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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).
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:
Breakup by End Use:
Breakup by Country:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
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