Soil Stabilization Materials Market

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.

Market Dynamic

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 Type:

• Polymers
• Minerals & Stabilizing agents
• Portland Cements
• Lime
• Fly-Ash
• Others
• Others
• Agriculture Waste
• Sludge & Slag
• Salts

By Application:

• Industrial
• Roads, Runways
• Landfills
• Non-Agriculture
• Sports
• Residential
• Others
• Agriculture

By Method:

• Mechanical Method
• Chemical Method

By Region and Country:

• North America (U.S., Canada)
• Latin America (Brazil, Mexico, Rest of Latin America)
• Europe (Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, Rest of Europe)
• Asia-Pacific (China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Rest of Asia-Pacific)
• Middle East (Saudi Arabia, Turkey, UAE, Rest of Middle East)
• Africa (South Africa, Nigeria, Egypt, Rest of Africa)

Segment-Wise Analysis

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.

Region-Wise Analysis

The regions analyzed for the market include North America, Europe, Latin America, Asia Pacific, the Middle East, and Africa.

• Due to rising knowledge of good soil management practices, Asia Pacific is predicted to hold a 48.5% market share in the worldwide soil stabilization market. Rapid urbanization has increased the need for soil stabilization, raising awareness of the superior quality and features of soil stabilization additives.
• Due to soil stabilization in both the agricultural and industrial sectors, South America is anticipated to have the fastest growth in the global market during the forecast period. The South American soil stabilization business is now in its nascent stage and expanding quickly.

Competition Analysis

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:

• In April 2016, A new production facility for Low and Bonar, a producer of engineered polymers, was established in Changzhou National Hi-Tech District, China’s economic growth zone. The plant, which is 29,600 square feet, cost the corporation about US$35.0 million to build.
• In May 2017, in Morrow, Georgia, Tensar Corporation built a manufacturing facility. The choice was made in response to the rising demand from customers for geogrid goods. Suppliers are considering partnerships with manufacturers, particularly those from China, Taiwan, and other ASEAN nations, to increase their profit margin.

A list of some of the key suppliers present in the market 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

Global Soil Stabilization Materials Market 2022-2032: Report Coverage and Highlights

• Assessment of the historical and current market size (2017-2021), market projections (2022-2032), and its contribution to the parent market
• Key drivers, restraints, opportunities, and key emerging trends impacting market growth
• Predictions on critical supply, demand, and technological trends and changes in consumer behavior
• Value chain analysis (list of manufacturers, distributors, end-users, average profitability margins, etc.)
• Segment-wise, country-wise, and region-wise market analysis
• Competition mapping, market share analysis, key strategies adopted by top players, and competitive tactical intelligence
• Key product innovations and regulatory framework
• Covid-19 impact on the market and how to navigate
• Strategic market analysis and recommendations on crucial winning strategies