Global Soil Stabilization Market is valued at USD 28.36 Billion in 2021 and expected to reach USD 38.91 Billion by 2028 with a CAGR of 4.62% over the forecast period.
Soil Stabilization Market: Global Size, Trends, Competitive, Historical & Forecast Analysis, 2020-2025. Increasing technological advancement in infrastructure coupled with rapid urbanization which leads to rise in infrastructure development and government initiatives as well as financial support for infrastructure activities to build dams, roadways, railway, hospital and school as well as increasing demand of soil stabilizers in agriculture to improve soil condition are some important factors driving the growth soil stabilization market.
Soil stabilization is a method of changing natural soil and improves soil strength or maintains stability of soil by chemical or physical treatment. In soil stabilization process physical properties of soil such as tensile strength, resistance to softening by water, and compressibility are altered by adding various additives to the soil such as polymers and stabilizing agents. There are two methods of soil stabilization such as mechanical stabilization and chemical stabilization. Mechanical stabilization is a process in which physical nature of soil is altered by either induced vibration or compaction or by incorporating other physical properties such as barriers and nailing. Chemical stabilization is a process in which soil stabilization is depended upon chemical reaction between stabilizer and soil minerals such as cement, lime, fly ash and bitumen, this reduces the moisture content in soil and make ideal for construction of projects. It is widely used in construction industry for building roads, highway networks, canals, dams and reservoirs. In agriculture soil stabilization improves crop yield and reduces maintenance cost equipment damage.
Soil stabilization market is segmented into method, additive, application, region and country. On the basis of method, soil stabilization market is segmented into chemical and mechanical. Based on the additive, soil stabilization market is segmented into polymer, mineral & stabilizing agent and others. On the basis of application, soil stabilization market is segmented into agriculture, industrial, construction and others.
The regions covered in global soil stabilization market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, Global soil stabilization market sub divided in U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, South East Asia, GCC, Africa, etc.
Global soil stabilization market reports cover prominent players like,
News: 03 Dec2020- Global Road Technology (GRT), a leading player of dust and erosion control specialist has continued its global expansion with the opening of new venture focusing on brazalian market. The company will focus on servicing the needs of the agri-business and resource sectors across the country providing a turnkey solution for the construction and maintenance of safer and more sustainable infrastructure and operations.
The key factor for the growth of soil stabilization market is increasing construction activity across the globe coupled with rapid urbanization. Furthermore, increasing demand of soil stabilizer in agriculture owing to its benefit such as it improves crop yield, soil condition and reduces maintenance cost equipment damage is driving the growth of soil stabilization market. In addition, increasing government investment in building roadway, dams, canals, government hospitals and school and others this drives soil stabilization market. Additionally, increasing technological advancement coupled with rising infrastructure development in worldwide is driving the growth of soil stabilization market. However, the factors which restrict the growth of soil stabilization market are high cost of soil stabilizer material. Moreover, more research and development in soil stabilizer material will create huge opportunity in soil stabilizer material.
North-America is expected to dominate the growth of soil stabilization market due to increasing technological advancement in this region. Furthermore, increasing awareness about benefits of soil stabilizer is driving the growth of soil stabilization market.
Asia-Pacific is projected to grow at faster pace due to increasing population which leads to rise in construction activity in this region. In addition, increasing government initiatives and financial support for infrastructure activities to build dams, roadways, railway, hospital and school is driving the growth of soil stabilization market.
Europe is anticipated to grow due to increasing demand of soil stabilizer in agriculture owing to its benefits such as it improves crop yield, soil condition and reduces maintenance cost equipment is driving the growth of soil stabilization market.
|Historical data||2015 - 2022|
|Forecast Period||2022 - 2029|
|Market Size in 2022:||USD 28.36 Billion|
|Base year considered||2021|
|Forecast Period CAGR %:||4.62%|
|Market Size Expected in 2029:||USD 38.91Billion|
|Tables, Charts & Figures:||175|
|Key Players/Companies||Caterpillar Inc, FAYAT, The Volvo Group, SNF Holding Company Inc., Tensar International Corporation, AltaCrete, Global Road Technology, Others.|
|Segments Covered||By Method, By Type, By Application.|
|Regional Analysis||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|