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Cement, Lime & Plaster Manufacturing in Europe - Market Size, Industry Analysis, Trends and Forecasts (2024-2029)

ISIC 2394 August 2024 Spotlight Report

Revenue

€40.6bn

2019-2024 2.8 %
2024-2029 X.X %

Employees

136k

2019-2024 2.9 %
2024-2029 X.X %

Businesses

1,315

2019-2024 1.8 %
2024-2029 X.X %

Wages

€X.Xbn

2019-2024 X.X %
2024-2029 X.X %

Cement, Lime & Plaster Manufacturing in Europe industry analysis

Cement, lime and plaster manufacturers have contended with numerous economic headwinds in recent years, including the COVID-19 outbreak, supply chain disruptions and aggressive interest rate hikes from central banks across Europe. These have clobbered construction activity, which is key in determining demand for cement, lime and plaster. To make matters worse, cement, lime and plaster manufacturers were forced to halt operations under COVID-19 lockdown rules, driving a dramatic decline in production output. The measures put in place to curb the virus also hit construction markets, with many projects being delayed or cancelled, further denting demand. Cement, lime and plaster manufacturing revenue is estimated to fall at a compound annual rate of 2.8% over the five years through 2024 to €40.6 billion. Revenue is set to plummet by 3.3% in 2024, although the average industry margin is expected to edge upwards to 5.3% as supply chain disruptions subside, alleviating cost pressures.

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Industry Statistics and Trends

Cement, Lime & Plaster Manufacturing in Europe key trends

The COVID-19 outbreak clobbers sales of cement, lime and plaster.

 

The pandemic brought construction markets to a halt in 2020, hitting demand.

Supply chain disruptions threaten profitability.

 

As the pandemic wound down, rebounding demand amid the gradual reopening of the economy triggered severe supply chain disruptions, ratcheting up production costs and weighing on manufacturers’ returns.

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Cement, Lime & Plaster Manufacturing in Europe

Industry Revenue

Total value and annual change from 2011-2029. Includes 5-year outlook.

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Cement, Lime & Plaster Manufacturing in Europe market size (2019-2024)

Industry revenue has declined at a CAGR of 2.8 % over the past five years, to reach an estimated €40.6bn in 2024.

Trends and Insights

Manufacturers contend with fierce inflationary pressures

  • As the COVID-19 pandemic started to wind down, the construction sector bounced back from its temporary standstill. Surging demand triggered severe supply chain disruptions, ramping up costs for cement, lime and plaster manufacturers, hurting the average industry profit margin.

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Cement, Lime & Plaster Manufacturing in Europe outlook (2024-2029)

Market size is projected to grow over the next five years.

Improving economic conditions drive investment and lift demand

  • Following an expected downturn in 2024, construction activity is set to pick up across Europe in 2025 as inflationary pressures subside and interest rates begin to fall. Growing investor optimism in anticipation of an uptick in economic growth will spur construction activity, lifting demand for cement, lime and plaster.

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Revenue

€40.6bn

2019-2024 2.8 %
2024-2029 X.X %

Employees

136k

2019-2024 2.9 %
2024-2029 X.X %

Wages

€X.Xbn

2019-2024 X.X %
2024-2029 X.X %

European Leaders & Laggards

Europe Job Growth CAGR: 2.9 % *
  • Job Growth

Top 5 Countries

  1. Denmark +9.8%
  2. Spain +8.8%
  3. France +8.3%
  4. Italy +6.3%
  5. Romania +6.0%

Bottom 5 Countries

  1. Finland -38.0%
  2. Iceland -10.6%
  3. Netherlands -8.7%
  4. Greece -8.6%
  5. Cyprus -7.9%

* CAGR values are for the years 2019-2024.

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Biggest companies in the Cement, Lime & Plaster Manufacturing in Europe

Company
Market Share (%)
2024
Revenue (€m)
2024
Profit (€m)
2024
Profit Margin (%)
2024
Holcim Ltd
32,527.6
5,331.4
16.4
CRH plc
32,820.4
2,691.1
8.2
Lhoist Group
3,551.0
261.0
7.4

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Cement, Lime & Plaster Manufacturing in Europe

Products & Services Segmentation

Industry revenue broken down by key product and services lines.

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Top Questions Answered in this Report

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What is the market size of the Cement, Lime & Plaster Manufacturing industry in Europe in 2024?

The market size of the Cement, Lime & Plaster Manufacturing industry in Europe is €40.6bn in 2024.

How many businesses are there in the Cement, Lime & Plaster Manufacturing in Europe industry in 2024?

