Europe Cement Market Report and Forecast 2023-2028

Europe Cement Market Report and Forecast 2023-2028

Market Outlook

According to the report by Expert Market Research (EMR), the Europe cement market attained a volume of 181.17 MMT in 2022. Aided by the increasing construction activities and infrastructure investments across the region, the market is projected to further grow at a CAGR of 1.9% between 2023 and 2028 to reach a volume of 202.83 MMT by 2028.

Cement is a vital construction material, primarily composed of limestone, clay, and other additives. It is a binding agent that, when mixed with water, forms a paste that hardens and binds other construction materials such as sand, gravel, and bricks together. Cement is widely used in the construction industry due to its high compressive strength, durability, and resistance to environmental factors like water and fire.

The Europe cement market growth is primarily driven by the increasing construction activities and infrastructure investments in the region. The expanding residential and non-residential construction sectors, as well as the growing demand for affordable housing, are contributing to the increased consumption of cement. Additionally, the European Union's commitment to improving and expanding its infrastructure, including transportation, energy, and water management systems, is bolstering the demand for Europe cement market.

Another significant factor supporting the Europe cement market expansion is the rising focus on sustainable construction practices. The construction industry is increasingly adopting environmentally friendly building materials and methods to minimise its environmental impact and carbon footprint. This has led to the development and adoption of innovative cement types, such as blended cements, which offer improved performance and reduced CO2 emissions compared to traditional Portland cement.

Furthermore, technological advancements in cement manufacturing processes are also contributing to the growth of the Europe cement market. As a consequence of the use of digital technologies like the Internet of Things (IoT), artificial intelligence (AI), and data analytics, cement plants are now more productive and efficient, which saves money and reduces emissions.

The adoption of innovative construction techniques such as 3D printing and prefabrication is expected to revolutionise the cement industry. These methods can improve construction efficiency, reduce material waste, and enable more sustainable building designs, potentially driving the demand for Europe cement market.

Market Segmentation

The market can be divided based on end use and region.

Market Breakup by End Use

• Residential
• Commercial/Institutional/Industrial
• Infrastructural

Market Breakup by Region

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

Competitive Landscape

The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the Europe cement companies. Some of the major key players explored in the report by Expert Market Research are as follows:

• 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

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