Africa's burgeoning green cement market is on the brink of significant expansion, fueled by novel technologies and increasing investor interest in tapping into the continent's vast potential for sustainable construction. Recent forecasts from Research and Markets project that the valued $485.1 million green cement and concrete market in 2022 is set to experience a compound annual growth of over ten per cent, reaching $867.9 million by 2028.
Africa's burgeoning green cement market is on the brink of significant expansion, fueled by novel technologies and increasing investor interest in tapping into the continent's vast potential for sustainable construction. Recent forecasts from Research and Markets project that the valued $485.1 million green cement and concrete market in 2022 is set to experience a compound annual growth of over ten per cent, reaching $867.9 million by 2028.
The surge in large-scale infrastructure projects across African nations, spanning hydropower plants, oil refineries, port expansions, and residential and commercial building initiatives, particularly in Nigeria, Egypt, and Kenya, is identified as a major driver for this escalating demand.
In a strategic move to enhance low-carbon cement supply in Burkina Faso, Chad, and Mali, the International Finance Corporation (IFC) allocated a €45 million green loan to four OIP subsidiaries, including Morocco's CIMAT and West Africa's CIMAF. The initiative aims to construct a calcined clay production facility at CIMAF Bobo Dioulasso in Burkina Faso, focusing on reducing clinker use, enhancing energy efficiency, and cutting greenhouse gas emissions.
German in-situ and climate-positive concrete firm, Bton, announces its entry into the African market, targeting Ghana, Kenya, South Africa, and Morocco. Bton's proprietary technology significantly reduces CO2 emissions from cement and even claims a carbon-negative product by sinking carbon into the concrete. By incorporating abundant, local materials like desert sand, Bton aligns its concrete production with Africa's available resources, addressing the pressing need for affordable housing, estimated to be around 100 million units in the coming years.
Thomas Demmel, CEO of Bton, underscores the urgency to decarbonize the construction industry, emphasizing ongoing discussions with countries and projects in Africa, including Kenya, South Africa, and Nigeria. Bton expresses openness to exploring opportunities with other African nations, responding to the rising demand for sustainable construction.
Bton's strategic plan includes partnering with the precast industry in Africa, providing climate-conscious concrete that meets criteria related to climate impact, abundance, and cost. Initiatives like the construction of smart cities, such as Kenya's Konza city, further underscore the demand for green cement in Africa. The rising trend of green building construction aligns with the continent's efforts to reduce water waste, energy consumption, and air pollution, offering improved indoor environments and setting the stage for a thriving green cement market in Africa.
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