There are 1,315 businesses in the Cement, Lime & Plaster Manufacturing industry in Europe, which has declined at a CAGR of 1.8 % between 2019 and 2024.

Has the Cement, Lime & Plaster Manufacturing industry in Europe grown or declined over the past 5 years?

The market size of the Cement, Lime & Plaster Manufacturing industry in Europe has been declining at a CAGR of 2.8 % between 2019 and 2024.

What is the forecast growth of the Cement, Lime & Plaster Manufacturing industry in Europe over the next 5 years?

Over the next five years, the Cement, Lime & Plaster Manufacturing industry in Europe is expected to grow.

What does the Cement, Lime & Plaster Manufacturing in Europe include?

Cement and Slaked lime are part of the Cement, Lime & Plaster Manufacturing industry.

Which countries have the most businesses in the Cement, Lime & Plaster Manufacturing industry in Europe?

The European country with the most businesses in the Cement, Lime & Plaster Manufacturing industry is Turkey.

How competitive is the Cement, Lime & Plaster Manufacturing industry in Europe?

The level of competition is high and increasing in the Cement, Lime & Plaster Manufacturing industry in Europe.

Related Industries

This industry is covered in 37 countries

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Table of Contents

About this industry

Industry definition

Companies in this industry manufacture clinkers and hydraulic cements like Portland and aluminous cement. They also make lime products, calcined dolomite and plaster using natural and synthetic gypsum.

Related Terms

PORTLAND CEMENT SYNTHETIC GYPSUM QUICKLIME

What's included in this industry?

CementSlaked limePlasterDolomite and dolomitic limeQuicklime

Companies

Holcim LtdCRH plcLhoist Group

Industry Code

ISIC 2006

2394 - Manufacture of cement, lime and plaster in Europe

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Performance

Key Takeaways

Manufacturers contend with fierce inflationary pressures

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Revenue Highlights

Trends
  • Revenue
  • 2024 Revenue Growth
  • Revenue Volatility

Employment Highlights

Trends
  • Employees
  • Employees per Business
  • Revenue per Employee

Business Highlights

Trends
  • Businesses
  • Employees per Business
  • Revenue per Business

Profit Highlights

Trends
  • Total Profit
  • Profit Margin
  • Profit per Business

Current Performance

Charts
  • Revenue in the Cement, Lime & Plaster Manufacturing in Europe industry (2011 -2029)
  • Employees in the Cement, Lime & Plaster Manufacturing in Europe industry (2011 -2029)
  • Business in the Cement, Lime & Plaster Manufacturing in Europe industry (2011 -2029)
  • Profit in the Cement, Lime & Plaster Manufacturing in Europe industry (2011 -2029)
Analysis

What's driving current industry performance in the Cement, Lime & Plaster Manufacturing in Europe industry?


Outlook

Analysis

What's driving the Cement, Lime & Plaster Manufacturing in Europe industry outlook?


Volatility

Analysis

What influences volatility in the Cement, Lime & Plaster Manufacturing in Europe industry?

Charts
  • Industry Volatility vs. Revenue Growth Matrix

Life Cycle

Analysis

What determines the industry life cycle stage in the Cement, Lime & Plaster Manufacturing in Europe industry?

Charts
  • Industry Life Cycle Matrix

Products and Markets

Highlights

Trends
  • Largest Market
  • Product Innovation

Key Takeaways

A slowing construction market hits demand for cement. In response to spiralling inflation, central banks across Europe ramped up interest rates, lifting the cost of borrowing and weighing on construction activity.

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Products and Services

Charts
  • Products and Services Segmentation
Analysis

How are the Cement, Lime & Plaster Manufacturing in Europe industry's products and services performing?

Analysis

What are innovations in the Cement, Lime & Plaster Manufacturing in Europe industry's products and services?


Major Markets

Charts
  • Major Market Segmentation
Analysis

What influences demand in the Cement, Lime & Plaster Manufacturing in Europe industry?


