Soil Stabilization Market Research Report - Forecast to 2030

Soil Stabilization Market Research Report: Information by Additive (Polymers, Mineral & Stabilizing Agents and others), by Method (Mechanical and Chemical), by Application (Industrial, Agricultural and others) and by Region (North America, Europe, Asia-Pacific and the Rest of the World) - Forecast till 2030

ID: MRFR/CnM/4845-HCR | February 2021 | Region: Global | 100 pages

Soil Stabilization Market Overview


The soil stabilization market is anticipated to grow at a higher CAGR of 4.58% in the global market during the forecasted period to account for a higher market share value of approximately USD 28.18 billion by the end of the forecasted period.


In this modern technology era, now mending of soil is also possible. By adding various additives like stabilizing agents and polymers that help in altering the physical properties of soil and this process is called the soil stabilization process. The physical properties like compressibility, the resistance of softening by water, tensile strength, and many others can be altered in soil using this process. The properties of soil like soil structure and soil texture are one of the most important roles in the production of agriculture. It also helps in increasing the nutrition and water retention capacity of the soil.


COVID 19 Analysis of Soil Stabilization Market 


The global pandemic of COVID 19 has affected a major chunk of the population. Many people have lost their livelihood because of this global pandemic. It has affected the dynamics and growth of several industries. Everyone is worried about their immunity and follows social distancing. During the lockdown situation, operational activities of various end-user industries were halted, resulting in demand shrink for the Soil stabilization market, which further leads to decreased sales revenue. The supply chain networks were also disrupted which lead to a decline in profit margin.


However, the soil stabilization market is expected to recover from this global pandemic by the end of the third quarter of the coming year by properly strategizing according to the needs of the market.


Soil Stabilization Market 
Dynamics


Drivers


Numerous factors drive the market demand in the global market. The increasing infrastructural activities coupled with increasing construction activities all across the globe drive the market demand during the forecasted period. A sudden increase in urbanization and modernization in the global market creates more market demand during the review period. The increasing investment made by the government of various nations for developing railways, dams, roadway networks, and various government institutes like schools and hospitals drives the market demand.


Opportunities


The rise in demand for soil stabilization market all across the globe during the forecasted period. The alteration properties of this process are used in various agricultural activities which creates more growth opportunities all across the globe during the review period. Expansion of agricultural activities in various nations provides various growth opportunities during the review period all across the globe. Moreover, ongoing extensive research and development in technology for improving the fertility of soil provide various growth opportunities during the forecasted period.

Restraints


Though the soil stabilization process market is increasing tremendously in the global market, some factors restrict its growth. Lack of standardization especially in the use of additives hinders the market growth to a great extent as it produces various environmental and agricultural problems. Lack of awareness regarding the availability of this type of process in various regions hinders the market growth all across the globe during the review period. The high cost involved in this stabilization process is yet another restraining factor.


Value Chain Analysis


The soil stabilization market is increasing at an incredible rate globally due to various benefits associated with it. This type of stabilization process is largely used to make synthetic fields that yield higher production and hence drive the market demand. It helps in increasing stiffness, durability, and strength of soil which increases the productivity of the soil. Moreover, it reduces the plasticity of the soil. It also reduces permeability which leads to decreased swell/shrink potential of the soil. It helps in making the soil more workable and friable.


Regional Market Summary


Global Soil Stabilization Market Share (%), by Region, 2018


Soil Stabilization


Source: Secondary Sources and MRFR Analysis


Soil Stabilization Market Segmentation


The soil stabilization market has been divided all across the globe based on the additive, method, application, and region.


Based on the Additives


The market has been divided all across the globe based on the additives into stabilizing agents, mineral agents, polymers, and many others.


Based on the Method


The market has been divided all across the globe based on the method into the chemical method and mechanical method.


Based on the Application


The market has been divided all across the globe based on the application into the agricultural sector, industrial sector, and many others.


Based on the Region


The market has been divided in the global market based on the region into North American region, Asia-Pacific region, European region, Latin American region, and the Middle East and African region.


Soil Stabilization Market Regional Analysis


The soil stabilization market has been divided all across the globe based on the region into North American region, European region, Asia-Pacific region, Latin American region, and the Middle East and African region. The largest market share in the soil stabilization market all across the globe is held by the North American region owing to increasing construction activities coupled with modernization in construction industries especially for unique designs and high story building requires soil of specific properties and hence it drives the market demand towards this region.


