Guatemala Construction Materials Market Share, Size, Growth: By Type: Tiles Adhesives, Grouts, Concrete Admixtures, Mortar, Waterproofing; By End Use: Residential, Commercial, Industrial, Medical and Healthcare, Others; Market Dynamics: SWOT Analysis; Competitive Landscape; Key Trends and Developments in the Market; 2024-2032

Guatemala Construction Materials Market Size

The Guatemala construction materials market reached a value of approximately USD 63.74 million  in 2023. The market is projected to grow at a CAGR of 6.6% between 2024 and 2032, reaching a value of around USD 113.54 million by 2032.

Guatemala Construction Materials Market Outlook

• According to ITA, in the fourth quarter of 2022, the construction sector's GDP contribution rose to $950 million.

• The government aims to expand Guatemala's road network from 16,457 to 37,952 kilometers by 2038.

• Guatemala's imports of construction materials surpassed USD 1 billion in 2021, reflecting a 40% increase from 2020.

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Guatemala Construction Materials Market Growth

Construction materials comprise various types including grouts, tiles adhesives, mortar, concrete admixtures, and waterproofing. Various innovations including the development of high-performance composite materials enhance structural strength, durability, and resilience in construction projects.

Moreover, the use of nanomaterials in construction improves material characteristics like strength, durability, and thermal insulation, fostering innovation within the market.

Guatemala's construction sector emerged as notably successful, marked by substantial growth propelled by robust infrastructure projects and investments in high-density and single-family residential developments.

RAccording to ITA, Guatemala's construction industry continued growing in 2023, comprising 4% of the national GDP. The "Guatemala No Se Detiene" Plan, focusing on transport infrastructure, includes 40 government-promoted development projects.

Key Trends and Developments

Technological advancements, modular construction methods, adoption of automation and digitalisation, and sustainable development are the major trends impacting the Guatemala construction materials market growth.

April 18, 2024

Spanish firm Ecoener started building two photovoltaic plants, Yolanda and El Carrizo, in Escuintla, Guatemala, totalling 149 MW, advancing the country's renewable energy expansion.

February 26, 2024

MPC Energy Solutions, a Dutch clean energy developer, has initiated the construction of a 65MWp solar project in Guatemala, with plans to have the project operational by mid-2025.

January 11, 2024

Construction has started on a new toll highway linking Suchitepequez and Retalhuleu in Guatemala. Spanning 31km, it's slated for completion and opening to traffic by late 2025.

October 23, 2023

Central and South America's cement industry leader, Progreso, has launched Guatemala's first 3D-printed building via its corporate accelerator, Progreso X. This project validates 3D construction printing's structural viability in seismic areas.

Technological Advancements

Advancements in construction materials such as high-performance concrete, cutting-edge insulation materials, and smart building technologies boost durability, energy efficiency, and safety.

Modular Construction Methods

The growing popularity of modular construction methods, fueled by the demand for quicker and cost-effective building solutions, highlights the need for lightweight, durable, and easily transportable materials.

Adoption of automation and digitalisation

The integration of Building Information Modeling (BIM), robotics, and automation streamlines construction, enhancing efficiency, cutting labour costs, and increasing the demand for materials suited to modern construction methods.

Sustainable Development

Environmental awareness and regulations are fueling rising demand for eco-friendly construction materials, including recycled materials, low-carbon concrete, and sustainable timber.

Guatemala Construction Materials Market Trends

Guatemala's rapid urbanisation and infrastructure projects, including transportation networks, commercial complexes, and residential developments, drive the demand for construction materials like cement, steel, and aggregates. Moreover, the liberalisation of Guatemala's economy and increased foreign investment in construction projects create opportunities for market expansion and the introduction of new materials and technologies.

Adhering to energy efficiency regulations and green building standards promotes the adoption of energy-efficient materials such as thermal insulation, solar panels, and sustainable roofing, bolstering Guatemala construction materials market expansion.

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Guatemala Construction Materials Industry Segmentation

“Guatemala Construction Materials Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:

Market Breakup by Type

• Tiles Adhesives

• Grouts

• Concrete Admixtures

• Mortar

• Waterproofing

Market Breakup by End Use

• Residential

• Commercial

• Industrial

• Medical and Healthcare

• Others

Guatemala Construction Materials Market Share

Tile adhesives contribute to the Guatemala construction materials market growth as they are designed for easy application and provide builders and contractors with a convenient and effective method for tile installation.

Tile adhesives are designed to adhere to various substrates commonly found in construction, such as concrete, cement render, plasterboard, and existing tiled surfaces. Moreover, tile adhesives are crafted to endure environmental elements like moisture, heat, and chemicals, guaranteeing the durability of tiled installations across varying conditions.

Waterproofing solutions are essential for ensuring the durability and longevity of the infrastructure, especially in challenging environmental conditions.

Commercial drives growth in the Guatemala construction materials market share by increasing foreign investment in the construction of hotels, resorts, factories, and logistics centres.

As urbanisation is taking place, the demand for commercial spaces such as shopping malls, office complexes, and mixed-use developments is increasing which drives the consumption of construction materials. Moreover, Commercial developers are constructing office buildings and business parks, requiring construction materials for structural components, interiors, and facades.

Residential construction frequently coincides with infrastructure development, encompassing roads, utilities, and public amenities like schools and healthcare facilities. These infrastructure endeavours drive the need for construction materials, bolstering the residential construction sector's expansion.

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Leading Manufacturers in the Guatemala Construction Materials Market

The construction companies produce and offer products and solutions for sports flooring, structural strengthening, and others for residential, commercial, industrial, medical, and healthcare sectors.

Sika Guatemala SA: Founded in 1910 and is a Guatemala-based company. The company embodies a rich tradition and heritage, serving as a symbol of excellence, innovation, and technological advancement in construction throughout the Central American region.

Grupo Cemix: Established in 1978 and is headquartered in Monterrey, Nuevo León. It provides solutions for installing ceramic and marble, covering walls, maintaining, repairing, and decorating concrete, and waterproofing solutions.

Mapei S.p.A.: Founded in 1937 and is headquartered in Milan, Italy. The company offers products for sports flooring, wood flooring, structural strengthening, and others. The system solutions offered include hospitality, healthcare, marine, and others.

Protección Anticorrosiva de Cuautitlán, S.A. de C.V. (“PASA”): Established in 1985 and is Cuautitlán México-based company. The company offers products for waterproofing, additives for concrete, PASA® Color Paints, and others.

Other Guatemala construction materials market key players are Euclid - Guatemala S.A., Henkel AG & Co. KGaA, and Mixto Listo among others.

Key Highlights of the Report

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Guatemala Construction Materials Market Report Snapshots

Guatemala Construction Materials Market Size

Guatemala Construction Materials Market Growth

Guatemala Construction Materials Market Trends

Guatemala Construction Materials Market Share

Guatemala Construction Materials Manufacturers

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.