Market Forecast by Countries (South Africa, Nigeria, Kenya, and Rest of Africa), By Product Type (Construction aggregates, Concrete bricks, Cement, Construction metals), By Application (Residential, Commercial, Industrial) And Competitive Landscape
Product Code: ETC056039 | Publication Date: Nov 2023 | Updated Date: Jan 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Africa Construction Materials Market report thoroughly covers the market by country, by application, and by product type. The market outlook report provides an unbiased and detailed analysis of the ongoing 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.
Africa Construction Materials Market is witnessing an unprecedented level of growth, mainly driven by a rapidly growing population, urbanization, and a growing middle class. Countries such as Nigeria, South Africa, Egypt, and Ethiopia are the top construction markets, accounting for over 60% of the market share. The demand for construction materials such as cement, steel, and bricks are increasing due to the rising construction activities in the region. The continent has become a hub for investment opportunities, attracting both local and foreign investors to construct commercial and residential buildings, roads, and bridges. As a result, the construction materials market is predicted to grow significantly in the coming years.
According to 6Wresearch, the Africa Construction Materials Market size is estimated to register a CAGR of 6.8% during the forecast period 2024-2030. The increasing demand for construction materials is driven by several factors, notably, rapid urbanization, increasing investment in infrastructure development, and a growing population. The African urban population is expected to double to 1.2 billion by 2050, increasing the need for affordable housing, commercial buildings, and infrastructure. Additionally, the African Continental Free Trade Area (AfCFTA) agreement is expected to increase trade between African countries, creating more construction opportunities, and increasing the demand for construction materials, contributing to the Africa Construction Materials Market growth. Despite the growth prospectives, market faces several challenges such as inadequate infrastructure, lack of availability of cost-efficient building materials, corruption, and unstable political conditions. On the other hand, some trends are securing a promising growth of the market such as growth in modular construction, rising technological advancements, and rise in urbanization.
Governments in Africa are taking significant steps to boost the construction industry, leading to increased Africa Construction Materials Market share. For instance, the Nigerian government launched the National Housing Programme to provide affordable housing for citizens, South Africa’s Infrastructure Development Bill aims at developing infrastructure and construction technology, and Tanzania’s Affordable Housing Programme provides housing opportunities to low-income earners. Government initiatives such as these have helped increase the demand for construction materials in the region.
The Africa construction materials market has numerous players mentioned below:
These companies have a significant market share in the region, primarily due to their wide range of high-quality construction materials that meet the standards of the region.
According to Dhaval, Research Manager, 6Wresearch, the industrial industry is experiencing the most significant surge in demand for the construction of production facilities, warehouses, and factories, resulting in a rising demand for materials.
Based on the country, South Africa is the only growing country in the Africa construction materials market. The country's steady growth can be attributed to favourable government policies, infrastructure development programs, and increased investment in urbanization and social value.
