Market Forecast By Product type (Construction aggregates, Concrete bricks, Cement, Construction metals), By Application (Residential, Commercial, Industrial) And Competitive Landscape
Product Code: ETC016756 | 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 | |
Ghana Construction Materials market currently, in 2023, has witnessed an HHI of 962, Which has increased slightly as compared to the HHI of 721 in 2017. The market is moving towards highly competitive. 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.
Ghana 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.
The Ghana construction materials market is an evolving industry that caters to the supply of materials required in the construction sector. This market's growth is driven by the increase in the number of construction projects such as residential, commercial, and infrastructure development. The market's primary segments include cement, aggregates, concrete products, bricks and blocks, roofing materials, and wood products. In Ghana, the construction industry has witnessed steady growth over the years, creating opportunities for the production and supply of construction materials.
According to 6Wresearch, the Ghana Construction Materials Market size is estimated to grow at a CAGR of 8.9% during the forecast period 2025-2031. The significant drivers of the Ghanaian construction materials market are population growth, increasing urbanization, government investment in infrastructure, and the growing demand for housing units. Additionally, the rise in per capita income and the growth of the middle class in Ghana have spurred the demand for quality housing and infrastructure. Despite the growth opportunities in the Ghana construction materials market, some challenges persist. These include inadequate infrastructure, lack of access to reliable finance, high cost of construction materials, and inadequate legal and regulatory frameworks. These challenges pose a threat to the Ghana Construction Materials Market growth and require government intervention to create an enabling environment. Nevertheless, the market has witnessed several trends over the years, including the use of eco-friendly materials, the adoption of innovative technologies such as prefabrication, and the increase in public-private partnerships. Additionally, the trend towards sustainable construction practices and the emphasis on durability and quality have impacted the market's growth.
The Ghanaian government has implemented initiatives to support the growth of the construction materials market. Some of the initiatives include the implementation of the One District One Factory policy, which aims to stimulate the creation of factory jobs in rural communities. Additionally, the government's commitment to promoting affordable housing through initiatives such as the National Housing Policy and the Housing Finance Scheme has impacted the market's growth positively. All these initiatives are creating favourable impact on the market growth simultaneously dominating Ghana Construction Materials Market share.
The Ghana construction materials market is a competitive industry with several key players operating in the market. Some of the key players include Ghacem Limited, Buipe Limestone, and Diamond Cement Group. These players are benefiting from the growing demand for construction materials and are investing in innovative technologies to provide quality products to the market.
According to Shivankar, Research Manager, 6Wresearch, the commercial sector is the fastest-growing in the Ghana Construction Materials Market, followed by the rise in international and small business cohorts looking for more prominent office spaces.
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 Ghana Construction Materials Market Overview |
3.1 Ghana Country Macro Economic Indicators |
3.2 Ghana Construction Materials Market Revenues & Volume, 2021 & 2031F |
3.3 Ghana Construction Materials Market - Industry Life Cycle |
3.4 Ghana Construction Materials Market - Porter's Five Forces |
3.5 Ghana Construction Materials Market Revenues & Volume Share, By Product type 2024 & 2031F |
3.6 Ghana Construction Materials Market Revenues & Volume Share, By Application, 2024 & 2031F |
4 Ghana Construction Materials Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Ghana Construction Materials Market Trends |
6 Ghana Construction Materials Market, By Types |
6.1 Ghana Construction Materials Market, By Product type |
6.1.1 Overview and Analysis |
6.1.2 Ghana Construction Materials Market Revenues & Volume, By Product type 2021 - 2031F |
6.1.3 Ghana Construction Materials Market Revenues & Volume, By Construction aggregates, 2021 - 2031F |
6.1.4 Ghana Construction Materials Market Revenues & Volume, By Concrete bricks, 2021 - 2031F |
6.1.5 Ghana Construction Materials Market Revenues & Volume, By Cement, 2021 - 2031F |
6.1.6 Ghana Construction Materials Market Revenues & Volume, By Construction metals, 2021 - 2031F |
6.2 Ghana Construction Materials Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Ghana Construction Materials Market Revenues & Volume, By Residential, 2021 - 2031F |
6.2.3 Ghana Construction Materials Market Revenues & Volume, By Commercial, 2021 - 2031F |
6.2.4 Ghana Construction Materials Market Revenues & Volume, By Industrial, 2021 - 2031F |
7 Ghana Construction Materials Market Import-Export Trade Statistics |
7.1 Ghana Construction Materials Market Export to Major Countries |
7.2 Ghana Construction Materials Market Imports from Major Countries |
8 Ghana Construction Materials Market Key Performance Indicators |
9 Ghana Construction Materials Market - Opportunity Assessment |
9.1 Ghana Construction Materials Market Opportunity Assessment, By Product type 2024 & 2031F |
9.2 Ghana Construction Materials Market Opportunity Assessment, By Application, 2024 & 2031F |
10 Ghana Construction Materials Market - Competitive Landscape |
10.1 Ghana Construction Materials Market Revenue Share, By Companies, 2024 |
10.2 Ghana Construction Materials Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |