[Research Report] The soil stabilization market was valued at US$ 21,997.38 Mn in 2018 and is projected to reach US$ 31,843.79 Mn by 2027; it is expected to grow at a CAGR of 4.1% from 2019 to 2027.
Soil stabilization helps in altering soil’s physical properties such as tensile strength and resistance to softening. An increase in the number of construction and infrastructure activities worldwide due to growing urbanization drives the growth of the soil stabilization market. Governments worldwide have started investing huge amounts in infrastructural activities such as roadway networks; dams; railways; and government institutes including schools and hospitals, which favors the soil stabilization market growth. The urban activities alter the physical conditions and increase the pollution levels in the soil. They also impact the physical and biochemical properties, and pollutant loads that otherwise affect the life-supporting role of the soil. Continued industrialization in developing countries leads to soil contamination that destroys soil quality. All these factors lead to the need for soil protection and soil remediation, which is achieved by soil stabilization. The application of different soil stabilization additives in optimum quantities proffers many benefits to the soil. Soil stabilization reduces movement of soil by keeping it intact in place, reduces the soil erodibility by altering soil structure, changes the physical properties of the soil and retains soil moisture.There has been a rapid growth in agricultural activities worldwide as a result of an increase in food and energy requirements owing to the rise in the human population. Soil and water conservation is essential for sustaining food production and preserving the environment. Soil stabilizing agents such as organic polymers, gypsum, organic waste material, lime, and fly-ash are used to enhance the soils used for agricultural purposes. By preventing clay dispersion and improving the stability of surface aggregates, the stabilizers reduce soil susceptibility to crusting and lower erosion and runoff. Gypsum that is used in agricultural practices limits clay swelling and dispersion. Moreover, the addition of synthetic organic polymers to the soil leads to the improved bonding between adjacent aggregates and their stabilization. Apart from stabilization, the addition of organic matter improves microbial activities in the soil. Fly ash enhances soil’s texture,structure, and water-holding capacity to favor crop growth. However, the lack of standardization regarding the use of additives leads to agricultural and environmental issues. In contrast, the mechanical and chemical soil stabilization improves the engineering characteristics of the problematic soils by increasing compressive strength and permeability, and improving durability,thus making it suitable for agricultural activities.
Asia Pacific is estimated to register the fastest CAGR in the soil stabilization market during the forecast period. North American countries face an urge to maintain soil fertility, and avoid soil erosion and infertility. An upsurge in the awareness among consumers regarding healthy and organic food products has fueled the growth of soil stabilization in the region. Rapidly rate of industrial and infrastructural developments, and increasing construction activities also boost the need for soil stabilization in North America. The rise in the disposable income of consumers is further expected to boost the growth of the market. Besides these, the availability of enhanced quality stabilizing agents, as well as technologically advanced soil stabilization methods and techniques, also boosts the market in North America. The rising demand from the building and construction, and other industrial activities is projected to propel the market growth in the coming years.
The COVID-19 outbreak began in Wuhan (China) in December 2019, and since then,it has spread across the globe at a fast pace. China, Italy, Iran, Spain, India,the Republic of Korea, France, Germany, and the US are among the most affected countries in terms of confirmed cases and reported deaths as of April 2020. According to the latest WHO figures, there are 8,137,110 confirmed cases and 439,577 total deaths globally. COVID-19 has affected economies and industries in various countries due to lock downs, travel bans, and business shutdowns. The global chemicals and agriculture industry is one of the major industries facing serious disruptions such as supply chain breaks, disruptions in manufacturing due to lock down and office shutdowns as a result of this outbreak. For instance, China is the global hub of manufacturing and the largest raw material supplier for various industries. The lock down of various plants and factories in leading regions such as Asia Pacific and Europe is affecting the global supply chains and negatively impacting the manufacturing, delivery schedules, and sales of various goods.
