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CHEMICALS AND ADVANCED MATERIALS

Africa Iron, Steel, and Cast-Iron Market Segmentation by Product Type (Steel, Cast Iron, and Others); by Process (Hot Rolled Steel, and Cold Rolled Steel); by End-Use Industry (Building & Infrastructure, Automotive, Transport, Domestic Appliances, Mechanical & Electrical Equipment, and Others); and by Technology (Steel, and Cast Iron) – Demand Analysis & Opportunity Outlook 2020-2029

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Extensive insights into the Growth of Iron, Steel, and Cast-Iron Market amidst COVID-19

Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.

Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.

We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.

In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months.                                                         Request Insights

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IN THE NEWS

  • June 23, 2017: Scaw Metals Group announced that it has partnered with Crosby, the manufacturer of lifting, rigging, and securement applications. The partnership would allow Scaw Metals to supply chain slings in South Africa.

Africa Iron, Steel, and Cast-Iron Market Highlights Over 2020 - 2029

The Africa iron, steel, and cast-iron market is estimated to garner a revenue of USD 32789.7 Million by the end of 2029 by growing at a CAGR of 6.3% over the forecast period, i.e., 2020 – 2029. Moreover, in the year 2020, the market generated a revenue of USD 18908.6 Million. The growth of the market can be attributed to growing number of construction activities in several African countries, such as Nigeria, South Africa, Egypt, Algeria, and Morocco among others. For instance, the total number of projects in the construction sector in the continent increased from close to 280 numbers in the year 2016 to around 480 numbers in the year 2018. The construction industry in Africa is one of the most booming industrial sectors, which is contributing significantly to the GDP of the continent. The demand for iron, steel and cast-iron is primarily driven by the surge in the number of construction projects in the continent, especially in the transportation, energy & power, shipping & ports, mining, oil & gas, and real estate among others. According to the statistics by the African Development Bank (ADB), the real GDP growth in Africa is anticipated to grow from -2.1% in the year 2020 to 4.6% in the year 2022.

Africa Iron, Steel, and Cast-Iron Market Graph

Moreover, the increasing investments in the construction sector in the continent, along with the rising focus of the government of the countries in the continent to develop the public and private infrastructure, are also expected to create numerous opportunities for market growth. Besides this, several countries in the continent are witnessing massive surge in investments from nearby regions, especially Asia and European Union, backed by cheap labor cost, as well as supporting initiatives for foreign direct investments. Such a factor is also projected to drive the demand for iron, steel and cast-iron, and in turn, boost the market growth. CLICK TO DOWNLOAD SAMPLE REPORT

Africa Iron, Steel, and Cast-Iron Market Regional Synopsis

Regionally, the Africa iron, steel, and cast-iron market is segmented into Northern Africa, Southern Africa, Central Africa, Western Africa, and Eastern Africa. The market in Northern Africa is anticipated to garner the largest revenue of USD 17718.4 Million by the end of 2029, up from a revenue of USD 10243.7 Million in the year 2020. One of the major factors anticipated to drive the growth of the market in the region is the growing demand for iron, steel, and cast-iron from several end-use industries, such as the automotive, and the construction industry. Besides this, the growing automobile sales in Northern African countries, such as Egypt, Morocco, and others is also expected to contribute to the growth of the market in the region in the coming years. According to the statistics by the International Organization of Motor Vehicle Manufacturers (OICA), the sales of vehicles in Egypt increased from 170568 numbers in the year 2019 to 219732 numbers in the year 2020, witnessing a growth of 28.8% between the two years. On the other hand, in the year 2019, vehicles sales in Morocco touched 165916 numbers.

Growth Drivers and Challenges Impacting the Growth of the Africa Iron, Steel, and Cast-Iron Market

Growth Drivers

  • Growing Construction Industry
  • Rising Investments for Developing Public and Private Infrastructure

Challenges

  • Fluctuation in the Price of Iron Ore

Africa Iron, Steel, and Cast-Iron Market Segmentation Synopsis

The Africa iron, steel, and cast-iron market is segmented by product type into steel, cast-iron, and others. Out of these, the steel segment is expected to generate the largest revenue of USD 30804.4 Million by the end of 2029, by growing from a revenue of USD 17608.4 Million in the year 2020. Further, by process, the steel segment is divided into hot rolled steel, and cold rolled steel, out of which, the cold rolled steel segment is projected to grow with the highest CAGR of 7.1% during the forecast period. By end-use industry, the Africa iron, steel, and cast-iron market is segmented into building & infrastructure, automotive, transportation, domestic appliances, mechanical & electrical equipment, and others. Out of these, the building & infrastructure segment is anticipated to attain the largest revenue of USD 15360.1 Million by the end of 2029, up from a revenue of USD 8656.6 Million in the year 2020. The segment is further anticipated to grow with a CAGR of 6.6% during the forecast period. By technology, the steel segment is divided into oxygen blown converter (OFC), and electric furnace (EF), out of which, the electric furnace segment is projected to attain the largest revenue by the end of 2030, and also grow with the highest CAGR during the forecast period. The cast iron segment, on the other hand, is divided by technology into re-melted, and poured into sand molds, out of which, the re-melted segment is projected to grow with the highest CAGR of 5.6% during the forecast period.

Key Companies Dominating the Market

Our report has covered detailed company profiling comprising company overview, business strategies, key product offerings, financial performance, key performance indicators, risk analysis, recent developments, regional presence, and SWOT analysis among other notable indicators for competitive positioning. 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.

Key Reasons to Buy Our Report

  • The report covers detailed analysis comprising market share attained by each market segment and its sub-segments.
  • It covers market dynamics including growth drivers, trends, potential opportunities, price trend analysis and challenges that impact the market growth.
  • The report includes detailed company profiles of the major players dominating the market.
  • We use effective research methodologies to calculate the market numbers and provide value-added assessment for overall growth.
  • We provide customized reports as per the clients’ requirement helping them to see possible and unexpected challenges and unforeseen opportunities in order to help them reach their goal.

