Market Size of Latin America Construction Chemicals Industry
| 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
*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.
