Europe Cement Market Report and Forecast 2022-2027

Europe Cement Market Report and Forecast 2022-2027

Europe Cement Market Report and Forecast 2022-2027

Market Outlook

According to Expert Market Report’s latest report, ‘Europe Cement Market Report and Forecast 2022-2027’, the Europe cement market attained a volume of about 181.17 MMT in 2022. Aided by rising investments in the urban construction projects, the market is estimated to further grow at a CAGR of 1.9% between 2022 and 2027.

Cement is defined as a grey powdered substance which is obtained by calcining lime and clay. It is mainly applied in the building and construction industry as a binding material. Cement is mixed with water and sand to make mortar. Further addition of small stones can make concrete. Once hardened, cement exhibits properties, such as strength, soundness, consistency, plasticity, and bulk density, among others. Moreover, cement is easy to use and provides good resistance to moisture. The manufacturing process of cement requires favourable climatic conditions, for instance, there should be no dramatic decrease in the temperature. Also, raw materials should be available continuously.

Cement provides high strength to masonry, can be easily moulded into different shapes and sizes, and is labour friendly. In this regard, the rapid urbanisation, rising residential and commercial construction activities, and increasing standards of living in Europe is driving the market growth. With the increasing demand for cement, and steady economic growth of the developing countries of the continent, the surge in the development of cement plants is propelling the market growth. Moreover, the rapid development of manufacturing plants owing to the increasing expansion of industries such as healthcare, and automotive, among others, is anticipated to generate the demand for cement in the forecast period. Furthermore, the market in the region is anticipated to be aided by the strong foothold of major cement manufacturing companies.

Market Segmentation

The market report by Expert Market Research analyses the market based on segmentations, such as end uses and major regions.

Market Breakup by End Use

• Residential
• Commercial/Institutional/Industrial
• Infrastructural

Market Breakup by Region

• Germany
• United Kingdom
• France
• Italy
• Spain
• Switzerland
• Poland
• Netherlands

Competitive Landscape

The report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the key players in the industry. Some of the major players in the market explored in the Expert Market Research report are:

• Holcim Ltd.
• HeidelbergCement AG
• CRH plc
• Vicat Group
• Buzzi Unicem SpA.
• CEMEX, S.A.B. de C.V
• Titan Cement International S.A.
• Cementir Holding N.V.
• Others

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.