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Europe Cement Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Report Format: PDF+Excel | Report ID: SR112023A3186
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Market Overview:
The Europe cement market size reached 290 Million Tons in 2022. Looking forward, IMARC Group expects the market to reach 382.0 Million Tons by 2028, exhibiting a growth rate (CAGR) of 4.6% during 2023-2028.
Cement, also known as Portland cement, is a grey-colored inorganic substance with excellent hydraulic binding ability. It is a mixture of finely ground minerals that results in a rock-like substance when mixed with sand, water and gravel. Cement is widely used to produce concrete, which is a crucial building material for mass constructions, such as industrial estates, dwellings and civil works. Nowadays, different types of cement are produced to meet additional physical and chemical requirements of specific situations, such as durability and strength.
Market Trends:
The Europe cement market is primarily driven by the revival of the real estate sector and the increasing demand for cement in the residential and commercial sectors. Besides this, the European Union (EU) is investing heavily to enhance the existing infrastructure, which is further projected to contribute to the market growth. Moreover, due to the growing concerns regarding the environmental impact of cement production, manufacturers are introducing new production methods and formulations that help reduce energy use and utilize locally available raw materials. Consequently, there has been an increase in the sales of sustainable and green cement as it minimizes CO2 emissions generated during production.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the Europe cement market report, along with forecasts at the regional and country level from 2023-2028. Our report has categorized the market based on type and end use.
Breakup by Type:
- Blended
- Portland
- Others
Breakup by End Use:
- Residential
- Commercial
- Infrastructure
Breakup by Country:
- Germany
- France
- United Kingdom
- Italy
- Spain
- Others
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Report Coverage:
| Report Features | Details |
|---|---|
| Base Year of the Analysis | 2022 |
| Historical Period | 2017-2022 |
| Forecast Period | 2023-2028 |
| Units | Million Tons |
| Segment Coverage | Type, End Use, Country |
| Countries Covered | Germany, France, United Kingdom, Italy, Spain, Others |
| Customization Scope | 10% Free Customization |
| Report Price and Purchase Option | Single User License: US$ 2699 Five User License: US$ 3699 Corporate License: US$ 4699 |
| Post-Sale Analyst Support | 10-12 Weeks |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
The Europe cement market size was approximately 290 Million Tons in 2022. The elevating number of renovation, remodeling, and reconstruction projects is primarily driving the demand for cement in the region. Additionally, the widespread adoption of cement in the construction of bridges, dams, high-rise structures, residential and industrial complexes, etc., is further propelling the European cement market. Moreover, the introduction of green cement to construct eco-friendly and sustainable buildings that will aid in reducing harmful emissions and supporting environmental health will continue to augment the market growth in the coming years.
We expect the Europe cement market to exhibit a CAGR of 4.6% during 2023-2028.
The rising number of construction activities pertaining to the development of mega infrastructure projects, along with the elevating levels of urbanization, is primarily driving the Europe cement market.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several European nations, resulting in the temporary halt in numerous construction activities, thereby negatively impacting the Europe market for cement.
Based on the end use, the Europe cement market can be bifurcated into residential, commercial, and infrastructure. Currently, the residential sector exhibits a clear dominance in the market.
On a regional level, the market has been classified into Germany, France, United Kingdom, Italy, Spain, and others, where Germany currently dominates the Europe cement market.
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