Africa Iron & Steel Market Outlook Report 2021: Market is Estimated to Garner a Revenue of Close to $32.79 Billion by the end of 2029

Dublin, Nov. 18, 2021 (GLOBE NEWSWIRE) -- The "Africa Iron & Steel Market Outlook 2029" report has been added to's offering.

The market is estimated to garner a revenue of close to USD 32,790 Million by the end of 2029, up from a revenue of around USD 18,900 Million in the year 2020. 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 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

  • ArcelorMittal South Africa Limited
  • African Industries Group
  • Steelmor Industries
  • Ezz Steel
  • Beshay Steel
  • Scaw Metals Group
  • Libyan Iron and Steel Company
  • Maghreb Steel
  • Suez Steel

Key Topics Covered:

1. Market Definition
1.1. Definition
1.2. Market Segmentation
1.3. Product Overview

2. Assumptions & Acronyms

3. Research Methodology
3.1. Research Process
3.2. Primary Research
3.3. Secondary Research
3.4. Market Size Estimation

4. Executive Summary - Africa Iron, Steel, and Cast-Iron Market

5. Market Lineage Outlook
5.1. Africa Iron Ore Market
5.1.1. Market Trends
5.1.2. Production Outlook
5.1.3. Key Iron Ore Producers

6. Industry Value Chain Analysis
6.1.1. Raw Material Procurement
6.1.2. Manufacturing
6.1.3. Distribution/Supply
6.1.4. End Users

7. Market Dynamics
7.1. Market Driver
7.2. Market Restraint
7.3. Key Opportunity
7.4. Market Trend

8. Regulatory and Standard Landscape

9. PESTEL Analysis

10. EXIM Analysis (2017-2019)
10.1. Import Outlook
10.2. 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
13.1. Impact on the Raw Material Supply
13.2. Impact on Demand & Pricing
13.3. Impact on Trade
13.4. Impact on the End-Use Industry
13.5. Market Impact Analysis in 2020 (Quarter-Wise) w.r.t. COVID-19 Pandemic (USD Million)

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