European Cement Industry Valuation to Reach US$ 31,742.5 Million by 2033 Amid Booming Construction Industry | Future Market Insights, Inc.

Europe's cement industry thrives on growing construction needs, driven by urbanization and infrastructure investment. Precast and alternative distribution channels see promising growth, while R&D fuels innovation and market expansion. Strong demand and durability ensure a stable future for European cement. Access a wealth of market intelligence and unlock profitable ventures with FMI's report.

NEWARK, Del., Jan. 9, 2024 /PRNewswire/ -- Europe's Cement Industry value is forecast to increase from US$ 19,026.5 million in 2023 to US$ 31,742.5 million in 2033. From 2023 to 2033, Europe's demand for cement is projected to surge at a CAGR of 5.3%.

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The need for residential and commercial building construction is rising due to the growing population and fast urbanization. This is driving up the demand for cement in Europe, combined with a notable increase in the building, remodeling, and reconstruction of infrastructures. Furthermore, the growing popularity of the nuclear family is pushing demand for residential real estate, including private bungalows and studio flats, which is fueling the industry. 

Ordinary Portland cement is the leading product type in Europe's cement industry due to its extensive consumption and production. The growing need for residential and commercial buildings owing to the increasing population and urbanization is expected to bolster the industry's growth in the forecast period. 

Precast material manufacturers are finding profitable expansion prospects due to the growing demand for their products, which include blocks, roof panels, and tiles. Apart from this, government agencies in Europe are investing in improving the existing infrastructure. For instance, to enhance connectivity to isolated locations, they are concentrating on building roads, railroad tracks, bridges, and flyovers in addition to public housing projects.

Key participants are further concentrating on alternate distribution channels, such as the internet, to increase their presence in Europe. While most key firms focus on acquiring smaller players, small-scale companies are set to make large research & development investments to launch new products and increase their footprint in Europe. Leading firms also concentrate on developing value hubs and expanding in critical industries.

The cement industry in Europe is witnessing high demand from diverse sectors, and the trend is expected to continue through 2033. This is due to the excellent durability of cement in infrastructure projects. 

Key Takeaways from the Report-

• Europe's cement industry is projected to thrive at a 5.3% CAGR through 2033.
• The cement industry in Europe value is set to reach US$ 19,026.5 million in 2023.
• By 2033, the cement industry in Europe is estimated to reach US$ 31,742.5 million.
• Based on product type, ordinary Portland cement is expected to lead at a CAGR of 5.2% by 2033.
• Based on end-use, residential and commercial buildings are projected to surge at 5.1% CAGR by 2033. 

"Europe's cement industry is expanding amid the rising demand for public infrastructure and non-residential buildings, such as hospitals and healthcare facilities. The industry is set to expand due to rapid population growth and increasing government initiatives for infrastructure development," says Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. 

European Cement Market Report Study Coverage:

Competitive Landscape

Europe's cement industry is consolidated, with leading players accounting for a significant share. Following are the leading manufacturers and suppliers of cement listed in the report:

• CEMEX
• Buzzi Unicem
• CRH PLC
• Anhui Conch Cement Co. Ltd.
• Heidelberg Materials
• Duna-Drava Cement
• Holcim Ltd.

Key firms are concentrating on expanding their local production and developing technological sectors to offer consumers affordable options. To satisfy end-user demand, they are also investing in creating new items and additional innovation for existing ones.

Purchase this report now to get key companies with their Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis.

Recent Development-

• In May 2023, The Nevyansk Cement Plant (part of CEMROS) invested in equipment modernization, doubling the plant's capacity.

More Insights into the Europe's Cement Industry Report

In its latest report, Future Market Insights (FMI) offers an unbiased analysis of Europe's cement industry, providing historical data from 2018 to 2022 and forecast statistics for the period 2023 to 2033.

The potential, growth, and scope of the industry are segmented based on product type (ordinary Portland cement, Portland pozzolana cement (PPC), sulfate resistant Portland cement, blended cement, white cement, Portland slag cement (PSC), super product type cement, hydrophobic Portland cement, de-carbonated cement), end-use (residential and commercial building, civic infrastructure, industrial and marine construction).

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About the Chemicals and Materials Division at Future Market Insights (FMI)

The chemicals and materials division of Future Market Insights (FMI) offers a distinct and pinpoint analysis of the chemicals and materials industry. This exhaustive coverage extends from commodity, bulk, specialty, and petrochemicals to advanced materials, composites, and nanotechnology in particular, with special emphasis on 'green alternatives, recycling and renewable technology developments, and supply-demand-trade assessment. Our research studies serve as referencing market guidelines for chemical manufacturers, research institutions, channel partners, and government bodies for developing – 'The Way Forward'.  

About the Author:

Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.

His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.

Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

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