Market Size of South America Repair and Rehabilitation Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 4.00 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
South America Repair & Rehabilitation Market Analysis
The repair and rehabilitation market in South America is projected to register a CAGR of over 4% during the forecast period.
The market was negatively impacted by COVID-19 in 2020. Several countries imposed anti-dumping duty on the import of a certain variety of construction chemicals used in the construction industry in order to aid domestic producers. All the construction work and other activities were put on hold to curb the spreading of the virus, thereby negatively affecting the market. However, the market during 2021 and 2022 has grown steadily, owing to increased building and construction activities.
- Over the short term, bullish growth trends in construction in emerging economies, coupled with the increasing demand from the infrastructure sector, are major factors driving the growth of the market studied.
- However, the lack of skilled labour is a key factor anticipated to restrain the growth of the target industry over the forecast period.
- Nevertheless, the increasing development in sustainable building materials is likely to create lucrative growth opportunities for the market.
South America Repair & Rehabilitation Industry Segmentation
Repair and rehabilitation are general terms for renovation activities or reconstruction activities done for the restoration of existing structures or rebuilding of new incomplete structures. The repair and rehabilitation market is segmented by product type, sector, and geography. By product type, the market is segmented into injection grouting materials, modified mortars, fiber wrapping systems, rebar protectors, micro-concrete mortars, and other product types. By sector, the market is segmented into commercial, industrial, infrastructural, and residential. By geography, the market is segmented into Brazil, Argentina, and Rest of South America. The report also covers the market size and forecasts for the repair and rehabilitation market in major countries across regions. For each segment, the market sizing and forecasts have been provided on the basis of value (USD million).
| Product Type | ||||
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| Rebar Protectors | ||||
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| Micro-concrete Mortars | ||||
| Others |
| Sector | |
| Commercial | |
| Infrastructural | |
| Residential | |
| Industrial |
| Geography | |
| Brazil | |
| Argentina | |
| Rest of South America |
South America Repair and Rehabilitation Market Size Summary
The repair and rehabilitation market in South America is anticipated to experience steady growth over the forecast period, driven by robust construction activities in emerging economies and increasing demand from the infrastructure sector. The market faced challenges due to the COVID-19 pandemic, which led to delays in construction activities and the imposition of anti-dumping duties on certain construction chemicals. However, the market has shown resilience and growth in subsequent years, supported by government funding and foreign direct investment in countries like Brazil, Argentina, and Chile. The development of sustainable building materials presents additional opportunities for market expansion, despite challenges such as a shortage of skilled labor.
In Brazil, the construction sector plays a significant role in the economy, with a substantial portion of projects continuing despite the pandemic. The government's efforts to attract investments through infrastructure projects, including airport concessions, are expected to bolster the market's growth. Similarly, Argentina's green building movement and Colombia's regional development program are set to contribute to the market's expansion. The market is characterized by its fragmented nature, with key players such as 3M, Akzo Nobel Chemicals AG, Arkema S.A, Mapei S.p.A, and BASF SE actively participating. These factors collectively indicate a positive outlook for the repair and rehabilitation market in South America over the coming years.
South America Repair and Rehabilitation Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Drivers
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1.1.1 Recovering Construction Sector in Emerging Economies
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1.1.2 Increasing Demand from Infrastructure Sector
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1.2 Restraints
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1.2.1 Lack of Skilled Labour
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1.2.2 Other Restraints
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1.3 Industry Value Chain Analysis
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1.4 Porter's Five Forces Analysis
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1.4.1 Bargaining Power of Suppliers
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1.4.2 Bargaining Power of Consumers
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1.4.3 Threat of New Entrants
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1.4.4 Threat of Substitute Products and Services
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1.4.5 Degree of Competition
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2. MARKET SEGMENTATION (Market Size in Value)
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2.1 Product Type
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2.1.1 Injection Grouting Materials
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2.1.1.1 Cement-based
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2.1.1.2 Resin-based
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2.1.2 Modified Mortars
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2.1.2.1 Cement-based
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2.1.2.2 Resin-based
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2.1.3 Rebar Protectors
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2.1.4 Fiber Wrapping Systems
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2.1.4.1 Carbon Fiber
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2.1.4.2 Glass Fiber
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2.1.5 Micro-concrete Mortars
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2.1.6 Others
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2.2 Sector
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2.2.1 Commercial
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2.2.2 Infrastructural
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2.2.3 Residential
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2.2.4 Industrial
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2.3 Geography
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2.3.1 Brazil
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2.3.2 Argentina
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2.3.3 Rest of South America
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South America Repair and Rehabilitation Market Size FAQs
What is the current South America Repair and Rehabilitation Market size?
The South America Repair and Rehabilitation Market is projected to register a CAGR of greater than 4% during the forecast period (2024-2029)
Who are the key players in South America Repair and Rehabilitation Market?
3M, Akzo Nobel Chemicals AG, Arkema SA, Mapei SpA and BASF SE are the major companies operating in the South America Repair and Rehabilitation Market.
