Increasing Adoption of Precast Concrete Products to Escalate Europe Cement for Concrete Products Market Growth
According to our latest market study on “Europe Cement for Concrete Products Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Product Type and End User,” the Europe cement for concrete products market size was valued at US$ 5,704.73 million in 2022 and is expected to reach US$ 8,092.18 million by 2028; it is estimated to register a CAGR of 6.0% from 2022 to 2028. The report highlights key factors driving the Europe cement for concrete products market growth and prominent players along with their developments in the market.
The cement for concrete products market is competitive due to the large presence of players across Europe. There is a growing demand for cement for producing concrete products for residential, commercial, and infrastructure constructions. Players compete with each other based on product quality and product differentiation. Concrete product manufacturers focus on offering high-quality products and fulfilling customers' needs. Market players focus on strategies to stand out as strong competitors in the market.
Europe Cement for Concrete Products Market Breakdown – by Region
Europe Cement for Concrete Products Market Forecast to 2028 - Regional Analysis By Product Type [Concrete Blocks/Flags/Curbs (With Reinforcement and Without Reinforcement), Concrete Sewer Pipes (With Reinforcement and Without Reinforcement), Concrete Garden Tiles (With Reinforcement and Without Reinforcement), and Others (With Reinforcement and Without Reinforcement)] and End User (Residential, Commercial, and Others)
Europe Cement for Concrete Products Market to Grow at a CAGR of 6.0% to reach US$ 8,092.18 million from 2022 to 2028
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The major advantage of using precast concrete is that it saves construction time. The precast concrete casting can be carried on simultaneously with other works on site, thereby saving time. A few factors that regulate the quality of construction, such as curing, temperature, mix design, formwork, etc., can be monitored for precast concrete. Hence, improved quality of construction can be performed with precast concrete. Precast concrete products offer a longer service life and minimal maintenance. The high-density precast concrete is more durable against acid attack, corrosion, and impact. Precast concrete products are available in a combination of colors and textures. Also, these products are available in various shapes and sizes, and provide smooth finishing, which is increasing the aesthetical value of products. Due to all these advantages, the use of precast concrete products is increasing for various construction activities in Europe. Therefore, the increasing adoption of precast concrete products is driving the Europe cement for concrete products market growth.
The key players operating in the Europe cement for concrete products market include Aggregate Industries, ACP (Concrete) Ltd, Consolis Group SAS, HeidelbergCement AG, HEBERGER GmbH, Irish Cement Ltd., JP Concrete Products Ltd, Vicat SA, Milbank Concrete Products Ltd, and Atlas Concrete Ltd. Players operating in the Europe cement for concrete products market focus on providing high-quality products to fulfill customer demand. They are also focusing on strategies such as investments in research and development activities and new product launches.
Impact of COVID-19 Pandemic on Europe Cement for Concrete Products Market
In Europe, the UK, Russia, France, Spain, Italy, and Germany were severely affected by the COVID-19 pandemic. These countries suffered an economic loss due to the lack of revenue from various industries. Many European Union member states implemented drastic measures and travel restrictions, including partial shutdowns of their border. The COVID-19 outbreak has also affected the supply chain of raw materials required for the construction industry, which hampered the overall manufacturing processes and research & development activities, thereby impacting the Europe cement for concrete products market growth.
However, the construction industry continues to recover in the post-pandemic period due to government initiatives and vaccination drives. This is contributing to the growth of the cement for concrete products market. In 2021, five major road infrastructure construction projects were initiated in Europe—A303/A30/A358 Road Corridor Improvement, E39 Herdal-Royskar Motorway, Nizhnekamsk-Naberezhnye Chelny Bypass, Banja Luka-Prijedor-Novi Grad Motorway, and Llogara Tunnel. The commencement of these projects is expected to increase the demand for cement for concrete products across the region in the coming years.
The report includes the segmentation of the Europe cement for concrete products market as follows:
Based on product type, the Europe cement for concrete products market is segmented into concrete blocks/flags/curbs, concrete sewer pipes, concrete garden tiles, and others. Based on end user, the Europe cement for concrete products market is segmented into residential, commercial, and others. Based on country, the Europe cement for concrete products market is segmented into Germany, France, Italy, the UK, Russia, Belgium, the Netherlands, Poland, Spain, and the Rest of Europe.
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