According to the latest report by IMARC Group, titled “West Africa Cement Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the cement market size in West Africa reached a strong growth in 2020. Cement refers to a binding material containing a mixture of clay and limestone, which is used for numerous construction purposes. It also includes other materials, such as shale, slate, chalk, silica sand, iron ore, blast furnace slag, etc. These materials are heated at high temperatures to form a rock-like substance that is grounded into fine powder to form cement. Cement exhibits enhanced hydraulic binding properties that help in the formation of structural, concrete, cementitious, and masonry building products.
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In West Africa, a significant population growth in confluence with the rising disposable income levels of the consumers has led to the construction of modern housing projects. These developments in the region are augmenting the market for cement. Moreover, the growing investments by several international bodies, such as the World Bank, to improve the highway networks across West Africa are further propelling the product demand. Besides this, the launch of numerous government initiatives for the upgradation of railways, roads, and other transport facilities are also stimulating the market growth. Additionally, rapid industrialization has led to numerous construction and refurbishment activities, which are further expected to impel the cement market across West Africa in the coming years. Looking forward, IMARC Group expects the market to witness moderate growth during 2021-2026.
Breakup by Type:
- Blended
- Portland
- Others
Breakup by End Use:
- Residential
- Commercial
- Infrastructure
Competitive Landscape with Key Player:
- CNBM International Corporation
- Anhui Conch Cement Co., Ltd.
- Jidong Development Group Co., Ltd.
- LafargeHolcim Ltd
- HeidelbergCement AG
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