The Latin America cement market size reached around 180.01 Million Tons in 2025. The market is projected to grow at a CAGR of 1.30% between 2026 and 2035 to reach nearly 204.83 Million Tons by 2035. The market growth can be attributed to increasing investments by international financial institutions towards bolstering infrastructure development in the region and rapid economic growth in countries like Brazil and Mexico. The shift towards sustainability and the increasing application of blended cement are further expected to propel the market growth in the coming years.
Base Year
Historical Period
Forecast Period
Cement production in Peru is significantly increasing amid favourable government investments in large-scale infrastructure projects and housing developments, the booming construction sector, competitive production costs, and ease of access to raw materials. The national production of cement from November 2020 to October 2021 in Peru recorded a growth rate of 46% and reached 12,800,000 Mt. With the increasing production of cement, key players in the country are expected to boost their export capacities to other Latin American nations experiencing rapid infrastructure growth.
Increasing road construction and upgradation activities in the region are surging the demand for cement to provide long-lasting foundation and surface of roads due to its durability, high strength, and ability to withstand heavy loads and harsh weather conditions. For instance, in February 2025, the Brazilian Ministry of Infrastructure, Communications, and Transport announced the National Highway Infrastructure Program 2025-2030, investing USD 8.47 billion to enhance more than 4,000 kilometres of roads.
The growing focus on sustainability is boosting the Latin America cement market revenue. Latin America’s cement industry aims to minimise carbon emissions by 8% by 2050 through the usage of carbon-neutral electricity, which is sourced from wind, solar, hydropower, and other sources of renewable energy. In the forecast period, the introduction of favourable government initiatives aimed at encouraging cement manufacturers to implement green energy solutions is anticipated to propel the market.
Compound Annual Growth Rate
1.3%
Value in Million Tons
2026-2035
*this image is indicative*
|
Latin America Cement Market Report Summary |
Description |
Value |
|
Base Year |
Million Tons |
2025 |
|
Historical period |
Million Tons |
2019-2025 |
|
Forecast Period |
Million Tons |
2026-2035 |
|
Market Size 2025 |
Million Tons |
180.01 |
|
Market Size 2035 |
Million Tons |
204.83 |
|
CAGR 2019-2025 |
Percentage |
XX% |
|
CAGR 2026-2035 |
Percentage |
1.30% |
|
CAGR 2026-2035 - Market by Country |
Brazil |
1.6% |
|
CAGR 2026-2035 - Market by Type |
Portland Cement |
1.1% |
|
CAGR 2026-2035 - Market by End Use |
Residential |
1.5% |
|
Market Share by Country 2025 |
Mexico |
23.7% |
In October 2021, cement shipments from Argentina recorded a year-on-year growth of 6%. As per the Portland Cement Manufacturers Association, cement demand recorded a y-o-y growth of 24% during the first 10 months of 2021, and overall shipments increased to 9.9 million.
As per the National Union of the Cement Industry, total cement production in Brazil rose to 54.8 million tons from January to October 2021, thereby recording a year-on-year growth of 7.5%. With the launch of social housing programmes and international tenders for public works development, including the expansion of various metropolitan lines, Brazil is expected to constitute a major portion of the Latin America cement market share.
During January- September 2021, the production of grey cement recorded a year-on-year growth of 22% in Colombia and reached 10,000,000 Mt. Around 9,600,000 Mt of it was shipped to the domestic market, which was a y-o-y growth of 21.6%.
As per the National Statistics Institute, Chile recorded a year-on-year growth of 21.2% in cement production in 2021, totalling 3,214,000 Mt. Over the forecast period, the Latin America cement market development is expected to be driven by increasing investments in the construction sector.
Growing retail construction in Peru; surging road development projects in Mexico; increasing investments in infrastructure development; and a shift towards net zero emissions are the major factors favouring the Latin America cement market growth.
During 2019-2021, the demand for cement grew at a rate of 20% in Peru, the highest of all 6 of the largest economies in Latin America. This was attributed to the growth of private sector investments in the construction industry and rapid infrastructure development by the government to promote economic growth. As per the Latin America cement market analysis, cement demand in Peru is expected to rise steadily in the coming years, driven by increasing government efforts to improve people’s access to adequate housing and transportation.
In 2024, the Secretariat of Communications and Transport constructed around 53 new roads in rural areas at an estimated cost of USD 910 million. This is driving the market as road construction demands huge volumes of cement for laying foundations, pavements, and other infrastructure.
As per industry reports, Latin America needs to invest around USD 250 billion annually to bridge its existing gaps in infrastructure development during 2024-2028. This is expected to favourably impact the market dynamics as countries bolster their investments in construction projects like buildings, bridges, and road development.
