South & Central America Construction Chemicals Market Forecast to 2028 – COVID

South & Central America Construction Chemicals Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Product (Concrete Admixtures, Asphalt Additives, Waterproofing Chemicals, Adhesives and Sealants, Flame Retardants, and Others) and Application (Residential, Commercial, Industrial, Institutional, and Infrastructure)

Report Code : BMIRE00027532 | Region : LAMEA | Industry : Chemicals and Materials | Published Date : 21/Nov/2022

The construction chemicals market in South & Central America is expected to grow from US$ 2,221.54 million in 2022 to US$ 2,715.09 million by 2028. It is estimated to grow at a CAGR of 3.4% from 2022 to 2028.

Strong Growth of the Construction Industry in Developing Countries

The construction chemicals help to enhance the workability, performance, functionality, chemical resistance, and durability of the construction materials. The rapidly urbanizing population is driving the demand in the construction sector in the country. In addition, the growth in population and increase in government spending on infrastructure are major drivers for the construction market in Indonesia. Further, in Brazil, the construction sector is a key contributor to gross domestic product (GDP) growth. The construction market in Brazil offers key opportunities for the foreign multinational companies expanding into Latin America. Hence, the strong growth of the construction industry in these developing countries is mainly driving the construction chemicals market growth.

Market Overview

Argentina, Brazil, and rest of South & Central America are the key contributors to the construction chemicals market in the South & Central America. Despite the surge in COVID-19 cases, South and Central America's construction sector seems to benefit from a faster-than-expected recovery in the region's economy. The rising household income levels and the rising number of people migrating from rural to urban areas are likely to propel the demand for the residential construction sector in the country. The augmented focus on reasonable housing by both the public and the private sector may propel development in the residential construction sector, thereby boosting the usage of construction chemicals in construction applications. Furthermore, South and Central America's market growth can be qualified to expand production capacity by the leading construction companies in the region. For instance, Sika launched its new plant in Santa Cruz de la Sierra, Bolivia. With this, the company aims to increase its production capacity for mortar and concrete admixtures and strengthen double its position in the Bolivian construction market. The new production facility would also help double the usable spaces, replace the existing plants, and boost the sustainability and efficiency of production. Such expansion activities are driving the South and Central American construction chemicals market growth. It is considered that with the rising presence of global and local market players, along with growing research and development activities, the construction chemicals market is expected to find immense opportunities during the forecast period.

South & Central America Construction Chemicals Market Segmentation

The South & Central America construction chemicals market is segmented into product, application, and country.

Based on product, the market is segmented into concrete admixtures, asphalt additives, waterproofing chemicals, adhesives and sealants, flame retardants, and others. The concrete admixtures segment registered the largest market share in 2022.

Based on application, the market is segmented into residential, commercial, industrial, institutional, and infrastructure. The residential segment held a larger market share in 2022.

Based on country, the market is segmented into Argentina, Brazil, and rest of South & Central America. Brazil dominated the market share in 2022.

Ashland Global Holdings Inc; BASF SE; MAPEI S.p.A; Sika AG; Compagnie de Saint-Gobain S.A.; Pidilite Industries Limited; RPM International Inc; and Dow Chemicals Company are the leading companies operating in the construction chemicals market in the South & Central America region.

At 3.4% CAGR, the South & Central America Construction Chemicals Market is speculated to be worth US$ 2,715.09 million by 2028, says The Insight Partners

According to the Insight Partners’ research, the South & Central America construction chemicals market was valued at US$ 2,221.54 million in 2022 and is expected to reach US$ 2,715.09 million by 2028, registering an annual growth rate of 3.4% from 2022 to 2028. Growing demand for green buildings and strong growth of the construction industry in developing countries are the critical factors attributed to the market expansion.

