Cement Market in Nigeria 2015-2019

About cement market in Nigeria

The demand for cement in Nigeria witnessed a healthy growth as a result of large-scale investment in the construction sector. In 2014, the construction sector accounted for 3.58% of the GDP. In 2014, the non-residential sector (transport and power infrastructure) accounted for the largest share in the construction market. Therefore, owing to such large-scale projects, the demand for cement is also increasing rapidly.

Technavio's analysts forecast the cement market in Nigeria to grow at a CAGR of 10.02% in terms of newly installed units over the period 2014-2019.

Covered in this report

The report covers the current and future market scenarios of the cement market in the Nigeria for the period 2015-2019. The market size was calculated considering construction spending and demand for cement (in terms of volume) in the country. The report also covers the present scenario of the construction sector and the major upcoming projects in Nigeria. The report gives a detailed analysis of the key vendors operating in the market. In addition, the report covers the major drivers, challenges, and trends influencing market growth.

Key customer segments

• Commercial customers

• Non-commercial customers

Key vendors

• Cement Company of Northern Nigeria

• Dangote

• Lafarge

• UniCem

Other prominent vendors

• AshakaCem

• Atlas Cement

• BUA Cement

Market driver

• Backward integration policy

• For a full, detailed list, view our report

Market challenge

• High cost

• For a full, detailed list, view our report

Market trend

• Increased demand for housing

• For a full, detailed list, view our report

Key questions answered in this report

• What will the market size be in 2019 and what will the growth rate be?

• What are the key market trends?

• What is driving this market?

• What are the challenges to market growth?

• Who are the key vendors in this market space?

• What are the market opportunities and threats faced by the key vendors?

• What are the strengths and weaknesses of the key vendors?