ID: MRFR/AGR/4845-HCR | 100 Pages | Published By Pradeep Nandi on March 2023
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 2022-2030
$28.18 billion
4.58%
North American
2022 - 2030
Soil Stabilization Market OverviewThe soil stabilization market is anticipated to grow at a higher CAGR of 4.69% in the global market during the forecasted 2030 to account for a higher market share value of approximately USD 30.11 billion by the end of the forecasted 2022-2030.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
Soil Stabilization Market Dynamics
Drivers
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
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:
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
Report Overview
This global soil stabilization market research report consists of the following elements mentioned below:
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 Attribute/Metric | Details |
---|---|
Market Size | 2030 : USD 30.11 Billion |
CAGR | 4.69% (2021–2030) |
Base Year | 2021 |
Forecast Period | 2021 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 |
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Soil stabilization market is projected to grow at a 4.69% CAGR between 2021-2030.
North America is expected to dominate the soil stabilization market.
Soil stabilization market is predicted to touch USD 30.11 billion by 2030.
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.