The new report by Expert Market Research titled, ‘Europe Cement Market Report and Forecast 2022-2027’, gives an in-depth analysis of the Europe cement market, assessing the market based on its segments like end uses, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
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The key highlights of the report include:
Market Overview (2017-2027)
- Forecast Historical Market Size (2021): About 5 MMT
The expansion of industries such as military and defence, food and beverage, pharmaceutical, healthcare, hospitality, transportation, and aerospace, among others is likely to escalate the demand for strong structures in order to sustain the day-to-day tasks. Hence, this factor is anticipated to propel the demand for cement in the forecast period. Additionally, the strong foot hold of major market players and the increasing production of cement in countries like Germany, France, Spain, and others will further aid the market in the forecast period. Furthermore, the rapid urbanisation, rising standards of living, and rising investments in commercial construction projects are anticipated to provide impetus to the market.
Industry Definition and Major Segments
Cement is obtained by grinding cement clinker and, at times, supplementing it with additions. Cement is defined as the powdered form of the mixture of alumina, silica, lime, iron oxide, and magnesium oxide which when mixed with water forms mortar. Cement is used to set, harden, and adhere to other materials to bind them together in construction applications.
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By end use, the market can be bifurcated into:
- Residential
- Commercial/Institutional/Industrial
- Infrastructural
The regional markets for cement include:
- Germany
- United Kingdom
- France
- Italy
- Spain
- Switzerland
- Poland
- Netherlands
- Others
Market Trends
The increasing inclination of engineers and architects towards construction materials that are energy efficient, exhibit high heat and water resistance, and possess the ability to recycle waste during their production is anticipated to be the key trend in the market. Thus, the rapid development of cement plants which run on blade waste is anticipated to be a major trend propelling the growth of the market in the forecast period. The research and development of new ways to produce low-CO2 building materials by recycling used wind turbines, seeking to use the shredded blades to produce alternative fuel (AF) for cement production is aiding the market. For instance, Holcim’s Lagerdorf plant in Germany uses wind turbines blade waste to generate heat and ash to help in the development of cement. This helps reduce the carbon footprint of cement production, making it more resource efficient.
Key Market Players
The major players in the market are Holcim Ltd., HeidelbergCement Ag, Buzzi Unicem SpA, and Cimpor Group, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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