Europe Cement Industry Market Size & Forecast by Value and Volume Across 50+ Market Segments for Cement Products, Distribution Channel, Market Share, Import - Export, End Markets - Databook Q1 2024 Update

The cement industry in Europe region is expected to grow by 3.4% on an annual basis to reach US$ 33.76 billion in 2024.

The European cement market is expected to steady growth over the medium term. Innovation is expected to rise significantly across the region, with several big and small firms investing in net-zero initiatives. Holcim, for instance, is developing a new manufacturing plant to produce net zero cement. The firm is investing more than €500 million to produce net zero cement at a plant in Belgium.

Innovative startups, on the other hand, are also raising venture capital funding to develop new and innovative cement products. Cemvision, for instance, announced that the firm had secured a €10 million seed investment in March 2024. The firm offers a sustainable alternative to traditional Portland cement. Overall, the publisher maintains a positive growth outlook for the cement market in Europe over the next three to four years.

Holcim is developing a new manufacturing plant to develop net zero cement in Belgium

Holcim, one of the leading building materials firms, announced that the firm has commenced development of a new plant in Belgium in May 2024. The new plant is specifically aimed at producing new zero cement while supporting the European decarbonization goals.

• Holcim is expecting the investment in the new plant to reach more than €500 million, which will enable the firm to produce 2 tonnes of net zero cement every year by 2029. The GO4ZERO plant, in the first phase, will introduce an air-oxyfuel switchable kiln, along with carbon purification technology. This is projected to reduce carbon emissions intensity by 30%.
• In the next phase, CO2 from the plant will be captured and purified using Air Liquide’s Cryocap technology. This will then be stored under the North Sea. The plant will obtain over 95% of its energy from alternative fuels and will feature Europe’s largest floating solar panel installation. Furthermore, more than 30% of its raw materials will come from partially decarbonized alternatives, primarily industrial waste.

This project launch follows Holcim’s commitments in 2023, including a pledge to invest CHF 2 billion or US$2.2 billion in carbon capture technologies by 2030 and capture over 5 million tons of CO2 annually. Holcim also aims to reduce its scope 1 emissions per ton of cementitious material by more than 22% by 2030.

Innovative cement startups are raising funding rounds to lead the net-zero initiative in Europe

Innovation is poised to grow rapidly in the European cement market, with most large and small companies focusing their efforts on net-zero initiatives. While Holcim is investing over €500 million to produce net-zero cement, innovative startups have also emerged in the segment, which is looking to lead the net-zero initiative in the region. These startups, to further their initiatives, are raising venture capital funding in 2024.

• Sweden-based Cemvision, in March 2024, announced that the firm had secured a €10 million seed investment. This seed funding round was led by Polar Structure, Backing Minds, and Zacua Ventures. The announcement comes after Cemvision received its first official customer contract. The firm is planning to use the capital to drive its short-term growth. Notably, this is the largest seed round ever recorded for a green cement startup.

The firm offers a sustainable alternative to traditional Portland cement, slashing CO2 emissions by over 95% while maintaining durability and performance. The cement is made from recycled industrial waste and uses green electricity to power kilns at much lower temperatures. Furthermore, Cemvision’s cement develops early strength up to five times faster than Portland cement, enhancing productivity.

Firms are entering into a strategic collaboration to create the first net-zero cement works in the United Kingdom

Heidelberg Materials, in February 2024, entered into a strategic partnership with Mitsubishi Heavy Industries and Worley. This is part of the firm’s strategy to deliver carbon-capture technology at its facility.

• Heidelberg Materials plans to construct a new carbon-capture and storage (CCS) facility that will capture up to 800,000 tonnes of CO2 annually and produce evoZero, the firm’s net-zero carbon-captured cement, as soon as 2028. When operational, this facility will supply net-zero building materials for significant projects across the United Kingdom, aiding in the decarbonization of the construction industry and supporting its goal of becoming a net-zero business.

Going forward, in 2024, more cement manufacturers are expected to enter into such strategic collaborations. These strategic partnerships are expected to aid innovation in the sector over the medium term.

The medium to long term growth story in region remains intact. The cement industry in region is expected to grow steadily over the next four quarters. The growth momentum is expected to continue over the forecast period, recording a CAGR of 3.2% during 2024-2028. The cement output in the region is expected to increase from US$ 32.67 billion in 2023 to reach US$ 38.26 billion by 2028.

