Market Growth Outlook
Africa construction materials market is likely to witness growth in the upcoming years. The demand for advanced materials is increasing globally due to rapid industrialization across Africa. The increasing number of infrastructural projects along with huge investments on projects like hotels, airports, cafes, shopping malls, hospitals, etc. Hence, these factors are fuelling the growth of the construction materials market. However, the COVID-19 Pandemic is the global restrain for the construction materials market.
Market Size and Opportunities
According to research, the Africa Construction Materials Market size is anticipated to register growth during 2021-2027. Africa construction materials market is the target destination for most large economies. This is because of accruing benefits such as the availability of huge natural resources, huge investment opportunities in infrastructure, cheap labour, and a fast-growing consumer market.
Investments Driving Growth
Nigeria, Kenya, Ethiopia, and Zambia have received large funds from China for railways. This investment is expected to drive market growth in the coming years. The benefits include abundant natural resources, major infrastructure opportunities, cheap labour, and a fast‑growing consumer market.
The major key players in Africa Region are China Communications and construction Group LTD, VINCI, BOUYGUES, TECHNIPFMC, China Railway Construction Corp. LTD. Upcoming construction projects in developing countries will boost the product market soon. These projects span 40 countries across Africa.
Egypt is the single country having the most projects with 46 projects i.e 17% of the continent’s value, edging out South Africa and Nigeria respectively. As a sector, the Transport construction sector has 186 projects 22.7% of the total project value. The major modifications adopted by African regions are safety of labour, modern infrastructure.
The Africa Construction Materials Market report covers applications, product types, and key countries such as Nigeria, South Africa, Kenya, and the rest of Africa. The outlook report offers an unbiased analysis of ongoing trends, high‑growth areas, and market drivers. This helps stakeholders devise and align strategies with current and future market dynamics. Building materials are substances used for construction. Many natural materials, including clay, rocks, sand, wood, twigs, and leaves, have long been used to build structures.
Apart from naturally occurring materials, many man-made products are in use, some more and some less synthetic. Africa Construction Materials Market Outlook Market Size of Africa Construction Materials Market, 2020Forecast of Africa Construction Materials Market, 2027. Historical Data and Forecast of Africa Construction Materials Revenues & Volume for the Period 2017 – 2027. Africa Construction Materials Market Trend Evolution, Drivers and Challenges, Construction Materials Price Trends, Materials Porter’s Five Forces, Industry Life Cycle. Markets Covered the Market Report includes the following segments:
Product Type: Construction Aggregates, Concrete Bricks, Cement, and Construction Metals
Application: Residential, Commercial, and Industrial
Countries: South Africa, Kenya, Nigeria, and Rest of Africa
Key Performance Indicators
- Import Export Trade Statistics
- Opportunity Assessment By Countries
- Opportunity Assessment By Product type
- Opportunity Assessment By Application
- Top Companies Market Share
- Top Companies Profiles
- Comparison of Players in Technical and Operating Parameters
- Strategic Recommendations
Egypt is the single country having the most projects with 46 projects 17% of the continent’s value, edging out South Africa and Nigeria respectively. As a sector, the Transport construction sector has 186 projects 22.7% of the total project value. The major modifications adopted by African regions are safety of labour, modern infrastructure. This is because of accruing benefits such as the availability of huge natural resources, huge investment opportunities in infrastructure, cheap labour, and a fast-growing consumer market. Nigeria, Kenya, Ethiopia, and Zambia has received relatively large funds from China for railways and this is, yet, anticipated to be another growth proliferating factor for the market in the coming time zone.
This is because of accruing benefits such as the availability of huge natural resources, huge investment opportunities in infrastructure, cheap labour, and a fast-growing consumer market. Nigeria, Kenya, Ethiopia, and Zambia has received relatively large funds from China for railways and this is, yet, anticipated to be another growth proliferating factor for the market in the coming time zone.
