The Chile construction market size reached approximately USD 32.10 Billion in 2024. The market is projected to grow at a CAGR of 5.00% between 2025 and 2034, reaching a value of around USD 52.29 Billion by 2034.

The value of the construction industry in Chile is forecasted to amount to approximately ** billion U.S. dollars in 2019, up from **** billion dollars a year earlier. The industry's value is expected to continue increasing in the following years, reaching **** billion dollars by 2021.

In 2024, the gross domestic product (GDP) of the construction industry in Chile increased noticeably. The size of the construction sector amounted to *** trillion Chilean pesos lower than in the previous year. The construction industry in Chile has increased significantly during the past years.

In 2018, the infrastructure segment was the largest in the construction industry in Chile, accounting for more than ** percent of the industry's value. Residential construction represented around **** percent of the value that year. The Chilean construction industry amounted to **** billion dollars in 2018 (based on constant 2010 prices).

The Latin America Construction Market is poised for substantial growth, projected to reach an estimated USD 675.99 million in 2025. This expansion is driven by robust economic development and increasing urbanization across the region. The market is expected to witness a Compound Annual Growth Rate (CAGR) of 5.00% from 2025 to 2033, indicating sustained momentum and significant opportunities. Key drivers fueling this growth include the escalating demand for residential and commercial infrastructure, spurred by a growing middle class and increased foreign investment. Furthermore, substantial investments in industrial projects and the energy and utilities sector, particularly in renewable energy infrastructure, are creating a strong pipeline of construction activities. Regions like Brazil and Mexico are expected to lead this expansion due to their large economies and ongoing development projects. The Latin America construction landscape is characterized by diverse segments, with Residential and Commercial construction anticipated to capture a significant market share due to evolving housing needs and expanding business activities. The Industrial segment is also set for considerable growth, driven by manufacturing expansion and the need for modern industrial facilities. While the overall outlook is positive, certain restraints such as fluctuating raw material prices and geopolitical instability in some sub-regions could present challenges. However, continuous technological advancements, adoption of sustainable construction practices, and strategic collaborations among major players like Sigdo Koppers, Mota-Engil, and Techint Ingeniería y construcción are expected to mitigate these challenges and pave the way for a dynamic and prosperous market over the forecast period. Key drivers for this market are: Increase in residential construction driving the market, Development of hospitality infrastructure driving the market. Potential restraints include: Limited access to financing, Shortage of skilled labor. Notable trends are: Increase in residential construction driving the market.

The construction industry in Chile is expected to grow by 11.7% this year, following a 14.1% decline in 2020. This compares to the previous projection of 10.4% growth this year. The upward revision is largely due to the low base impact of 2020, a higher vaccination rate and an increase in construction investments and output recorded in the first three quarters of 2021. According to the Banco Central de Chile, overall gross fixed capital formation in construction and other investments climbed by 10.6% in the first nine months of 2021, compared to an annual decline of 11.3% in 2020. In addition, the construction value add grew by 11.4% in the first three quarters of 2021. Read More

Graph and download economic data for Production: Industry: Total Industry Excluding Construction for Chile (CHLPRINTO01GYSAM) from Apr 1992 to Oct 2023 about Chile, construction, and production.

The South American anchors and grouts market, currently valued at approximately $XX million (estimated based on provided CAGR and market trends for a similar region), is projected to experience robust growth, exceeding a 5% Compound Annual Growth Rate (CAGR) from 2025 to 2033. This expansion is driven by several key factors. The burgeoning construction sector across South America, particularly in Brazil and Argentina, fueled by infrastructure development projects and increasing residential and non-residential construction activity, significantly boosts demand for anchors and grouts. Furthermore, the growing adoption of advanced construction techniques and materials, including high-performance resin-based fixing systems, is a major catalyst for market growth. While challenges such as economic fluctuations in some South American countries and potential material cost increases pose restraints, the overall positive growth trajectory is expected to continue. The market is segmented by type (cementitious, resin, bedding mortars, and others), end-user industry (residential, non-residential, infrastructure), and geography (Argentina, Brazil, Chile, and Rest of South America). Major players like BASF, Sika, and Henkel are actively competing in this market, driving innovation and product diversification. Brazil currently holds the largest market share within South America due to its substantial construction activity and economic influence. However, Argentina and Chile are also demonstrating significant potential for growth, driven by investment in infrastructure projects and increasing urbanization. The "Rest of South America" segment shows promise, reflecting the expanding construction activities across smaller economies. The market's future depends on sustained economic growth in the region, government infrastructure spending, and the continued adoption of advanced anchoring and grouting technologies. The market is expected to see an increased preference for resin-based products due to their superior performance characteristics in specific applications. This shift will drive further segmentation and specialization within the market. Recent developments include: In May 2022, Sika established a new manufacturing plant for construction chemicals in Santa Cruz de la Sierra, Bolivia, to enhance production capacity. This expansion is expected to increase the company's geographic presence in the regional market., In December 2021, Saint-Gobain and Cementos Argos agreed to develop mortar solutions as a joint venture. This joint venture merged Saint-Gobain's mortar technology with Argos' strong local presence to offer a vast range of solutions to the Colombian construction market.. Key drivers for this market are: Growing Demand for Anchors and Grouts from the Construction Industry, High Pressure on Existing Infrastructure due to Rising Population. Potential restraints include: Growing Demand for Anchors and Grouts from the Construction Industry, High Pressure on Existing Infrastructure due to Rising Population. Notable trends are: Growing Demand from the Non- Residential Segment.

The Latin America Residential Construction Market Report is Segmented by Type (Villas/Landed Houses and Condominiums/Apartments) and by Country (Mexico, Brazil, Argentina, Peru, Chile, Uruguay and Rest of Latin America). The Report Offers Market Size and Forecasts for the Latin America Residential Construction Market in Value (USD Billion) for all the Above Segments.

Chile CB: RE: FD: Construction Companies: Dynamism of Construction Sector data was reported at 25.000 NA in Mar 2019. This records a decrease from the previous number of 70.000 NA for Dec 2018. Chile CB: RE: FD: Construction Companies: Dynamism of Construction Sector data is updated quarterly, averaging -45.850 NA from Dec 2010 (Median) to Mar 2019, with 34 observations. The data reached an all-time high of 90.000 NA in Jun 2011 and a record low of -81.300 NA in Jun 2016. Chile CB: RE: FD: Construction Companies: Dynamism of Construction Sector data remains active status in CEIC and is reported by Central Bank of Chile. The data is categorized under Global Database’s Chile – Table CL.KB019: Bank Loan Survey.

The Latin American residential construction market, currently valued at approximately $XX million (estimated based on available data and market trends), is projected to experience steady growth with a Compound Annual Growth Rate (CAGR) of 4.50% from 2025 to 2033. This expansion is driven by several key factors. Firstly, increasing urbanization across the region is fueling demand for new housing, particularly in major metropolitan areas like Sao Paulo, Mexico City, and Buenos Aires. Secondly, a growing middle class with increased disposable income is creating a larger pool of potential homebuyers. Furthermore, government initiatives promoting affordable housing and infrastructure development in several Latin American countries are contributing positively to market growth. The market is segmented by housing type, including villas/landed houses, condominiums/apartments, and prefabricated homes, each catering to different consumer preferences and income levels. While prefabricated homes are gaining traction due to cost-effectiveness and faster construction times, the traditional villa and apartment segments continue to dominate the market. Growth, however, faces challenges like economic instability in certain regions, fluctuating material costs, and regulatory hurdles in obtaining construction permits. Competition amongst major players such as Hogares Eden S A de C V, Constructora VDZ SpA, and others, drives innovation and efficiency within the sector. The forecast period from 2025 to 2033 anticipates continued market expansion, despite potential headwinds. The consistent CAGR of 4.50% suggests a significant increase in market value by 2033. However, the market’s trajectory will depend significantly on macroeconomic stability, consistent government support, and the successful mitigation of construction challenges. Further segmentation analysis considering factors like building material type and technological advancements in construction methods will provide a more granular understanding of this dynamic market. Specific regional variations are expected, with countries experiencing robust economic growth exhibiting faster market expansion compared to those facing economic challenges. Continuous monitoring of these factors will be critical for accurately projecting future market performance. Recent developments include: January 2023: Modularis is set to break ground in May of 2023 for new residential development in Sao Paulo, Brazil, made possible by modular construction and will be comprised of two concrete floors with commercial spaces and 11 floors of modular apartments and is set to be complete by the end of the 2023., September 2022: A new Las Colinas housing community planned to bring about six dozen high-end homes next to the headquarters building for Fluor Corp. The more than 22-acre single-family home neighborhood is estimated to have a value of USD 140 million and will be constructed at Las Colinas and La Villita boulevards in Irving.. Notable trends are: Social Rental Drive.

The size of Chile's construction industry as a share of its gross domestic product (GDP) fell slightly in 2024. The relative size of construction activities in Chile amounted to less than *** percent of its GDP, which was significantly lower than before 2019. Meanwhile, Brazil's construction industry as a share of its GDP decreased after 2016.

Chile Construction Authorized: AB: Enlargement: Non Housing (NH): Industry, Commerce & Financial Establishments (IC) data was reported at 57,608.000 sq m in Jun 2019. This records a decrease from the previous number of 65,660.000 sq m for May 2019. Chile Construction Authorized: AB: Enlargement: Non Housing (NH): Industry, Commerce & Financial Establishments (IC) data is updated monthly, averaging 64,143.000 sq m from Jan 2019 (Median) to Jun 2019, with 6 observations. The data reached an all-time high of 140,384.000 sq m in Mar 2019 and a record low of 49,224.000 sq m in Feb 2019. Chile Construction Authorized: AB: Enlargement: Non Housing (NH): Industry, Commerce & Financial Establishments (IC) data remains active status in CEIC and is reported by National Institute of Statistics. The data is categorized under Global Database’s Chile – Table CL.EA005: Construction Authorized: Area Built: Enlargements: by Region.

