Latin America Cement Market Size and Share Outlook - Forecast Trends and Growth Analysis Report (2025-2034)

Latin America Cement Market Growth

In October 2021, cement shipments from Argentina recorded a year-on-year growth of 6%. As per the Portland Cement Manufacturers Association, cement demand recorded a y-o-y growth of 24% during the first 10 months of 2021, and overall shipments increased to 9.9 million.

As per the National Union of the Cement Industry, total cement production in Brazil rose to 54.8 million tons from January to October 2021, thereby recording a year-on-year growth of 7.5%. With the launch of social housing programmes and international tenders for public works development, including the expansion of various metropolitan lines, Brazil is expected to constitute a major portion of the Latin America cement market share.

During January- September 2021, the production of grey cement recorded a year-on-year growth of 22% in Colombia and reached 10,000,000 Mt. Around 9,600,000 Mt of it was shipped to the domestic market, which was a y-o-y growth of 21.6%.

As per the National Statistics Institute, Chile recorded a year-on-year growth of 21.2% in cement production in 2021, totalling 3,214,000 Mt. Over the forecast period, the Latin America cement market development is expected to be driven by increasing investments in the construction sector.

Key Trends and Developments

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If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.

Purchase the Regional Overview for USD 1099

If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.

Latin America Cement Market Trends

The expansion of retail real estate rental offerings in Peru is driven by the growing consumer demand for memorable shopping experiences and rising cost considerations for branded retail companies. In May 2023, Parque Arauco S.A. announced an investment of USD 60 million to construct Parque La Molina, a 16,000 m² shopping centre in Lima (Peru) offering a wide range of gastronomy and entertainment options, including a gym and a cinema. This is creating a favourable Latin America cement market outlook.

The rapid growth of the housing and construction sector in Latin America has necessitated the use of green building materials to ensure sustained market growth. The regional cement industry aims to achieve 100% decarbonisation via concrete optimisation (19%), ensuring clinker factor reduction (23%), and adopting carbon capture, utilisation, and storage practices (42%). As per the Latin America cement market analysis, the recarbonisation of concrete is further expected to account for an 8% reduction in emissions by 2050, thereby leading to market development.

Latin America Cement Industry Segmentation

Latin America Cement Market Share

Based on end use, the market is segmented into residential and non-residential. Over the forecast period of 2025-2034, the demand for cement in the residential sector is expected to grow at a CAGR of 1.5% amid rapid urbanisation and the rising investments in residential and housing developments. The increasing construction of affordable housing, the rising middle-class population, and surging investments in home improvement activities are also boosting the segment’s growth. As per the Latin America cement market analysis, non-residential construction is expected to witness a healthy growth in the forecast period amid the rising construction of industrial structures, commercial buildings, and industrial projects.

Leading Companies in the Latin America Cement Market

Other players included in the Latin America cement market report are GCC, S.A.B. de C.V., Cemex, S.A.B. de C.V, PCR S.A., Grupo Argos, KOLCEM SAS, Unacem Perú S.A, and Cooperativa La Cruz Azul, among others.