The new report by Expert Market Research titled, ‘Europe Cement Market Growth, Report and Forecast 2023-2028’, gives an in-depth analysis of the regional cement market, assessing the market based on its segments like end-use and major countries.
The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
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The key highlights of the report include:
Market Overview (2018-2028)
• Historical Market Size (2022): 176.58 MMT
• Forecast CAGR (2023-2028): 1.9%
The growing construction activities in residential and commercial sectors has been boosting the market growth of the European cement market. This trend is likely to continue in the coming period as well as the population and disposable income of the people is growing in the region.
Further, the increasing inclination towards low clinker cement is also favouring the European cement market growth. Market players like Holcim are witnessing an increasing demand for sustainable concrete solutions, owing to the increasing awareness about environment protection. The region is also witnessing an increase in construction of buildings using low-carbon concrete solutions.
Industry Definition and Major Segments
Cement, usually grey in colour, is a building material made from raw materials like limestone, clay, and marl. When mixed with water, cement acts as an adhesive to bind gravel, hard rock, and sand in the concrete.
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Based on end-use, the European cement market has been segmented as:
• Residential
• Commercial/Institutional/Industrial
• Infrastructural
For an in-depth analysis, the European market has also been divided into countries like Germany, France, the UK, Italy, Spain, Switzerland, Poland, Netherlands, and others.
Market Trends
The European cement market players are involved in developing and launching new products to meet the changing market dynamics and shifting customer preferences. For instance, in 2022, Buzzi Unicem launched Cgreen, a new product line of CO2 efficient cement in German and Italian markets. Also, in 2021, Holcim launched ECOPlanet cement with a 30% lower carbon footprint.
Carbon neutral mission by the European countries is also a key trend being observed in the European market. For instance, the Swizz cement industry has set a target to become carbon neutral by 2050. Such policies and targets would ultimately support the demand for eco-friendly cement in the region.
Key Market Players
The major players in the market are Holcim Ltd., HeidelbergCement AG, CRH plc, Vicat Group, Buzzi Unicem SpA, CEMEX, S.A.B. de C.V, Titan Cement International S.A. and Cementir Holding N.V. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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