FREQUENTLY ASKED QUESTIONS

Africa Iron, Steel, and Cast-Iron Market TOC

  1. Market Definition
    1. Definition
    2. Market Segmentation
    3. Product Overview
  2. Assumptions & Acronyms
  3. Research Methodology
    1. Research Process
    2. Primary Research
    3. Secondary Research
    4. Market Size Estimation
  4. Executive Summary – Africa Iron, Steel, and Cast-Iron Market
  5. Market Lineage Outlook
    1. Africa Iron Ore Market
      1. Market Trends
      2. Production Outlook
      3. Key Iron Ore Producers
  6. Industry Value Chain Analysis
    1. Raw Material Procurement
    2. Manufacturing
    3. Distribution/Supply
    4. End Users
  7. Market Dynamics
    1. Market Driver
    2. Market Restraint
    3. Key Opportunity
    4. Market Trend
  8. Regulatory and Standard Landscape
  9. PESTEL Analysis
  10. EXIM Analysis (2017-2019)
    1. Import Outlook
    2. Export Outlook
  11. Production Outlook (Tons), 2017-2019
  12. Average Pricing Analysis (USD/Ton)
  13. Impact on COVID-19 on the Africa Iron, Steel and Cast-Iron Market
    1. Impact on the Raw Material Supply
    2. Impact on Demand & Pricing
    3. Impact on Trade
    4. Impact on the End-Use Industry
    5. Market Impact Analysis in 2020 (Quarter-Wise) w.r.t. COVID-19 Pandemic (USD Million)
  14. Africa Iron, Steel, and Cast-Iron Market Outlook
    1. By Value (USD Million)
    2. By Volume (Thousand Tons)
    3. Africa Iron, Steel, and Cast-Iron Market Segmentation Analysis 2020-2029F
      1. By Product Type, 2020-2029 (USD Million & Thousand Tons)
        1. Steel, 2020-2029 (USD Million & Thousand Tons)
          1. Carbon Steels, 2020-2029 (USD Million & Thousand Tons)
          2. Alloy Steels, 2020-2029 (USD Million & Thousand Tons)
          3. Stainless Steels, 2020-2029 (USD Million & Thousand Tons)
          4. Tool Steels, 2020-2029 (USD Million & Thousand Tons)
        2. Cast Iron, 2020-2029 (USD Million & Thousand Tons)
          1. Gray Cast Iron, 2020-2029 (USD Million & Thousand Tons)
          2. White Cast Iron, 2020-2029 (USD Million & Thousand Tons)
          3. Ductile Cast Iron, 2020-2029 (USD Million & Thousand Tons)
          4. Malleable Cast Iron, 2020-2029 (USD Million & Thousand Tons)
          5. Others, 2020-2029 (USD Million & Thousand Tons)
        3. Others, 2020-2029 (USD Million & Thousand Tons)
      2. By End-Use Industry, 2020-2029 (USD Million & Thousand Tons)
        1. Building & Infrastructure, 2020-2029 (USD Million & Thousand Tons)
        2. Automotive, 2020-2029 (USD Million & Thousand Tons)
        3. Transport, 2020-2029 (USD Million & Thousand Tons)
        4. Domestic Appliances, 2020-2029 (USD Million & Thousand Tons)
        5. Mechanical and Electrical Equipment, 2020-2029 (USD Million & Thousand Tons)
        6. Others, 2020-2029 (USD Million & Thousand Tons)
      3. By Technology, 2020-2029 (USD Million & Thousand Tons)
        1. Steel, 2020-2029 (USD Million & Thousand Tons)
          1. Oxygen-Blown Converter (OBC), 2020-2029 (USD Million & Thousand Tons)
          2. Electric Furnace (EF), 2020-2029 (USD Million & Thousand Tons)
        2. Cast Iron, 2020-2029 (USD Million & Thousand Tons)
          1. Re-Melted, 2020-2029 (USD Million & Thousand Tons)
          2. Poured into Sand Molds, 2020-2029 (USD Million & Thousand Tons)
      4. By Region
        1. Northern Africa
        2. Southern Africa
        3. Central Africa
        4. Western Africa
        5. Eastern Africa
  15. Northern Africa Iron, Steel, and Cast-Iron Market Outlook
    1. By Value (USD Million)
    2. By Volume (Thousand Tons)
    3. Northern Africa Iron, Steel, and Cast-Iron Market Segmentation Analysis 2020-2029F
      1. By Product Type, 2020-2029 (USD Million & Thousand Tons)
        1. Steel, 2020-2029 (USD Million & Thousand Tons)
          1. Carbon Steels, 2020-2029 (USD Million & Thousand Tons)
          2. Alloy Steels, 2020-2029 (USD Million & Thousand Tons)
          3. Stainless Steels, 2020-2029 (USD Million & Thousand Tons)
          4. Tool Steels, 2020-2029 (USD Million & Thousand Tons)
        2. Cast Iron, 2020-2029 (USD Million & Thousand Tons)
