IMARC Group’s recent report, titled “East Africa Cement Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023”, estimated that the East Africa cement market reached a volume of US$ 14.4 Million Tons in 2017. The cement market possesses vast opportunities in East African countries on account of soaring population and inflating income levels in the region. This is also stimulating infrastructural activities in both the residential as well as commercial sector. As a result, various foreign investors are diving in the construction sector and supporting the local cement industries by organizing various training programmes. Besides this, the region is also witnessing several technological advancements which is leading to a higher production of cement in the region.
East Africa Cement Market Drivers:
The consumption of cement in Ethiopia has been primarily driven by the federal government’s five-year Growth and Transformation Plan (GTP) which helped the country in achieving around 11-15% annual economic growth between 2010-2015. In line with this, the government invested heavily in infrastructure and transport sectors. Construction of the Grand Ethiopian Renaissance Dam, six rail networks, and hydroelectric projects like Gilgel-Gibe III Dam and Genale Dawa III Dam have majorly boosted the consumption of cement in the region. Moreover, the ongoing construction of Bukasa Inland Port and the development of Entebbe International Airport in Uganda are creating a positive outlook for the cement industry. Thus, East Africa cement industry is envisaged to experience a positive growth owing to the aforementioned factors as well as some of the other forces like improvement in fleet management and rising penetration in remote areas. Looking forward, the market volume is projected to reach US$ 22.2 Million Tons by 2023, expanding at a CAGR of 7.5% during 2018-2023.
Request a PDF Sample Copy of the Report @ https://www.imarcgroup.com/request?type=report&id=1050&flag=B
East Africa Cement Market Summary:
Browse related reports:
Global White Cement Market Report: https://www.imarcgroup.com/white-cement-manufacturing-plant
Global Cement Market Report: https://www.imarcgroup.com/cement-manufacturing-plant
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Request for Customization @ https://www.imarcgroup.com/request?type=report&id=1050&flag=E
Media ContactCompany Name: IMARC GroupContact Person: Anand RanjanEmail: Send EmailPhone: +1-631-791-1145Country: United StatesWebsite: https://www.imarcgroup.com/