The cement industry size in Europe reached US$ 18,178.4 million in 2022. Over the forecast period, cement demand in Europe is anticipated to rise at 5.3% CAGR. The industry is predicted to increase from US$ 19,026.5 million in 2023 to US$ 31,742.5 million in 2033.
| Attributes | Key Insights |
|---|---|
| Base Value (2022) | US$ 18,178.4 million |
| Estimated Europe Cement Industry Size (2023) | US$ 19,026.5 million |
| Projected Europe Cement Revenue (2033) | US$ 31,742.5 million |
| Value-based CAGR (2023 to 2033) | 5.3% |
| Collective Value Share: Top 5 Countries (2023E) | 64.2% |
The integration of cutting-edge technology in cement manufacturing is bolstering the industry’s expansion. A favorable industry outlook is also being produced by the growing use of green cement in constructing sustainable and eco-friendly structures that lower harmful emissions and promote environmental health.
The cement industry in Europe is largely concentrated, with several medium- and small-sized key firms coexisting alongside leading players who control a sizable share. Key manufacturers in the cement industry are committed to securing a substantial portion of the industry and avoiding several obstacles.
Cement producers in Europe also enter contracts and agreements with other leading industries to secure long-term material supply and increase profits. Leading manufacturers are conducting research & development to innovate and produce new products to meet the rising demand.
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Europe’s cement industry is predicted to expand over 1.7X through 2033, amid a 3.2% increase in expected CAGR compared to the historical one. This is due to the rising demand for public infrastructure and non-residential buildings, such as hospitals and healthcare facilities.
The cement industry in Europe is projected to rise due to rapid population growth and increasing government initiatives for infrastructure development. By 2033, the industry is set to reach US$ 31,742.5 million.
The United Kingdom is the Leading Cement Manufacturer
The United Kingdom is expected to retain its dominance in Europe’s cement industry during the forecast period. This is attributed to the following factors:
Europe cement industry grew at a CAGR of 2.1% between 2018 and 2022. The industry reached US$ 18,178.4 million in 2022. In the forecast period, the cement industry in Europe is set to thrive at a CAGR of 5.3%.
| Historical CAGR (2018 to 2022) | 2.1% |
|---|---|
| Forecast CAGR (2023 to 2033) | 5.3% |
Europe’s cement industry witnessed moderate growth between 2018 and 2022. This was due to a rising awareness of environment-friendly infrastructure.
The acceleration of industrialization and urbanization was a result of the globalization movement and the expansion of developing economies. Consequently, this increased the need for cement as a basic building ingredient in Europe.
The general quality and safety of cement products were enhanced by the creation and implementation of quality standards & regulatory procedures. Growing consumer awareness of environmental issues has prompted the cement industry to prioritize sustainable methods.
It, in turn, has led to an emphasis on cement's dependability in building. The industry's growth trajectory has been determined by initiatives to lower carbon emissions, adopt energy-efficient technology, and investigate alternative raw materials.
Europe’s cement industry has seen a noticeable change toward more environmentally friendly methods in recent years. This involves utilizing more energy-efficient processes, switching to alternative fuels, and developing low & carbon-neutral cement to lessen carbon emissions.
Principal Consultant
Over the forecast period, the cement industry in Europe is poised to exhibit healthy growth, totaling a valuation of US$ 31,742.5 million in 2033. This is due to a combination of several factors, including the rising use of cement in road construction, civil engineering, and others.
High demand for residential and commercial buildings due to population growth is expected to propel the growth of the cement industry in Europe. Investment in research and development is another crucial factor for the growth of the regional cement industry.
Key participants are investing in research & development to develop advanced and innovative products for sustainable development. They aim to develop advanced technologies to cater to the growing demand from end-use sectors.
Investments in research & development also benefits waste and hazardous waste management, which will help with sustainable development. The above factors, coupled with the increasing people's purchasing power, have led to the growing sales of cement for several applications in Europe.
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The table below highlights key countries’ cement industry revenues in 2033. The United Kingdom, Germany, and France are expected to remain the top three consumers of cement in Europe, with expected valuations of US$ 5,795.4 million, US$ 5,177.3 million, and US$ 4,481.8 million, respectively, in 2033.
| Countries | Cement Revenue (2033) |
|---|---|
| United Kingdom | US$ 5,795.4 million |
| Germany | US$ 5,177.3 million |
| France | US$ 4,481.8 million |
| Italy | US$ 2,811.5 million |
| Russia | US$ 2,186.3 million |
The table below shows the estimated growth rates of the top five countries. France, the United Kingdom, and Germany are set to record high CAGRs of 6.2%, 5.8%, and 5.0% respectively, through 2033.
| Countries | Projected Value-CAGR (2023 to 2033) |
|---|---|
| France | 6.2% |
| United Kingdom | 5.8% |
| Italy | 4.3% |
| Germany | 5.0% |
| Russia | 4.4% |
The United Kingdom’s cement industry size is projected to reach US$ 5,795.4 million in 2033. Over the assessment period, demand for cement in the United Kingdom is set to rise at a 5.8% CAGR.
