Global Soil Stabilization Materials Market Size Analysis
According to a research survey conducted by ChemView Consulting, in 2022, the Global Soil Stabilization Materials Market was worth US$ 12,184.5 Mn and is expected to grow at a CAGR of 5.1% over the forecast period. While the historical CAGR is 4.3%, the market is expected to hit US$ 20,037.1 Mn by 2032 end.
In addition to natural soil, materials for stabilization are used to enhance specific qualities. The purpose of soil stabilization materials is to increase the soil’s tensile strength, load-bearing capacity, and overall performance. By improving its engineering features, soil stabilization agents either temporarily or permanently change soil’s physical and chemical characteristics.
THE GLOBAL SOIL STABILIZATION MATERIALS MARKET IS EXPECTED TO SHOW HIGH GROWTH
During the forecast period, the constantly expanding construction industry will be a major driver of the market for soil stabilization materials worldwide. The need for soil stabilization materials will increase globally, along with the requirement for sustainable infrastructure and effective road transportation for effective global and international trade. Governments’ increased emphasis on infrastructure development and expanding real estate investment have increased demand from the construction industry, increasing demand for soil stabilization materials.
Similarly, if the government makes more investments in infrastructure, there will be more roads, trains, bridges, paths, etc., accelerating the market for soil stabilization materials. The need for soil stabilization products from the agriculture sector will also increase due to the rising demand for high agricultural productivity and yield.
Market Segments Covered in Report
By Region and Country:
Why has the Industrial segment dominated the global market and is expected to do so in the projected period?
It is anticipated that the industrial segment will continue to dominate the global market throughout the projection period. The growing technological developments in machinery and additives aid business participants in expanding and taking advantage of available chances. Roads, airports, railroads, embankments, reservoirs, bank protection, canals, dams, and coastal engineering all use soil stabilization in their construction. Innovations are anticipated to drive the market for soil stabilization materials in the upcoming years as infrastructure construction occurs globally.
Which method is expected to contribute to the maximum sales in Soil Stabilization Materials Market?
The mechanical method segment controlled the overall market with the bulk of the market share. To increase the strength of the soil, the automated approach uses various soil stabilization tools, including compactors, rollers, and pavers. The mechanical method aids in regularly and correctly mixing the soil, which is useful for subgrades and foundation design.
The regions analyzed for the market include North America, Europe, Latin America, Asia Pacific, the Middle East, and Africa.
From the perspective of competition, the soil stabilization products industry has undergone substantial changes in recent years. Key companies use collaboration, acquisition, and expansion as their main growth and survival strategies in the worldwide soil stabilization materials market.
The key developments in the Global Soil Stabilization Materials Market are:
A list of some of the key suppliers present in the market are:
Global Soil Stabilization Materials Market 2022-2032: Report Coverage and Highlights
|Historical data available for||2017-2021|
|Market analysis||USD Million for Value and Tons for Volume, and CAGR from 2022 to 2030|
|Key regions covered||North America, Latin America, Europe, Asia-Pacific, Middle East, and Africa|
|Key countries covered||US, Canada, Brazil, Mexico, Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Saudi Arabia, Turkey, UAE, South Africa, Nigeria, Egypt|
|Key segments covered||By Type, Application, Method, and Region|
|Customization scope||Available upon Request|
|Pricing and purchase options||Available upon Request|
Frequently Asked Questions
In the forecast period between 2022 and 2032, the market is expected to grow at a CAGR of 5.1%.
During the forecast period, the constantly expanding construction industry will be a major driver of the market for soil stabilization materials worldwide.
Key Global Soil Stabilization Materials Market players are Adelaide Brighton Limited, Ube Industries, Ltd., Tensar International Corporation, Inc., Graymont Limited, Koninklijke Ten Cate nv, SNF Holding, Lhoist and Thrace Group, Sibelco Australia Ltd., Boral Limited, Shelby Materials, Carmuse, Low & Bonar PLC, Caterpillar, AB VOLVO, FAYAT, WIRTGEN GROUP, Global Road Technology, Soilworks, SNF Holding, Aggrebind, IRRIDAN USA, Altacrete
Asia Pacific Region is expected to account for the largest market revenue share in the Global Soil Stabilization Materials Market.
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