure

      4. 1.1.4 Residential

    2. 1.2 Product

      1. 1.2.1 Adhesives

        1. 1.2.1.1 By Sub Product

          1. 1.2.1.1.1 Hot Melt

          2. 1.2.1.1.2 Reactive

          3. 1.2.1.1.3 Solvent-borne

          4. 1.2.1.1.4 Water-borne

      2. 1.2.2 Anchors and Grouts

        1. 1.2.2.1 By Sub Product

          1. 1.2.2.1.1 Cementitious Fixing

          2. 1.2.2.1.2 Resin Fixing

          3. 1.2.2.1.3 Other Types

      3. 1.2.3 Concrete Admixtures

        1. 1.2.3.1 By Sub Product

          1. 1.2.3.1.1 Accelerator

          2. 1.2.3.1.2 Air Entraining Admixture

          3. 1.2.3.1.3 High Range Water Reducer (Super Plasticizer)

          4. 1.2.3.1.4 Retarder

          5. 1.2.3.1.5 Shrinkage Reducing Admixture

          6. 1.2.3.1.6 Viscosity Modifier

          7. 1.2.3.1.7 Water Reducer (Plasticizer)

          8. 1.2.3.1.8 Other Types

      4. 1.2.4 Concrete Protective Coatings

        1. 1.2.4.1 By Sub Product

          1. 1.2.4.1.1 Acrylic

          2. 1.2.4.1.2 Alkyd

          3. 1.2.4.1.3 Epoxy

          4. 1.2.4.1.4 Polyurethane

          5. 1.2.4.1.5 Other Resin Types

      5. 1.2.5 Flooring Resins

        1. 1.2.5.1 By Sub Product

          1. 1.2.5.1.1 Acrylic

          2. 1.2.5.1.2 Epoxy

          3. 1.2.5.1.3 Polyaspartic

          4. 1.2.5.1.4 Polyurethane

          5. 1.2.5.1.5 Other Resin Types

      6. 1.2.6 Repair and Rehabilitation Chemicals

        1. 1.2.6.1 By Sub Product

          1. 1.2.6.1.1 Fiber Wrapping Systems

          2. 1.2.6.1.2 Injection Grouting Materials

          3. 1.2.6.1.3 Micro-concrete Mortars

          4. 1.2.6.1.4 Modified Mortars

          5. 1.2.6.1.5 Rebar Protectors

      7. 1.2.7 Sealants

        1. 1.2.7.1 By Sub Product

          1. 1.2.7.1.1 Acrylic

          2. 1.2.7.1.2 Epoxy

          3. 1.2.7.1.3 Polyurethane

          4. 1.2.7.1.4 Silicone

          5. 1.2.7.1.5 Other Resin Types

      8. 1.2.8 Surface Treatment Chemicals

        1. 1.2.8.1 By Sub Product

          1. 1.2.8.1.1 Curing Compounds

          2. 1.2.8.1.2 Mold Release Agents

          3. 1.2.8.1.3 Other Product Types

      9. 1.2.9 Waterproofing Solutions

        1. 1.2.9.1 By Sub Product

          1. 1.2.9.1.1 Chemicals

          2. 1.2.9.1.2 Membranes

    3. 1.3 Country

      1. 1.3.1 Argentina

      2. 1.3.2 Brazil

      3. 1.3.3 Rest of South America

South America Construction Chemicals Market Size FAQs

The South America Construction Chemicals Market size is expected to reach USD 4.68 billion in 2024 and grow at a CAGR of 5.73% to reach USD 6.53 billion by 2030.

In 2024, the South America Construction Chemicals Market size is expected to reach USD 4.68 billion.

South America Construction Chemicals Market Report Snapshots

South America Construction Chemicals Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2030