CEMAC Steel Market Opportunity, Growth Drivers, Industry Trend Analysis, and Forecast 2025

Description

CEMAC Steel Market was valued at USD 5.9 billion in 2024 and is expected to grow at a CAGR of 4.7% from 2025 to 2034. The Central African Economic and Monetary Community (CEMAC), which includes Chad, Cameroon, Central African Republic, Gabon, Equatorial Guinea, and the Republic of Congo, is experiencing strong growth in its steel sector. This progress is driven by substantial investments in infrastructure aimed at modernizing public facilities, improving transportation networks, and developing energy plants. Governments in the region are allocating significant funds to expand urban settlements and upgrade industrial capacity, which has fueled the demand for steel in various construction projects. As infrastructure development gains momentum, there is a corresponding rise in local steel production along with increased imports to meet the growing demand.

Ongoing improvements in public infrastructure have boosted the need for high-quality steel, with demand surging as governments work to enhance connectivity and build resilient urban environments. According to the African Development Bank, infrastructure funding has increased by 15% annually over the past five years, underscoring the region's commitment to modernization and development. Furthermore, supportive government policies and trade agreements have provided a strong foundation for the steel industry, resulting in a 12% annual growth in production since 2019, as reported by the CEMAC Commission. These policies aim to promote industrialization and economic diversification, ensuring sustained growth in the steel sector.

Market Scope
Start Year	2024
Forecast Year	2025-2034
Start Value	$5.9 Billion
Forecast Value	$9.2 Billion
CAGR	4.7%

A strategic emphasis on strengthening industrial capacity is also contributing to the region's growth trajectory. By enhancing domestic production capabilities, CEMAC countries are reducing reliance on imported goods and fostering a self-sufficient industrial ecosystem. This shift towards self-sustainability not only strengthens the steel industry but also positions the region as a key industrial hub in Africa. Increased investment in industrial development and improved infrastructure are further accelerating the demand for structural steel, which remains the preferred material for large-scale construction projects due to its durability and resistance to extreme weather conditions.

The CEMAC steel market is segmented by steel product type into structural steel, steel rebar, and others. Structural steel accounted for USD 2.7 billion in revenue in 2024 and is projected to reach USD 4.4 billion by 2034. The growing reliance on structural steel is attributed to its widespread use in multilingual, engineering, and construction projects, as well as its unmatched strength and versatility in supporting large structures. Its use has increased by 15% annually over the past five years, as noted by regional architectural authorities.

By end-use, the market is segmented into residential construction, commercial construction, industrial construction, and infrastructure. Industrial construction held a market share of approximately 67.5% in 2024 and is expected to maintain its dominance through 2034. The growing focus on industrialization and expanding transportation networks in the region has driven the demand for high-strength structural steel, making it an indispensable material for the construction of bridges, high-rise buildings, and large industrial facilities.

Cameroon led the CEMAC steel market, generating revenues of approximately USD 1.2 billion in 2024, with a projected CAGR of 5.5% from 2025 to 2034. The positive growth outlook for Cameroon's steel sector is driven by increased public infrastructure investments and ongoing efforts to diversify the country's economy.

Product Code: 10604

Chapter 1 Methodology & Scope

1.1 Market scope & definition
1.2 Base estimates & calculations
1.3 Forecast parameters
1.4 Data sources
- 1.4.1 Primary
1.5 Secondary
- 1.5.1 Paid sources
- 1.5.2 Public sources

Chapter 2 Executive Summary

2.1 Industry synopsis, 2021 - 2034

Chapter 3 Industry Insights

3.1 Industry ecosystem analysis
- 3.1.1 Factor affecting the value chain
- 3.1.2 Profit margin analysis
- 3.1.3 Disruptions
- 3.1.4 Future outlook
- 3.1.5 Manufacturers
- 3.1.6 Distributors
- 3.1.7 Retailers
3.2 Impact forces
- 3.2.1 Growth drivers
  - 3.2.1.1 Increasing regional infrastructural initiatives
  - 3.2.1.2 Increased urbanization
  - 3.2.1.3 Favorable governmental policies and practices
- 3.2.2 Industry pitfalls & challenges
  - 3.2.2.1 Technological advancements
  - 3.2.2.2 Prevalence of inadequate infrastructure
3.3 Consumer buying behavior analysis
- 3.3.1 Demographic trends
- 3.3.2 Factors affecting buying decision
- 3.3.3 Consumer product adoption
- 3.3.4 Preferred distribution channel
- 3.3.5 Preferred price range
3.4 Growth potential analysis
3.5 Regulatory landscape
3.6 Pricing analysis
3.7 Porter's analysis
3.8 PESTEL analysis

Chapter 4 Competitive Landscape, 2024

4.1 Introduction
4.2 Company market share analysis
4.3 Competitive positioning matrix
4.4 Strategic outlook matrix

Chapter 5 Market Estimates and Forecast, By Steel Product Type, 2021 – 2034, (USD Billion) (Thousand Tons)

