West Africa Cement Market Share, Size, Growth, Opportunity and Forecast 2021-2026

*As the coronavirus disease (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

West Africa Cement Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Market Overview:

The West Africa cement market is currently witnessing steady growth. Cement, or Portland cement, refers to a construction material obtained by combining various finely ground minerals that appear rock-like when mixed with water, sand, or grave. It is extensively used as a critical building material in the mass construction of civil works, dwellings and industrial estates. Cement manufacturing is an energy-intensive process, which makes it uneconomical if transported over long distances. In West Africa, the cement industry is witnessing positive growth on account of various favorable initiatives undertaken by governments and rising investments by new market entrants.

The West Africa cement market is primarily driven by the continuously rising population, resulting in the increasing demand for shelter, infrastructure and services. Along with this, there have been several construction projects in the pipeline, including housing, railways, roads, metro systems, ports, and water and energy projects across the region. Besides this, the One Belt One Road (OBOR) and other foreign-funded projects are also expected to increase the demand for cement across the region. Moreover, the governments are rapidly investing in road development by introducing West Africa Road Infrastructure and Investment Forum 2021 (#WARIIF21). This will bring the key financiers, investors, multilateral investment institutions, government ministries, regulators, public and private sector stakeholders to fund and execute infrastructure projects, thereby providing a positive outlook for the market. Other factors such as rapid urbanization and industrialization, and technological advancements in the process of cement production are further bolstering the market growth. On account of these factors, the market is expected to continue its steady growth during the forecast period (2021-2026).

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the West Africa cement market report, along with forecasts for growth at the region level from 2021-2026. Our report has categorized the market based on region, type and end use.

Breakup by Type:

Blended
Portland
Others

Breakup by End Use:

Residential
Commercial
Infrastructure

Breakup by Country:

Nigeria
Cote d’Ivoire
Senegal
Mali
Republic of Benin
Others

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Key Questions Answered in This Report:

How has the West Africa cement market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the West Africa cement market?
What are the key regional markets?
What is the breakup of the market based on the type?
What is the breakup of the market based on the end use?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the West Africa cement market and who are the key players?
What is the degree of competition in the industry?