Soil Stabilization Market Overview: —
Soil stabilization can be referred to as a procedure that can alter the physical attributes of soil with additives, and helps to enhance durability, compressibility, resistance, and strength to softening by water. The global soil stabilization market, as per a report by Market Research Future (MRFR) is touted to register a CAGR of 4.58%, garnering USD 28.18 billion during the forecast period (2019-2024).
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Market Potential and Pitfalls:
The soil stabilization market will register a notable growth in the foreseeable future and is likely to be driven by the rapidly booming construction industry. The soaring demand for efficient road transportation and sustainable infrastructure for effective international and global trade will further stimulate the demand for soil stabilization market. Governments across the globe are highly focusing on infrastructural developments increasing investments in real estate, which has triggered the demand from the construction sector. This has further created demand space for soil stabilization market globally. Mounting demand for high agricultural productivity, coupled with increased demand for improved agricultural yield will dictate the growth trajectory of the market.
On the contrary, increasing prices of mechanical equipment, coupled with the impact of chemical stabilization on the environment are some of the major concerns likely to restrict the market growth in the coming years.
Soil Stabilization Market: Sentimental Analysis:
The soil stabilization market has been segregated on the basis of method, additive, and application.
By method, the soil stabilization market is segmented into mechanical and chemical. Of these, the mechanical segment will gain prominence. This method comprises physical measures of soil improvement and mixing and blending of different soils to obtain a material, which can meet specific requirements for road construction.
By additive, the soil stabilization market is segmented into mineral & stabilizing agents, polymers, and others. Of these, the mineral & stabilizing agents segment is predicted to acquire a significant share globally.
By application, the market is segmented into agricultural, industrial, and others. Of these, the industrial segment is likely to gain prominence. Advancing technology in additives and machinery help industrial players capitalize on existing opportunities. Soil stabilization finds industrial applications in airfields, roads, reservoirs, embankments, canals, bank protection, coastal engineering, and dams. With the development of infrastructure across the globe, innovations will fuel the market growth in the segment.
Geographically, the soil stabilization market spans across Europe, North America, Asia Pacific, and the Rest of the World (RoW).
Considering the global scenario, the soil stabilization market in North America is likely to dominate during the review period owing to the recent boom in construction activities. Modernization in construction activities has led to the construction of high story buildings with unique structure and designs, which requires soil possessing specified attributes. This is likely to influence the soil stabilization market across the globe.
Asia Pacific will register the highest CAGR in the foreseeable future owing to rising disposable income, resulting in expansion of the construction industry. Governments in the APAC are extremely emphasizing on strengthening their transportation network to secure international and domestic trade routes due to which there will be a notable growth in government projects like railways, roadways, bridges, airports, and others. This will act as a driving factor for the soil stabilization market in the APAC.
The top players operating in the soil stabilization market include Carmeuse (Belgium), Graymont Limited (Canada), Tensar International Corporation (US), The Low & Bonar Group (UK), Adelaide Brighton Cement (Australia), Boral Limited (Australia), Caterpillar Inc. (US), SCR-Sibelco NV (Belgium), FAYAT SAS (France), The Volvo Group (Sweden), Soilworks, LLC (US), Wirtgen Group (Germany), AggreBind Inc. (US), SNF Holding Company Inc. (US), and AltaCrete (Canada).
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TABLE OF CONTENTS:
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Market Structure
3 Market Research Methodology
3.1 Research Process
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model
4 Market Landscape
4.1 Supply Chain Analysis
4.1.1 Raw Material Suppliers
4.1.4 End Users
4.2 Porter’s Five Forces Analysis
4.2.1 Threat Of New Entrants
4.2.2 Bargaining Power Of Buyers
4.2.3 Bargaining Power Of Suppliers
4.2.4 Threat Of Substitutes
4.2.5 Internal Rivalry
5 Market Dynamics Of The Global Soil Stabilization Market
LIST OF TABLES
TABLE 1 Global Soil Stabilization Market, By Region, 2019–2024 (USD Million)
TABLE 2 Global Soil Stabilization Market, By Additive, 2019–2024 (USD Million)
TABLE 3 Global Soil Stabilization Market, By Method, 2019–2024 (USD Million)
TABLE 4 Global Soil Stabilization Market, By Application, 2019–2024 (USD Million)
TABLE 5 North America: Soil Stabilization Market, By Country, 2019–2024 (USD Million)
TABLE 6 North America: Soil Stabilization Market, By Additive, 2019–2024 (USD Million)
TABLE 7 North America: Soil Stabilization Market, By Method, 2019–2024 (USD Million)
TABLE 8 North America: Soil Stabilization Market, By Application, 2019–2024 (USD Million)
TABLE 9 US: Soil Stabilization Market, By Additive, 2019–2024 (USD Million)
TABLE 10 US: Soil Stabilization Market, By Method, 2019–2024 (USD Million)
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