5.1 Key trends
5.2 Steel rebar
- 5.2.1 CRS (Corrosion Resistant TMT Bars)
- 5.2.2 Earthquake resistant TMT bars
- 5.2.3 Ribbed TMT bars
- 5.2.4 Micro-alloyed TMT bars
- 5.2.5 Low-relaxation TMT bars
- 5.2.6 Dual-grade TMT bar
5.3 Structural steel
- 5.3.1 Heavy structural steel
  - 5.3.1.1 Angle (L Shaped)
  - 5.3.1.2 Bearing Pile (H Shaped)
  - 5.3.1.3 Channel (C Shaped)
  - 5.3.1.4 I Beam (I Shaped)
  - 5.3.1.5 Tee (T Shaped)
  - 5.3.1.6 Pipe
  - 5.3.1.7 Hollow steel section
    - 5.3.1.7.1 Square hollow section
    - 5.3.1.7.2 Rectangular hollow section
    - 5.3.1.7.3 Circular hollow section
- 5.3.2 Light structural steel
  - 5.3.2.1 Angle (L Shaped)
  - 5.3.2.2 Bearing Pile (H Shaped)
  - 5.3.2.3 Channel (C Shaped)
  - 5.3.2.4 I Beam (I Shaped)
  - 5.3.2.5 Tee (T Shaped)
  - 5.3.2.6 Pipe
  - 5.3.2.7 Hollow steel section
    - 5.3.2.7.1 Square hollow section
    - 5.3.2.7.2 Rectangular hollow section
    - 5.3.2.7.3 Circular hollow section
5.4 Others

Chapter 6 Market Estimates & Forecast, By Grade, 2021 – 2034, (USD Billion) (Thousand Tons)

6.1 Key trends
6.2 Steel rebar (TMT Bar)
- 6.2.1 Fe 415
- 6.2.2 Fe 500
- 6.2.3 Fe 550
- 6.2.4 Fe 600
6.3 Structural steel
- 6.3.1 ASTM A36
- 6.3.2 ASTM A572
- 6.3.3 ASTM A992
- 6.3.4 ASTM A500
- 6.3.5 EN 10025
- 6.3.6 BS 4360
- 6.3.7 JIS G3101
- 6.3.8 DIN 17100
- 6.3.9 Others

Chapter 7 Market Estimates & Forecast, By Thickness, 2021 – 2034, (USD Billion) (Thousand Tons)

7.1 Key trends
7.2 Steel rebar (TMT Bar)
7.3 8mm -12mm
7.4 12mm – 16mm
7.5 16mm – 25mm
7.6 25mm – 32mm
7.7 32mm – 50mm

Chapter 8 Market Estimates & Forecast, By End Use, 2021 – 2034, (USD Billion) (Thousand Tons)

8.1 Key trends
8.2 Residential construction
8.3 Commercial construction
- 8.3.1 Institutions
- 8.3.2 Offices
- 8.3.3 Health building
- 8.3.4 Others
8.4 Industrial construction
- 8.4.1 Building construction
- 8.4.2 Industrial structures
- 8.4.3 Marine applications
- 8.4.4 Heavy equipment
- 8.4.5 Automotive
- 8.4.6 Others
8.5 Infrastructure
- 8.5.1 Dam & Water channels
- 8.5.2 Bridges and Roadways
- 8.5.3 Transportation facilities
- 8.5.4 Others

Chapter 9 Market Estimates & Forecast, By Distribution Channel, 2021 – 2034, (USD Billion) (Thousand Tons)

9.1 Key trends
9.2 Direct
9.3 Indirect

Chapter 10 Market Estimates & Forecast, By Country, 2021 – 2034, (USD Billion) (Thousand Tons)

10.1 Key trends
10.2 Cameroon
10.3 Central African Republic
10.4 Chad
10.5 Equatorial Guinea
10.6 Gabon
10.7 Republic of Congo

Chapter 11 Company Profiles (Business Overview, Financial Data, Product Landscape, Strategic Outlook, SWOT Analysis)

11.1 African Foundries Limited
11.2 Bangui Metal Fabricators
11.3 Bimbo Steel Production
11.4 Good Time Steel
11.5 Kankan Iron and Steel
11.6 Lake Group
11.7 LES ACIERIES DU CAMEROUN SARL
11.8 Metafrique Group
11.9 METALCO
11.10 Nippon Steel Corporation
11.11 Sotrafer SARL
11.12 Trimble Inc.
11.13 Yaounde Steel Manufacturing
11.14 Zamil Steel
11.15 Zenith Steel Fabricators LTD.

CEMAC Steel Market Opportunity, Growth Drivers, Industry Trend Analysis, and Forecast 2025 - 2034