African cement market value to rise in coming years

A new key report states that African cement industry’s value will grow at a compound annual growth rate (CAGR) of 5.9% a year to 2029 due to the growing number of infrastructure projects across the continent.

‘The African Cement Market Report 2019’  by ResearchandMarkets.com, a leading industry market research consultancy, states that the rise in consumption of cement is expected to result in cement consumption of around 4.5 billion tonnes per annum by the end of 2019. Global cement consumption has been growing at a CAGR of over 5.2% for the past ten years driven mostly by consumption from emerging markets such as China, India and Brazil.

7844 National cement markets analysed in the report include Egypt, South Africa, Nigeria, Ethiopia, Morocco, Kenya, Ghana, Algeria, Angola, Tunisia, Tanzania, Cameroon, Ivory Coast, Togo, Mozambique, Zambia, Senegal, Uganda, and Zimbabwe.

Twelve major cement companies are also profiled in the new report: Afrisam,  ARM Cement, Ashaka Cement, Bamburi Cement Limited (Lafarge),  Cement Company of Northern Nigeria (CCNN), Dangote Cement, East African Portland Cement Co, Heidelberg Cement, LafargeHolcim, Tanga Cement Company, Tanzania Portland Cement Company Limited (Twiga), and PPC.

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