Africa Construction Aggregates Market Grows With Changing Consumer Preferences & New Opportunities
Persistence Market Research delivers key insights on the Africa construction aggregates market, in its latest report titled, ‘Construction Aggregates Market: Africa Industry Analysis 2014-2018 and Forecast 2019-2029’. The demand for construction aggregates across Africa is expected to remain strong, with a volume CAGR of 5.4% over 2019-2029. Urbanization has also played a vital role in the development of infrastructural facilities across the globe. According to the World Bank, in 2016, urban population growth in Angola (3.52%), Ethiopia (2.85%), Nigeria (2.43%), and South Africa (2.1%) has been above the African average of 2.09%. Such steady growth in these developing economies is expected to drive an increase in infrastructure development activities. Governments across these emerging countries are investing huge amounts in large-scale construction projects in order to strengthen commercial infrastructure and transport in their respective economies. This is expected to, in turn, creates significant opportunities for public-private partnership construction projects in the region.
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Construction Aggregates Market: Segmentation Analysis
Construction Aggregates Market Analysis by Type
On the basis of type, the construction aggregates market is segmented into crushed stones, sand, gravel, and others. Crushed stones are widely used in the construction industry as a construction aggregate. This segment is projected to hold a prominent market share in the Africa construction aggregates market throughout the forecast period. Leading players in the construction aggregates market provide almost all the products for construction aggregates to various end users. The crushed stone segment is projected to be one of the most lucrative segments throughout the forecast period.
Construction Aggregates Market Analysis by Application
On the basis of application, the construction aggregates market is segmented into infrastructure, residential, commercial, and industrial. Growth of the construction aggregates market is primarily driven by the development of large-scale infrastructural projects in the developing countries of Africa, such as Tanzania, Ethiopia, and many others. The governments of major economies are continuously working on the development of transportation facilities and strengthening their energy (power generation) infrastructure.
Infrastructure development is playing a significant role in the turnaround of the Sub Saharan economy. Growing investments in mega infrastructure projects such as highways, power generation plants, dams, etc., are strengthening the construction industries in these regions. Some of the key infrastructure projects are DoE – Uping ton Solar Power...
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