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

The Construction Chemicals Market in Latin America report is segmented by product type (concrete admixture and cement grinding aids, surface treatment, repair and rehabilitation, protective coatings, industrial flooring, waterproofing, adhesive and sealants, and grout and anchor), end-user sector (commercial, industrial, infrastructure, and residential), and geography (Brazil, Argentina, Colombia, Chile, Mexico, and Rest of Latin America). The report offers market size and forecasts in terms of revenue (USD) for all the above segments.

Latin America Construction Chemicals Market Size

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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

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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 Market Trends

Residential Segment is Anticipated to Hold a Significant Market Share

  • Construction chemicals are compounds or substances added to concrete and mortar to make them more compatible with building constructions. These improve qualities, including durability, surface finish, compressive strength, and resilience to harsh operating and environmental conditions. These chemicals also use less water and cement during the construction process.
  • Brazil, Argentina, and Mexico are the largest residential construction markets in the Latin American region. In Brazil, the announcement of new residential construction projects is expected to drive the demand for construction chemicals. The new Brazilian government restarted the 'Minha Casa, Minha Vida' program to construct 37.5 thousand residences in 2023.
  • Argentina faces a large structural housing deficit. The Department of Urban Development and Housing states that 25% of Argentine families need improved housing. The increasing demand for housing has resulted in a lack of supply.
  • Argentina is increasing its focus on residential development within the country. The government aims to support the growth of urbanization by creating new residential buildings. In February 2023, the World Bank approved a loan of USD 150 million to Argentina to support urban growth to enable inclusive housing access. Thus, an increase in residential construction is likely to drive the growth of the market for construction chemicals in the region.
  • In Mexico, the construction industry value added to GDP registered at USD 454.38 billion in 2022, compared to USD 392.47 billion in 2021. Thus, growth in the construction market is expected to drive residential construction in the country.
  • Mexico is nearly having a shortage of around 800,000 housing units, and it is expecting an investment of almost 4% of its gross domestic product annually to cater to the demand, which is likely to impact the construction chemical market in the country.
  • All the factors mentioned above, in turn, are expected to drive growth in the coming years.
Latin America Construction Chemicals Market: Construction Industry Value Added to GDP, in USD Billion, Mexico, 2017-2022

Brazil to Dominate the Market

  • Brazil is the largest market for construction chemicals in Latin America and is expected to grow during the forecast period. In 2022, the construction industry value added to GDP increased to 20.7% in the country compared to 20.2% in the previous year.
  • In 2022, several construction projects were commenced in Brazil, intended to drive the market for construction chemicals in the country. Some of these projects include the USD 80 million Vila Prudente Dream View Sky Resort project, which entails the construction of a dream view sky resort with 420 apartments on 0.60 hectares of land in Vila Prudente, Sao Paulo. Construction began in the second quarter of 2022 and is expected to be completed in the fourth quarter of 2024.
  • Similarly, the Ipiranga Bueno Residential Complex, a USD 25 million project, entails the development of a residential complex in Ipiranga, Sao Paulo. The construction began in Q2 2022 and was expected to be completed by Q3 2023. These projects are expected to drive the growth of the market for construction chemicals in Brazil.
  • Furthermore, the Aracruz Industrial Port Terminal project involves the construction of an industrial port terminal on an area of 35.4 hectares at Barra do Riacho, Aracruz, Espirito Santo, Brazil, with an investment of around USD 223 million. The construction work started in Q2 of 2022 and is likely to be completed by Q2 of 2025.
  • The Brazilian government has been working to increase private investments in roads and railway projects in the pipeline for the upcoming years. For instance, the government was expected to open tenders for 14 highway projects worth USD 14.43 billion in 2022. The biggest of all tenders was scheduled for the BR-381/262 project worth USD 1.26 billion, connecting MinaisGerais and EspiritoSanto. Thus, implementing these construction projects is expected to drive the growth of the market for construction chemicals.
  • Owing to all these factors, the demand for construction chemicals in the region is expected to increase during the forecast period.
Latin America Construction Chemicals Market: Construction Industry, Value in USD Billion, Brazil, 2018-2022

Latin America Construction Chemicals Industry Overview

The Latin America Construction Chemicals Market is fragmented in nature. Some of the major players in the market include Arkema Group, Dow Inc., RPM International Inc., Saint-Gobain, and Sika AG.

Latin America Construction Chemicals Market Leaders

  1. Arkema Group

  2. Dow Inc

  3. RPM International Inc.

  4. Saint-Gobain

  5. Sika AG

*Disclaimer: Major Players sorted in no particular order

Latin America Construction Chemicals Market Concentration
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Latin America Construction Chemicals Market News

  • July 2022: Arkema announced the acquisition of Polimeros Especiales, a leading high-performance waterborne resin manufacturer in Mexico. The acquisition is expected to help Arkema further increase the production capacity of waterborne resins used in various construction applications.
  • May 2022: Sika AG opened a new plant in Santa Cruz de la Sierra, Bolivia, to double its production capacity for mortar and concrete admixtures. The new plant is expected to help Sika AG to position itself for continued growth in the dynamic Bolivian construction market.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Growing Construction Activities in the Region

      2. 4.1.2 Increasing Investments in the Infrastructure Sector

      3. 4.1.3 Other Drivers

    2. 4.2 Restraints

      1. 4.2.1 Increasing Environmental Regulations Regarding VOC Emissions

      2. 4.2.2 Other Restrains

    3. 4.3 Industry Value Chain Analysis

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Buyers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition

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

    1. 5.1 Product Type

      1. 5.1.1 Concrete Admixture and Cement Grinding Aids

      2. 5.1.2 Surface Treatment

      3. 5.1.3 Repair and Rehabilitation

      4. 5.1.4 Protective Coatings

      5. 5.1.5 Industrial Flooring

      6. 5.1.6 Waterproofing

      7. 5.1.7 Adhesives and Sealants

      8. 5.1.8 Grout and Anchor

    2. 5.2 End-user Industry

      1. 5.2.1 Commercial

      2. 5.2.2 Industrial

      3. 5.2.3 Infrastructure

      4. 5.2.4 Residential

    3. 5.3 Geography

      1. 5.3.1 Brazil

      2. 5.3.2 Argentina

      3. 5.3.3 Colombia

      4. 5.3.4 Chile

      5. 5.3.5 Mexico

      6. 5.3.6 Rest of Latin America

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share (%)**/Ranking Analysis

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 3M

      2. 6.4.2 Aquaquim S.A.de C.V

      3. 6.4.3 Arkema Group

      4. 6.4.4 Ashland

      5. 6.4.5 BASF SE

      6. 6.4.6 CEMEX S.A.B. de C.V.

      7. 6.4.7 Clariant International Ltd

      8. 6.4.8 Dow Inc

      9. 6.4.9 Henkel AG & Co. KGaA

      10. 6.4.10 HOLCIM

      11. 6.4.11 LATICRETE International, Inc.

      12. 6.4.12 MAPEI SpA

      13. 6.4.13 RPM International Inc.

      14. 6.4.14 Saint-Gobain

      15. 6.4.15 Sika AG

    5. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

    1. 7.1 Increasing Focus on Sustainable Materials

    2. 7.2 Growing Technological Innovations in the Construction Sector

**Subject to Availability
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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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Frequently Asked Questions

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.

The report covers the Latin America Construction Chemicals Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Latin America Construction Chemicals Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Latin America Construction Chemicals Industry Report

Statistics for the 2024 Latin America Construction Chemicals market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Latin America Construction Chemicals analysis includes a market forecast outlook to for 2024 to (2024to2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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