The worst is over for Europe’s building materials industry

The European building materials industry is beginning to rebound after experiencing a significant decline. According to a recent report by ING, this recovery is expected to continue as the housing market steadily improves. US import tariffs on EU products are projected to have a minimal impact on most European building material suppliers. Further recovery expected in the building materials industry ING anticipates a further revival of the building materials industry in 2025, encompassing concrete, cement, and bricks. The sector faced substantial difficulties in 2022 and 2023 due to a decline in demand for new houses, the primary market ...