Mexico Building Materials Market

Mexico Building Materials Market Overview:

The Mexico building materials market size reached USD 19,354.55 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 28,295.44 Million by ​2033​, exhibiting a growth rate (CAGR) of 4.31% during 2025-2033. The rise in foreign direct investments (FDI), specifically in industries such as automotive, electronics, and aerospace, is impelling the market growth. Moreover, increase in infrastructure and urbanization projects is driving the demand for construction materials. This trend, along with the growing focus on sustainability and energy efficiency in construction practices, is expanding the Mexico building materials market share.

Mexico Building Materials Market Trends:

Expanding Infrastructure and Urbanization Projects

Mexico is currently experiencing a rise in infrastructure and urbanization projects, which is playing a major role in driving the demand for construction materials. The Government is investing heavily in megaprojects like the Mayan Train, Felipe Ángeles International Airport, and Dos Bocas refinery. These projects require cement, steel, aggregates, and high-tech construction materials. In addition, urbanized projects are increasing as the number of individuals are moving to cities such as Mexico City, Monterrey, and Guadalajara to seek improved economic prospects. It is enhancing domestic, commercial, and industrial construction activities with a commensurate increase in the consumption of materials such as concrete, glass, ceramics, and prefabricated modules. Developers are also targeting vertical housing options to maximize space in dense city areas, hence creating the need for high-performance materials. In 2024, the Mexican government said it would make an investment plan of MXN 600 billion ($30.2 billion) to construct over one million social interest houses over the six-year term of President Claudia Sheinbaum. This government policy translates into an average investment of $5.0 billion and the construction of over 170,000 social interest residences on average annually.

Rising Foreign Direct Investment (FDI) and Manufacturing Expansion

Foreign direct investments (FDI) are growing in Mexico, specifically in industries such as automotive, electronics, and aerospace, driving the development of new manufacturing plants and industrial parks. In 2024, Mexico created a new record by attracting $36.87 billion in Foreign Direct Investment (FDI), projecting a 2.3% increment from 2023 records. Foreign companies are now opening operations in northern areas and along the US border because of nearshoring tendencies, resulting in increased demand for industrial buildings and warehouses. While these establishments are being put up, demands for steel frame structures, roof systems, insulation, and green building products are continuously rising. Moreover, the construction of logistics centers that cater to the industries is equally enhancing the chain of building products. Investors also see Mexico as a strategic investment location because it has trade pacts and borders North America, which is in turn increasing additional construction activity and fueling the Mexico building materials market growth.

Growing Focus on Sustainable and Energy-Efficient Construction

The growing focus on sustainability and energy efficiency in construction practices is offering a favorable market outlook. Developers, government agencies, and end-users are increasingly adopting green building standards like. As energy costs are rising and environmental concerns are escalating, there is heightened demand for eco-friendly materials such as recycled concrete, low-emission paints, energy-efficient insulation, and solar-reflective roofing products. Manufacturers are innovating to produce building materials that reduce carbon footprints while maintaining structural integrity. Additionally, the government is promoting renewable energy integration in new buildings, which is catalyzing the demand for photovoltaic panels and green roofing systems. This shift towards sustainable construction is not only shaping new residential and commercial projects but is also driving retrofitting and renovation activities across older structures. For example, Holcim México has avoided 1.7Mt of CO₂ emissions in housing and infrastructure developments across the country during 2024, a press release says, through its ECOPact, ECOPlanet, and ECOCycle sustainable offerings. Holcim's ECOPact low-carbon concrete saves at least 30% of CO₂ emissions and accounts for 15% of its concrete sales, with a goal of 27% by 2027.

Mexico Building Materials Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country and regional levels for 2025-2033. Our report has categorized the market based on type and application.

Type Insights:

• Aggregates 
• Cement 
• Bricks 
• Others 

The report has provided a detailed breakup and analysis of the market based on the type. This includes aggregates, cement, bricks, and others.

Application Insights:

• Residential
• Commercial
• Industrial

A detailed breakup and analysis of the market based on the application have also been provided in the report. This includes residential, commercial, and industrial.

Regional Insights:

• Northern Mexico
• Central Mexico
• Southern Mexico
• Others

The report has also provided a comprehensive analysis of all the major regional markets, which include Northern Mexico, Central Mexico, Southern Mexico, and others.

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

Mexico Building Materials Market Report Coverage:

Key Questions Answered in This Report:

• How has the Mexico building materials market performed so far and how will it perform in the coming years?
• What is the breakup of the Mexico building materials market on the basis of type?
• What is the breakup of the Mexico building materials market on the basis of application?
• What is the breakup of the Mexico building materials market on the basis of region?
• What are the various stages in the value chain of the Mexico building materials market? 
• What are the key driving factors and challenges in the Mexico building materials market?
• What is the structure of the Mexico building materials market and who are the key players?
• What is the degree of competition in the Mexico building materials market? 

Key Benefits for Stakeholders:

• IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the Mexico building materials market from 2019-2033.
• The research report provides the latest information on the market drivers, challenges, and opportunities in the Mexico building materials market.
• Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the Mexico building materials industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.