South America Dry Mix Mortar Market: Industry Analysis and Forecast (2024-2030)

South America Dry Mix Mortar Market Definition:

The South America Dry Mix Mortar Market is projected to witness significant growth rate during the forecast period. The growth is due to the increasing focus on commercial and residential infrastructure and focus on the tourism activities which the constituent countries are focussing upon. Dry Mix Mortar market growth rate is closely linked to the construction and infrastructure sector growth and hence the relationship between the two is important for analysis of Dry Mix Mortar Market in South America region. The issue with South America Dry Mix Mortar market is that South America region is one of the regions with least investments on infrastructure projects as compared to other regions.

South America Dry Mix Mortar Market Dynamics:

The Dry Mix Mortar Market is projected to grow at a significant rate during the forecast period (2024-2030), owing to governments in the South American region focusing on developing tourism infrastructure. Furthermore, the constituent governments are inclined to improve the tourist sector long-term viability in their respective countries, with a particular focus on establishing the country as a medical and health tourism powerhouse. Brazil reported approximately 9,000 hotel rooms under construction in January 2020, making it the leading country in Central and South America for the construction of lodging facilities. Colombia has reported the second-highest number of hotel rooms under development in the region, followed by Chile and Peru. There were 702 hotel building pipelines in Latin America in the first quarter of 2020. There were 324 accommodation facilities under construction at the time, with 203 more planned to begin construction in the next twelve months.

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In terms of contributions to the infrastructure market which is directly related to the Dry Mix Mortar Market, it is observed that growth is not evenly distributed across the continent. A select group of countries are outperforming markets and have the ability to access sufficient private and public capital to support infrastructure investment, aided in part by strong commodity prices from the extraction markets, while other higher-risk markets with fewer opportunities continue to drag down the region's overall attractiveness. A return to major growth in several large markets, such as Brazil and Colombia, as well as ongoing strong growth in other regions, such as Chile and Peru, will fuel the industry's increasing expansion. Even while overall economic attractiveness of the South America region has improved significantly, Latin America still lags behind the worldwide average, according to Fitch Solutions. Some countries in the South America region such as Chile, Colombia, and Peru are doing well because of years of pro-business policies that have resulted in robust access to private capital and large-scale infrastructure investment which is projected to drive the Dry Mix Mortar market upwards during the forecast period (2024-2030).

The overall economic conditions impact the Dry Mix Mortar Market heavily because the entry of major key players which are not currently in the region depends upon such factors. While Mexico has surpassed Peru as the third most appealing market in terms of economy, Peru remains the fastest growing country in terms of growth rate in the South America region. This growth is driven by the mining investments and private consumption supporting economic development which are projected to drive the Dry Mix Mortar Market upwards. However, relying on commodity prices, whether mineral or oil, exposes international trade to a downside risk.

As per Fitch Ratings report housing and remodelling are projected to continue to underpin solid cement demand in South American region and its six largest nations, compared to pre-pandemic levels. As demand will stabilise or perhaps decrease somewhat in 2022, companies are projected to continue to generate strong cash flow from operations. Most corporations will boost capex, investment activity, and shareholder pay-outs. This indicates that only minor deleveraging is expected to happen during the forecast period (2024-2030). Due to rising self-construction and residential demand, it is projected that the Dry Mix Mortar Market in South America region will continue to perform above pre-coronavirus levels as the construction and allied activities resume their pace. In the near term, it is projected that this trend will be credit neutral as corporations will increase their investments and pay-outs to shareholders.

South America Dry Mix Mortar Market Segment Analysis:

On the basis of industry vertical, residential construction segment is projected to dominate the South America Dry Mix Mortar market. This is due to the increasing focus of the constituent countries to project themselves as top tourist destinations. In order to become top tourist destination South American countries are spending extensively on building hotels, lodges and tourist residential mansions to attract tourists from across the globe and cater to the variety of needs. Tourism has emerged as one of the most important contributors to economic development, job creation, and even environmental conservation in South America. According to the World Travel and Tourism Council (WTTC), the South American subcontinent is the world's fourth most important tourism destination. Tourism employs 15,778,000 people (7.6% of total employment) and contributes $348.7 billion to each country's GDP. According to the World Tourism Organization, international tourist arrivals grew by 7%. (UNWTO). As a travel destination, South America stands out as compared to other travel and tourist destinations. New investments have been made by countries such as Mexico, Peru, Colombia, Chile, and Argentina, and new international travel players such as Norwegian Airlines are rising in the region. According to the United Nations World Tourism Organization, South America is projected to welcome 78.2 million tourists by 2027, producing an estimated USD 82 billion in revenue for the region.

On the basis of application, grout segment is projected to dominate the South America Dry Mix Mortar Market as it has variety of uses in the construction sector particularly in the area of repair and maintenance of civil structures. Grouting is used to fill gaps in between tiles and civil structures and such activities would be done in large numbers as residentials and commercial tourist establishments require timely maintenance to ensure aesthetic appeal of the location in order to attract tourists. Some of the advantages of grouting include reduction of damage to property as grouting activity does not produces any sort of vibration. Moreover, it is suitable for applications where the headroom available is low and space is limited.

The objective of the report is to present a comprehensive analysis of the South America Dry Mix Mortar market to the stakeholders in the industry. The report provides trends that are most dominant in the South America Dry Mix Mortar market and how these trends will influence new business investments and market development throughout the forecast period. The report also aids in the comprehension of the South America Dry Mix Mortar Market dynamics and competitive structure of the market by analyzing market leaders, market followers, and regional players.

The qualitative and quantitative data provided in the South America Dry Mix Mortar market report is to help understand which market segments, regions are expected to grow at higher rates, factors affecting the market, and key opportunity areas, which will drive the industry and market growth through the forecast period. The report also includes the competitive landscape of key players in the industry along with their recent developments in the South America Dry Mix Mortar market. The report studies factors such as company size, market share, market growth, revenue, production volume, and profits of the key players in the South America Dry Mix Mortar market.

The report provides Porter's Five Force Model, which helps in designing the business strategies in the market. The report helps in identifying how many rivals are existing, who they are, and how their product quality is in the South America Dry Mix Mortar market. The report also analyses if the South America Dry Mix Mortar market is easy for a new player to gain a foothold in the market, do they enter or exit the market regularly if the market is dominated by a few players, etc.

The report also includes a PESTEL Analysis, which aids in the development of company strategies. Political variables help in figuring out how much a government can influence the South America Dry Mix Mortar market. Economic variables aid in the analysis of economic performance drivers that have an impact on the South America Dry Mix Mortar market. Understanding the impact of the surrounding environment and the influence of environmental concerns on the South America Dry Mix Mortar market is aided by legal factors.

South America Dry Mix Mortar Market Scope:

South America Dry Mix Mortar Key Players:  

• BASF Argentina S. A. (Argentina) 
• DuPont (Brazil)
• 3M Latin America (Argentina)
• Holcim Latin America (Columbia)
• Firestone Building Products (Argentina)
• Henkel (Argentina)
• MC-Bauchemie Bolivia (Bolivia)
• Bautech Ltda (Brazil)
• Votorantim Cimentos (Brazil)
• Pedreira Petrolina Ltda (Brazil)