The global Soil Stabilization Market will be worth USD 34.44 Billion by 2027, according to a current analysis by Emergen Research. The growth of this market can be attributed to increasing infrastructural and construction activities around the globe. Increasing need to enhance and improve the strength and bearing capacity as well as other engineering properties of soil is expected to drive the growth of the soil stabilization market. The cost-effective method of converting poor quality soil into a string impermeable medium has increased the utilization of the soil stabilization system.
The latest industry intelligence research on the soil stabilization market offers a repository of valuable data on the size, share, and growth rate of the soil stabilization market for the forecast period, 2020 – 2027. Importantly, examination of various facets of the industry including but not limited to production volume, product sales, demand and supply assessment and forecast for the period, 2020 – 2027 aim at offering business owners a competitive edge over their rivals. The study further conducts a qualitative evaluation of various driving forces expected to shape the future of the industry during the estimated period.
As soil stabilization uses the soil available in the site, it saves landfill taxes, which is increasing the demand for the products. The government of several countries is trying to promote the use of waste materials in construction, which will help in the growth of the soil stabilization market. The government is investing heavily in infrastructural activities to build enhanced railways, dams, and roadway networks, schools, and hospitals, which is expected to drive the growth of the soil stabilization market over the forecast period.
Key Highlights From The Report
In February 2019, Volvo Construction Equipment joined forces with National Geographic to help in building embankments across Sundarbans in order to protect the land from the threat of flooding by implementing soil stabilizers.
The industrial segment held the largest market share of 55.2% in 2019. Increasing utilization of the soil stabilization materials in the construction industries is expected to drive the growth of the segment.
Chemical stabilizers are forecasted to grow with the fastest CAGR of 5.4% over the forecast period. Extensive usage of chemical stabilizers in the construction industry for building canals, roads, dams, highway networks, and reservoirs has driven the growth of the segment.
Mineral & stabilizing agents accounted for the largest market share in 2019 as the mineral & stabilizing agents helped enhance the compressibility, durability, and strength in fragile soil.
The Asia Pacific region accounted for the largest market share of the Soil Stabilization market in 2019. Increasing infrastructural developments and growing agricultural practices due to urbanization in the emerging economies is expected to drive the growth of soil stabilization in the region.
Key participants include AB Volvo, Caterpillar Inc., Fayat, SNF Holding Company Inc., Carmeuse, Wirtgen Group, Global Road Technology, Graymont Limited, Aggrebind, and Soilworks, among others.
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Application Outlook (Revenue, USD Billion; 2017-2027)
Method Outlook (Revenue, USD Billion; 2017-2027)
Additive Outlook (Revenue, USD Billion; 2017-2027)
Mineral & Stabilizing agents
Other additives (chelates & salts. Sludge, agricultural waste)
Regional Outlook (Revenue, USD Billion; 2017-2027)
Table of Content
Chapter 1. Methodology & Sources
1.1. Soil Stabilization Market Definition
1.2. Soil Stabilization Market Research Scope
1.3. Soil Stabilization Market Methodology
1.4. Soil Stabilization Market Research Sources
1.4.3. Paid Sources
1.5. Soil Stabilization Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2019-2027
Chapter 3. Key Insights
Chapter 4. Soil Stabilization Market Segmentation & Impact Analysis