The report offers a comprehensive study of the subsequent 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 Materials Market Overview |
3.1 Africa Country Macro Economic Indicators |
3.2 Africa Construction Materials Market Revenues & Volume, 2020 & 2030F |
3.3 Africa Construction Materials Market - Industry Life Cycle |
3.4 Africa Construction Materials Market - Porter's Five Forces |
3.5 Africa Construction Materials Market Revenues & Volume Share, By Product type 2023 & 2030F |
3.6 Africa Construction Materials Market Revenues & Volume Share, By Application, 2023 & 2030F |
4 Africa Construction Materials Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Africa Construction Materials Market Trends |
6 Africa Construction Materials Market, By Types |
6.1 Africa Construction Materials Market, By Product type |
6.1.1 Overview and Analysis |
6.1.2 Africa Construction Materials Market Revenues & Volume, By Product type 2020 - 2030F |
6.1.3 Africa Construction Materials Market Revenues & Volume, By Construction aggregates, 2020 - 2030F |
6.1.4 Africa Construction Materials Market Revenues & Volume, By Concrete bricks, 2020 - 2030F |
6.1.5 Africa Construction Materials Market Revenues & Volume, By Cement, 2020 - 2030F |
6.1.6 Africa Construction Materials Market Revenues & Volume, By Construction metals, 2020 - 2030F |
6.2 Africa Construction Materials Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Africa Construction Materials Market Revenues & Volume, By Residential, 2020 - 2030F |
6.2.3 Africa Construction Materials Market Revenues & Volume, By Commercial, 2020 - 2030F |
6.2.4 Africa Construction Materials Market Revenues & Volume, By Industrial, 2020 - 2030F |
7 Africa Construction Materials Market Import-Export Trade Statistics |
7.1 Africa Construction Materials Market Export to Major Countries |
7.2 Africa Construction Materials Market Imports from Major Countries |
8 Africa Construction Materials Market Key Performance Indicators |
9 Africa Construction Materials Market - Opportunity Assessment |
9.1 Africa Construction Materials Market Opportunity Assessment, By Product type 2023 & 2030F |
9.2 Africa Construction Materials Market Opportunity Assessment, By Application, 2023 & 2030F |
10 Africa Construction Materials Market - Competitive Landscape |
10.1 Africa Construction Materials Market Revenue Share, By Companies, 2023 |
10.2 Africa Construction Materials Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
Market Forecast by Countries (South Africa, Nigeria, Kenya, and Rest of Africa), By Product Type (Construction aggregates, Concrete bricks, Cement, Construction metals), By Application (Residential, Commercial, Industrial) And Competitive Landscape
Product Code: ETC056039 | Publication Date: Mar 2023 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 30 |
Africa Construction Materials Market is projected to grow over the coming years. Africa Construction Materials Market is a part of our various regional publications globally. 6W tracks Construction Materials Market for over 60 countries with individual country-wise market opportunity assessments and publishes the report titled Global Construction Materials Market outlook report annually.
Africa Construction Materials Market is expected to grow steadily due to rising construction activities across the continent. Generally, concrete is the most widely used construction material in Africa. Several major cement manufacturers were expanding their operations in Africa to meet the demand for construction materials. In addition, there was a growing trend towards sustainable construction practices which leads to an increased demand for eco-friendly construction materials such as recycled plastic, bamboo, and compressed earth blocks. The Africa construction materials market is influenced by several growth factors such as urbanization as the demand for construction materials such as cement, steel, and bricks are increasing due to the need for housing in urban areas.
Several countries in Africa are investing in infrastructure development such as the construction of roads, airports, and buildings to boost economic growth. The government in many African countries are actively promoting the construction industry as a key driver of economic growth. Furthermore, several multinational companies are investing in Africa's construction industry to fuel the demand for the construction materials market in Africa.
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 in 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 a global restrain for the construction materials market.
According to 6Wresearch, 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. Nigeria, Kenya, Ethiopia, and Zambia have 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.
The major key players in Africa Region are China Communications and Construction Group LTD, VINCI, BOUYGUES, TECHNIPFMC, and China Railway Construction Corp. LTD.
Some of the upcoming construction projects in developing countries across the region are anticipated to be a growth proliferator for the product market in the coming future. The projects included are spread over Africa’s 40 countries. 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, and modern infrastructure.
Africa construction materials market report thoroughly covers the market by application, product type and key countries including Nigeria, South Africa, Kenya and the rest of Africa. Africa construction materials market outlook report provides an unbiased and detailed analysis of the ongoing Africa construction materials 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.
Africa Construction Materials Market is projected to witness substantial growth prospects in the years ahead backed by an increased expansion of the industrial landscape across the region with the growing urbanization. Additionally, the rising construction sector with some ongoing construction projects across the region such as the Mambila power plant, Cocula Cabacca Hydropower plant, Dangote oil refinery, and Egypt’s new capital city, is estimated to instigate the demand for construction materials which is further estimated to bolster the growth of the construction materials market in the Africa region.
The Market Report includes the following segments: