Argentina Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis to 2029 (Q3 2025)
Description
Argentina Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis to 2029 (Q3 2025)
Summary
The construction industry in Argentina is expected to expand by 6% in real terms in 2025 as inflation cools, the Argentinian Peso stabilizes, and inward FDI flows spike. Accordingly, the total area authorized for building permits by 246 municipalities grew by 4.3% year-on-year (YoY) in January-April 2025, according to the National Institute of Statistics and Censuses (INDEC). Furthermore, building permit approved rose 5.2% MoM in June and 24% YoY; the fastest pace in three decades. However, President Javier Milei’s aggressive austerity measures have caused suspensions on several federal infrastructure projects, still being heavily dependent on private investment and International Monetary Fund (IMF) support to construct major transport infrastructure projects. Moreover, US tariffs will continue to weigh on construction output in the short term, with the prices of key construction materials like steel, aluminum, and copper likely to remain volatile. In August 2025, President Trump confirmed that the US will maintain its current 10% tariff on Argentina under a new executive order that revised tariff policies for various countries.
The industry is expected to register an annual average growth rate of 4.9% between 2026 and 2029, supported by investments in renewable energy, and oil and gas infrastructure projects. The government aims to increase the share of renewable energy in the total energy mix to 57% by 2030, from 37% in 2023. Moreover, under the country’s Argentine Nuclear Plan, launched in December 2024, Small Modular Reactor (SMR) at the Atucha Nuclear Power Plant will be constructed in phases by 2030. Growth will also be supported by the National Hydrogen Strategy (ENH), under which, the government plans to invest ARS165.3 trillion ($90 billion) to produce at least five million tons (Mt) of low-emission hydrogen per year by 2050
GlobalData’s Construction in Argentina - Key Trends and Opportunities to 2029 (Q3 2025) report provides detailed market analysis, information, and insights into the Argentine construction industry, including -
This report provides a comprehensive analysis of the construction industry in Argentina. It provides -
Summary
The construction industry in Argentina is expected to expand by 6% in real terms in 2025 as inflation cools, the Argentinian Peso stabilizes, and inward FDI flows spike. Accordingly, the total area authorized for building permits by 246 municipalities grew by 4.3% year-on-year (YoY) in January-April 2025, according to the National Institute of Statistics and Censuses (INDEC). Furthermore, building permit approved rose 5.2% MoM in June and 24% YoY; the fastest pace in three decades. However, President Javier Milei’s aggressive austerity measures have caused suspensions on several federal infrastructure projects, still being heavily dependent on private investment and International Monetary Fund (IMF) support to construct major transport infrastructure projects. Moreover, US tariffs will continue to weigh on construction output in the short term, with the prices of key construction materials like steel, aluminum, and copper likely to remain volatile. In August 2025, President Trump confirmed that the US will maintain its current 10% tariff on Argentina under a new executive order that revised tariff policies for various countries.
The industry is expected to register an annual average growth rate of 4.9% between 2026 and 2029, supported by investments in renewable energy, and oil and gas infrastructure projects. The government aims to increase the share of renewable energy in the total energy mix to 57% by 2030, from 37% in 2023. Moreover, under the country’s Argentine Nuclear Plan, launched in December 2024, Small Modular Reactor (SMR) at the Atucha Nuclear Power Plant will be constructed in phases by 2030. Growth will also be supported by the National Hydrogen Strategy (ENH), under which, the government plans to invest ARS165.3 trillion ($90 billion) to produce at least five million tons (Mt) of low-emission hydrogen per year by 2050
GlobalData’s Construction in Argentina - Key Trends and Opportunities to 2029 (Q3 2025) report provides detailed market analysis, information, and insights into the Argentine construction industry, including -
- The Argentine construction industry's growth prospects by market, project type and construction activity
- Critical insight into the impact of industry trends and issues, as well as an analysis of key risks and opportunities in the Argentine construction industry
- Analysis of the mega-project pipeline, focusing on development stages and participants, in addition to listings of major projects in the pipeline.
