cement market in nigeria 2015-2019
TRANSCRIPT
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.
Cement Market in Nigeria 2015-2019
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Market Overview
• 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.
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Key Vendors and Regions
• Commercial customers
• Non-commercial customers
• Cement Company of Northern Nigeria
• Dangote
• Lafarge
• UniCem
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• Nigeria
Vendors Regions
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Key Findings
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• The construction market in Nigeria has undergone a massive shift from dependence on import to self-reliance.
• In the past, in order to meet demand, the country was dependent on imported cement. However, this scenario began to change in 2012.
• Government policies such as BIP and increased investment by manufacturers have increased the local production of cement.
• Moreover, the BIP has also led to the privatization of cement companies, which were earlier controlled by the government.
• The cement sector has also become a potential investment hub as a result of ample market opportunity.
• According to the Ministry of Industry, Trade, and Investment, the cement sector has attracted private investment of over $6 billion in the last three years.
Key Questions Answered in Our 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?
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Cement Market in Nigeria 2015-2019
40 Pages | SKU: IRTNTR6817
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