Portugal Cement Market size is projected to grow at a CAGR of 4.2% during 2025-2031

Residential sector by Application held the highest revenue share in Portugal Cement Market -6Wresearch

In 2024, the residential sector dominated the application segment of Portugal’s cement market due to the growing demand for new housing driven by urbanization and population growth. As cities like Lisbon and Porto expanded, there was an increased need for residential construction, including both new homes and apartments. The rise in real estate investments, coupled with government initiatives to support affordable housing, further fuelled cement consumption in the residential sector.

According to 6Wresearch, Portugal Cement Market size is projected to grow at a CAGR of 4.2% during 2025-2031. The Portuguese cement market has demonstrated consistent growth, supported by strong demand across residential, commercial, and infrastructure sectors. From 2019 to 2024, growth was somewhat hindered by rising material costs and labor shortages but remained robust due to urbanization and a steady need for housing. With GDP growth and heightened government investment in infrastructure, the sector maintained its resilience. The Decree-Law 10/2024, which simplified construction licensing procedures, played a pivotal role in accelerating construction activities, further boosting cement demand in residential and infrastructure segments.

Currently, the cement market benefits from significant infrastructure projects, including the expansion of high-speed rail, airports, and metro systems. Investments in renewable energy infrastructure, such as the MadoquaPower2X green hydrogen plant and the Porto-Lisbon high-speed railway, are creating substantial demand for cement. In June 2024, Portugal's construction sector grew significantly, outpacing the EU, driven by the adoption of digitalization, green building practices, and offsite construction techniques. The Urban Simplex reforms in March 2024 have accelerated urbanization, further increasing cement consumption in residential and infrastructure projects.

According to Sumit, Senior Research Analyst, 6Wresearch, Portland cement holds the highest share in Portugal's cement market due to its versatility and essential role in large-scale infrastructure projects. It is the primary material used in high-demand developments, which involves constructing superyacht berths and other infrastructure, driving demand for durable and strong cement solutions.

The Portugal Cement Market (2025-2031) report provides an in-depth analysis with 12 figures and 7 tables, covered in 52 pages. The report thoroughly covers the market by Type and application. The Portugal Cement Market Outlook Report provides an unbiased and detailed analysis of the ongoing Portugal Cement Market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.