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.
Moreover, countries such as Ethiopia, Tanzania, and South Africa, to name a few, are gradually shifting their focus towards developing themselves into service-driven economies. This shift in focus is expected to promote commercial construction activities in the region, and create opportunities for infrastructure-related investments.
The growing demand for leisure activities, amusement parks, and other luxury sports venues in Africa is driving the market growth of gravel throughout the region. This is expected to create opportunities for market players in the construction aggregates market to enhance their product portfolios, and is likely to provide a much-needed boost to their revenues.