Market Forecast By Product type (Construction aggregates, Concrete bricks, Cement, Construction metals), By Application (Residential, Commercial, Industrial) And Competitive Landscape
Product Code: ETC016751 | Publication Date: Oct 2020 | Updated Date: Dec 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Algeria Construction Materials market currently, in 2023, has witnessed an HHI of 8740, Which has increased slightly as compared to the HHI of 1499 in 2017. The market is moving towards Highly concentrated. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.
Algeria Construction Materials Market report thoroughly covers the market by product type and by application. 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.
Algeria Construction Materials Market includes products such as cement, aggregates, bricks, tiles, and ceramics. The industry has seen a high demand for these products due to the growing construction activities in the country. The increasing demand for affordable housing, infrastructure development, and the government’s investments in the sector are the primary driving factors of the growth of the construction materials market in Algeria.
According to 6Wresearch, the Algeria Construction Materials Market size is estimated to grow at a CAGR of 3.8% during the forecast period 2025-2031. The construction industry in Algeria has witnessed significant growth in recent years due to favorable government policies and investments in infrastructure development. The government’s investments in the construction sector are expected to reach $80 billion by 2024. The urbanization rate is also a significant contributor to the growth of the construction materials market in Algeria. Other drivers of the industry include population growth, housing demand, tourism growth, and increasing investments in the real estate industry. On the other side, some challenges that can hamper the Algeria Construction Materials Market growth are the cost of raw materials, which affects the overall cost of projects. Access to finance is another challenge faced by small and medium-sized construction companies in Algeria. Corruption also affects the industry, leading to delayed infrastructure projects and a lack of transparency. In addition, inadequate infrastructure, such as roads, ports, and railways, poses a challenge to the distribution of construction materials. However, ongoing trends leaving a favourable impact like the rising use of green building materials, which are environmentally friendly and energy-efficient materials. Another growing trend is the use of digital technologies such as Building Information Modelling (BIM), which helps in the design, construction and management of buildings, and infrastructure projects.
The government of Algeria has recognized the importance of the construction sector in the country’s economic growth and has invested heavily in the industry. The government’s ‘New Economic Growth Plan’ aims to increase investments in infrastructure development, including projects such as ports, railways, and airports. In addition, the government has launched the ‘Housing for All’ project, which aims to provide affordable housing for Algerians. All these favourable government policies have been impacting positively on the market growth by increasing Algeria Construction Materials Market share.
The Algeria construction materials market is highly competitive, with local and international players competing for market share. Some of the significant players in the industry include LafargeHolcim, Cevital Group, and Sika Group. Other players in the market include national companies such as Groupe Salama, the national company of building, rehabilitation, and public works, Socor, and global players like Sinoma.
According to Ravi Bhandari, Research Head, 6Wresearch, cement has been securing a high demand owing to its pivotal role in the construction industry's production of concrete and mortar used in infrastructure development.
Based on the application, the residential sector is the leading one, dominating the Algeria Construction Materials Market revenue, followed by several factors such as government initiatives to provide affordable housing, rising demand for sustainable materials, technological advances, and continued demand despite the pandemic.
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 Algeria Construction Materials Market Overview |
3.1 Algeria Country Macro Economic Indicators |
3.2 Algeria Construction Materials Market Revenues & Volume, 2021 & 2031F |
3.3 Algeria Construction Materials Market - Industry Life Cycle |
3.4 Algeria Construction Materials Market - Porter's Five Forces |
3.5 Algeria Construction Materials Market Revenues & Volume Share, By Product type 2024 & 2031F |
3.6 Algeria Construction Materials Market Revenues & Volume Share, By Application, 2024 & 2031F |
4 Algeria Construction Materials Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Algeria Construction Materials Market Trends |
6 Algeria Construction Materials Market, By Types |
6.1 Algeria Construction Materials Market, By Product type |
6.1.1 Overview and Analysis |
6.1.2 Algeria Construction Materials Market Revenues & Volume, By Product type 2021 - 2031F |
6.1.3 Algeria Construction Materials Market Revenues & Volume, By Construction aggregates, 2021 - 2031F |
6.1.4 Algeria Construction Materials Market Revenues & Volume, By Concrete bricks, 2021 - 2031F |
6.1.5 Algeria Construction Materials Market Revenues & Volume, By Cement, 2021 - 2031F |
6.1.6 Algeria Construction Materials Market Revenues & Volume, By Construction metals, 2021 - 2031F |
6.2 Algeria Construction Materials Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Algeria Construction Materials Market Revenues & Volume, By Residential, 2021 - 2031F |
6.2.3 Algeria Construction Materials Market Revenues & Volume, By Commercial, 2021 - 2031F |
6.2.4 Algeria Construction Materials Market Revenues & Volume, By Industrial, 2021 - 2031F |
7 Algeria Construction Materials Market Import-Export Trade Statistics |
7.1 Algeria Construction Materials Market Export to Major Countries |
7.2 Algeria Construction Materials Market Imports from Major Countries |
8 Algeria Construction Materials Market Key Performance Indicators |
9 Algeria Construction Materials Market - Opportunity Assessment |
9.1 Algeria Construction Materials Market Opportunity Assessment, By Product type 2024 & 2031F |
9.2 Algeria Construction Materials Market Opportunity Assessment, By Application, 2024 & 2031F |
10 Algeria Construction Materials Market - Competitive Landscape |
10.1 Algeria Construction Materials Market Revenue Share, By Companies, 2024 |
10.2 Algeria Construction Materials Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |