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Guatemala Construction Materials Market Share, Size, Growth, Analysis, Forecast: By Type: Tiles Adhesives, Grouts, Waterproofing, Concrete Admixtures, Mortar; By End Use: Residential, Commercial, Industrial, Medical and Healthcare; Market Dynamics: SWOT Analysis; Competitive Landscape; Key Trends and Developments in the Market; 2023-2028
Guatemala Construction Materials Market Outlook
The Guatemala construction materials market reached a value of USD 196.48 million in 2022. The market is further expected to grow at a CAGR of 6.6% in the forecast period of 2023-2028, driven to the rising real estate investments in the country.
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Key Trends in the Market
Construction materials refer to the parts, tools, and supplies used to build constructions or buildings. In order to create long-lasting and sturdy buildings, modern construction processes use a variety of materials, such as waterproofing, building chemicals, and additives. Construction materials are used alongside other construction components to complete the final build or aid in renovation.
- The Guatemala construction materials market is expanding primarily due to increased urbanisation, rising real estate investments, growing demand for housing units and infrastructure facilities, and rising demand for stamped and decorative concrete.
- A key trend influencing the Guatemalan construction materials market is the increasing public spending on infrastructure development. The Guatemalan government has set building infrastructure as a top priority, supporting development of projects that would raise the demand for construction materials.
- Another factor driving up demand for Guatemala construction materials market is the expansion of novel roofing and flooring due to the growing need for fundamental changes in residential along with industrial establishments.
- The market for construction materials in Guatemala is also being driven by the increase in development of smart cities in an effort to reduce traffic congestion brought on by the region's expanding population. Consequently, as smart cities become more prevalent, there will be a greater need for construction materials.
Guatemala Construction Materials Market Analysis
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Based on type, the market is divided into tiles adhesives, grouts, waterproofing, concrete admixtures, and mortar. On the basis of end use, the market is segmented into residential, commercial, industrial, and medical and healthcare.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the Guatemala construction materials market, covering their competitive landscape and the latest developments like mergers, acquisitions, investments, and expansion plans.
- Euclid - Guatemala S.A.
- Sika Guatemala SA
- Protección Anticorrosiva de Cuautitlán, S.A. de C.V. (“PASA”)
- Henkel AG & Co. KGaA
- Mixto Listo
- Grupo Cemix
- Mapei S.p.A.
- Others
Market Share by Type
Waterproofing is expected to be one of the leading segments based on type in the Guatemala construction materials market. Waterproofing systems are commonly used in commercial and institutional applications to stop any form of leakage within the building structure. Due to the frequent heavy precipitation and severe tropical storms that occur in southern and eastern Guatemala, protecting residential and commercial structures with proper waterproofing is more important than ever, particularly walls and roofs.
The need for waterproofing solutions is increased by the necessity of waterproofing in water- and waste-retaining structures. Waterproofing is required in all water-retaining buildings, from septic tanks and drinking water storage to all industrial liquid containers, in order to prevent problems like seepage, container damage, cracking, and surface corrosion.
Market Share by End Use
Residential end uses occupy a substantial share of the Guatemala construction materials market due to the considerable housing deficit in the country. Guatemala has initiated programmes to promote collaborations between the government, housing developers, and the financial industry in order to accelerate the development of housing. As a result, dwelling options and adorability of residents will expand, driving up the need for construction materials. The demand for the market will also benefit from a growing need to increase residential construction in order to address the ongoing housing shortage in nearby countries of El Salvador and Honduras.
The Guatemalan government is also boosting its investments in the construction and modernisation of medical and healthcare facilities, encouraging foreign capital to complete projects for the construction of hospitals in the country. The country has a relatively small hospital infrastructure, which is why the government is investing in the growth and development of the nation's hospital network.
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Competitive Landscape
Sika Guatemala SA, established in 2001 in Guatemala City, Guatemala, is a division of the Sika Group which was founded in 1910. It is a company with a rich history and a reputation for excellence, innovation, and technology in the Central American construction industry. Since the 1960s, the brand has been involved in significant infrastructure projects and is associated with concrete additives, sealants, adhesives, waterproofing, repairs, and strengthening of structures, for builders of all levels.
Grupo Cemix is a Mexican corporation that was established in 1978 with the goal of reducing building costs by providing cutting-edge solutions that streamline conventional processes and raise the quality of completed projects. With headquarters in Nuevo León in Mexico, the company has 20 manufacturing facilities and 23 distribution locations to support the company's operations in 6 nations. Its main offerings include waterproofing, decorative wall coatings, stone and ceramic coating installations, and wall protection.
Mapei S.p.A., with its headquarters in Milan in Italy, is one of the top producers of chemical building goods in the world. The company offers chemical solutions, adhesives, and sealants for the construction industry and has helped create some of the most significant buildings and infrastructure projects in the world. The company, which was established in 1937, creates solutions for stone and ceramics, including cement-based adhesives and items for restoring concrete.
Other market players include Euclid - Guatemala S.A., Protección Anticorrosiva de Cuautitlán, S.A. de C.V. (“PASA”), Eagle Group, Henkel Centroamericana, S.A., and Mixto Listo, among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Type |
|
| Breakup by End Use |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Market Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Central America Construction Materials Market Overview
8.1 Key Industry Highlights
8.2 Central America Construction Materials Historical Market (2018-2022)
8.3 Central America Construction Materials Market Forecast (2023-2028)
9 Guatemala Construction Materials Market Analysis
9.1 Key Industry Highlights
9.2 Guatemala Construction Materials Historical Market (2018-2022)
9.3 Guatemala Construction Materials Market Forecast (2023-2028)
10 Guatemala Construction Materials Market by Type
10.1 Tiles Adhesives
10.1.1 Market Share
10.1.2 Historical Trend (2018-2022)
10.1.3 Forecast Trend (2023-2028)
10.2 Grouts
10.2.1 Market Share
10.2.2 Historical Trend (2018-2022)
10.2.3 Forecast Trend (2023-2028)
10.3 Concrete Admixtures
10.3.1 Market Share
10.3.2 Historical Trend (2018-2022)
10.3.3 Forecast Trend (2023-2028)
10.4 Mortar
10.4.1 Market Share
10.4.2 Historical Trend (2018-2022)
10.4.3 Forecast Trend (2023-2028)
10.5 Waterproofing
10.5.1 Market Share
10.5.2 Historical Trend (2018-2022)
10.5.3 Forecast Trend (2023-2028)
11 Guatemala Construction Materials Market by End Use
11.1 Residential
11.1.1 Market Share
11.1.2 Historical Trend (2018-2022)
11.1.3 Forecast Trend (2023-2028)
11.2 Commercial
11.2.1 Market Share
11.2.2 Historical Trend (2018-2022)
11.2.3 Forecast Trend (2023-2028)
11.3 Industrial
11.3.1 Market Share
11.3.2 Historical Trend (2018-2022)
11.3.3 Forecast Trend (2023-2028)
11.4 Medical and Healthcare
11.4.1 Market Share
11.4.2 Historical Trend (2018-2022)
11.4.3 Forecast Trend (2023-2028)
12 Market Dynamics
12.1 SWOT Analysis
12.1.1 Strengths
12.1.2 Weaknesses
12.1.3 Opportunities
12.1.4 Threats
12.2 Porter’s Five Forces Analysis
12.2.1 Supplier’s Power
12.2.2 Buyers Powers
12.2.3 Threat of New Entrants
12.2.4 Degree of Rivalry
12.2.5 Threat of Substitutes
12.3 Key Indicators for Demand
12.4 Key Indicators for Price
13 Price Analysis
14 Competitive Landscape
14.1 Market Structure
14.2 Company Profiles
14.2.1 Euclid - Guatemala S.A.
14.2.1.1 Company Overview
14.2.1.2 Product Portfolio
14.2.1.3 Demographic Reach and Achievements
14.2.1.4 Certifications
14.2.2 Sika Guatemala SA
14.2.2.1 Company Overview
14.2.2.2 Product Portfolio
14.2.2.3 Demographic Reach and Achievements
14.2.2.4 Certifications
14.2.3 Protección Anticorrosiva de Cuautitlán, S.A. de C.V. (“PASA”)
14.2.3.1 Company Overview
14.2.3.2 Product Portfolio
14.2.3.3 Demographic Reach and Achievements
14.2.3.4 Certifications
14.2.4 Henkel AG & Co. KGaA
14.2.4.1 Company Overview
14.2.4.2 Product Portfolio
14.2.4.3 Demographic Reach and Achievements
14.2.4.4 Certifications
14.2.5 Mixto Listo
14.2.5.1 Company Overview
14.2.5.2 Product Portfolio
14.2.5.3 Demographic Reach and Achievements
14.2.5.4 Certifications
14.2.6 Grupo Cemix
14.2.6.1 Company Overview
14.2.6.2 Product Portfolio
14.2.6.3 Demographic Reach and Achievements
14.2.6.4 Certifications
14.2.7 Mapei S.p.A.
14.2.7.1 Company Overview
14.2.7.2 Product Portfolio
14.2.7.3 Demographic Reach and Achievements
14.2.7.4 Certifications
14.2.8 Others
15 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Central America Construction Materials Market: Key Industry Highlights, (USD Million), 2018 and 2028
2. Guatemala Construction Materials Market: Key Industry Highlights, (USD Million), 2018 and 2028
3. Guatemala Construction Materials Historical Market by Type: Tiles Adhesives (KMT), 2018-2022
4. Guatemala Construction Materials Market Forecast by Type: Tiles Adhesives (KMT), 2023-2028
5. Guatemala Construction Materials Historical Market by Type: Grouts (KMT), 2018-2022
6. Guatemala Construction Materials Market Forecast by Type: Grouts (KMT), 2023-2028
7. Guatemala Construction Materials Historical Market by Type: Concrete Admixtures (KMT), 2018-2022
8. Guatemala Construction Materials Market Forecast by Type: Concrete Admixtures (KMT), 2023-2028
9. Guatemala Construction Materials Historical Market by Type: Mortar (KMT), 2018-2022
10. Guatemala Construction Materials Market Forecast by Type: Mortar (KMT), 2023-2028
11. Guatemala Construction Materials Historical Market by Type: Waterproofing (Thousand Sq. M.), 2018-2022
12. Guatemala Construction Materials Market Forecast by Type: Waterproofing (Thousand Sq. M.), 2023-2028
13. Guatemala Construction Materials Historical Market by Type: Tiles Adhesives (USD Million), 2018-2022
14. Guatemala Construction Materials Market Forecast by Type: Tiles Adhesives (USD Million), 2023-2028
15. Guatemala Construction Materials Historical Market by Type: Grouts (USD Million), 2018-2022
16. Guatemala Construction Materials Market Forecast by Type: Grouts (USD Million), 2023-2028
17. Guatemala Construction Materials Historical Market by Type: Concrete Admixtures (USD Million), 2018-2022
18. Guatemala Construction Materials Market Forecast by Type: Concrete Admixtures (USD Million), 2023-2028
19. Guatemala Construction Materials Historical Market by Type: Mortar (USD Million), 2018-2022
20. Guatemala Construction Materials Market Forecast by Type: Mortar (USD Million), 2023-2028
21. Guatemala Construction Materials Historical Market by Type: Waterproofing (USD Million), 2018-2022
22. Guatemala Construction Materials Market Forecast by Type: Waterproofing (USD Million), 2023-2028
23. Guatemala Construction Materials Historical Market by Application: Residential (USD Million), 2018-2022
24. Guatemala Construction Materials Market Forecast by Application: Residential (USD Million), 2023-2028
25. Guatemala Construction Materials Historical Market by Application: Commercial (USD Million), 2018-2022
26. Guatemala Construction Materials Market Forecast by Application: Commercial (USD Million), 2023-2028
27. Guatemala Construction Materials Historical Market by Application: Industrial (USD Million), 2018-2022
28. Guatemala Construction Materials Market Forecast by Application: Industrial (USD Million), 2023-2028
29. Guatemala Construction Materials Historical Market by Application: Medical and Healthcare (USD Million), 2018-2022
30. Guatemala Construction Materials Market Forecast by Application: Medical and Healthcare (USD Million), 2023-2028
31. Tiles Adhesives Historical Price Trends and Forecast (2018-2028)
32. Grouts Historical Price Trends and Forecast (2018-2028)
33. Concrete Admixtures Historical Price Trends and Forecast (2018-2028)
34. Mortar Historical Price Trends and Forecast (2018-2028)
35. Waterproofing Historical Price Trends and Forecast (2018-2028)
36. Guatemala Construction Materials Market Structure
Key Questions Answered in the Report
The market is projected to grow at a CAGR of 6.6% between 2023 and 2028.
The major drivers of the market include rising urbanisation, increasing government investments in infrastructure, growing demand for construction, rising number of smart cities, and growing population.
Increasing importance of waterproofing and rising demand for housing units and infrastructural facilities and are the key trends propelling the growth of the market.
The various types of construction materials in the market are tiles adhesives, grouts, waterproofing, concrete admixtures, and mortar.
The different end uses in the market are residential, commercial, industrial, and medical and healthcare.
The most common types of building materials used in construction are wood, cement, aggregates, metals, bricks, concrete, and clay, due to their cost-effectiveness in construction projects.
Modern construction materials refer to materials that need to undergo substantial technological processing before use, and may require further processing for safe disposal.
Construction materials support the sound construction of any structure, enabling it to effectively carry out its purpose, whether it is residential, commercial, infrastructure, or any other purpose.
In the construction sector, quality planning, quality assurance, and quality control are referred to as the quality management system (QMS). The primary objective of the construction sector is to guarantee that projects are effectively completed while maintaining highest quality, specified timeframe, and lowest cost.
The major players in the Guatemala construction materials market are Euclid - Guatemala S.A., Sika Guatemala SA, Protección Anticorrosiva de Cuautitlán, S.A. de C.V. (“PASA”), Henkel AG & Co. KGaA, Mixto Listo, Grupo Cemix, and Mapei S.p.A., among others.
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