This market intelligence report provides a detailed view of market opportunities in the cement industry. With over 50+ KPIs, covering construction markets, distribution channel, end-user, and products in each country, this databook offering primarily provides data-centric analysis with charts and tables.

• Cement Market Dynamics: Provides a comprehensive data-centric view of size and structure, industry dynamics, and cement opportunities in the various end-user segments.
• Distribution Channel: Provides an in-depth analysis of cement distribution channel across products at country level in value terms.
• Cement Products: Provides demand analysis of market by 4 key segments: Portland Cement, Blended Cement, Specialty Cement, and Green Cement. This segment also includes in depth analysis of further sub-segments of 8 cement product types.

The research methodology is based on industry best practices. Its unbiased analysis leverages a proprietary analytics platform to offer a detailed view on emerging business and investment market opportunities.

This title is a bundled offering, combining the following 11 reports (300 tables and 470 charts):

• Regional Report - Europe Cement Business and Investment Opportunities (2018-2028) Databook
• Country Report 1 - Germany Cement Business and Investment Opportunities (2018-2028) Databook
• Country Report 2 - United Kingdom Cement Business and Investment Opportunities (2018-2028) Databook
• Country Report 3 - Russia Cement Business and Investment Opportunities (2018-2028) Databook
• Country Report 4 - France Cement Business and Investment Opportunities (2018-2028) Databook
• Country Report 5 - Italy Cement Business and Investment Opportunities (2018-2028) Databook
• Country Report 6 - Netherlands Cement Business and Investment Opportunities (2018-2028) Databook
• Country Report 7 - Spain Cement Business and Investment Opportunities (2018-2028) Databook
• Country Report 8 - Switzerland Cement Business and Investment Opportunities (2018-2028) Databook
• Country Report 9 - Poland Cement Business and Investment Opportunities (2018-2028) Databook
• Country Report 10 - Greece Cement Business and Investment Opportunities (2018-2028) Databook

Scope

This databook offering provides a detailed data-centric analysis of the cement industry, covering market opportunity, and industry dynamics by cement products and end-user, construction market and distribution channel at country and regional level.

In addition, it also provides market size of the cement products and its demand analysis at regional and country level in Europe. With over 50+ KPIs at the country level, this report provides comprehensive understanding of market dynamics at a more granular level.

Each regional and country databook provides the breakdown of the cement market as detailed below:

Cement Outlook: 10-year market size & forecast in value and volume

Cement Outlook by product type: 10-year market size & forecast in value and volume

• Portland cement
• Blended Cement
• Portland Cement
• Specialty Cement
• Green Cement

Cement Market by type of Portland Cement, 2019-2028

• Type IS (X), Portland-Slag Cement
• Type IP (X), Portland-Pozzolan Cement
• Type IL (X), Portland-Limestone Cement
• Type IT, Ternary Blended Cement

Cement Market by type of Specialty Cement, 2019-2028

• Rapid Hardening Cement
• High Alumina Cement
• White Cement
• Sulphate Resistant Cement
• Others

Cement Market by Key Markets, 2019-2028

• Residential Buildings
• Non-Residential Buildings
• Infrastructure & Other Markets

Cement Market by Distribution Channel, 2019-2028

• Direct Channel
• Indirect Channel

Cement Market by End-User, 2019-2028

• Ready-Mix Concrete Producers
• Consumers
• Concrete Product Manufacturers
• Other End Users

Cement Market Share by Key Players, 2023

Cement Market Top Import Destinations, 2023

Cement Market Top Export Destinations, 2023

Reasons to buy

With over 50+ KPIs at the country and regional level, this report provides comprehensive understanding of market dynamics at a more granular level.

• Provide In-depth Understanding of Cement Market Dynamics: Market opportunity, industry dynamics, key trends, restraints and drivers across 50+ market segments.
• In Detail Segmentation of Cement Product Analysis: This report provides demand analysis for four segments of the cement market (Portland, Blended, Specialty, Green) covering 8 cement products, end-users (residential, non-residential, infrastructure), and distribution channels.
• Develop Market-Specific Strategies: Identify growth segments and target specific opportunities to formulate your strategy; assess market-specific key trends, drivers, and risks in the cement industry.
• Market Share Analysis: Understand the competitive landscape by identifying key players and their market share.
• Import & Export Data: Gain insights into cement trade by knowing the top import and export destinations.