The United Kingdom has exhibited an increasing understanding of the environmental impact of cement manufacturing in recent years. The country has been researching sustainable techniques and alternative materials to reduce carbon emissions related to cement making. Blended cement and other eco-friendly options are essential in pursuing more ecologically conscious construction methods.
Key enterprises substantially contribute to meeting the cement needs of the United Kingdom’s construction industry. The performance of the construction sector, driven by factors such as rising housing demand, infrastructure investments, and commercial projects, is influencing cement consumption in the United Kingdom.
The cement industry in Germany is an important part of the country's building industry. In Germany, cement consumption is tightly linked to economic conditions, infrastructure initiatives, and environmental concerns.
Germany is well-known for its modern construction sector and commitment to environmentally friendly building standards. The country has been at the forefront of implementing environmentally friendly technologies in construction, and this trend is continuing in the cement industry. Cement manufacturers in Germany are actively researching & implementing strategies to reduce carbon emissions and improve sustainability.
Heidelberg Cement, Dyckerhoff AG, and Schwenk are the key competitors in Germany’s cement industry. These firms make substantial contributions to meeting the cement demand in Germany. Cement sales in the country are projected to soar at a CAGR of 5.0% during the assessment period.
France has been emphasizing environmentally friendly policies and sustainable practices in the construction sector. Regulations aiming at lowering carbon emissions, encouraging the use of alternative fuels, and implementing more sustainable manufacturing techniques are expected to drive the country’s cement industry.
The degree of urbanization and continuing infrastructure-building initiatives are also the key drivers of cement consumption in France. The country’s government is investing in energy, transportation, and other infrastructure projects, which is driving the cement industry's expansion.
The competitiveness of cement producers in France is influenced by technological advancements in cement manufacturing. This includes the creation of more energy-efficient and environmentally efficient processes. The state of the residential housing sector has a direct impact on cement consumption in France.
Building and remodeling operations in the residential sector are further influenced by variables such as borrowing rates, housing affordability, and demographic shifts in France. Over the forecast period, cement demand in the country is set to increase at a robust CAGR of 6.2%.
The below section shows the ordinary Portland cement segment-leading in terms of product type. It is estimated to thrive at a 5.2% CAGR between 2023 and 2033. Based on end-use, the residential and commercial building segment is anticipated to hold a dominant share through 2033. It is set to exhibit a CAGR of 5.1% during the forecast period.
| Top Segment (Product Type) | Ordinary Portland Cement |
|---|---|
| Predicted CAGR (2023 to 2033) | 5.2% |
Ordinary Portland cement, also known as OPC, is the leading and dominating product type, followed by Portland pozzolana cement (PPC). OPC is the widely consumed cement in several end-use industries in Europe, such as marine and civic infrastructure.
It is also a widely manufactured cement, and because of its high compressive strength, this product is in high demand. Growing end-use industries are favoring OPC as it is suitable for common construction applications. As a result, these factors are likely to boost OPC demand throughout the forecast period.
| Top Segment (End-use) | Residential and Commercial Building |
|---|---|
| Projected CAGR (2023 to 2033) | 5.1% |
Based on the end-use, the residential and commercial buildings segment is expected to lead, followed by civic infrastructure. Growing demand for residential and commercial buildings due to the rapid population growth is expected to propel Europe’s cement industry.
Cement consumption in this end-user segment is high owing to the increasing urbanization and growing population, which necessitates accommodation. Drainage systems, stairs, roofs & walls, foundations, and others are all considered under this segment. As a result, this segment is expected to surge at a CAGR of 5.1% throughout the forecast period.
Europe’s cement industry is consolidated, with leading players accounting for 64.2% share. CEMEX, Buzzi Unicem, CRH PLC, Anhui Conch Cement Co. Ltd., Heidelberg Materials, Duna-Drava Cement, Holcim Ltd., Titan Cement Group, and Vicat Group are the leading manufacturers and suppliers of cement listed in the report.
In order to fulfill end-user demand, key cement firms in Europe are investing in research & development to produce new products and increase their manufacturing capacity. To expand their presence, leading players are directed toward implementing growth strategies such as collaborations, acquisitions, mergers, and facility expansions.
