Global Soil Stabilization Market is valued at USD 24.27 Billion in 2021 and expected to reach USD 33.47 Billion by 2028 with a CAGR of 4.7% over the forecast period
Soil Stabilization is a course of improving and upgrading soil strength and expanding its weight-bearing limit. Soil stabilization helps in modifying the soil properties to enhance durability, stability, compressibility, etc. using different methods method such as chemical stabilization and mechanical method refer to changing the dirt properties by adding chemicals. Moreover, soil stabilization helps in altering soil’s physical properties like durability and resistance to softening. Adding soil stabilization reduces soil movement by keeping it intact in place, reduces soil erodibility by altering soil structure, changes the soil's physical properties, and retains soil moisture. Furthermore, interestingly, the mechanical and chemical soil adjustment further develops the designing attributes of the hazardous soil by expanding compressive strength and penetrability and further developing durability, in this manner making it appropriate for farming exercises.
During Covid-19, global chemicals and agriculture industries were severely disrupted by this pandemic, due to the supply chain disruptions, product disruptions due to lockdowns, and office closures. China, for example, is the world's largest assembling centre and the largest supplier of raw materials for various businesses. And during this period, a long period of lockdown was declared in China, which had a huge impact on the market. Liked. Agricultural problems were caused by (a) labor shortage and (b) transportation and market problems. However, with increasing investment and a positive outlook for the soil stabilization market in developing and developing regions, the market began to recover rapidly after the lockdown.
The Global Soil Stabilization Market is segmented based on methods, application, additive and geography. Based on method, the global soil stabilization market is classified into mechanical method and chemical method. Based on application, the global soil stabilization market is classified into industrial, non-agriculture, and agriculture. Based on additive, the market is divided into polymers, mineral & stabilizing agents and other.
Some of the key players in the Global Soil Stabilization Market are
On April 11th, April 2022; Researchers at Indian Institute of Technology (IIT), Mandi, developed sustainable techniques for soil stabilization using a harmless bacteria called S Pasteurii that hydrolyse urea to precipitate calcite. The process does not involve hazardous chemicals, and natural resources can be used sustainably.
Increasing infrastructure development due to urbanization and growing building & construction industry are driving the growth of the market. Infrastructural development due to urbanization in the emerging economies would propel the demand for soil stabilization market in the coming future. The increasing demand for infrastructure development from the government side is more likely to boost the soil stabilization market if proper methods aren't used while constructing roads, it can create irreversible deterioration of the road, leading to soaring costs and a financial impact on the economy. Using cementitious materials such as lime, ash, and cement in road construction, soil stabilization stabilizes unbound soil materials.
In addition, increasing advancements in the field of agricultural activities would be a key contributing factor to the expansion of the market. The increased demand for waterproofing in order to preserve natural or manmade structures has increased the use of stabilization materials. Globally, more than 2,500 infrastructure projects were announced in 2020, an increase of 5.5 percent from 2019. Additionally, in 2021, global commercial real estate investment reached a new high of USD 1.3 trillion, up 55 percent from 2020 and 21% from 2019. In Q4, global investment volume surged by 54% year on year to a new high of USD 498 billion. Global volume for the whole year 2021 climbed by 55% from 2020 and 21% from 2019. Four countries – China, India, US, and Indonesia – to account for 59.1% of global growth in construction which directly propels the growth of soil stabilization market.
However, during soil stabilization, some chemical agents can release toxic compounds that can harm the environment and the general population and increasing the risk of groundwater contamination, which may hinder the growth of the market. In spite of that, increasing investing by key players in this field may offer more growth opportunities for the further growth of the market.
The Asia Pacific is expected to show a significant growth in the global soil stabilization market. The increasing awareness regarding soil erosion and soil management practices drives the growth of the market in this region. In addition, rising infrastructure development and increasing agricultural practices owing to the urbanization in the emerging economies in this region. The increasing demand for soil stabilization machines by manufacturers in the construction sector is likely to supplement the growth of the market. As a result of rapid industrialization, industrial sectors in the region are having a greater need for infrastructure developments, which in turn boosts the sales of stabilization products. Moreover, according to Brandessence market research, in the first quarter of 2022, India had invested worth USD 57.65 billion (826 projects) in the project and technical assistance. On the other side, 1314 projects were announced worth USD 45.88 billion in China which pushes the growth of the soil stabilization market
However, South America is anticipated to stay a key region within the market owing to the increasing utilization of soil stabilization in the industrial and agriculture sector. South America is a significant net exporter of food and agricultural commodities, accounting for 16% of global food and agriculture exports and 4% of global food and agriculture imports. As a result, a healthy and safe working environment has led to a boost in the soil stabilization market.
Middle East and Africa
|2015 - 2021
|2022 - 2028
|Market Size in 2021:
|USD 24.27 Billion
|Base year considered
|Forecast Period CAGR %:
|Market Size Expected in 2028:
|USD 33.47 Billion
|Tables, Charts & Figures:
|Soil Stabilization Companies
|AggreBind, Inc, AltaCrete, Bonar GeoTextiles, Carmeuse Group S.A., Caterpillar Inc., Earthlok Soil Stabilizer, FAYAT Group, Global Road Technology, Graymont Limited, Low & Bonar, Part of the Freudenberg Group, SNF Holding Company, Soilworks, LLC, Tensar International Corporation, Terratech Group Ltd., URETEK Holdings, Inc., Wirtgen Group, Others.
|By Method, By Application, By Additive
|North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of the Middle East and Africa
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