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Soil Stabilization Market- Global Trends, Top Key Players Insight and Forecast till 2023
Soil Stabilization Market Information by Application (Industrial, Agricultural, Non-Agricultural), Technique (Mechanical, Chemical, Thermal), Stabilizer (Lime, Bitumen, Fly Ash, Sodium Silicate, Polymers), Region, and Forecast till 2023
Soil stabilization refers to the process of altering the physical properties of soil through various additives in order to improve strength, compressibility, resistance to softening by water, durability, and other properties. This process is mainly applicable in the building and construction sector, where the properties of soil matter the most for a strong foundation. Road construction projects require specific physical properties of soil to sustain the tensile stresses and strains. Furthermore, this process is also used in the agricultural sector to improve soil structure and the water-holding capacity of the land.
The rapid growth of the building and construction sector is expected to fuel the demand for soil stabilization in the coming years. Rapid industrialization and expanding population have led to significant infrastructure development, with a focus on the quality and durability of soil. This is expected to drive market growth during the review period. In addition, there is a considerable demand for the process in the agricultural sector to increase the productivity and texture of cultivable land by controlling the erosion of soil due to wind or water. The significant growth of the agricultural sector due to the increasing demand for organic crops and rise in expenditure by farmers is likely to drive the growth of the soil stabilization market during the forecast period. However, the rising prices of mechanical equipment and the environmental impact of chemical stabilization are likely to hamper the growth of the global soil stabilization market during the assessment period.
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The Global Soil Stabilization Market has been studied with respect to five regions, namely, Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa.
The North America and Europe are the other substantial markets for the soil stabilization. The development of infrastructure and rising number of residential buildings are likely to drive the growth of the soil stabilization market. The US is the major contributor to the regional market in North America. The markets in Latin America and the Middle East & Africa are estimated to witness substantial growth during the forecast period with the UAE, Kuwait, Iran, and Brazil accounting for major market shares.
Asia-Pacific accounted for the largest share of global soil stabilization market in 2017. This can be attributed to rapid industrialization and urbanization in this region. In addition, advancements in the agricultural sector and the rising per capita incomes of farmers may be the other significant drivers of market growth during the review period. The key markets in this region are China, India, Indonesia, and Japan.
The Global Soil Stabilization Market has been segmented on the basis of application, technique, and stabilizer.
Basis on application, the global soil stabilization market has been categorized as industrial, agricultural, and non-agricultural.
Based on technique, the global soil stabilization market has been segregated into mechanical, chemical, and thermal.
On the basis of stabilizer, the global soil stabilization market has been divided into lime, bitumen, fly ash, polymers, sodium silicate, molasses, and others.
Global Key Players:
The leading players in the Global Soil Stabilization Market are; IRRIDAN USA (US), AB Volvo (Sweden), Aggrebind, (US), Soilworks, LLC (US), SNF Holding Company (US), Graymont Ltd. (Canada), WIRTGEN GmbH (Germany), CARMEUSE (Belgium), Earthlok (US), Global Road Technology International Limited (Australia), and Caterpillar Inc. (US).
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