Sub-Saharan Africa Cement Market Outlook
According to a new report by Expert Market Research titled, “Sub-Saharan Africa Cement Market Size, Share, Analysis, Report and Forecast 2024-2032″, is projected to grow at a CAGR of around 3.10% between 2024 and 2032. Aided by the increasing urbanisation and infrastructural development and various favourable government policies, the market is expected to grow significantly by 2032.
Cement, a crucial component in the construction industry, is an indispensable part of projects ranging from small household repairs to grand infrastructure development. The material is critical for the strength and durability of structures. Cement plays an instrumental role in economic development as its production often mirrors the growth trajectory of a nation.
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The increasing urbanisation and population growth in the Sub-Saharan region have led to an upsurge in housing demand, propelling the Sub-Saharan Africa cement market expansion. Governments and private sector players are investing in large-scale housing projects to accommodate the rapidly growing urban populations. This growth in the real estate sector is a primary driver of cement consumption.
The Sub-Saharan Africa cement market growth is also boosted by an escalating demand for infrastructure development. Governments across the region are focusing on improving infrastructure, such as roads, bridges, and public buildings, to enhance their nations’ economic prospects. Furthermore, large-scale projects like dams and power plants are providing impetus to the cement industry.
The versatility of cement and its applications across various industries is another significant factor contributing to the Sub-Saharan Africa cement market development. For instance, in the water treatment industry, cement is extensively used in constructing water treatment plants. Similarly, the mining industry employs cement for mine safety purposes, reinforcing tunnels, and backfilling mine stopes.
Moreover, a surge in development projects in rural areas is aiding the Sub-Saharan Africa cement market growth. The governments of Sub-Saharan countries are focusing on rural development and are therefore investing in rural infrastructure, such as rural roads and community buildings, which is driving the demand for cement.
Lastly, the increasing focus on sustainable and environment-friendly construction materials has led to innovations in the cement industry. Companies are developing green cement, which reduces carbon footprint and conserves natural resources. This shift towards sustainable development is anticipated to open new avenues for Sub-Saharan Africa cement market development.
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Sub-Saharan Africa Cement Market Segmentation
The market can be divided based on type, end use, and country.
Market Breakup by Type
- Blended
- Portland
- Others
Market Breakup by End Use
- Residential
- Commercial/Institutional/Industrial
- Infrastructural
Market Breakup by Country
- Nigeria
- South Africa
- Kenya
- Ghana
- Botswana
- Zimbabwe
- Rwanda
- Democratic Republic of the Congo
- Others
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the Sub-Saharan Africa cement companies. Some of the major key players explored in the report by Expert Market Research are as follows:
- Dangote Cement Plc
- Holcim Ltd
- Bua Cement plc
- Vicat Group
- PPC Group
- AfriSam
- InterCement South Africa (NPC)
- Kwikbuild Cement
- Cemza (pty) Ltd
- Mombasa Cement Limited
- Others
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