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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Competitive Landscape
Sika AG is a speciality chemical company that is engaged in the development and manufacturing of bonding, sealing, damping, reinforcing, and protecting products, with applications in the construction and automotive sectors. With a workforce of 27,000 employees and subsidiaries in nearly 101 countries, the company’s annual sales reached CHF 9.3 billion in 2021. In addition, Sika provides several innovative construction solutions for meeting the evolving Latin America construction chemical market demand.
Aquaquim S.A. de C.V. is a chemical speciality manufacturer that is based in Mexico. It produces chemical specialities for various end-use sectors such as construction, textile, oil and gas, industrial cleaning, surfactants, animal food additives, and agricultural adjuvants, among others. With plants in Irapuato and Coatzacoalcos in Mexico, the company has a batch process capacity of 3 to 30 tonnes per batch.
Dow Inc. is among the leading material science companies that offers a range of products for different applications such as packaging, infrastructure, and mobility. The company operates 104 manufacturing sites in over 30 countries and employs about 35,700 people.
Arkema Group is one of the leading speciality chemical companies. The company is categorised into three segments, each of which is dedicated to different Speciality Materials (Adhesive Solutions, Advanced Materials, and Coating Solutions). The company has about 20,000 employees and operates in around 55 countries. The company also offers various products in the Latin America construction chemicals market.
Clariant International Ltd. is among the leading speciality chemical companies on a global level. The company actively initiates research and development (R&D) in various fields, including emission-free mobility, energy efficiency, conserving finite resources, and renewable raw materials. In 2021, the company reached sales of CHF 5284 million.
Latin America Construction Chemicals Market Report Snapshots
Latin America Construction Chemicals Market Size
Latin America Construction Chemicals Market Analysis
Latin America Construction Chemicals Companies
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the market attained a value of nearly USD 5,955.03 million.
In the construction sector, construction chemicals are used to increase the strength and durability of buildings while protecting them from degradation. Construction chemicals are also used in infrastructural development activities, including the construction of roads and bridges, among others.
The demand for construction chemicals in the coming years is expected to increase on account of the evolving regulatory standards and the surging preference for high-quality construction materials in the construction sector.
The market is estimated to grow at a CAGR of 3.2% between 2024 and 2032.
Construction chemicals added to various building materials enhance the workability, performance, and functionality while protecting the structural integrity of buildings.
The market is projected to reach about USD 7,868.29 million by 2032.
The growing demand for innovative construction chemicals, the rising housing demand, and the surging renovation activities are driving the market demand for construction chemicals in Latin America.
The market is likely to be driven by robust growth of the construction sector, technological advancements and innovations by the leading Latin America construction chemicals companies, and the rising investments in infrastructural development.
The major regions in the Latin America market are Brazil, Mexico, Argentina, Chile, Colombia, and Peru, among others.
The various types of construction chemicals in the market are concrete admixtures, flooring chemicals, waterproofing chemicals, repair and rehabilitation, and sealants and adhesives, among others.
The several applications of construction chemicals are residential and non-residential.
The major players in the market are Sika AG, Aquaquim S.A. de C.V., Dow Inc., Arkema Group, and Clariant International Ltd., among others.
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