Being the fastest-growing region, the second-largest market share all across the globe is held by the Asia-Pacific region owing to increasing modernization and urbanization. Increasing demand for the construction industry especially in office and residential areas drive the market demand to this region. The presence of highly populous countries like China and India drives the demand in this region.


The third-largest market share all across the globe is held by the European region owing to the presence of well-established technologically developed infrastructure coupled with higher disposable income drives the market demand to this region. The presence of countries like Germany, Italy, and France also drives the market demand.


The least market share is held by the Latin American region and the Middle East and African region owing to the presence of low infrastructure in both these regions. Low per capita disposable income is another contributing factor that restricts the market growth in these regions.


Competitive Landscape


The most prominent major key players in the soil stabilization market all across the globe are mentioned below:



  • AltaCrete (Canada)

  • AggreBind Inc. (US)

  • SNF Holding Company Inc. (US)

  • Soilworks, LLC (US)

  • Wirtgen Group (Germany)

  • FAYAT SAS (France)

  • The Volvo Group (Sweden)

  • Caterpillar Inc. (US)

  • SCR-Sibelco NV (Belgium)

  • Adelaide Brighton Cement (Australia)

  • Boral Limited (Australia)

  • Tensar International Corporation (US)

  • The Low & Bonar Group (UK)

  • Carmeuse (Belgium)

  • Graymont Limited (Canada)


These major key players use various strategies to sustain their market position in the Soil stabilization market in the global market by going for mergers, and acquisitions, by collaborating, setting up a joint venture, establishing a partnership, developing a new product line, innovation in the existing product, developing a new production process, and many others to expand their customer base in the untapped market of the Soil stabilization all across the globe.


Recent Developments



  • Phoenix Soil, LLC, a private company located in Plainville, Connecticut has been acquired by Clean Earth, Inc. This acquisition will help the company in creating more cleaning opportunities globally by the way of recycling soil.

  • 51% stake of a global company, I-Tech India that is operating in the green road infrastructure coupled with soil stabilization has been acquired by Sunil Hitech Engineers for smooth and efficient operations.

  • Tensar International Corporation (US) is spending a huge sum of money on research and development to get an upper edge over its competitors. This will help the company in increasing its sales volume.

  • The largest market share in the soil stabilization market all across the globe is held by the North American region owing to increasing construction activities.


Report Overview


This global soil stabilization market research report consists of the following elements mentioned below:



  • Market Overview

  • COVID 19 Analysis

  • Market Dynamics

  • Value Chain Analysis

  • Market Segmentation

  • Regional Analysis

  • Competitive Landscape

  • Recent Developments


This market research report contains factors that drive the growth of the Soil stabilization market in the global market along with the factors that restrict its growth in the global market. The opportunities available for growth in the Soil stabilization market during the forecasted period are mentioned. The impact of COVID 19 on the Soil stabilization market all across the globe is mentioned. The future growth rate in the Soil stabilization market during the forecasted period is estimated and mentioned.


Intended Audience


Nationalized laboratories, raw material suppliers, potential investors, research and development institutes, traders and distributors of soil stabilization, manufacturers of soil stabilizers, and many others.



Report Scope:
Report Attribute/Metric Details
  Market Size   2030 : USD 28.18 Billion
  CAGR   4.58%(2022–2030)
  Base Year   2021
  Forecast Period   2022 to 2030
  Historical Data   2019 & 2020
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   By Additive, By Method, By Application and By Region
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   AltaCrete (Canada), AggreBind Inc. (US),SNF Holding Company Inc. (US),Soilworks, LLC (US),Wirtgen Group (Germany),FAYAT SAS (France),The Volvo Group (Sweden),Caterpillar Inc. (US),SCR-Sibelco NV (Belgium),Adelaide Brighton Cement (Australia), Boral Limited (Australia),Tensar International Corporation (US),The Low & Bonar Group (UK),Carmeuse (Belgium),Graymont Limited (Canada)
  Key Market Opportunities   Expansion of agricultural activities in various nations provides various growth opportunities
  Key Market Drivers

  • The increasing infrastructural activities coupled with increasing construction activities
  • The increasing investment made by the government of various nations


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    Frequently Asked Questions (FAQ) :


    Soil stabilization market is projected to grow at a 4.58% CAGR between 2019-2024.

    North America is expected to dominate the soil stabilization market.

    Soil stabilization market is predicted to touch USD 28.18 billion by 2024.

    Soil stabilization is widely used in agricultural and industrial sectors.

    Key strategies adopted by industry players to strengthen their position in the soil stabilization market include R&D, mergers and acquisitions, new product launches, and collaborations.