COVID Impact On Europe Cement Market 2020-2025

Before the pandemic, the industry was not operating at full capacity; with the global economic slowdown, plants were expected to see further drops in utilization rates. While companies are likely to finish committed expansions that were delayed due to lockdowns, and start new projects beyond 2021 depending on the pace of economic recovery.

To survive and flourish, companies in Europe will need to prioritize sustainability and raise their environmental standards as governments, investors, and the general public increasingly are pushing companies to reduce their carbon footprint. Cement companies that prioritize sustainability are likely to emerge as the leaders in the next cycle.

25% of cement is consumed by:
Retailers & wholesalers (cement in bags for mortar and small concrete batches, supplying small contractors and private individuals).
Contractors producing their own concrete.
Mortars, wet and dry, for mostly major building sites.

EU cement producers own almost 60% of the cement and lime production capacity in the US, and have significant production facilities in the rest of the world.

The new European Commission announced its flagship “Green Deal” aimed at turning the EU into the first carbon-neutral continent by 2050. The Green Deal presents a number of challenges for European industry and for the cement industry in particular.

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The European cement sector has set an objective of reaching net zero greenhouse gas (GHG) emissions by 2050. It also aims to reduce emissions in the sector by 30pc by 2030 for cement and by 40pc down the value chain. The strategy involves all elements of the cement value chain: clinker, cement, concrete, construction and (re)carbonation.

The Green Deal suggests a life cycle approach in developing product policies to foster the uptake of low carbon solutions.

The Euroconstruct area reached EUR 1.60 trillion value in 2018, split into 38% for new buildings and 41% for building renovations, and 21% from civil engineering. These proportions are temporarily changing, however, with civil engineering becoming a major driver between 2017 and 2021 and new residential buildings falling behind in all regions and reappearing as a leading segment after 2021.

HeidelbergCement has strengthened its climate neutrality commitments by joining the Stiftung 2 support group, a network of private companies lobbying for climate goals. The group says that it wants to develop cross-sector approaches and concepts for Germany and Europe in order to make climate protection a sustainable and successful business model.

Vicat recorded net sales of Euro2.07bn in the first nine months of 2020, up slightly from Euro2.06bn in the first nine months of 2019. Sales rose in Africa by 23% to Eur 198m from Euro 161m, in Europe (excluding France) by 8%.

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COMPANIES PROFILED
Aalborg Portland Group
Cementir Holding
Cemex
Denizli Cement
Dyckerhoff
HeidelbergCement
Holcim Ltd
Irish Cement
Kunda Nordic Cement Corp
Lafarge
Lagan Cement
Natural Cement
Tarmac Limited
TITAN Group
Valderrivas Portland

THIS EUROPE CEMENT MARKET REPORT WILL ANSWER FOLLOWING QUESTIONS
1. Europe Cement Market size and Forecast , by region, by application
2. Average B-2-B price for Europe Cement Market, by region, per user
3. Technology trends and related opportunity for new Europe Cement Market tech suppliers
4. Market share of leading vendors, by region,
5. Coronavirus impact on Europe Cement Market earnings

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Company Name: Mobility Foresights
Contact Person: Kunal Roy
Email: sales@mobilityforesights.com
Phone: +1-315-675-4056
Address: P3&P4, HAL 3rd Stage
City: Bangalore
State: Karnataka

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