          1. Gray Cast Iron, 2020-2029 (USD Million & Thousand Tons)
          2. White Cast Iron, 2020-2029 (USD Million & Thousand Tons)
          3. Ductile Cast Iron, 2020-2029 (USD Million & Thousand Tons)
          4. Malleable Cast Iron, 2020-2029 (USD Million & Thousand Tons)
          5. Others, 2020-2029 (USD Million & Thousand Tons)
        3. Others, 2020-2029 (USD Million & Thousand Tons)
      2. By End-Use Industry, 2020-2029 (USD Million & Thousand Tons)
        1. Building & Infrastructure, 2020-2029 (USD Million & Thousand Tons)
        2. Automotive, 2020-2029 (USD Million & Thousand Tons)
        3. Transport, 2020-2029 (USD Million & Thousand Tons)
        4. Domestic Appliances, 2020-2029 (USD Million & Thousand Tons)
        5. Mechanical and Electrical Equipment, 2020-2029 (USD Million & Thousand Tons)
        6. Others, 2020-2029 (USD Million & Thousand Tons)
      3. By Technology, 2020-2029 (USD Million & Thousand Tons)
        1. Steel, 2020-2029 (USD Million & Thousand Tons)
          1. Oxygen-Blown Converter (OBC), 2020-2029 (USD Million & Thousand Tons)
          2. Electric Furnace (EF), 2020-2029 (USD Million & Thousand Tons)
        2. Cast Iron, 2020-2029 (USD Million & Thousand Tons)
          1. Re-Melted, 2020-2029 (USD Million & Thousand Tons)
          2. Poured into Sand Molds, 2020-2029 (USD Million & Thousand Tons)
  16. Southern Africa Iron, Steel, and Cast-Iron Market Outlook
    1. By Value (USD Million)
    2. By Volume (Thousand Tons)
    3. Southern Africa Iron, Steel, and Cast-Iron Market Segmentation Analysis 2020-2029F
      1. By Product Type, 2020-2029 (USD Million & Thousand Tons)
      2. By End-Use Industry, 2020-2029 (USD Million & Thousand Tons)
      3. By Technology, 2020-2029 (USD Million & Thousand Tons)
  17. Central Africa Iron, Steel, and Cast-Iron Market Outlook
    1. By Value (USD Million)
    2. By Volume (Thousand Tons)
    3. Central Africa Iron, Steel, and Cast-Iron Market Segmentation Analysis 2020-2029F
      1. By Product Type, 2020-2029 (USD Million & Thousand Tons)
      2. By End-Use Industry, 2020-2029 (USD Million & Thousand Tons)
      3. By Technology, 2020-2029 (USD Million & Thousand Tons)
      4. By Country, 2020-2029 (USD Million & Thousand Tons)
        1. Democratic Republic of Congo, 2020-2029 (USD Million & Thousand Tons)
        2. Gabon, 2020-2029 (USD Million & Thousand Tons)
        3. Chad, 2020-2029 (USD Million & Thousand Tons)
        4. Cameroon, 2020-2029 (USD Million & Thousand Tons)
        5. Rest of Central Africa, 2020-2029 (USD Million & Thousand Tons)
  18. Western Africa Iron, Steel, and Cast-Iron Market Outlook
    1. By Value (USD Million)
    2. By Volume (Thousand Tons)
    3. Western Africa Iron, Steel, and Cast-Iron Market Segmentation Analysis 2020-2029F
      1. By Product Type, 2020-2029 (USD Million & Thousand Tons)
      2. By End-Use Industry, 2020-2029 (USD Million & Thousand Tons)
      3. By Technology, 2020-2029 (USD Million & Thousand Tons)
      4. By Country, 2020-2029 (USD Million & Thousand Tons)
        1. Benin, 2020-2029 (USD Million & Thousand Tons)
        2. Burkina Faso, 2020-2029 (USD Million & Thousand Tons)
        3. Niger, 2020-2029 (USD Million & Thousand Tons)
        4. Nigeria, 2020-2029 (USD Million & Thousand Tons)
        5. Mali, 2020-2029 (USD Million & Thousand Tons)
        6. Togo, 2020-2029 (USD Million & Thousand Tons)
        7. Ghana, 2020-2029 (USD Million & Thousand Tons)
        8. Senegal, 2020-2029 (USD Million & Thousand Tons)
        9. Rest of Western Africa, 2020-2029 (USD Million & Thousand Tons)
  19. Eastern Africa Iron, Steel, and Cast-Iron Market Outlook
    1. By Value (USD Million)
    2. By Volume (Thousand Tons)
    3. Eastern Africa Iron, Steel, and Cast-Iron Market Segmentation Analysis 2020-2029F
      1. By Product Type, 2020-2029 (USD Million & Thousand Tons)
      2. By End-Use Industry, 2020-2029 (USD Million & Thousand Tons)
      3. By Technology, 2020-2029 (USD Million & Thousand Tons)

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