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A report by Timetric’s Construction Intelligence Center (CIC) found the total value of industrial construction in the Americas stands at $542.6 billion, with the United States accounting for $297 billion.
The United States is ahead in most categories apart from metal and material processing and production plants. The chemical and pharmaceutical plant sub-sector dominates with projects valued at $170.8 billion. Manufacturing is in second place with a pipeline valued at $162.9 billion and metal and material production plants are valued at $87.9 billion, while the processing plants are at $78.8 billion. The United States ties Brazil for the highest value of manufacturing plant construction projects.
Brazil is a strong player overall, accounting for $126.8 billion. Canada is in third place for its investment in industrial construction projects, but was affected by the fall in oil prices, which resulted in a decline in related processing and manufacturing investment. However, the country did come in second in metal and material processing plants.
“Although the United States leads the value of industrial construction, the value of its industrial production has a lower proportion of the total gross domestic product (GDP) compared to other countries in the region,” said Neil Martin, CIC manager. “For example, Brazil has 23 per cent of its total output from industrial production, while Bolivia has 38 per cent of its economy being largely based on industrial production.”
