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
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
The 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.
Scope
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
Reasons to Buy
- 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 the analyst's critical and actionable insight
- Assess business risks, including cost, regulatory and competitive pressures
- Evaluate competitive risk and success factors
Table of Contents
1 Executive Summary2 Construction Industry: At-a-Glance6 Construction Market Data
3 Context
4 Construction Outlook
5 Key Industry Participants
7 Appendix
List of Tables
List of Figures
