Soil Stabilization Market 2018 to 2023: Top Worldwide Competitors - Aggrebind, Soilworks, LLC, SNF Holding Company, Graymont Limited, WIRTGEN GmbH, CARMEUSE, IRRIDAN USA, AB Volvo, Earthlok, Global Road Technology International Limited, Caterpillar Inc.

Market Overview:

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.

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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.

The key players operating in this market are adopting various business strategies such as R&D, product launches, expansions, joint ventures, agreements, and acquisitions to gain significant market shares. On 28 March 2017, Soilworks, LLC was issued with a third US patent for the dust -suppression product Durasoil, a non-toxic and environmentally safe fluid that can provide long-term soil stabilization by compacting various soils.

Intended Audience:

• Soil stabilizer manufacturers
• Traders and distributors of soil stabilizers
• Research and development institutes
• Potential investors
• Raw material suppliers
• Nationalized laboratories

Regional Analysis:

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 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.

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.

Segmentation:

The Global Soil Stabilization Market has been segmented on the basis of technique, application, and stabilizer.

Based on technique, the global soil stabilization market has been classified into mechanical, chemical, and thermal.

Based on application, the global soil stabilization market has been categorized as industrial, agricultural, and non-agricultural.

Based on stabilizer, the global soil stabilization market has been divided into lime, bitumen, fly ash, polymers, sodium silicate, molasses, and others.

Key Global Competitors:

The leading players in the global Soil Stabilization Market are; Aggrebind, (US), Soilworks, LLC (US), SNF Holding Company (US), Graymont Limited (Canada), WIRTGEN GmbH (Germany), CARMEUSE (Belgium), IRRIDAN USA (US), AB Volvo (Sweden), Earthlok (US), Global Road Technology International Limited (Australia), and Caterpillar Inc. (US).

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