Market Forecast by Countries (Brazil, Mexico, Argentina, Rest of Latin America), By Fiber Type (Carbon, Natural Fiber), By Resin Type (Polyester, Vinyl Ester, Polyethylene , Polypropylene), By Application (Industrial, Commercial, Housing , Civil) And Competitive Landscape
Product Code: ETC4615136 | Publication Date: Jul 2023 | Updated Date: Mar 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 30 | |
Report Name | Latin America Construction Composites market |
Forecast Period | 2025-2031 |
Market Size | USD 3,306.2 million by 2031 |
CAGR | 11.2% |
Growing Sector | Construction |
The Latin America Construction Composites market report thoroughly covers the market by fiber type, by resin type, by application and by countries. The report provides an unbiased and detailed analysis of the on-going market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
The Latin America Construction Composites Market was valued at USD 1,784.2 million and is to reach USD 3,306.2 million ,growing at a CAGR of around 11.2% from 2025 to 2031. The Latin America construction composites market is driven by rising infrastructure development, demand for lightweight and durable materials, and increasing urbanization. Key factors include advancements in composite manufacturing technologies, growing preference for corrosion-resistant materials, and a focus on sustainable construction practices. These dynamics boost the adoption of composites in residential, commercial, and industrial construction projects.
The Latin America Construction Composites Market was valued at approximately $2.8 billion in 2025 and is projected to reach around $4.3 billion by 2031, growing at a compound annual growth rate (CAGR) of about 11.2% during the forecast period. Major contributors to this market include Brazil, Mexico, and Argentina.
The Latin America Construction Composites Market is experiencing significant growth, driven by increasing infrastructure development, urbanization, and the need for lightweight, durable, and sustainable construction materials. Composites, such as fiber-reinforced polymers (FRPs) and glass-reinforced plastics (GRPs), are increasingly used in construction due to their superior strength-to-weight ratio, resistance to corrosion, and low maintenance requirements. Key countries like Brazil, Mexico, and Argentina are leading the market, supported by government initiatives and rising investments in both residential and commercial infrastructure projects. The market is expected to expand further as the demand for innovative and energy-efficient building solutions continues to rise across the region.
According to 6Wresearch, Latin America Construction Composites market size is projected to grow at a CAGR of 11.2% during 2025-2031. The growth of the Latin America Construction Composites Market is primarily driven by increasing urbanization, substantial investments in infrastructure development, and the rising demand for lightweight, durable, and sustainable building materials. Composites offer advantages such as high strength-to-weight ratios, resistance to environmental degradation, and minimal maintenance, making them attractive for modern construction projects. Additionally, government initiatives aimed at improving building standards and energy efficiency are fueling market expansion. Integration of composites in building designs to improve energy efficiency and thermal insulation.
Moreover, government regulations and standards promoting the use of advanced materials in construction for safety and performance improvements. However, the Latin America Construction Composites industry faces challenges including high initial costs associated with composite materials compared to traditional construction materials and a lack of widespread awareness and technical expertise in their application. These factors can hinder adoption, particularly in smaller projects or regions with less developed construction sectors.
Key companies operating in the Latin America Construction Composites Market include Sika AG, a global leader known for its advanced construction and specialty materials; Owens Corning, renowned for its high-performance fiberglass composites; Hexcel Corporation, which offers a wide range of composite materials for construction applications; Jushi Group, a major producer of fiberglass products; and Strongwell Corporation, specializing in pultruded fiberglass composites. Additionally, some of these players hold majority of the Latin America Construction Composites market share. Further, these companies are instrumental in driving market growth through their innovative product offerings, extensive distribution networks, and strong presence in the region’s construction industry. Their investments in research and development, along with strategic partnerships and acquisitions, further enhance their competitive position in the Latin American market.
Government regulations in Latin America significantly impact the Construction Composites Market by setting standards for building safety, environmental sustainability, and material performance. Many countries in the region, such as Brazil and Mexico, have implemented regulations that promote the use of advanced materials to improve structural integrity and energy efficiency in construction. Further, these initiatives have further boosted the Latin America Construction Composites market revenues. Additionally, these regulations often mandate the use of materials that meet specific durability and safety criteria, encouraging the adoption of composites that offer superior performance compared to traditional materials. Additionally, some governments provide incentives for green building practices and sustainable construction, further driving the demand for eco-friendly composites. Compliance with these regulations is crucial for companies looking to enter or expand in the Latin American market, as they ensure adherence to local standards and contribute to the overall growth of the industry.
The future of the Latin America Construction Composites Market looks promising, with anticipated growth driven by increasing urbanization, infrastructure development, and a shift toward sustainable building practices. Innovations in composite materials, such as enhanced fiber reinforcements and eco-friendly resins, are expected to improve performance and expand applications in construction. As regulatory frameworks become more stringent, there will be a greater emphasis on using advanced materials to meet safety and environmental standards. Additionally, rising investments in green building technologies and energy-efficient solutions will further propel market growth. Companies that invest in R&D and adapt to evolving regulations and market needs are likely to gain a competitive edge, driving the sector toward more sustainable and efficient construction practices.
