Market Size of Europe Green Cement Industry
| Study Period | 2019-2029 |
| Base Year For Estimation | 2023 |
| Market Volume (2024) | 0.98 Million tons |
| Market Volume (2029) | 1.52 Million tons |
| CAGR (2024 - 2029) | > 9.00 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Europe Green Cement Market Analysis
The Europe Green Cement Market size is estimated at 0.98 Million tons in 2024, and is expected to reach 1.52 Million tons by 2029, growing at a CAGR of greater than 9% during the forecast period (2024-2029).
The COVID-19 pandemic in 2020 affected several industries negatively. The lockdown in most European countries caused construction activities to slow down, leading to reduced demand for green cement in the region. The green cement market's conditions started to recover in 2021 as the vaccination rates were increased and multiple government restrictions were lifted.
Over the short term, growth in sustainable projects in major economies like Germany, France, the United Kingdom, and Italy, favorable government policies for the usage of green cement, and availability of raw materials are major factors driving the growth of the market studied.
However, the rising cost of construction is likely to restrain the growth of the studied market.
Nevertheless, research and development of novel products as raw materials for green cement will likely create lucrative growth opportunities for the global market.
Germany represents the largest market over the forecast period due to the increasing adoption of green cement in its construction projects.
