The manufacture of cement, lime, and plaster sector in Germany has experienced steady growth over the past decade. Starting from a production value of 3.74 billion euros in 2013, it reached 7.07 billion euros by 2023. The sector recorded significant year-on-year growth spikes, particularly in 2016 and 2019, witnessing increases of 18.25% and 15.64%, respectively. Over the last two years, from 2022 to 2023, the sector grew by 6.48%. The Compound Annual Growth Rate (CAGR) over the last five years has been robust at 8.36%. According to forecasts, the sector is predicted to continue expanding, with a CAGR of 4.11% from 2024 to 2028.
Future trends to watch for:
- The integration of sustainable and green production methods.
- Advancements in technology driving efficiency.
- Shifts in market demand influenced by construction and infrastructure projects.
- Regulatory changes impacting production standards.
