According to the latest report by IMARC Group, titled "Africa Green Cement Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027," the Africa green cement market reached a value of US$ 886.8 Million in 2021. Green cement is an eco-friendly binding substance that is widely used across the construction industry. It is generally produced via a carbon-negative manufacturing process, using various waste materials, such as recycled concrete aggregates, fly ash and aluminum can fibers. It is utilized as a preferred alternative to traditional cement since it uses industrial wastes, releases lesser carbon dioxide, exhibits superior strength and withstands high temperatures while offering enhanced thermal and acid resistance. In Africa, due to the scarcity of raw materials, depleting fossil fuel reserves and the increasing demand for concretes and cements, green cement is gaining widespread prominence among end users.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Africa Green Cement Market Trends:???
The market in Africa is primarily driven by the rising environmental concerns among the masses. This has impelled the government of numerous countries across the region to promote the uptake of green cement. Coupled with the widespread deployment of low-carbon solutions for building greener and smarter cities, this is providing a boost to the market growth. Furthermore, the emerging construction industry, along with rising investments by public and private firms in infrastructural development projects, is creating a positive outlook for the market. Furthermore, various government initiatives undertaken by numerous countries for the upgradation of the hospitality sector and building affordable housing facilities across the region are acting as other growth-inducing factors. In addition to this, various technological advancements and the automation of the manufacturing process are positively influencing the market growth. Other factors, including rapid urbanization, continuous product innovations and extensive research and development (R&D) activities conducted by key players, are further contributing to the market growth across Africa. On account of the aforementioned factors,?the market is anticipated to reach a value of US$ 1,607.3 Million by 2027, growing at a CAGR of 10.50% during 2022-2027.
- On the basis of the product type, the market has been segmented into slag-based, limestone-based, fly-ash based, silica fume-based and others.
- Based on the end-use industry, the market has been classified into residential, commercial and infrastructure.
- On the basis of the country, the market has been divided into Egypt, Nigeria, Algeria, Morocco, South Africa and others.
- The competitive landscape of the market has been studied in the report with the detailed profiles of the key players. Some of the key players are 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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