This report provides a comprehensive analysis of the construction industry in Argentina. It provides -
- Historical (2020-2024) and forecast (2025-2029) valuations of the construction industry in Argentina, featuring details of key growth drivers.
- Segmentation by sector (commercial, industrial, infrastructure, energy and utilities, institutional and residential) and by sub-sector
- Analysis of the mega-project pipeline, including breakdowns by development stage across all sectors, and projected spending on projects in the existing pipeline.
- Listings of major projects, in addition to details of leading contractors and consultants
- Identify and evaluate market opportunities using our standardized valuation and forecasting methodologies
- Assess market growth potential at a micro-level with over 600 time-series data forecasts
- Understand the latest industry and market trends
- Formulate and validate business strategies using GlobalData's critical and actionable insight
- Assess business risks, including cost, regulatory and competitive pressures
- Evaluate competitive risk and success factors
Table of Contents
53 Pages
- 1 Executive Summary
- 2 Construction Industry: At-a-Glance
- 3 Context
- 3.1 Economic Performance
- 3.2 Political Environment and Policy
- 3.3 Demographics
- 3.4 Risk Profile
- 4 Construction Outlook
- 4.1 All Construction
- Outlook
- Latest news and developments
- Construction Projects Momentum Index
- 4.2 Commercial Construction
- Outlook
- Project analytics
- Latest news and developments
- 4.3 Industrial Construction
- Outlook
- Project analytics
- Latest news and developments
- 4.4 Infrastructure Construction
- Outlook
- Project analytics
- Latest news and developments
- 4.5 Energy and Utilities Construction
- Outlook
- Project analytics
- Latest news and developments
- 4.6 Institutional Construction
- Outlook
- Project analytics
- Latest news and developments
- 4.7 Residential Construction
- Outlook
- Project analytics
- Latest news and developments
- 5 Key Industry Participants
- 5.1 Contractors
- 5.2 Consultants
- 6 Construction Market Data
- 7 Appendix
- 7.1 What is this Report About?
- 7.2 Definitions
- 7.3 CRI Methodology
- 8 About GlobalData
- 9 Contact Us
- List of Tables
- Table 1: Construction Industry Key Data
- Table 2: Argentina, Key Economic Indicators
- Table 3: Argentina, Construction Input Index (2004=100, % Change YoY)
- Table 4: Argentina, Commercial Construction Output by Project Type (Real % Change), 2020–29
- Table 5: Argentina, Top Commercial Construction Projects by Value
- Table 6: Argentina, Industrial Construction Output by Project Type (Real % Change), 2020–29
- Table 7: Argentina, Top Industrial Construction Projects by Value
- Table 8: Argentina, Infrastructure Construction Output by Project Type (Real % Change), 2020-29
- Table 9: Argentina, Top Infrastructure Construction Projects by Value
- Table 10: Argentina, Energy and Utilities Construction Output by Project Type (Real % Change), 2020-29
- Table 11: Argentina, Top Energy and Utilities Construction Projects by Value
- Table 12: Argentina, Institutional Construction Output by Project Type (Real % Change), 2020-29
- Table 13: Argentina, Top Institutional Construction Projects by Value
- Table 14: Argentina, Residential Construction Output by Project Type (Real % Change), 2020-29
- Table 15: Argentina, Top Residential Construction Projects by Value
- Table 16: Argentina, Key Contractors
- Table 17: Argentina, Key Consultants
- Table 18: Argentina, Construction Output Value (Real, $ Million)
- Table 19: Argentina, Construction Output Value (Nominal, ARS Billion)
- Table 20: GlobalData Construction Market Definitions `
- Table 21: Risk Dimensions