International Trade

Highlights

  • Largest Importer
  • Smallest Importer
  • Total Imports into Europe
  • Largest Exporter
  • Smallest Exporter
  • Total Exports into Europe
Heat maps
  • Industry Concentration of Imports by Country
  • Industry Concentration of Exports by Country
Data Tables

Value and annual change (%) included

  • Number of Imports and Exports by European Country (2024)

Geographic Breakdown

Business Locations

Heat maps
  • Share of Total Industry Revenue by Region (2024)
  • Share of Total Industry Enterprises by Region (2024)
  • Share of Total Industry Employment by Region (2024)
  • Share of Total Industry Wages by Region (2024)

Industry Geographic Breakdown

Data Tables

Values and annual change provided for 37 European countries:

  • Revenue (2024)
  • IVA (2024)
  • Enterprises (2024)
  • Employment (2024)
  • Exports (2024)
  • Imports (2024)

Competitive Forces

Highlights

Trends
  • Concentration
  • Competition
  • Barriers to Entry
  • Substitutes
  • Buyer Power
  • Supplier Power

Key Takeaways

Larger manufacturers hold a strong position. The industry is dominated by multinational companies that can leverage economies of scale and benefit from improved cost efficiencies.

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Supply Chain

Charts

Buyer and supply industries

Companies

Market Share

Charts
  • Industry Market Share by Company (2019-2024)

Companies

Data Tables

Top 10 companies by market share:

  • Market share (2024)
  • Revenue (2024)
  • Profit (2024)
  • Profit Margin (2024)

Data Tables
  • Countries of operation for Holcim Ltd
  • Countries of operation for CRH plc
  • Countries of operation for Lhoist Group
  • Countries of operation for Cemex, SAB de CV
  • Countries of operation for Buzzi Unicem SpA
  • Countries of operation for Heidelberg Materials AG
  • Countries of operation for Knauf Gips KG
  • Countries of operation for OYAK Group
  • Countries of operation for Saint-Gobain SA
  • Countries of operation for Sika AG

External Environment

Highlights

Trends
  • Regulation & Policy
  • Assistance

Key Takeaways

Regulation promotes sustainable manufacturing practices. Cement, lime and plaster manufacturers adhere to a range of regulations that ensure product quality, safety and environmental protection.

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External Drivers

Analysis

What demographic and macroeconomic factors impact the Cement, Lime & Plaster Manufacturing in Europe industry?

Financial Benchmarks

Highlights

Trends
  • Profit Margin
  • Average Wage
  • Largest Cost

Key Takeaways

Inflationary pressures weigh on profitability. Rising costs due to supply chain disruptions since the COVID-19 outbreak have squeezed the average industry margin.

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Cost Structure

Charts
  • Share of Economy vs. Investment Matrix
  • Industry Cost Structure Benchmarks:
    • Marketing
    • Depreciation
    • Profit
    • Purchases
    • Wages
    • Rent
    • Utilities
    • Other
Analysis

What trends impact cost in the Cement, Lime & Plaster Manufacturing in Europe industry?


Key Ratios

Data tables
  • IVA/Revenue (2014-2029)
  • Imports/Demand (2014-2029)
  • Exports/Revenue (2014-2029)
  • Revenue per Employee (2014-2029)
  • Wages/Revenue (2014-2029)
  • Employees per Establishment (2014-2029)
  • Average Wage (2014-2029)

Country Benchmarks

European Leaders & Laggards

Data Tables

Top and boottom five countries listed for each:

  • Revenue Growth (2024)
  • Business Growth (2024)
  • Job Growth (2024)

European Country Performance

Data Tables

Rankings available for 37 countries. Statistics ranked include:

  • IVA/Revenue (2024)
  • Imports/Demand (2024)
  • Exports/Revenue (2024)
  • Revenue per Employee (2024)
  • Wages/Revenue (2024)
  • Employees per Establishment (2024)
  • Average Wage (2024)

Structural Comparison

Data Tables

Trends in 37 countries benchmarked against trends in Europe

  • Concentration
  • Competition
  • Barriers to Entry
  • Buyer Power
  • Supplier Power
  • Volatility
  • Capital Intensity
  • Innovation
  • Life Cycle

Key Statistics

Industry Data

Data Tables

Including values and annual change:

  • Revenue (2014-2029)
  • IVA (2014-2029)
  • Establishments (2014-2029)
  • Enterprises (2014-2029)
  • Employment (2014-2029)
  • Exports (2014-2029)
  • Imports (2014-2029)
  • Wages (2014-2029)

Methodology

Where does IBISWorld source its data?

IBISWorld is a world-leading provider of business information, with reports on 5,000+ industries in Australia, New Zealand, North America, Europe and China. Our expert industry analysts start with official, verified and publicly available sources of data to build an accurate picture of each industry.

Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and IBISWorld's proprietary database of statistics and analysis to provide balanced, independent and accurate insights. 

IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools.

To learn more about specific data sources used by IBISWorld's analysts globally, including how industry data forecasts are produced, visit our Help Center.