Iron is a naturally occurring element on earth. The carbon content in the compound distinguishes iron from steel. Steel is an alloy of a few tenths of a percentage of carbon. Cast iron, on the other hand, is the group of iron-carbon alloy that contains more than 2% of the carbon. The Africa iron, steel, and cast-iron market is anticipated to grow with a CAGR of 6.3% over the forecast period, i.e., 2020 - 2029. Factors such as the growing number of construction projects in the African continent, followed by the surge in investments for the development of both public and private infrastructure across several countries in the continent, are anticipated to drive the demand for iron, steel, and cast-iron, and in turn, drive the market growth. Besides this, the growing contribution from the construction sector to the GDP of the nations in the continent, is also expected to boost the market growth in the coming years. The market is estimated to garner a revenue of close to USD 32790 Million by the end of 2029, up from a revenue of around USD 18900 Million in the year 2020.
The Africa iron, steel, and cast-iron market is segmented by numerous segments, which include segmentation by product type, process, end-use industry, technology, and by region. By product type, the market is segmented into steel, cast-iron, and others. Amongst these, in the year 2020, the steel segment registered the largest revenue of about USD 17600 Million. The segment is further expected to cross USD 30800 Million by the end of 2029.
Geographically, the Africa iron, steel, and cast-iron market is segmented into Northern Africa, Southern Africa, Central Africa, Western Africa, and Eastern Africa. Amongst these, the market in Northern Africa is anticipated to garner the largest revenue of over USD 17710 Million by 2029, up from around USD 10240 Million in the year 2020.
Some of the prominent industry leaders in the Africa iron, steel, and cast-iron market that are included in our report are ArcelorMittal South Africa Limited, African Industries Group, Steelmor Industries, Ezz Steel, MD IRON STEEL FOUNDRY, Beshay Steel, Scaw Metals Group, Libyan Iron and Steel Company, Maghreb Steel, Suez Steel, and others.
The Africa iron, steel, and cast-iron market is segmented by numerous segments, which include segmentation by product type, process, end-use industry, technology, and by region. By product type, the market is segmented into steel, cast-iron, and others. Amongst these, in the year 2020, the steel segment registered the largest revenue of about USD 17600 Million. The segment is further expected to cross USD 30800 Million by the end of 2029.
Geographically, the Africa iron, steel, and cast-iron market is segmented into Northern Africa, Southern Africa, Central Africa, Western Africa, and Eastern Africa. Amongst these, the market in Northern Africa is anticipated to garner the largest revenue of over USD 17710 Million by 2029, up from around USD 10240 Million in the year 2020.
Some of the prominent industry leaders in the Africa iron, steel, and cast-iron market that are included in our report are ArcelorMittal South Africa Limited, African Industries Group, Steelmor Industries, Ezz Steel, MD IRON STEEL FOUNDRY, Beshay Steel, Scaw Metals Group, Libyan Iron and Steel Company, Maghreb Steel, Suez Steel, and others.
Table of Contents
1. Market Definition
3. Research Methodology
5. Market Lineage Outlook
6. Industry Value Chain Analysis
7. Market Dynamics
10. EXIM Analysis (2017-2019)
13. Impact on COVID-19 on the Africa Iron, Steel and Cast-Iron Market
14. Africa Iron, Steel, and Cast-Iron Market Outlook
15. Northern Africa Iron, Steel, and Cast-Iron Market Outlook
16. Southern Africa Iron, Steel, and Cast-Iron Market Outlook
17. Central Africa Iron, Steel, and Cast-Iron Market Outlook
18. Western Africa Iron, Steel, and Cast-Iron Market Outlook
19. Eastern Africa Iron, Steel, and Cast-Iron Market Outlook
Companies Mentioned
- ArcelorMittal South Africa Limited
- African Industries Group
- Steelmor Industries
- Ezz Steel
- MD IRON STEEL FOUNDRY
- Beshay Steel
- Scaw Metals Group
- Libyan Iron and Steel Company
- Maghreb Steel
- Suez Steel
