Global Soil Stabilization Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2028
The Soil Stabilization Market report has been segmented on the basis of method, additive, application, and region.
Global Soil Stabilization Market: Overview
“The Soil Stabilization Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031.
Soil stabilization is a chemical, biological, or physical method or combination of these methods used to alter the nature of the soil as per the requirement.
This process improves the shear strength of the soil and alters its physical properties. Soil stabilization is used in the construction of airports, roadways, site development projects, etc.
It is also used to improve stiffness and bearing capacity. Commonly, chemical and mechanical methods are used for soil stabilization.
In the case of mechanical methods, it uses methods of mixing, compaction, or substitution. Chemical stabilization uses chloride compounds, fly ash, cement, or combinations of materials.
Global Soil Stabilization Market: Dynamics
Growing urbanization is a major factor driving the growth of the global soil stabilization market. Increasing infrastructure, due to the rising population is another factor fueling the growth of the global market. Soil stabilization also provides an environmental advantage as it decreases erosion.
It provides a cost-effective solution with minimal environmental footprint.
Soil stabilization also saves waste as it does not require new material, as well as saves time. Continuous introduction of soil stabilizers with improved quality is a factor expected to boost the growth of the global soil stabilization market in the near future.
However, the high cost of stabilization equipment is a factor that may hamper the growth of the global soil stabilization market.
The cost factor may especially affect the target market in developing countries. Nevertheless, increasing adoption of soil management and growing infrastructure in emerging economies can create high revenue opportunities for players in the target market.
Global Soil Stabilization Market: Segment Analysis
Among the method segments, the mechanical segment is anticipated to account for a major share in terms of revenue in the near future.
Among the application segments, the industrial segment dominates the global market in terms of revenue and is expected to register high growth over the forecast period. Increasing construction of railroads, dams, and roads is a factor propelling the growth of the industrial segment in the global market.
Global Soil Stabilization Market: Regional Analysis
The market in the Asia Pacific is expected to account for a major share in terms of revenue over the forecast period. Increasing construction activities, especially in developing countries is a factor fueling the growth of the target market in this region.
In addition, rising awareness regarding soil management practices is another factor driving the growth of the target market in the Asia Pacific region.
The market in Europe is expected to account for the second-highest share in terms of revenue in the near future, followed by North America.
Market in Latin America is anticipated to register the fastest growth in terms of revenue over the forecast period, owing to the increasing use of soil stabilization in the agricultural sector.
In addition, the use of soil stabilization for erosion and dust control are factors expected to boost the growth of the global market.
Global Soil Stabilization Market Segmentation:
Segmentation by the Method:
Segmentation by Additive:
- Mineral and Stabilizing Agents
- Others (Sludge, Chelates, Salts, etc.)
Segmentation by Application:
Segmentation by Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Caterpillar Inc.
- AB Volvo
- FAYAT SAS
- WIRTGEN GROUP Holding GmbH
- Carmeuse S.A.
- Global Road Technology
- Graymont Limited
- SNF Holding Company Inc.
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