Market Forecast by Countries (South Africa, Nigeria, Kenya, Rest of Africa), By Fiber Type (Carbon, Natural Fiber), By Resin Type (Polyester, Vinyl Ester, Polyethylene , Polypropylene), By Application (Industrial, Commercial, Housing , Civil) And Competitive Landscape
Product Code: ETC4603943 | Publication Date: Jul 2023 | Updated Date: Sep 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 300 | |
Report Name | Africa Construction Composites Market |
Forecast period | 2024-2030 |
CAGR | 8.2% |
Growing Sector | Construction |
The Africa Construction Composites market report thoroughly covers the market by fiber type, by resin type, by application and by countries. The report provides an unbiased and detailed analysis of the on-going market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
The Africa Construction Composites Market is projected to grow from approximately USD 300 million in 2024 to around USD 600 million by 2030, with a compound annual growth rate (CAGR) of 8.2% during this period. This growth is driven by increasing demand for lightweight, durable, and corrosion-resistant materials in construction applications, as well as the rising adoption of sustainable building practices. The expansion of infrastructure projects and the need for innovative materials that enhance energy efficiency and reduce maintenance costs are further propelling market expansion. Additionally, advancements in composite manufacturing technologies and the growing awareness of the benefits of composites over traditional materials are expected to significantly contribute to the growth of the construction composites market in Africa through 2030.
The Africa Construction Composites Market is witnessing significant growth driven by the increasing demand for durable and lightweight materials in construction. Composites, such as fiber-reinforced polymers (FRPs) and advanced composites, are being adopted for their superior strength-to-weight ratio, resistance to corrosion, and versatility in applications ranging from structural reinforcements to aesthetic finishes. The market is bolstered by rising infrastructure development, urbanization, and the need for sustainable building solutions across the continent. Moreover, innovations in composite materials and technologies, along with favorable government policies promoting green construction, are expected to further drive the market's expansion in the coming years.
According to 6Wresearch, Africa Construction Composites market size is projected to grow at a CAGR of 8.2% during 2024-2030. The growth of the Africa Construction Composites Market is primarily driven by several key factors. Rapid urbanization and infrastructure development across the continent increase the demand for advanced construction materials that offer enhanced performance and sustainability. The need for durable, lightweight, and corrosion-resistant materials to extend the lifespan of structures and reduce maintenance costs is boosting market growth. Additionally, government initiatives and incentives promoting green building practices and sustainable construction methods are further fueling demand. Technological advancements in composite materials, including improved manufacturing processes and innovative applications, are also contributing to the market's expansion.
Government initiatives in Africa are significantly supporting the growth of the Construction Composites Market through various measures. Many countries are implementing policies and regulations that promote sustainable construction practices and the use of eco-friendly materials. This includes incentives for projects that utilize advanced composites to improve energy efficiency and reduce environmental impact. Additionally, governments are investing in infrastructure development programs that prioritize modern construction techniques and materials, including composites. These efforts are often coupled with research and development grants to foster innovation in the industry, as well as training programs to enhance local expertise in composite technologies.
Key companies in the Africa Construction Composites Market include global leaders such as Sika AG, which offers a range of composite materials for construction applications, and BASF SE, known for its innovative construction solutions and composites. Other prominent players include Owens Corning, which provides advanced composite materials, and GFRP (Glass Fiber Reinforced Polymer) manufacturers like Strongwell Corporation. Additionally, local companies such as Sphinx Glass and Polycom have emerged as significant contributors to the market, supplying region-specific composite solutions and driving growth through tailored offerings and partnerships. These companies are actively engaged in expanding their product portfolios, investing in research and development, and collaborating on large-scale infrastructure projects across the continent.
Future insights into the Africa Construction Composites Market suggest continued robust growth driven by increasing infrastructure investments and rising urbanization. Advancements in composite technology, such as the development of more cost-effective and versatile materials, are expected to enhance the adoption of composites in construction. The growing emphasis on sustainability and energy efficiency will likely lead to greater integration of composites into green building projects. Additionally, expanding industrialization and the need for improved structural performance in harsh climates will drive demand for innovative composite solutions. As governments and private sector players continue to invest in research, development, and training, the market is poised for dynamic growth and increased regional innovation.
According to Ravi Bhandari, Research Head, 6Wresearch, in the Africa Construction Composites Market, applications span several key sectors including industrial, commercial, housing, and civil construction. Industrial applications leverage composites for their strength and durability in structures such as factory floors, industrial tanks, and pipelines. In the commercial sector, composites are used in facade panels, roofing systems, and interior design elements due to their aesthetic flexibility and resistance to environmental wear. Housing applications include composite materials in residential buildings for both structural reinforcement and decorative finishes, providing enhanced durability and energy efficiency. In civil construction, composites are increasingly used for bridge repairs, road reinforcements, and infrastructure upgrades, offering solutions that address challenges like corrosion and load-bearing capacity while extending the lifespan of critical infrastructure.
