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Europe Cement Market to Witness a CAGR of 1.9% During 2022-2027, Aided by the Growing Residential Construction

According to a new report by EMR titled, ‘Europe Cement Market Report and Forecast 2022-2027’, the market attained a volume of nearly 176.58 MMT in 2021. The cement industry in Europe is further expected to witness a CAGR of 1.9% in the forecast period of 2022-2027.

The rising demand for cement in the residential and commercial construction projects in Europe, owing to the increasing disposable income, rapid urbanisation, and rising immigration in countries such as France, Italy, and others, is supporting the market growth. In addition to this, the growing renovation activities owing to the increased inclination of residents towards aesthetically appealing houses are likely to be a major factor driving the market. Meanwhile, the rising investments in commercial construction projects such as hotels, restaurants, and malls, owing to the thriving travel and tourism industry are anticipated to boost the demand for cement in the forecast period. Spain, Germany, Italy, France, and Poland are some of the largest producers of cement clinker in the EU.

In September 2021, Hoffman Green Cement Technologies (EPA: ALHGR) announced that the company has received the European patent for its H-P2A technology. The grant of the patent will enable the marketing of this technology from 2022 in France and across various countries of Europe. Apart from this, the growing initiatives by the global leading cement companies such as CEMEX, S.A.B. de C.V. (NYSE: CX) and Lafargeholcim Ltd (SWX: LHNZ) to develop green cement are expected to positively impact the market growth in the region. Further, CEMEX, S.A.B. de C.V. has earned a place on CDP’s Climate A List and is recognised as a leader of corporate Climate Action through transparency.

Market Breakup by End Use and Region:

  • The market is segmented based on end use into residential, commercial/institutional/industrial, and infrastructural.
  • Region-wise, the cement market in Europe can be divided into Germany, the United Kingdom, France, Italy, Spain, Switzerland, Poland, and Netherlands, among others.

Key Findings of the Report:

  • The cement market in Europe is being driven by the thriving building and construction industry.
  • The rapid urbanisation, industrialisation, and the rising demand for cement for residential construction are likely to aid the Europe cement industry in the forecast period.
  • In addition to this, the growing research and development activities aimed towards developing green cement owing to its eco-friendly properties are anticipated to provide impetus to the market in the forecast period.
  • The market will further be aided by the growing investments by the key players to increase their production capacity.

Key Offerings of the Report:

  • The EMR report gives an overview of the cement market in Europe for the periods (2017-2021) and (2022-2027).
  • The report also offers historical (2017-2021) and forecast (2022-2027) market information for the end uses, and regions of cement in Europe.
  • The market report also analyses the trade data by covering the major importing and exporting countries.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

The major players in the Europe cement market are Holcim Ltd., HeidelbergCement AG, CRH plc, Vicat Group, Buzzi Unicem SpA., CEMEX, S.A.B. de C.V, Cementir Holding N.V., and Titan Cement International S.A., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

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Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

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