Africa Green Cement and Concrete Market Report and Forecast 2023-2028

Africa Green Cement and Concrete Market Report and Forecast 2023-2028

Market Outlook

According to the report by Expert Market Research (EMR), the Africa green cement and concrete market size attained a value of USD 485.1 million in 2022. Aided by increasing demand for green cement and concrete in major infrastructure development projects, the market is projected to further grow at a CAGR of 10.74% between 2023 and 2028 to reach a value of USD 867.9 million by 2028.

Green cement and concrete are eco-friendly construction components which are manufactured in such a way that their carbon footprint is minimal. The ingredients used in these products pose minimal impact on the environment. Green cement exhibits properties such as high early strength, crack resistance, and high durability. Meanwhile, green concrete offers strong mechanical properties, static behaviour, and fire resistance.

Hence, the ability of green cement and concrete to boost the overall quality of a structure is heightening their demand in various construction projects in Africa. The increasing inclination towards utilising construction materials sourced from renewable materials or waste products, such as slag and fly ash, is further expanding the opportunities for the Africa green cement and concrete market. In addition, the production process of green cement and concrete releases less carbon dioxide and uses lesser amounts of natural components, making the process cost-effective and hassle-free.

The increasing investments in major infrastructure construction projects across Africa are fuelling the demand for green cement and concrete. Hydropower projects, oil refinery construction projects, port development, and residential and commercial construction projects across countries like Nigeria, Egypt, and Kenya, among others, are anticipated to generate the demand for green cement and concrete in the forecast period. Additionally, the increasing population and escalation in family incomes across the emerging economies of the continent are likely to augment the Africa green cement and concrete market. The market is anticipated to be navigated by the upcoming investments in infrastructure construction aimed towards developing bridges, healthcare units, educational institutions, and research facilities.

The growing research and innovative advancements by cement manufacturing companies aimed towards introducing new green cement products are likely to support the growth of the green cement and concrete market in Africa. In addition, the increasing emphasis on ramping up the local production of green cement and concrete is expected to add to the market growth. The rapid transition from Portland cement towards green cement, owing to the increasing environmental consciousness and low carbon policies and initiatives by various governments, is further boosting the demand for green cement and concrete.

Market Segmentation

The market can be divided on the basis of type, raw material, end use, and major country.

Market Breakup by Type

• Green Cement
• Green Concrete

Market Segmentation by Raw Material

• Fly Ash Based
• Ground Granulated Blast-Furnace Slag based
• Silica Fume Based
• Others

Market Breakup by End Use

• Commercial
• Residential
• Infrastructure
• Industrial

Market Breakup by Country

• Egypt
• Nigeria
• South Africa
• Morocco
• Kenya
• Algeria
• Others

Competitive Landscape

The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the Africa green cement and concrete market. Some of the major key players explored in the report by Expert Market Research are as follows:

• East African Portland Cement Company (EAPCC)
• Buzzi Unicem S.p.A.
• PPC Ltd
• Suez Cement Group of Companies
• Afrisam (South Africa) Properties (Pty) Ltd
• Holcim Ltd.
• CEMEX S.A.B. DE C.V.
• Others

*We at Expert Market Research always strive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.