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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.
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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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