Market Size of South America Concrete Admixtures Industry
| Study Period | 2018 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2018 - 2022 |
| CAGR | > 5.50 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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South America Concrete Admixtures Market Analysis
The South America Concrete Admixtures Market is estimated to reach over USD 1,770 million by the end of this year. It is forecasted to register a CAGR of over 5.5%, during the forecasted period.
Covid-19 negatively impacted the demand for concrete admixtures. The need for construction products decreased as COVID-19 instances rose. Many businesses involved in producing concrete admixtures encountered difficulties in marketing their product, resulting in staggered growth of the manufacturers. However, since restrictions were removed, the industry has been recovering strongly. Over the past two years, a rise in home sales, the beginning of new projects, and a rise in the demand for new offices and retail space have been driving the market's recovery.
- A major factor driving the market studied is the increasing demand from the residential construction sector. Additionally, rapid urbanization is likely to favor the market's growth.
- On the flip side construction industries have been increasingly concerned about the skills shortage in the industry, and the issue is getting worse as time goes on. This may serve as a hindrance to the growth of the market.
- Growing investment in the construction sector will likely provide new growth opportunities for the market.
- Brazil is expected to dominate the market during the forecast period. This growth is attributed to the bullish demand for construction in the residential, commercial, industrial, and infrastructure sectors.
