The cement turnover in Spain is forecasted to decline from €1.35 billion in 2024 to €1.07 billion in 2028. In 2023, the sector stood at €1.43 billion. Over the past two years, a consistent decline is observed: -6% from 2024 to 2025, and -5.5% from 2025 to 2026. The longer-term trend continues with -5% from 2026 to 2027, and -6.1% from 2027 to 2028. The compound annual growth rate (CAGR) over the 5-year period is -5.4%.
Future trends to watch for:
• Increasing regulatory policies aiming at reducing carbon emissions in the cement industry.
• Technological innovations in sustainable construction materials which may impact demand.
• Economic fluctuations and infrastructure investment plans in Spain.
