| Label | USD Million |
|---|---|
| 2018 | 986.4887714849252 USD Million |
| 2019 | 1035.8771544321503 USD Million |
| 2020 | 1089.6983524556108 USD Million |
| 2021 | 1148.361926244137 USD Million |
| 2022 | 1216.1772952600388 USD Million |
| 2023 | 1286.6464760542783 USD Million |
| 2024 | 1363.8134686139215 USD Million |
| 2025 | 1448.45580893711 USD Million |
| 2026 | 1541.4580028010903 USD Million |
| 2027 | 1643.8283405709983 USD Million |
| 2028 | 1753.1359832467112 USD Million |
| 2029 | 1873.7815157331272 USD Million |
| 2030 | 2007.198113217607 USD Million |
| 2031 | 2155.0321749298378 USD Million |
| 2032 | 2319.1794790655276 USD Million |
Data Source: Wantstats Repository
Market Dynamics
The Argentina construction chemicals industry has been growing in the past few decades and is expected to continue rapid growth due to the country's increasing economic activities. Construction demand is expected to increase mainly due to the increase in large-scale condominiums and office buildings projects. This trend is largely driven by the improved business climate and increased outlays from both the government and private sector.The demand for construction chemicals has increased in recent years as the government has begun to invest heavily in the modernization of the country, which includes large-scale infrastructure projects. Additionally, rising demand for housing projects is helping drive demand for construction chemicals. These chemicals are used in the construction of buildings, bridges, roads, and other infrastructure projects.The major product types of construction chemicals used in the Argentinian market are adhesives, sealants, waterproofing membranes, concrete admixtures, and others. Adhesives are widely used in many construction activities such as tiling, woodworking, and carpentry. Sealants are used to fill gaps and provide insulation between dissimilar materials. Waterproofing membranes are used to prevent water ingress and protect structures from the elements.
Concrete admixtures help prevent shrinkage, cracking, and settlement.In terms of the competitive landscape, the construction chemicals industry is dominated by a few leading players such as Dow Chemical and BASF. These players are focused on expanding their product portfolio, affordability, and availability through strategies such as product innovation, collaborative agreements, and joint ventures. In addition, the government of Argentina is supportive of the development of the construction chemicals industry and is providing incentives for small-scale production.As the Argentina construction chemicals market continues to grow, there is expected to be an associated increase in demand for these products over the forecast period. This will be further supported by the country's infrastructure development plans. Furthermore, manufacturers are expected to invest in product development and research & development, which will contribute towards the expansion of the construction chemicals industry.
Research Methodology
Figures reflect Wantstats’ original market research and forecasting models, compiled as part of the Wantstats research archive and published in 2023.
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Group Product Manager HVAC & Fire Protection GMA, Rockwool
I have been reading the first document or the study, the Global HVAC and FP market report 2021 till 2026. Must say, good info! I have not gone in depth at all parts, but got a good indication of the data inside!
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