Press release
Soil Stabilization Market to achieve impressive CAGR during forecast period 2018-2023: MRFR
Soil Stabilization Market Research Report ? Forecast to 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.
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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. 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.
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.
Global Soil Stabilization Market Share, by Application, 2017 (%)
Regional Analysis
The global soil stabilization market has been segmented into five regions, namely, Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa. Asia-Pacific accounted for the largest share of global soil stabilization market in 2017. This can be attributed to rapid industrialization and urbanization in major economies such as China and India. In addition, growing awareness about soil management techniques and the increased income of farmers are likely to drive market growth in this region. Also, there are various upcoming infrastructure, road, and hydraulic construction projects in India and China, which is likely to propel the market growth in the coming years.
North America and Europe are the other substantial markets for soil stabilization. The growth of the building and construction industry and rapid urbanization across the region are likely to drive the growth of the soil stabilization market. Increasing construction and rising food production in Russia is expected to provide lucrative opportunities in the European market in the years to follow. Lastly, the markets in Latin America and the Middle East & Africa are estimated to witness substantial growth during the forecast period.
Market Segmentation
The global soil stabilization market has been segmented on the basis of technique, application, stabilizer, and region.
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.
The global soil stabilization market has been studied with respect to five key regions—Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa.
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Key Players
Some of 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).
Intended Audience
Soil stabilizer manufacturers
Traders and distributors of soil stabilizers
Research and development institutes
Potential investors
Raw material suppliers
Nationalized laboratories
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In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.
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