The construction chemicals help to improve the overall quality and durability of the buildings. These chemicals increase the overall life of the construction work and provides protection against environmental hazards. The environmental benefits of construction chemicals are far greater. The construction chemicals add more strength to the buildings and also helps bring down the volume of water and cement used in the construction process at an exceptional rate. In recent years, there is a growing demand for green buildings. According to experts in environmental studies, near about 40% of the greenhouse gases and wastes come from the construction industry. The construction industry is a resource-intensive industry and constructing a building consumes a lot of natural resources. Hence, there has been an increase in demand for buildings that add aesthetic value to the location as well as the building are examples of sustainable development. Green buildings cause a negligible impact on the natural environment of the project site. As a result, there is a growing demand for green buildings. With this, the adoption of the construction chemicals in the construction industry is growing. The factors such as the growing awareness of the environmental effects of conventional buildings and changes in government policies across the region are leading to the large-scale adoption of construction chemicals for buildings. Major players operating in the construction industry are also paying high attention on Leadership in Energy and Environmental Design (LEED) ratings, green points, and sustainable buildings. Hence, the trend of a growing demand for green buildings is expected to fuel the SAM construction chemicals market growth during the forecast period.

On the contrary, fluctuating cost of raw materials and energy hurdles the growth of South & Central America construction chemicals market.

Based on product, the South & Central America construction chemicals market is segmented into concrete admixtures, asphalt additives, waterproofing chemicals, adhesives and sealants, flame retardants, and others. The concrete admixtures segment held 32.6%market share in 2022, amassing US$ 724.83 million. It is projected to garner US$ 926.13 million by 2028 to expand at 4.2% CAGR during 2022–2028.

Based on application, the South & Central America construction chemicals market is segmented into residential, commercial, industrial, institutional, and infrastructure. The residential segment held 30.7% market share in 2022, amassing US$ 681.90 million. It is projected to garner US$ 873.16 million by 2028 to expand at 4.2% CAGR during 2022–2028.

Based on country, the South & Central America construction chemicals market has been categorized into Argentina, Brazil, and rest of South and Central America. Our regional analysis states that Brazil captured 48.2% market share in 2022. It was assessed at US$ 1,070.34 million in 2022 and is likely to hit US$ 1,360.80 million by 2028, exhibiting a CAGR of 4.1% during the forecast period.

Key players profiles in the South & Central America construction chemicals market report are Ashland Global Holdings Inc; BASF SE; MAPEI S.p.A; Sika AG; Compagnie de Saint-Gobain S.A.; Pidilite Industries Limited; RPM International Inc; and Dow Chemicals Company, among others.

