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

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 cement for concrete products market is bolstering owing to rising demand from various end-use industries and the rapid increase in construction activities due to population expansion. Moreover, there is an increase in demand for precast concrete products from various end use sectors such as residential, non-residential, and commercial. Further, based on end-user, the Europe cement for concrete products market is segmented into residential, commercial, and others. The commercial segment held the largest share in 2022, and the residential segment is expected to register the highest CAGR during the forecast period.

Germany accounted for the largest portion of the Europe cement for concrete products market share in 2022. Germany is one of the major contributors to the Europe cement for concrete products market growth.  The increasing population in the country has led to rising demand for housing and commercial buildings. This has resulted in a significant increase in the consumption of cement for concrete products. In Germany, the major factors driving the cement for concrete products market are growing construction activities in the country and increasing investments in the construction sector. Cement is used for making different concrete products, such as concrete blocks, concrete sewer pipes, and concrete garden tiles. These concrete products are used in residential, commercial, and other construction activities. The construction industry in Germany benefits from a stable economy, investments in construction projects, and a progressive focus on energy efficiency that is supported by the federal government.

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Europe Cement for Concrete Products Market: Strategic Insights

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Impact of COVID-19 Pandemic on Europe Cement for Concrete Products Market

The COVID-19 pandemic disrupted the cement for concrete products market growth in Europe due to the slowdown of raw material production, supply chain instability, trade bans, and decreased demand for new construction projects. Further, reduced activities related to residential and commercial construction are a few factors that have negatively impacted the cement for concrete products market growth in Europe. In addition, the COVID-19 pandemic has impacted operational efficiency and disrupted the value chains due to the sudden shutdown of national and international boundaries, creating revenue loss. The disturbed value chain hampered the raw material supply. However, with the recovery of the economies, the demand for concrete products is rising in the region. The construction industry continues to recover in the post-pandemic period due to government initiatives and vaccination drives. This is contributing to the Europe cement for concrete products market growth.

Europe Cement for Concrete Products Market Breakdown – by Region

Market Insights

Upsurge in Construction Activities in Europe

According to the European Commission, in Europe, the construction industry contributes ~9% to the gross domestic product (GDP). The industry supports the economy's growth by assisting the supply chain, which creates several business opportunities and services, thereby increasing employment rates as well. In Europe, there is a growing focus on the renovation and remodeling of old buildings, along with significant investment to improve public infrastructure. Moreover, rising populations have led to a rapid expansion of cities, requiring more and better infrastructure of road, rail, housing, and office spaces. Germany is Europe’s biggest construction market; as a result, the construction sector in the country is growing significantly. The requirement for residential buildings in the country is increasing due to rising population and a favorable economic environment. A few of these residential buildings also include interesting niches, such as multigenerational houses, micro-apartments, and prefabricated buildings. In addition, Nantes New CHU Hospital Development, Paris Tour Triangle High-Rise Building, Yves-du-Manoir Stadium Renovation, Entre-Deux-Mers High School, and Eco-Pole Waste Sorting Plant are a few of the construction projects initiated in 2022 in France. Further, growth in residential construction activities is one of the major drivers of the construction industry in the UK. Hence, an upsurge in construction activities in Europe is driving the cement for concrete products market growth in the region.

Product Type Insights

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. The  concrete sewer pipes segment individually accounted for the largest portion of the Europe cement for concrete products market share in 2022. Footings, walls, beams, etc., are widely used for various construction applications where load-bearing capacity, structural stability, and durability are critical. Concrete footings, also known as foundation footings, are an essential component of many construction projects in Europe. They provide support and stability to buildings, bridges, and other infrastructure by transferring loads from the structure to the ground. Concrete walls are used for structural, load-bearing purposes as well as for nonstructural or decorative purposes. Reinforcement is commonly used in concrete walls in several buildings across Europe to enhance their strength and durability.

Europe Cement for Concrete Products Market, by Product Type – 2022 and 2028

Access Data

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.

Report Spotlights

• Progressive industry trends in the Europe cement for concrete products market to help players develop effective long-term strategies
• Business growth strategies adopted by developed and developing markets
• Quantitative analysis of the Europe cement for concrete products market from 2020 to 2028
• Estimation of demand for cement for concrete products in Europe
• Porter’s Five Forces analysis to illustrate the efficacy of buyers and suppliers operating in the industry
• Recent developments to understand the competitive market scenario
• Market trends and outlook, as well as factors driving and restraining the Europe cement for concrete products market growth
• Assistance in the decision-making process by highlighting market strategies that underpin commercial interest, leading to the market growth
• The Europe cement for concrete products market size at various nodes
• Detailed overview and segmentation of the market, as well as the Europe cement for concrete products industry dynamics
• The Europe cement for concrete products market size in various countries with promising growth opportunities

Company Profiles

• 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
• Atlas Concrete Ltd

Europe Cement for Concrete Products Report Scope