The African concrete industry is in a phase of rapid development.However, it still faces challenges such as weak infrastructure and unbalanced regional development.
The African concrete market is approximately 300 million tons in size.It accounts for 5%-6% of global consumption.The market is divided into North Africa (40%, approximately 120 million tons) and Sub-Saharan Africa (60%, the main growth area).
North Africa has entered a stage of overcapacity.Sub-Saharan Africa has a low urbanization rate (approximately 30%).The population has grown at an average annual rate of over 2.5%.The country has long relied on infrastructure investment to drive demand growth.
