Market Size of South America Repair and Rehabilitation Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | > 4.00 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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South America Repair & Rehabilitation Market Analysis
The repair and rehabilitation market in South America is projected to register a CAGR of over 4% during the forecast period.
The market was negatively impacted by COVID-19 in 2020. Several countries imposed anti-dumping duty on the import of a certain variety of construction chemicals used in the construction industry in order to aid domestic producers. All the construction work and other activities were put on hold to curb the spreading of the virus, thereby negatively affecting the market. However, the market during 2021 and 2022 has grown steadily, owing to increased building and construction activities.
- Over the short term, bullish growth trends in construction in emerging economies, coupled with the increasing demand from the infrastructure sector, are major factors driving the growth of the market studied.
- However, the lack of skilled labour is a key factor anticipated to restrain the growth of the target industry over the forecast period.
- Nevertheless, the increasing development in sustainable building materials is likely to create lucrative growth opportunities for the market.
