Peru Construction Materials Market Report and Forecast 2022-2027

Peru Construction Materials Market Report and Forecast 2023-2028

Market Outlook

According to the report by Expert Market Research (EMR), the Peru construction materials market attained a value of USD 228.8 million in 2022. Aided by the rising application of construction materials in residential and commercial construction industries, the market is projected to further grow at a CAGR of 4.3% between 2022 and 2027 to reach a value of USD 282.3 million by 2027.

Construction materials are defined as the specialised materials which are used in construction sites to facilitate the development of a building or structure. These materials can include equipment, tools, instruments, chemical products, and various other construction components which build structures, or make improvements or repairs to existing structurers, while adding strength and durability. Residential and commercial construction sectors in Peru are on the rise which are driving the Peru construction materials market.

The favourable policies of the government of Peru aimed towards encouraging social housing programmes are increasing the demand and deployment of construction materials. Moreover, the rising healthcare expenditure across this country is expected to boost the application of construction materials across healthcare units to improve the facilities and enhance the quality of hospitals and ambulatory surgical centres.

Meanwhile, the flourishing tourism industry across this country is providing impetus to the commercial construction sector so that the demands of domestic and international tourists can be catered to efficiently. In addition, commercial spaces such as restaurants, offices, hotels, and malls are likely witness heightened investments in the forecast period, increasing the demand for construction and construction materials.

The construction materials market in Peru is anticipated to be driven by the growing adoption of social and environmental standards by Peruvian construction companies aimed towards reducing the impact on climate change. These environment saving steps are expected to encourage the demand for recyclable construction materials in the forecast period.

Surge in trading activities with neighbouring countries of Peru, such as Qatar, are increasing the import of construction materials, which are the crucial propelling factors of the Peru construction materials market. Moreover, the thriving industrial sector across this country is further generating the demand for construction materials to build foundations of manufacturing plants. Extreme weather patterns across Peru are leading to a heightened development of dams and refurbishment of the older dams which are escalating the demand for construction materials.

Furthermore, favourable policies of the government aimed towards producing structures with superior waterproofing properties are further providing impetus to the market.

Market Segmentation

The market can be divided on the basis of type and end use.

Market Breakup by Type

• Tiles Adhesives
• Grouts
• Waterproofing
• Concrete Admixture

Market Segmentation by End Use

• Residential
• Commercial
• Industrial
• Medical and Healthcare
• 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 Peru construction materials market companies. Some of the major key players explored in the report by Expert Market Research are as follows:

• Sika AG
• Bostik, Inc
• Saint-Gobain
• W. R. Meadows, Inc.
• MAPEI Corporation
• CEMEX S.A.B. de C.V.
• Others

*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.