Africa Green Cement Market 2022-2027 | Industry Trends, Growth and Forecast
The latest research study “Africa Green Cement Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” by IMARC Group, finds that the Africa green cement market size reached a value of US$ 886.8 Million in 2021. Looking forward, the market expected to reach a value of US$ 1,607.3 Million by 2027 exhibiting a CAGR of 10.50% during 2022-2027.
Green cement is a cleaner and eco-friendly alternative to traditional cement and is produced using a carbon-negative manufacturing process. It is manufactured from waste materials such as aluminosilicates, recycled industrial waste, blast furnace slag, fly ash, and silica fume. It helps in reducing environmental pollution, exhibits superior strength, withstands high temperatures, and offers better thermal and acid resistance than conventional cement. At present, green cement is gaining immense traction in Africa due to depleting fossil fuel reserves, increasing demand for concrete and cement, and scarcity of raw materials.
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Africa Green Cement Market Trends and Drivers:
The African green cement market is primarily driven by the rising environmental concerns among the masses. Moreover, several favorable initiatives undertaken by governments of various countries in the region for building affordable housing facilities and the upgradation of the hospitality sector are positively influencing market growth.
Additionally, the surging adoption of low-carbon solutions for building greener and smarter cities has augmented the product demand. Besides this, numerous technological advancements and automation of the manufacturing process are acting as other major growth-inducing factors.
Furthermore, the rising public and private investments in infrastructural development projects and the rapid expansion of the construction industry are contributing to market growth. Other factors, including ongoing research and development (R&D) activities, constant advancements in surface treatments and admixtures of green cement, and rapid urbanization, are also anticipated to propel the market growth.
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Africa Green Cement Market 2022-2027 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Africa Green Cement Companies:
Afrisam, CEMEX S.A.B. de C.V., CIMPOR Côte d’Ivoire (Cimpor Global Holdings BV), Lafarge (Holcim), and Suez Cement (Heidelberg Cement Group).
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The report has segmented the market on the basis of region, product type and end use industry.
Market Breakup by Product Type:
- Slag-Based
- Limestone-Based
- Fly-Ash Based
- Silica Fume-Based
- Others
Market Breakup by End Use Industry:
- Residential
- Commercial
- Infrastructure
Breakup by Country:
- Egypt
- Nigeria
- Algeria
- Morocco
- South Africa
- Others
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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