The report pays special attention to the key elements of the Soil Stabilization market, such as drivers, restraints, opportunities, threats, risks, limitations, and other aspects. The report covers a comprehensive analysis of the competitive landscape with a detailed analysis of the company profiles, product portfolio, and business expansion strategies.
The global Soil Stabilization Market will be worth USD 34.44 Billion by 2027, according to a current analysis by Emergen Research. The growth of this market can be attributed to increasing infrastructural and construction activities around the globe. Increasing need to enhance and improve the strength and bearing capacity as well as other engineering properties of soil is expected to drive the growth of the soil stabilization market. The cost-effective method of converting poor quality soil into a string impermeable medium has increased the utilization of the soil stabilization system.
As soil stabilization uses the soil available in the site, it saves landfill taxes, which is increasing the demand for the products. The government of several countries is trying to promote the use of waste materials in construction, which will help in the growth of the soil stabilization market. The government is investing heavily in infrastructural activities to build enhanced railways, dams, and roadway networks, schools, and hospitals, which is expected to drive the growth of the soil stabilization market over the forecast period.
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Some Key Highlights of Report
- In February 2019, Volvo Construction Equipment joined forces with National Geographic to help in building embankments across Sundarbans in order to protect the land from the threat of flooding by implementing soil stabilizers.
- The industrial segment held the largest market share of 55.2% in 2019. Increasing utilization of the soil stabilization materials in the construction industries is expected to drive the growth of the segment.
- Chemical stabilizers are forecasted to grow with the fastest CAGR of 5.4% over the forecast period. Extensive usage of chemical stabilizers in the construction industry for building canals, roads, dams, highway networks, and reservoirs has driven the growth of the segment.
- Mineral stabilizing agents accounted for the largest market share in 2019 as the mineral stabilizing agents helped enhance the compressibility, durability, and strength in fragile soil.
Furthermore, the report includes an in-depth analysis of the competitive landscape. The segment covers a comprehensive overview of the company profiles along with product profiles, production capacities, products/services, pricing analysis, profit margins, and manufacturing process developments. The report also covers strategic business measures undertaken by the companies to gain substantial market share. The report provides insightful information about recent mergers and acquisitions, product launches, collaborations, joint ventures, partnerships, agreements, and government deals.
Key participants include AB Volvo, Caterpillar Inc., Fayat, SNF Holding Company Inc., Carmeuse, Wirtgen Group, Global Road Technology, Graymont Limited, Aggrebind, and Soilworks, among others.
Emergen Research has segmented the global Soil Stabilization Market on the basis of Application, Method, Additive, and region:
Application Outlook (Revenue, USD Billion; 2017-2027)
Method Outlook (Revenue, USD Billion; 2017-2027)
- Mechanical Method
- Chemical Method
Additive Outlook (Revenue, USD Billion; 2017-2027)
- Mineral Stabilizing agents
- Other additives (chelates salts. Sludge, agricultural waste)
Key point summary of the report:
- The report offers a comprehensive overview of the market size, share, and growth rate in the forecast duration.
- It provides details about current scenario, historical data, giving an accurate market forecast for the coming years.
- The study categorizes the market on the basis of product types, applications, end users, market value and volume, business verticals, and 5 major regions.
- It also offers regional market analysis and forecast for prominent geographies in the sector viz., North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
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