According to Ravi Bhandari, Research Head, 6Wresearch, Brazil stands out as a key performer in the Latin America Construction Composites Market due to its substantial investment in infrastructure development and rapid urbanization. The country’s growing demand for advanced construction materials is driven by major projects in transportation, public utilities, and urban development. Brazil's supportive government policies and regulatory frameworks promoting sustainable and energy-efficient construction practices further bolster the market for composites.
The industrial segment of the Latin America Construction Composites Market is experiencing robust growth, fueled by the increasing adoption of advanced composite materials in various industrial applications. The demand is driven by the need for materials that offer high strength, corrosion resistance, and durability, which are essential for industrial infrastructure such as pipelines, storage tanks, and manufacturing facilities. The sector benefits from the rise in industrialization and the expansion of sectors like energy, oil and gas, and manufacturing, where composites provide significant performance advantages over traditional materials.
The Latin America Construction Composites market report provides a detailed analysis of the following market segments
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Latin America Construction Composites Market Overview |
3.1 Latin America Regional Macro Economic Indicators |
3.2 Latin America Construction Composites Market Revenues & Volume, 2021 & 2031F |
3.3 Latin America Construction Composites Market - Industry Life Cycle |
3.4 Latin America Construction Composites Market - Porter's Five Forces |
3.5 Latin America Construction Composites Market Revenues & Volume Share, By Countries, 2021 & 2031F |
3.6 Latin America Construction Composites Market Revenues & Volume Share, By Fiber Type, 2021 & 2031F |
3.7 Latin America Construction Composites Market Revenues & Volume Share, By Resin Type, 2021 & 2031F |
3.8 Latin America Construction Composites Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Latin America Construction Composites Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Latin America Construction Composites Market Trends |
6 Latin America Construction Composites Market, 2021-2031 |
6.1 Latin America Construction Composites Market, Revenues & Volume, By Fiber Type, 2021-2031 |
6.2 Latin America Construction Composites Market, Revenues & Volume, By Resin Type, 2021-2031 |
6.3 Latin America Construction Composites Market, Revenues & Volume, By Application, 2021-2031 |
7 Brazil Construction Composites Market, 2021-2031 |
7.1 Brazil Construction Composites Market, Revenues & Volume, By Fiber Type, 2021-2031 |
7.2 Brazil Construction Composites Market, Revenues & Volume, By Resin Type, 2021-2031 |
7.3 Brazil Construction Composites Market, Revenues & Volume, By Application, 2021-2031 |
8 Mexico Construction Composites Market, 2021-2031 |
8.1 Mexico Construction Composites Market, Revenues & Volume, By Fiber Type, 2021-2031 |
8.2 Mexico Construction Composites Market, Revenues & Volume, By Resin Type, 2021-2031 |
8.3 Mexico Construction Composites Market, Revenues & Volume, By Application, 2021-2031 |
9 Argentina Construction Composites Market, 2021-2031 |
9.1 Argentina Construction Composites Market, Revenues & Volume, By Fiber Type, 2021-2031 |
9.2 Argentina Construction Composites Market, Revenues & Volume, By Resin Type, 2021-2031 |
9.3 Argentina Construction Composites Market, Revenues & Volume, By Application, 2021-2031 |
10 Rest of Latin America Construction Composites Market, 2021-2031 |
10.1 Rest of Latin America Construction Composites Market, Revenues & Volume, By Fiber Type, 2021-2031 |
10.2 Rest of Latin America Construction Composites Market, Revenues & Volume, By Resin Type, 2021-2031 |
10.3 Rest of Latin America Construction Composites Market, Revenues & Volume, By Application, 2021-2031 |
11 Latin America Construction Composites Market Key Performance Indicators |
12 Latin America Construction Composites Market - Opportunity Assessment |
12.1 Latin America Construction Composites Market Opportunity Assessment, By Countries, 2021 & 2031F |
12.2 Latin America Construction Composites Market Opportunity Assessment, By Fiber Type, 2021 & 2031F |
12.3 Latin America Construction Composites Market Opportunity Assessment, By Resin Type, 2021 & 2031F |
12.4 Latin America Construction Composites Market Opportunity Assessment, By Application, 2021 & 2031F |
13 Latin America Construction Composites Market - Competitive Landscape |
13.1 Latin America Construction Composites Market Revenue Share, By Companies, 2024 |
13.2 Latin America Construction Composites Market Competitive Benchmarking, By Operating and Technical Parameters |
14 Company Profiles |
15 Recommendations |
16 Disclaimer |