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East Africa Cement Market Overview 2018: Growth, Demand and Forecast Research Report to 2023

United States, 17 October 2018 -- The East Africa cement market has been witnessing a healthy growth over the past few years. This can be accredited to mounting construction activities owing to the rising household incomes of the population, support from government and upcoming construction projects in different countries of East Africa.

Want more information about this market? Request a free report sample: http://bit.ly/2pWr8TS

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.

For more information on this report, please visit: http://bit.ly/2IR8s0v

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Media Contacts:
IMARC Group
USA: +1-631-791-1145
Email:
Website: https://www.imarcgroup.com
Follow us on twitter: @imarcglobal

Submitted by Imarc Group, IMARC Group on Wednesday, 17 October 2018 at 6:36 PM
Category: Architecture & Construction
 
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