NIGERIA BUILDING MATERIALS MARKET

INTRODUCTION

Both natural and artificial building materials are frequently employed in Nigeria. They are employed at all phases of a building or structure's life for construction, development, and maintenance. The longevity of building materials used in the construction sector has improved dramatically over time.

Historically, animal hides that were prone to rotting and twigs, leaves, and other natural materials were frequently utilised for construction.

There will be a need for water, lots and plenty of water, on a building site from the moment a cement bag is opened. It is impossible to emphasise the value of water as a construction material. The kind and quantity of water used in the construction of a structure determines its very strength.

NIGERIA BUILDING MATERIALS MARKET SIZE AND FORECAST

The Nigeria Building Materials Market accounted for $XX Billion in 2021 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2022 to 2030.

MARKET DYNAMICS/ NEW PRODUCT

The National Integrated Infrastructure Master Plan (NIIMP), a 30-year infrastructure plan, was started by the Federal Government to encourage and boost activity in the industry to address Nigeria's housing need.

The NIIMP is anticipated to reduce the current housing gap of 17 million homes by constructing at least 700,000 homes annually as opposed to the present 2,000 homes created each year.

Engr. Chukwugozie Okeke, a building engineer, praised many government attempts to lower construction costs and address the nation's housing shortage in an exclusive interview with Science Nigeria.

The promotion of the use of alternative construction materials, he continued, is one of the main ways the nation can lower the high cost of conventional building materials like concrete, cement, and steel.

COMPANY PROFILE

• TAOFEEK NIGERIA ENTERPRISES 
• BCMart-Nigeria
• Iya ISLAMIAT BUILDING MATERIAL
• Josvin Building Material Nigeria Limited
• Gabmary Company Nigeria Limited

THIS REPORT WILL ANSWER FOLLOWING QUESTIONS

1. What is the average cost perNigeria Building Materials Marketright now and how will it change in the next 5-6 years?
2. Average cost to set up aBuilding Materials marketinNigeria?
3. How manyNigeria Building Materials Marketare manufactured per annum globally? Who are the sub-component suppliers in different regions?
4. What is happening in the overall public, globally?
5. Cost breakup of aNigeria Building Materials Marketand key vendor selection criteria
6. Where is theNigeria Building Materials Market manufactured? What is the average margin per equipment?
7. Market share ofNigeria Building Materials Marketmanufacturers and their upcoming products
8. The most important plannedNigeria Building Materials Marketin next 2 years
9. Details on network of majorNigeria Building Materials Marketand pricing plans
10. Cost advantage for OEMs who manufactureNigeria Building Materials Marketin-house
11. 5 key predictions for next 5 years inNigeria Building Materials Market
12. Average B-2-BNigeria Building Materials Marketprice in all segments
13. Latest trends inNigeria Building Materials Market, by every market segment
14. The market size (both volume and value) ofNigeria Building Materials Marketin 2022-2030 and every year in between?
15. Global production breakup ofNigeria Building Materials Market, by suppliers and their OEM relationship.