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Market Insights
Geo synthetics, an emerging engineered technology
Geo synthetics are the materials engineered artificially for enhancing soil strength. Chemical stabilization is a new and emerging branch of soil stabilization, and it is achieved by employing geo synthetic fibers or textiles. The application of geo synthetics in soil and coastal engineering is increasing owing to the improvements in fabrication techniques. Coastal areas are dynamic and the soil in these areas is in stable, which affect the overall performance of coastal defense structures constructed on soft soil or on a weak foundation. Bamboo fiber is a type of geo synthetics material that is easily available, eco - friendly, and cost-effective.. Steel filament is another geo synthetic material used for soil stabilization; it is eco - accommodating and financially savvy.Method Insights
Soil stabilization refers to a physical, chemical, or biological method or a combination of these methods, and it is applied to alter the nature of soil as per the requirement. The most common methods used for soil stabilization is mechanical and chemical. Chloride compounds such ascement or fly ash are used in chemical soil stabilization process; however, the mechanical stabilization methods include compaction, mixing, and substitution.Application Insights
On the basis of application, the global soil stabilization market is segmented into industrial, agricultural, and non agricultural. The industrial segment dominated the global soil stabilization market, and it is further expected to register the highest CAGR during 2019–2027. The soil stabilization process increases the load-bearing capacity, tensile strength, and overall performance of soil and therefore is widely used in industrial applications.Soil stabilization also helps ensure the load-bearing capacity and quality of soil being used in road construction projects. Global Road Technology; Soilworks, LLC; AggreBind Inc;Carmeuse; AltaCrete Ltd.; SNF Holding; Irridan USA; Tensar International Limited; Wirtgen Group; and Graymont Limited are among the key players present in the global soil stabilization market. These companies are implementing new product developments, and mergers and acquisitions as key strategies to enlarge the customer base and gain significant share in the global market, which, in turn,permit them to maintain their brand name in it.Report Spotlights
- Progressive industry trends in the global Soil stabilization market help players develop effective long-term strategies
- Business growth strategies adopted by developed and developing markets
- Quantitative analysis of the global Soil stabilization market from 2017 to 2027
- Estimation of global Soil stabilization demand across various industries
- PEST analysis to illustrate the efficacy of buyers and suppliers operating in the industry to predict market growth
- Recent developments to understand the competitive market scenario and global Soil stabilization demand
- Market trends and outlook coupled with factors driving and restraining the growth of the global Soil stabilization market
- Decision-making process by understanding strategies that underpin commercial interest with regard to global Soil stabilization market growth
- Global Soil stabilization market size at various nodes of market
- Detailed overview and segmentation of the global Soil stabilization market, as well as its dynamics in the industry
- Global Soil stabilization market size in various regions with promising growth opportunities
Soil Stabilization Market Regional Insights
Soil Stabilization Market Regional Insights
The regional trends and factors influencing the Soil Stabilization Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Soil Stabilization Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.
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Soil Stabilization Market Report Scope
Report Attribute | Details |
---|---|
Market size in 2018 | US$ 22 Billion |
Market Size by 2027 | US$ 31.84 Billion |
Global CAGR (2018 - 2027) | 4.1% |
Historical Data | 2016-2017 |
Forecast period | 2019-2027 |
Segments Covered |
By Method
|
Regions and Countries Covered | North America
|
Market leaders and key company profiles |
Soil Stabilization Market Players Density: Understanding Its Impact on Business Dynamics
The Soil Stabilization Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.
Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.
Major Companies operating in the Soil Stabilization Market are:
- Global Road Technology
- Soilworks, LLC
- Aggrebind, Inc.
- Carmeuse
- AltaCreteLtd.
Disclaimer: The companies listed above are not ranked in any particular order.
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Soil stabilization Market,by Method
- Mechanical
- Chemical
Soil stabilization Market, by Application
Soil stabilization Market, by Application
- Industrial
- Non-agricultural
- Agricultural
Soil stabilization Market, by Additives
- Polymers
- Minerals and Stabilizing Agents
- Other Additives
Company Profiles
- Global Road Technology
- Soilworks, LLC
- AggreBind Inc
- Carmeuse
- AltaCrete Ltd.
- SNF Holding
- Irridan USA
- Tensar International Limited
- Wirtgen Group
- Graymont Limited
- Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
- PEST and SWOT Analysis
- Market Size Value / Volume - Global, Regional, Country
- Industry and Competitive Landscape
- Excel Dataset
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Method ; Application ; Additive ,
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
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The List of Companies- Soil Stabilization Market
- Global Road Technology
- Soilworks, LLC
- Aggrebind, Inc.
- Carmeuse
- AltaCreteLtd.
- SNFHolding
- IrridanUSA
- TensarInternational Limited
- WirtgenGroup
- Graymont Limited