Press release
Soil Stabilization Market Future Growth Prospects and Industry Trends Analyzed till 2025
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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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.
In 2017, the global Soil Stabilization market size was xx million US$ and it is expected to reach xx million US$ by the end of 2025, with a CAGR of xx% during 2018-2025.
The key players covered in this study
Aggrebind
Soilworks
SNF Holding
Graymont
Carmeuse
GRT
Irridan USA
Earthlok
Market segment by Type, the product can be split into
Mechanical
Chemical
Thermal
Market segment by Application, split into
Industrial
Agricultural
Others
Market segment by Regions/Countries, this report covers
United States
Europe
China
Japan
Southeast Asia
India
Central & South America
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