In the Africa Construction Composites Market, key countries driving growth include South Africa, Nigeria, Egypt, Kenya, and Morocco. South Africa leads with its advanced infrastructure projects and significant industrial base, making it a major consumer of construction composites. Nigeria's rapid urbanization and expanding construction sector also fuel demand for durable composite materials. Egypt's ongoing investments in infrastructure and housing developments highlight its role in the market, while Kenya and Morocco are emerging as important players due to their growing construction activities and supportive government policies promoting sustainable building practices. These countries are at the forefront of adopting and integrating advanced composite technologies into various construction applications.
The Africa Construction Composites market report provides a detailed analysis of the following market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Africa Construction Composites Market Overview |
3.1 Africa Regional Macro Economic Indicators |
3.2 Africa Construction Composites Market Revenues & Volume, 2020 & 2030F |
3.3 Africa Construction Composites Market - Industry Life Cycle |
3.4 Africa Construction Composites Market - Porter's Five Forces |
3.5 Africa Construction Composites Market Revenues & Volume Share, By Countries, 2020 & 2030F |
3.6 Africa Construction Composites Market Revenues & Volume Share, By Fiber Type, 2020 & 2030F |
3.7 Africa Construction Composites Market Revenues & Volume Share, By Resin Type, 2020 & 2030F |
3.8 Africa Construction Composites Market Revenues & Volume Share, By Application, 2020 & 2030F |
4 Africa Construction Composites Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Africa Construction Composites Market Trends |
6 Africa Construction Composites Market, 2020 - 2030 |
6.1 Africa Construction Composites Market, Revenues & Volume, By Fiber Type, 2020 - 2030 |
6.2 Africa Construction Composites Market, Revenues & Volume, By Resin Type, 2020 - 2030 |
6.3 Africa Construction Composites Market, Revenues & Volume, By Application, 2020 - 2030 |
7 South Africa Construction Composites Market, 2020 - 2030 |
7.1 South Africa Construction Composites Market, Revenues & Volume, By Fiber Type, 2020 - 2030 |
7.2 South Africa Construction Composites Market, Revenues & Volume, By Resin Type, 2020 - 2030 |
7.3 South Africa Construction Composites Market, Revenues & Volume, By Application, 2020 - 2030 |
8 Nigeria Construction Composites Market, 2020 - 2030 |
8.1 Nigeria Construction Composites Market, Revenues & Volume, By Fiber Type, 2020 - 2030 |
8.2 Nigeria Construction Composites Market, Revenues & Volume, By Resin Type, 2020 - 2030 |
8.3 Nigeria Construction Composites Market, Revenues & Volume, By Application, 2020 - 2030 |
9 Kenya Construction Composites Market, 2020 - 2030 |
9.1 Kenya Construction Composites Market, Revenues & Volume, By Fiber Type, 2020 - 2030 |
9.2 Kenya Construction Composites Market, Revenues & Volume, By Resin Type, 2020 - 2030 |
9.3 Kenya Construction Composites Market, Revenues & Volume, By Application, 2020 - 2030 |
10 Rest of Africa Construction Composites Market, 2020 - 2030 |
10.1 Rest of Africa Construction Composites Market, Revenues & Volume, By Fiber Type, 2020 - 2030 |
10.2 Rest of Africa Construction Composites Market, Revenues & Volume, By Resin Type, 2020 - 2030 |
10.3 Rest of Africa Construction Composites Market, Revenues & Volume, By Application, 2020 - 2030 |
11 Africa Construction Composites Market Key Performance Indicators |
12 Africa Construction Composites Market - Opportunity Assessment |
12.1 Africa Construction Composites Market Opportunity Assessment, By Countries, 2020 & 2030F |
12.2 Africa Construction Composites Market Opportunity Assessment, By Fiber Type, 2020 & 2030F |
12.3 Africa Construction Composites Market Opportunity Assessment, By Resin Type, 2020 & 2030F |
12.4 Africa Construction Composites Market Opportunity Assessment, By Application, 2020 & 2030F |
13 Africa Construction Composites Market - Competitive Landscape |
13.1 Africa Construction Composites Market Revenue Share, By Companies, 2023 |
13.2 Africa Construction Composites Market Competitive Benchmarking, By Operating and Technical Parameters |
14 Company Profiles |
15 Recommendations |
16 Disclaimer |