The cement industry of Latin America is targeting net zero emissions by 2050 through wide-ranging measures encompassing the usage of renewable energy resources and decarbonising the cement production process. This commitment is expected to meet increasing regulatory and consumer pressure to adopt sustainable cement production practices to meet climate goals.
The expansion of retail real estate rental offerings in Peru is driven by the growing consumer demand for memorable shopping experiences and rising cost considerations for branded retail companies. In May 2023, Parque Arauco S.A. announced an investment of USD 60 million to construct Parque La Molina, a 16,000 m² shopping centre in Lima (Peru) offering a wide range of gastronomy and entertainment options, including a gym and a cinema. This is creating a favourable Latin America cement market outlook.
The rapid growth of the housing and construction sector in Latin America has necessitated the use of green building materials to ensure sustained market growth. The regional cement industry aims to achieve 100% decarbonisation via concrete optimisation (19%), ensuring clinker factor reduction (23%), and adopting carbon capture, utilisation, and storage practices (42%). As per the Latin America cement market analysis, the recarbonisation of concrete is further expected to account for an 8% reduction in emissions by 2050, thereby leading to market development.
The EMR’s report titled “Latin America Cement Market Report and Forecast 2026-2035” offers a detailed analysis of the market based on the following segments:
Breakup by Product
Breakup by End Use
Breakup by Country
Based on end use, the market is segmented into residential and non-residential. Over the forecast period of 2026-2035, the demand for cement in the residential sector is expected to grow at a CAGR of 1.5% amid rapid urbanisation and the rising investments in residential and housing developments. The increasing construction of affordable housing, the rising middle-class population, and surging investments in home improvement activities are also boosting the segment’s growth. As per the Latin America cement market analysis, non-residential construction is expected to witness a healthy growth in the forecast period amid the rising construction of industrial structures, commercial buildings, and industrial projects.
|
CAGR 2026-2035 - Market by |
End Use |
|
Residential |
1.5% |
|
Non-residential |
XX% |
Major players are adopting green energy sources (including solar and wind) for cement production to minimise their carbon footprint. Additionally, they are expanding their production capabilities and enhancing their distribution networks to cater to the increasing demand from infrastructure development projects. This is creating a favourable Latin America cement market outlook.
Moctezuma Corporation was founded in 1982 and is headquartered in Mexico City. It is Mexico’s fourth largest cement production company and third largest concrete producing firm.
Holcim Ltd. was founded in 1912 and is headquartered in Zug, Switzerland. It specialises in producing building materials like cement, ready-mix concrete, and various infrastructure solutions.
CEMENTOS AVELLANEDA S.A. was founded in 1919 and is headquartered in Argentina. It specialises in producing lime, cement, concrete, and other essential building materials.
Loma Negra Companía Industrial Argentina S.A. was founded in 1926 and is headquartered in Puerto Madero. It is a prominent cement production company of Argentina which has around 7 fixed concrete plants, 8 cement production plants, and 1 waste recycling facility.
*Please note that this is only a partial list; the complete list of key players is available in the full report. Additionally, the list of key players can be customized to better suit your needs.*
Other players included in the Latin America cement market report are GCC, S.A.B. de C.V., Cemex, S.A.B. de C.V, PCR S.A., Grupo Argos, KOLCEM SAS, Unacem Perú S.A, and Cooperativa La Cruz Azul, among others.
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*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.*
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In 2025, the market reached an approximate volume of 180.01 Million Tons.
The market is projected to grow at a CAGR of 1.30% between 2026 and 2035.
The market is estimated to witness healthy growth in the forecast period of 2026-2035 to reach a volume of around 204.83 Million Tons by 2035.
The different countries considered in the market report include Brazil, Mexico, and Argentina, among others.
The different cement products in the market include Portland and blended, among others.
The different end uses of cement are residential and non-residential.
The major market trends are growing retail construction in Peru, increasing investments in infrastructure development, and the growing shift towards net zero emissions.
Key players in the market are GCC, S.A.B. de C.V., Cemex, S.A.B. de C.V, Loma Negra Companía Industrial Argentina S.A., Holcim Ltd., CEMENTOS AVELLANEDA S.A., PCR S.A., Moctezuma Corporation, Grupo Argos, KOLCEM SAS, Unacem Perú S.A, and Cooperativa La Cruz Azul, among others.
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2025 |
| Historical Period | 2019-2025 |
| Forecast Period | 2026-2035 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Product |
|
| Breakup by End Use |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
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| Companies Covered |
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