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Report
Africa Steel Market Report and Forecast 2024-2032
Market Report I 2024-01-23 I 190 Pages I EMR Inc.
Africa Steel Market Report and Forecast 2024-2032
Market Outlook
According to the report by Expert Market Research (EMR), the Africa steel market reached a volume of approximately 39.49 million tons in 2023. Aided by the rise in infrastructural developments, coupled with the growing construction and automotive industries across the continent, the market is projected to further grow at a CAGR of 3.10% between 2024 and 2032, reaching a volume of 51.86 million tons by 2032.
Steel, an alloy primarily composed of iron and carbon, stands out as an indispensable material in a plethora of applications, ranging from construction, machinery, transportation, to tools. Owing to its strength, durability, and recyclability, steel has become a backbone for economic growth and modern development. In Africa, as urbanisation accelerates and the focus on infrastructural projects amplifies, the demand for steel as a fundamental building material escalates.
One of the pivotal drivers for the Africa steel market growth lies in the rapid urbanisation and industrialisation happening across many African nations. As these nations stride towards modern development, there's an insatiable appetite for steel-enforced infrastructures like skyscrapers, bridges, roads, and railways. This surge in construction and infrastructure projects translates to a heightened demand for steel and steel products.
Another sector propelling the Africa steel market demand is the automotive industry. Africa's automotive sector is witnessing robust growth, with numerous international car manufacturers establishing assembly plants in countries like South Africa, Nigeria, and Morocco. These initiatives, bolstered by favourable government policies and tax incentives, have considerably ramped up the steel demand, given its crucial role in car manufacturing.
As per the Africa steel market analysis, the oil and gas industry in Africa, particularly in nations like Nigeria, Angola, and Algeria, is contributing substantially to the steel demand. Steel plays a cardinal role in the construction of pipelines, rigs, and other facilities in this industry. As Africa continues to explore its vast oil reserves, the need for steel in this sector is expected to grow consistently.
Furthermore, Africa's focus on sustainable development and eco-friendly alternatives has highlighted the recyclability and sustainability of steel. Given that steel can be recycled multiple times without losing its quality, it stands out as an eco-friendly choice for construction and other industries, driving its demand further.
Market Segmentation
The market can be divided based on product, type, end user, country, and region.
Market Breakup by Product
- Long Steel
o Wire Rod
o Rebars
o Merchant Bars
o Heavy Sections
o Others
- Flat Steel
o Hot Rolled Wide Strip
o Quarto Plate
o Others
Market Breakup by Type
- Carbon Steel
- Alloy Steel
- Stainless Steel
- Tool Steel
Market Breakup by End User
- Construction
- Mechanical Engineering
- Automotive
- Metalware
- Domestic Appliances
- Agricultural
- Others
Market Breakup by Country
- Egypt
- South Africa
- Nigeria
- Kenya
- Tanzania
- Morocco
- Namibia
- Others
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the Africa steel market. Some of the major players explored in the report by Expert Market Research are as follows:
- ArcelorMittal S.A.
- Hesteel Group
- Egyptian Steel Group
- African Industries Group
- elmarakby steel
- Suez Steel Company
- Devki Steel Mills Limited
- Steel and Tube Industries Ltd
- Ezz Steel
- The Libyan Iron & Steel company
- Others
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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.
1 Preface
2 Report Coverage - Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Africa Crude Steel Market Overview
8.1 Key Industry Highlights
8.2 Africa Crude Steel Historical Production (2018-2023)
8.3 Africa Crude Steel Production Forecast (2024-2032)
9 Africa Steel Market Overview
9.1 Key Industry Highlights
9.2 Africa Steel Historical Market (2018-2023)
9.3 Africa Steel Market Forecast (2024-2032)
10 Africa Steel Market by Product
10.1 Long Steel
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.1.3 Breakup by Product Type
10.1.3.1 Wire Rod
10.1.3.2 Rebars
10.1.3.3 Merchant Bars
10.1.3.4 Heavy Sections
10.1.3.5 Others
10.2 Flat Steel
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.2.3 Breakup by Product Type
10.2.3.1 Hot Rolled Wide Strip
10.2.3.2 Quarto Plate
10.2.3.3 Others
11 Africa Steel Market by Type
11.1 Carbon Steel
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Alloy Steel
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 Stainless Steel
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 Tool Steel
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
12 Africa Steel Market by End User
12.1 Construction
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Mechanical Engineering
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Automotive
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Metalware
12.4.1 Historical Trend (2018-2023)
12.4.2 Forecast Trend (2024-2032)
12.5 Domestic Appliances
12.5.1 Historical Trend (2018-2023)
12.5.2 Forecast Trend (2024-2032)
12.6 Agricultural
12.6.1 Historical Trend (2018-2023)
12.6.2 Forecast Trend (2024-2032)
12.7 Others
13 Africa Steel Market by Country
13.1 Egypt
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 South Africa
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 Kenya
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Tanzania
13.5.1 Historical Trend (2018-2023)
13.5.2 Forecast Trend (2024-2032)
13.6 Morocco
13.6.1 Historical Trend (2018-2023)
13.6.2 Forecast Trend (2024-2032)
13.7 Namibia
13.7.1 Historical Trend (2018-2023)
13.7.2 Forecast Trend (2024-2032)
13.8 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter's Five Forces Analysis
14.2.1 Supplier's Power
14.2.2 Buyer's Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
15 Price Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 ArcelorMittal S.A.
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Hesteel Group
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Egyptian Steel Group
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 African Industries Group
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 elmarakby steel
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Suez Steel Company
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 Devki Steel Mills Limited
16.2.7.1 Company Overview
16.2.7.2 Product Portfolio
16.2.7.3 Demographic Reach and Achievements
16.2.7.4 Certifications
16.2.8 Steel and Tube Industries Ltd
16.2.8.1 Company Overview
16.2.8.2 Product Portfolio
16.2.8.3 Demographic Reach and Achievements
16.2.8.4 Certifications
16.2.9 Ezz Steel
16.2.9.1 Company Overview
16.2.9.2 Product Portfolio
16.2.9.3 Demographic Reach and Achievements
16.2.9.4 Certifications
16.2.10 The Libyan Iron & Steel company
16.2.10.1 Company Overview
16.2.10.2 Product Portfolio
16.2.10.3 Demographic Reach and Achievements
16.2.10.4 Certifications
16.2.11 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Africa Steel Market: Key Industry Highlights, 2018 and 2032
2. Africa Steel Historical Market: Breakup by Product (USD Million), 2018-2023
3. Africa Steel Market Forecast: Breakup by Product (USD Million), 2024-2032
4. Africa Steel Historical Market: Breakup by Type (USD Million), 2018-2023
5. Africa Steel Market Forecast: Breakup by Type (USD Million), 2024-2032
6. Africa Steel Historical Market: Breakup by End User (USD Million), 2018-2023
7. Africa Steel Market Forecast: Breakup by End User (USD Million), 2024-2032
8. Africa Steel Historical Market: Breakup by Country (USD Million), 2018-2023
9. Africa Steel Market Forecast: Breakup by Country (USD Million), 2024-2032
10. Africa Steel Market Structure
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