Recent Developments
| Attribute | Details |
|---|---|
| Estimated Value (2023) | US$ 19,026.5 million |
| Projected Value (2033) | US$ 31,742.5 million |
| Anticipated Growth Rate (2023 to 2033) | 5.3% |
| Historical Data | 2018 to 2022 |
| Forecast Period | 2023 to 2033 |
| Quantitative Units | Value (US$ million) and Volume (metric tons) |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
| Segments Covered | Product Type, End-use, Region |
| Key Countries Covered | Germany, Italy, France, United Kingdom, Spain, BENELUX, Russia, Rest of Europe |
| Key Companies Profiled | CEMEX; Buzzi Unicem; CRH PLC; Anhui Conch Cement Co. Ltd.; Heidelberg Materials; Duna-Drava Cement, Holcim Ltd.; Titan Cement Group, Vicat Group; UltraTech Cement Ltd.; Arabian Cement Company; EURO CEMENT, SECIL; OYAK Cement |
Europe's industry is set to reach US$ 19,026.5 million in 2023.
Demand in Europe is slated to expand at a 5.3% CAGR through 2033.
The target industry is set to reach US$ 31,742.5 million in 2033.
The residential and commercial building is expected to garner a significant value share by 2023.
Europe’s cement industry was valued at US$ 18,178.4 million in 2022.
1. Executive Summary 1.1. Industry Outlook 1.2. Demand Side Trends 1.3. Supply Side Trends 1.4. Technology Roadmap 1.5. Analysis and Recommendations 2. Industry Overview 2.1. Industry Coverage / Taxonomy 2.2. Industry Definition / Scope / Limitations 3. Key Trends 3.1. Key Trends Impacting the Industry 3.2. Product Innovation / Development Trends 4. Key Success Factors 4.1. Product Adoption / Usage Analysis 4.2. Product USPs / Features 4.3. Strategic Promotional Strategies 5. Industry Demand Analysis 2018 to 2022 and Forecast, 2023 to 2033 5.1. Historical Industry Volume (Tons) Analysis, 2018 to 2022 5.2. Current and Future Industry Volume (Tons) Projections, 2023 to 2033 5.3. Y-o-Y Growth Trend Analysis 6. Industry - Pricing Analysis 6.1. Regional Pricing Analysis 6.2. Average Pricing Analysis Benchmark 6.3. Factors Impacting Pricing 7. Industry Demand (in Value or Size in US$ million) Analysis 2018 to 2022 and Forecast, 2023 to 2033 7.1. Historical Industry Value (US$ million) Analysis, 2018 to 2022 7.2. Current and Future Industry Value (US$ million) Projections, 2023 to 2033 7.2.1. Y-o-Y Growth Trend Analysis 7.2.2. Absolute $ Opportunity Analysis 8. Industry Background 8.1. Macro-Economic Factors 8.1.1. GDP Growth Outlook 8.1.2. Macro-Economic Factors: Impact of Economic Slowdown 8.1.3. Macro-Economic Factors: Real GDP Growth 8.1.4. Macro-Economic Factors: Region Wise GDP 8.1.5. Macro-economic Factors: Urbanization Growth 8.1.6. Growing Urbanization: Urban Population as a Percentage Of Total Population 1990 to 2050 8.1.7. Macro-Economic Factors: Manufacturing Value Added by Key Countries 8.1.8. Macro-Economic Factors: Industry Value Added By Key Countries 8.2. Forecast Factors - Relevance and Impact 8.2.1. Historical Growth Rate of Companies 8.2.2. GDP Growth Outlook 8.2.3. Research and Technology Developments 8.2.4. Construction Industry Growth Scenario 8.2.5. New Infrastructure Projects 8.2.6. Business Climate 8.2.7. Infrastructure Development 8.2.8. Construction Industry Growth 8.2.9. Government Investments 8.2.10. Sustainable Construction Practices 8.2.11. Population Growth and Urbanization 8.2.12. Road Maintenance and Repairs 8.2.13. Industrial Applications 8.2.14. Growth in Population 8.2.15. Collaboration Activities 8.3. Value Chain 8.3.1. Avg. Profitability Margins 8.3.2. Raw Material Suppliers 8.3.3. Product Manufacturers (Global) 8.3.4. Product Manufacturers (Europe) 8.3.5. Product Distributors 8.3.6. Probable End Users 8.4. COVID-19 Crisis – Impact Assessment 8.4.1. Current Statistics 