TABLE OF CONTENTS

1. Introduction

1.1 Study Scope

1.2 The Insight Partners Research Report Guidance

1.3 Market Segmentation

1.3.1 SAM Construction Chemicals Market, by Product

1.3.2 SAM Construction Chemicals Market, by Application

2. Key Takeaways

3. Research Methodology

3.1 Scope of the Study

3.2 Research Methodology

3.2.1 Data Collection:

3.2.2 Primary Interviews:

3.2.3 Hypothesis formulation:

3.2.4 Macro-economic factor analysis:

3.2.5 Developing base number:

3.2.6 Data Triangulation:

3.2.7 Country level data:

4. SAM Construction Chemicals Market Landscape

4.1 Market Overview

4.2 Porter’s Five Forces Analysis

4.3 Ecosystem Analysis

4.4 Expert Opinion

5. SAM Construction Chemicals Market – Key Market Dynamics

5.1 Market Drivers

5.1.1 Strong Growth of the Construction Industry

5.1.2 Government Support for the Development of Residential Construction Sector

5.2 Market Restraints

5.2.1 Fluctuating Cost of Raw Materials and Energy

5.3 Market Opportunities

5.3.1 Development and Adoption of Innovative Products such as Ready-Mix Concrete

5.4 Future Trends

5.4.1 Growing Demand for Green Buildings

5.5 Impact Analysis of Drivers and Restraints

6. Construction Chemicals – SAM Market Analysis

6.1 SAM Construction Chemicals Market –Revenue and Forecast to 2028 (USD Million)

7. SAM Construction Chemicals Market Analysis – By Product

7.1 Overview

7.2 SAM Construction Chemicals Market, By Product (2021 and 2028)

7.3 Concrete Admixtures

7.3.1 Overview

7.3.2 Concrete Admixtures: Construction Chemicals Market – Revenue and Forecast to 2028 (US$ Million)

7.4 Asphalt Additives

7.4.1 Overview

7.4.2 Asphalt Additives: Construction Chemicals Market – Revenue and Forecast to 2028 (US$ Million)

7.5 Waterproofing Chemicals

7.5.1 Overview

7.5.2 Waterproofing Chemicals: Construction Chemicals Market – Revenue and Forecast to 2028 (US$ Million)

7.6 Adhesives and Sealants

7.6.1 Overview

7.6.2 Adhesives and Sealants: Construction Chemicals Market– Revenue and Forecast to 2028 (US$ Million)

7.7 Flame Retardants

7.7.1 Overview

7.7.2 Flame Retardants: Construction Chemicals Market– Revenue and Forecast to 2028 (US$ Million)

7.8 Others

7.8.1 Overview

7.8.2 Others: Construction Chemicals Market– Revenue and Forecast to 2028 (US$ Million)

8. SAM Construction Chemicals Market Analysis – By Application

8.1 Overview

8.2 SAM Construction Chemicals Market, By Application (2021 and 2028)

8.3 Residential

8.3.1 Overview

8.3.2 Residential: Construction Chemicals Market – Revenue and Forecast to 2028 (US$ Million)

8.4 Commercial

8.4.1 Overview

8.4.2 Commercial: Construction Chemicals Market – Revenue and Forecast to 2028 (US$ Million)

8.5 Industrial

8.5.1 Overview

8.5.2 Industrial: Construction Chemicals Market – Revenue and Forecast to 2028 (US$ Million)

8.6 Institutional

8.6.1 Overview

8.6.2 Institutional: Construction Chemicals Market – Revenue and Forecast to 2028 (US$ Million)

8.7 Infrastructure

8.7.1 Overview

8.7.2 Infrastructure: Construction Chemicals Market – Revenue and Forecast to 2028 (US$ Million)

9. SAM Construction Chemicals Market – Country Analysis

9.1 Overview

9.1.1 South and Central America: Construction Chemicals Market, by Key Country

9.1.1.1 Argentina: Construction Chemicals Market – Revenue and Forecast to 2028 (US$ Million)

9.1.1.1.1 Argentina: Construction Chemicals Market, By Product

9.1.1.1.2 Argentina: Construction Chemicals Market, by Application

9.1.1.2 Brazil: Construction Chemicals Market – Revenue and Forecast to 2028 (US$ Million)

9.1.1.2.1 Brazil: Construction Chemicals Market, By Product

9.1.1.2.2 Brazil: Construction Chemicals Market, by Application

9.1.1.3 Rest of South and Central America: Construction Chemicals Market – Revenue and Forecast to 2028 (US$ Million)

9.1.1.3.1 Rest of South and Central America: Construction Chemicals Market, By Product

9.1.1.3.2 Rest of South and Central America: Construction Chemicals Market, by Application

10. Company Profiles

10.1 Ashland Global Holdings Inc.

10.1.1 Key Facts

10.1.2 Business Description

10.1.3 Products and Services

10.1.4 Financial Overview

10.1.5 SWOT Analysis

10.1.6 Key Developments

10.2 BASF SE

10.2.1 Key Facts

10.2.2 Business Description

10.2.3 Products and Services

10.2.4 Financial Overview

10.2.5 SWOT Analysis

10.2.6 Key Developments

10.3 MAPEI S.p.A.

10.3.1 Key Facts

10.3.2 Business Description

10.3.3 Products and Services

10.3.4 Financial Overview

10.3.5 SWOT Analysis

10.3.6 Key Developments

10.4 Sika AG

10.4.1 Key Facts

10.4.2 Business Description

10.4.3 Products and Services

10.4.4 Financial Overview

10.4.5 SWOT Analysis

10.4.6 Key Developments

10.5 Compagnie de Saint-Gobain S.A.

10.5.1 Key Facts

10.5.2 Business Description

10.5.3 Products and Services

10.5.4 Financial Overview

10.5.5 SWOT Analysis

10.5.6 Key Developments

10.6 Pidilite Industries Limited

10.6.1 Key Facts

10.6.2 Business Description

10.6.3 Products and Services

10.6.4 Financial Overview

10.6.5 SWOT Analysis

10.6.6 Key Developments

10.7 RPM International Inc.

10.7.1 Key Facts

10.7.2 Business Description

10.7.3 Products and Services

10.7.4 Financial Overview

10.7.5 SWOT Analysis

10.7.6 Key Developments

10.8 Dow Chemicals Company

10.8.1 Key Facts

10.8.2 Business Description

10.8.3 Products and Services

10.8.4 Financial Overview

10.8.5 SWOT Analysis

10.8.6 Key Developments

11. Appendix

11.1 About The Insight Partners

11.2 Word Index

LIST OF TABLES.