The area authorized by building permits for new construction projects in Chile amounted to over ************ square meters in 2023. Most of that area whose construction was authorized was for residential buildings. This was also the lowest figure recorded in the country since 2008. Most of the construction surface authorized was destined for residential units.

Chile’s construction industry is estimated to have contracted by 18.8% in 2020, reflecting the sharp decline in activity during COVID-19 restrictions and the slow progress in the start of new projects, as well as the reactivation of those already underway before the pandemic. The decline in building permits and high unemployment levels are also expected to continue to hold back the recovery of the industry in the last three months of 2020. Read More

In 2024, the Chilean market for clays for construction and industrial use increased by 4.4% to $347K for the first time since 2021, thus ending a two-year declining trend. In general, consumption saw strong growth. Consumption of peaked at $731K in 2021; however, from 2022 to 2024, consumption stood at a somewhat lower figure.

Graph and download economic data for Infra-Annual Labor Statistics: Employment: Economic Activity: Industry (Including Construction): Total for Chile (LFEAICTTCLQ647S) from Q1 1986 to Q2 2025 about Chile, construction, employment, and industry.

The Guatemala construction market, valued at $3.5 billion in 2025, is projected to experience robust growth, driven by a Compound Annual Growth Rate (CAGR) of 7.87% from 2025 to 2033. This expansion is fueled by several key factors. Increased government investment in infrastructure projects, particularly in transportation and energy, is a significant driver. Furthermore, a growing population and rising urbanization are stimulating demand for residential and commercial construction. The tourism sector's continued development also contributes to the market's growth, leading to increased hotel and resort construction. While specific details on restraining factors are unavailable, potential challenges could include fluctuating material costs, skilled labor shortages, and economic volatility. The market is segmented into residential, commercial, industrial, institutional, infrastructure, and energy & utility construction, each contributing varying proportions to the overall market value. Major players like Corporacion San Francisco S.A., Doka, and CVG Itsa SA, along with several other prominent Guatemalan construction firms, are shaping the competitive landscape. The market's future trajectory will depend heavily on sustained economic growth, effective infrastructure development plans, and proactive measures to mitigate potential challenges. The projected growth trajectory indicates a significant expansion of the Guatemalan construction market over the forecast period. By 2033, the market is expected to reach a substantial size, reflecting the cumulative impact of the drivers mentioned above. The consistent CAGR suggests a predictable and promising outlook for investors and stakeholders in the construction sector. While the historical data (2019-2024) isn't explicitly provided, a reasonable assumption based on the 2025 market size and CAGR would indicate steady growth in the preceding years. Analyzing the specific segmental performance within the market would offer further insights into the most dynamic areas for investment and development. Understanding the interplay between government policy, economic stability, and private sector investment will be crucial in accurately predicting future trends. Recent developments include: May 2023: The Vicuña Mackenna 20 project represented a significant undertaking led by the University of Chile. Situated adjacent to Plaza Italia, this large-scale initiative is set to host the Faculty of Government, the Institute of International Studies, and the Centre for Artistic and Cultural Extension in the future. The Vicuña Mackenna 20 building, spanning over 32,000 m², boasts eight floors and five underground levels. Additionally, it features more than 1,500 meters of interior courtyards, concert halls, a dance hall, and rehearsal rooms dedicated to the Chilean Symphony Orchestra., February 2023: In a major business move, Doka, a prominent formwork supplier headquartered in Amstetten, Austria, completed the 100% acquisition of AT-PAC, a renowned scaffolding manufacturer. The collaboration between these two companies began in 2020, focusing on delivering comprehensive global site solutions. This strategic acquisition firmly establishes Doka as the sole provider of formwork and scaffolding in the worldwide construction industry, reinforcing the company's position in the newly established global business segment, "Industrial Scaffolding.". Key drivers for this market are: Increase in GDP contribution from Construction Industry, Increase in Number of Building Permits. Potential restraints include: High Initial Investments. Notable trends are: Increasing residential construction in the country is driving the market growth.

Chile NENE: Employed: ISIC Rev 4: Construction data was reported at 729.471 Person th in Mar 2025. This records a decrease from the previous number of 733.209 Person th for Feb 2025. Chile NENE: Employed: ISIC Rev 4: Construction data is updated monthly, averaging 730.003 Person th from Mar 2013 (Median) to Mar 2025, with 145 observations. The data reached an all-time high of 803.900 Person th in Nov 2019 and a record low of 496.059 Person th in Aug 2020. Chile NENE: Employed: ISIC Rev 4: Construction data remains active status in CEIC and is reported by National Institute of Statistics. The data is categorized under Global Database’s Chile – Table CL.G026: Employment: by Industry: NENE.

Construction investment in Chile is forecast to reach nearly ** trillion Chilean pesos in 2024. The figures for infrastructure increased by over a ******* Chilean pesos from 2022 to 2023. Infrastructure projects received more investment than any of the other segments. That was despite the fact that most of the new area authorized for construction in Chile was destined for housing.