8.4.2. Short-Mid-Long Term Outlook 8.4.3. Likely Rebound 8.5. Industry Dynamics 8.5.1. Drivers 8.5.2. Restraints 8.5.3. Opportunity Analysis 8.6. Supply Demand Analysis 8.7. Construction and Infrastructure Projects 8.8. PEST Analysis 8.9. Porter’s Five Forces Analysis 8.10. Industry : Key Developments 9. Industry Analysis 2018 to 2022 and Forecast 2023 to 2033, By Product Type 9.1. Introduction / Key Findings 9.2. Historical Size (US$ million) and Volume Analysis By Product Type, 2018 to 2022 9.3. Current and Future Size (US$ million) and Volume Analysis and Forecast By Product Type, 2023 to 2033 9.3.1. Ordinary Portland Cement 9.3.1.1. OPC 33 9.3.1.2. OPC 43 9.3.1.3. OPC 53 9.3.2. Portland Pozzolana (PPC) 9.3.3. Sulphate Resistant Portland Cement 9.3.4. Blended Cement 9.3.5. White Cement 9.3.6. Portland Slag (PSC 9.3.7. Super Product Type Cement 9.3.8. Hydrophobic Portland Cement 9.3.9. De-carbonated Cement 9.4. Industry Attractiveness Analysis By Product Type 10. Industry Analysis 2018 to 2022 and Forecast 2023 to 2033, By End Use 10.1. Introduction / Key Findings 10.2. Historical Size (US$ million) and Volume Analysis By End Use, 2018 to 2022 10.3. Current and Future Size (US$ million) and Volume Analysis and Forecast By End Use, 2023 to 2033 10.3.1. Residential and Commercial Building 10.3.1.1. Drainage System 10.3.1.2. Beams and Pillars 10.3.1.3. Stairs 10.3.1.4. Roofs and Walls 10.3.1.5. Foundations 10.3.1.6. Others 10.3.2. Civic Infrastructure 10.3.2.1. Dams and Ports 10.3.2.2. Roads 10.3.2.3. Bridges 10.3.2.4. Tunnels 10.3.2.5. Culverts and Sewers 10.3.2.6. Power Plants 10.3.3. Industrial and Marine Construction 10.4. Industry Attractiveness Analysis By End Use 11. Industry Analysis 2018 to 2022 and Forecast 2023 to 2033, by Country 11.1. Introduction 11.2. Historical Size (US$ million) and Volume Analysis By Country, 2018 to 2022 11.3. Current and Future Size (US$ million) and Volume Analysis and Forecast By Country, 2023 to 2033 11.3.1. Germany 11.3.2. Italy 11.3.3. France 11.3.4. United Kingdom 11.3.5. Spain 11.3.6. Russia 11.3.7. BENELUX 11.3.8. Rest of Europe 11.4. Industry Attractiveness Analysis By Country 12. Germany Industry Analysis 2018 to 2022 and Forecast 2023 to 2033 12.1. Introduction 12.2. Pricing Analysis 12.3. Historical Size (US$ million) and Volume Trend Analysis By Taxonomy, 2018 to 2022 12.4. Current and Future Size (US$ million) and Volume Forecast By Taxonomy, 2023 to 2033 12.4.1. By Product Type 12.4.2. By End Use 12.5. Industry Attractiveness Analysis 12.5.1. By Country 12.5.2. By Product Type 12.5.3. By End Use 12.6. Key Trends 12.7. Key Participants - Intensity Mapping 12.8. Drivers and Restraints - Impact Analysis 13. Italy Industry Analysis 2018 to 2022 and Forecast 2023 to 2033 13.1. Introduction 13.2. Pricing Analysis 13.3. Historical Size (US$ million) and Volume Trend Analysis By Taxonomy, 2018 to 2022 13.4. Current and Future Size (US$ million) and Volume Forecast By Taxonomy, 2023 to 2033 13.4.1. By Product Type 13.4.2. By End Use 13.5. Industry Attractiveness Analysis 13.5.1. By Product Type 13.5.2. By End Use 13.6. Key Trends 13.7. Key Participants - Intensity Mapping 13.8. Drivers and Restraints - Impact Analysis 14. France Industry Analysis 2018 to 2022 and Forecast 2023 to 2033 14.1. Introduction 14.2. Pricing Analysis 14.3. Historical Size (US$ million) and Volume Trend Analysis By Taxonomy, 2018 to 2022 14.4. Current and Future Size (US$ million) and Volume Forecast By Taxonomy, 2023 to 2033 14.4.1. By Product Type 14.4.2. By End Use 14.5. Industry Attractiveness Analysis 14.5.1. By Product Type 14.5.2. By End Use 14.6. Key Trends 14.7. Key Participants - Intensity Mapping 14.8. Drivers and Restraints - Impact Analysis 15. United Kingdom Industry Analysis 2018 to 2022 and Forecast 2023 to 2033 15.1. Introduction 15.2. Pricing Analysis 15.3. Historical Size (US$ million) and Volume Trend Analysis By Taxonomy, 2018 to 2022 15.4. Current and Future Size (US$ million) and Volume Forecast By Taxonomy, 2023 to 2033 15.4.1. By Product Type 15.4.2. By End Use 15.5. Industry Attractiveness Analysis 15.5.1. By Product Type 15.5.2. By End Use 15.6. Key Trends 15.7. Key Participants - Intensity Mapping 15.8. Drivers and Restraints - Impact Analysis 16. Spain Industry Analysis 2018 to 2022 and Forecast 2023 to 2033 16.1. Introduction 16.2. Pricing Analysis 16.3. Historical Size (US$ million) and Volume Trend Analysis By Taxonomy, 2018 to 2022 16.4. Current and Future Size (US$ million) and Volume Forecast By Taxonomy, 2023 to 2033 16.4.1. By Product Type 16.4.2. By End Use 16.5. Industry Attractiveness Analysis 16.5.1. By Product Type 16.5.2. By End Use 16.6. Key Trends 16.7. Key Participants - Intensity Mapping 16.8. Drivers and Restraints - Impact Analysis 17. BENELUX Industry Analysis 2018 to 2022 and Forecast 2023 to 2033 17.1. Introduction 17.2. Pricing Analysis 17.3. Historical Size (US$ million) and Volume Trend Analysis By Taxonomy, 2018 to 2022 17.4. Current and Future Size (US$ million) and Volume Forecast By Taxonomy, 2023 to 2033 17.4.1. By Product Type 17.4.2. By End Use 17.5. Industry Attractiveness Analysis 17.5.1. By Product Type 17.5.2. By End Use 17.6. Key Trends 17.7. Key Participants - Intensity Mapping 17.8. Drivers and Restraints - Impact Analysis 18. Russia Industry Analysis 2018 to 2022 and Forecast 2023 to 2033 18.1. Introduction 18.2. Pricing Analysis 18.3. Historical Size (US$ million) and Volume Trend Analysis By Taxonomy, 2018 to 2022 18.4. Current and Future Size (US$ million) and Volume Forecast By Taxonomy, 2023 to 2033 18.4.1. By Product Type 18.4.2. By End Use 18.5. Industry Attractiveness Analysis 18.5.1. By Product Type 18.5.2. By End Use 18.6. Key Trends 18.7. Key Participants - Intensity Mapping 18.8. Drivers and Restraints - Impact Analysis 19. Rest of Industry Analysis 2018 to 2022 and Forecast 2023 to 2033 19.1. Introduction 19.2. Pricing Analysis 19.3. Historical Size (US$ million) and Volume Trend Analysis By Taxonomy, 2018 to 2022 19.4. Current and Future Size (US$ million) and Volume Forecast By Taxonomy, 2023 to 2033 19.4.1. By Product Type 19.4.2. By End Use 19.5. Industry Attractiveness Analysis 19.5.1. By Product Type 19.5.2. By End Use 19.6. Key Trends 19.7. Key Participants - Intensity Mapping Drivers and Restraints - Impact Analysis 20. Industry Structure Analysis 20.1. Industry Analysis by Tier of Companies 20.2. Industry Concentration 20.3. Industry Share Analysis of Top Players 20.4. Production Capacity Analysis 20.5. Industry Presence Analysis 20.5.1. By End Use Footprint of Players 20.5.2. By Regional Footprint of Players 21. Competition Analysis 21.1. Competition Dashboard 21.2. Competition Benchmarking 21.3. Competition Deep Dive 21.3.1. CEMEX 21.3.1.1. Overview 21.3.1.2. Product Portfolio 21.3.1.3. Profitability by Segments (Product/Channel/Region) 21.3.1.4. Sales Footprint 21.3.1.5. Strategy Overview 21.3.2. Buzzi Unicem 21.3.3. CRH PLC 21.3.4. Anhui Conch Co. Ltd. 21.3.5. Heidelberg Materials 21.3.6. Duna-Drava Cement 21.3.7. Holcim Ltd. 21.3.8. Titan Group 21.3.9. Vicat Group 21.3.10. UltraTech Ltd. 21.3.11. Arabian Company 21.3.12. EUROCEMENT 21.3.13. SECIL 21.3.14. OYAK Cement 22. Primary Insights 23. Assumptions and Acronyms Used 24. Research Methodology
Chemicals & Materials
August 2024
REP-IN-87
302 pages
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Cement Industry Analysis in Europe