- Table 22: Ratings, Scores and Definitions
- List of Figures
- Figure 1: Latin America, Construction Output (Real % Change), 2023–29
- Figure 2: Argentina, Construction Output by Sector (Real % Change), 2023–25 and 2026–29
- Figure 3: Argentina, Risk Summary
- Figure 4: Argentina, Risk Regional Comparison
- Figure 5: Argentina, Construction Output Value (Real, $ Million, 2022 Prices and Exchange Rate), 2020–29
- Figure 6: Argentina, Construction Output Value, by Sector (Real, $ Million), 2020–29
- Figure 7: Argentina, Construction Value-add (ARS Million, 2004 Constant Prices)
- Figure 8: Argentina, Synthetic Indicator of Construction Activity (2004=100)
- Figure 9: Argentina, Total Area Authorized for Building Permits (In thousand m2)
- Figure 10: Argentina, Gross Fixed Capital Formation, in ARS Million
- Figure 11: Argentina, Number of Workers Registered in the Construction Industry
- Figure 12: Argentina, Construction Input Index for Portland Cement (2004=100)
- Figure 13: Argentina, Construction Cost Index in Greater Buenos Aires (2022=100)
- Figure 14: Argentina, Construction Projects Momentum Index
- Figure 15: Latin America, Construction Projects Momentum Index
- Figure 16: Argentina, Commercial Construction Output by Project Type (Real, $ Million), 2020–29
- Figure 17: Argentina, Commercial Construction Projects Pipeline, Value by Stage ($ Million)
- Figure 18: Argentina, Total Foreign Tourist Arrivals (In Thousands)
- Figure 19: Argentina, Wholesale and Retail Value-add (ARS Million, 2004 Constant Prices)
- Figure 20: Argentina, Hotels and Restaurants Value-add (ARS Million, 2004 Constant Prices)
- Figure 21: Argentina, Total Retail Sales (ARS Million, December 2016 Constant Prices)
- Figure 22: Argentina, Industrial Construction Output by Project Type (Real, $ Million), 2020–29
- Figure 23: Argentina, Industrial Construction Projects Pipeline, Value by Stage ($ Million)
- Figure 24: Argentina, Manufacturing Industry Value-add (ARS Million, 2004 Constant Prices)
- Figure 25: Argentina, Manufacturing Production Index (2004=100)
- Figure 26: Argentina, Total Export Value ($ Million)
- Figure 27: Argentina, Production and Exports of Automobiles and Light Commercial Vehicles (In Units)
- Figure 28: Argentina, Infrastructure Construction Output by Project Type (Real, $ Million), 2020-29
- Figure 29: Argentina, Infrastructure Construction Projects Pipeline, Value by Stage ($ Million)
- Figure 30: Argentina, Energy and Utilities Construction Output by Project Type (Real, $ Million), 2020-29
- Figure 31: Argentina, Energy and Utilities Construction Projects Pipeline, Value by Stage ($ Million)
- Figure 32: Argentina, Electricity, Gas, and Water Sector Value-add (ARS Million, 2004 Constant Prices)
- Figure 33: Argentina, Net Electricity Generation (GWh)
- Figure 34: Argentina, Institutional Construction Output by Project Type (Real, $ Million), 2020-29
- Figure 35: Argentina, Institutional Construction Projects Pipeline, Value by Stage ($ Million)
- Figure 36: Argentina, Education Value-add (ARS Million, 2004 Constant Prices)
- Figure 37: Argentina, Social and Health Services Value-add (ARS Million, 2004 Constant Prices)
- Figure 38: Argentina, Residential Construction Output by Project Type (Real, $ Million), 2020-29
- Figure 39: Argentina, Residential Construction Projects Pipeline, Value by Stage ($ Million)
- Figure 40: Argentina, Real Estate, Business, and Rental Activities Value-add (ARS Million, 2004 Constant Prices)
- Figure 41: Argentina, Headquarters of Key Contractors (% of Total Project Pipeline)
- Figure 42: Argentina, Headquarters of Key Consultants (% of Total Project Pipeline)
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