Market Overview
The Spain cement market was valued at USD 6,895.81 Million in 2025 and is forecasted to reach USD 10,672.75 Million by 2034, growing at a CAGR of 4.97% during the forecast period 2026-2034. This growth is driven by increasing infrastructure investments, rising residential construction activities, and a strong commitment to sustainable building practices. The integration of digital technologies and the emphasis on low-carbon production methods further bolster market expansion.
Study Assumption Years
- Base Year: 2025
- Historical Year/Period: 2020-2025
- Forecast Year/Period: 2026-2034
Spain Cement Market Key Takeaways
- The market size was valued at USD 6,895.81 Million in 2025 with a CAGR of 4.97%, expected to reach USD 10,672.75 Million by 2034.
- Blended cement dominates the market with a 55% share in 2025, favored for durability, reduced carbon footprint, and compliance with European sustainability regulations.
- Residential construction leads end-use with a 40% share, driven by urbanization, housing demand, and government affordable housing initiatives.
- The National Recovery and Resilience Plan accelerates infrastructure modernization projects, boosting cement demand.
- Digital manufacturing advancements and smart batching technologies improve production quality and efficiency.
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Market Growth Factors
The Spanish government has invested heavily in the transport infrastructure with extensions of several high speed rail networks, upgrades to roads and expansions of ports. For example, Puertos del Estado has estimated that state-owned ports will require over €7 billion of investments from between 2025 and 2029 to improve infrastructure and port connections. To invest in renewable energy and modernize generation and the grid would also require important quantities of cement-based construction materials. These would provide long-term consistent demand pipelines for the cement industry nationally across all forecast periods.
Urbanization remains a key driver of Spain’s cement market. Population growth is driven by migration both from within Spain and internationally. The Bank of Spain estimated a theoretical housing shortfall of about 700,000 homes as of September 2025. Government housing construction projects include the €1.3 billion PERTE for Industrialisation of Housing program, which was launched in April 2025 and intended to build 15,000 industrialized homes per year at affordable prices. Low mortgage rates and favorable lending conditions promote additional residential real estate development and consumption.
The green building movement has encouraged the development and use of low-carbon cement products, as have EU environmental regulations and the national emissions reductions targets of Spain. Green building certification systems such as BREEAM and LEED often include low-carbon and sustainable cements. Use of alternative fuels, fly ash or ground granulated blast-furnace slag as cement substitutes, carbon capture technology and low-CO2 cements (such as those launched by Molins in 2025) can all reduce the carbon dioxide emitted during cement production. The country’s move toward green airport construction is raising demand for blended and low-carbon cement.
Market Segmentation
By Type:
- Blended: Constitutes 55% of the market in 2025. This type combines traditional Portland cement with supplementary materials to enhance durability, workability, and chemical resistance while reducing clinker use and carbon footprint. Regulatory mandates and availability of industrial by-products promote widespread adoption.
By End-Use:
- Residential: Dominates with a 40% share in 2025. This segment is driven by population growth, urban migration, and government housing schemes addressing shortages in metros like Madrid, Barcelona, and Valencia. Cement is crucial for structural, foundational, and finishing elements in housing, supported by building renovations and modernization demands.
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Regional Insights
Northern Spain, Eastern Spain, Southern Spain, and Central Spain are the key regions covered.
Central Spain, dominated by the Madrid metropolitan area, is the largest cement consumption center nationally. Its status as an economic and political hub drives commercial construction, infrastructure development, and government-funded projects. Residential demand linked to housing shortages in Madrid supports sustained cement consumption in this region.
Recent Developments & News
In January 2025, Votorantim Cimentos Spain joined Madrid World Capital (MWCC), emphasizing innovation, circular economy, and decarbonized construction. The company also invested €3.2 million in a new clinker cooler at its Málaga plant to boost thermal efficiency and produce lower-carbon cement. In June 2025, Molins received permits to build a hydrogen electrolysis facility at Sant Vicenç dels Horts to use 300 tpa hydrogen in clinker kilns, reducing 3,600 t CO₂ emissions and advancing sustainability goals for 2030. Molins also invested €100 million in precast concrete, acquiring Concremat and expanding production capabilities for sustainable urban housing.
Key Players
- Molins
- Votorantim Cimentos
- Heidelberg Materials Spain
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