Table 1. SAM Construction Chemicals Market –Revenue and Forecast to 2028 (USD Million)

Table 2. Argentina Construction Chemicals Market, By Product – Revenue and Forecast to 2028 (US$ Million)

Table 3. Argentina Construction Chemicals Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 4. Brazil Construction Chemicals Market, By Product – Revenue and Forecast to 2028 (US$ Million)

Table 5. Brazil Construction Chemicals Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 6. Rest of South and Central America Construction Chemicals Market, By Product – Revenue and Forecast to 2028 (US$ Million)

Table 7. Rest of South and Central America Construction Chemicals Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 8. List of Abbreviation

LIST OF FIGURES.

Figure 1. SAM Construction Chemicals Market Segmentation

Figure 2. SAM Construction Chemicals Market Segmentation – By Country

Figure 3. SAM Construction Chemicals Market Overview

Figure 4. SAM Construction Chemicals Market, By Product

Figure 5. SAM Construction Chemicals Market, By Country

Figure 6. SAM Porter’s Five Forces Analysis

Figure 7. SAM Ecosystem: Construction Chemicals Market

Figure 8. Expert Opinion

Figure 9. SAM Construction Chemicals Market Impact Analysis of Driver and Restraints

Figure 10. SAM Construction Chemicals Market – Revenue and Forecast to 2028 (USD Million)

Figure 11. SAM Construction Chemicals Market Revenue Share, By Product (2021 and 2028)

Figure 12. SAM Concrete Admixtures: Construction Chemicals Market – Revenue and Forecast To 2028 (US$ Million)

Figure 13. SAM Asphalt Additives: Construction Chemicals Market – Revenue and Forecast To 2028 (US$ Million)

Figure 14. SAM Waterproofing Chemicals: Construction Chemicals Market – Revenue and Forecast To 2028 (US$ Million)

Figure 15. SAM Adhesives and Sealants: Construction Chemicals Market– Revenue and Forecast To 2028 (US$ Million)

Figure 16. SAM Flame Retardants: Construction Chemicals Market– Revenue and Forecast To 2028 (US$ Million)

Figure 17. SAM Others: Construction Chemicals Market– Revenue and Forecast To 2028 (US$ Million)

Figure 18. SAM Construction Chemicals Market Revenue Share, By Category (2021 and 2028)

Figure 19. SAM Residential: Construction Chemicals Market – Revenue and Forecast To 2028 (US$ Million)

Figure 20. SAM Commercial: Construction Chemicals Market – Revenue and Forecast To 2028 (US$ Million)

Figure 21. SAM Industrial: Construction Chemicals Market – Revenue and Forecast To 2028 (US$ Million)

Figure 22. SAM Institutional: Construction Chemicals Market – Revenue and Forecast To 2028 (US$ Million)

Figure 23. SAM Infrastructure: Construction Chemicals Market – Revenue and Forecast To 2028 (US$ Million)

Figure 24. South and Central America: Construction Chemicals Market, by Key Country- Revenue (2021) (US$ Million)

Figure 25. South and Central America: Construction Chemicals Market Revenue Share, by Key Country (2021 and 2028)

Figure 26. Argentina: Construction Chemicals Market – Revenue and Forecast to 2028 (US$ Million)

Figure 27. Brazil: Construction Chemicals Market – Revenue and Forecast to 2028 (US$ Million)

Figure 28. Rest of South and Central America: Construction Chemicals Market – Revenue and Forecast to 2028 (US$ Million)

The List of Companies - SAM Construction Chemicals Market

● Ashland Global Holdings Inc.

● BASF SE

● MAPEI S.p.A.

● Sika AG

● Compagnie de Saint – Gobain S.A.

● Pidilite Industries Limited

● RPM International Inc.

● Dow Chemicals Company

● Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the South & Central America construction chemicals market.

● Highlights key business priorities in order to assist companies to realign their business strategies

● The key findings and recommendations highlight crucial progressive industry trends in the South & Central America construction chemicals market, thereby allowing players across the value chain to develop effective long-term strategies

● Develop/modify business expansion plans by using substantial growth offering developed and emerging markets

● Scrutinize in-depth South & Central America market trends and outlook coupled with the factors driving the construction chemicals market, as well as those hindering it

● Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution

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