Latin America Construction Chemicals Market Report and Forecast 2023-2028

Latin America Construction Chemicals Market Report and Forecast 2023-2028

Market Outlook

According to the report by Expert Market Research (EMR), the Latin America construction chemicals market attained a value of USD 5809.8 million in 2022. Aided by the increasing infrastructure investments in the region, the market is expected to further grow at a CAGR of 3.2% between 2023 and 2028 to reach a value of USD 6969.29 million by 2028.

Construction chemicals are substances that are added to construction materials such as concrete, cement, and mortar to enhance their performance and durability. These chemicals include admixtures, sealants, adhesives, protective coatings, and water repellents, among others. Construction chemicals play a crucial role in improving the quality and longevity of various types of infrastructure, including residential, commercial, and industrial projects. The growth of the Latin America construction chemicals market can be attributed to several factors. One significant driver is the increasing infrastructure investments in the region, particularly in countries like Brazil, Argentina, and Colombia, where governments are focused on improving and expanding transportation systems, energy infrastructure, and urban development. This has resulted in heightened demand for construction chemicals to ensure the durability and efficiency of these projects.

Another factor propelling the growth of the Latin America construction chemicals market is the growing adoption of green building practices. As awareness of the environmental impact of traditional construction methods increases, the demand for eco-friendly construction chemicals has grown. These chemicals not only reduce the environmental footprint of construction projects but also improve the energy efficiency of buildings, leading to long-term cost savings. Rapid urbanisation in Latin America is also contributing to the growth of the Latin America construction chemicals market.

Moreover, technological advancements in the construction chemicals industry have led to the development of innovative products that offer enhanced performance, energy efficiency, and durability. These advancements have made it possible to address the specific needs of various construction projects, further fuelling the growth of the Latin America construction chemicals market. In addition to these factors, the rising focus on the quality and safety of construction projects is driving the demand for construction chemicals in Latin America. With governments and regulatory bodies implementing stricter regulations and standards to ensure the quality of infrastructure, the need for construction chemicals that can help meet these requirements has grown.

Market Segmentation

The market can be divided on the basis of type, application, and country.

Market Division by Type:

• Concrete Admixtures
• Flooring Chemicals
• Waterproofing Chemicals
• Repair and Rehabilitation
• Sealants and Adhesives
• Others

Market Breakup by Application:

• Residential
• Non-Residential

Market Segmentation by Country:

• Brazil
• Argentina
• Mexico
• Chile
• Colombia
• Peru
• Others

Competitive Landscape

The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the Latin America construction chemicals companies. Some of the major key players explored in the report by Expert Market Research are as follows:

• Sika AG
• Aquaquim S.A. de C.V.
• Dow Inc.
• Arkema Group
• Clariant International Ltd.
• Others

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*We at Expert Market Research always strive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.