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Soil Stabilization Market Demand and Research Insights by 2031

12-06-2021 06:26 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: TMR

Key Players Operating in the Global Soil Stabilization Market are AggreBind, Inc., AltaCrete, Caterpillar Inc., Earthlok Soil Stabilizer, Global Road Technology, Graymont Limited, SNF Holding Company Inc., Tensar International Limited, Low & Bonar, Part of the Freudenberg Group, and Wirtgen Group

Soil stabilization is a process of improving and enhancing soil strength and increasing its weight bearing capacity. Soil stabilization helps in modifying the soil properties to improve durability, stability, compressibility, etc. using different soil stabilization methods such as mechanical and chemical soil stabilization. In the mechanical stabilization method, the grading of soil is changed by mixing it with different types of soils, while the chemical stabilization method refers to changing the soil properties by adding chemicals.

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Rising awareness of soil management techniques, availability of technology, and increasing number of infrastructure activities are expected to propel the growth of the soil stabilization market.

Rising transportation demand for mobility has led to increased demand for road construction around the world. If proper methods are not used while constructing roads, it can create irreversible deterioration of the road, resulting in soaring costs and a financial impact on the economy. Soil stabilization used in road construction helps in stabilizing unbound soil materials with the help of cementitious materials such as lime, ash, and cement. Hence, rapidly expanding road networks are expected to drive the soil stabilization market during the forecast period.

Moreover, increasing number of mining sites, airfields, landfills, and infrastructure activities due to rise in population and disposable income, have led to the use of soil stabilization methods, resulting in growth of the soil stabilization market.

In agricultural activities, use of soil stabilization methods can help in increasing and improving yield. It also controls soil erosion and crop wastage by using a proper method of stabilization, which further helps the soil stabilization market to grow.

However, release of toxic compounds from some of the chemical agents in soil stabilization can affect the environment and also human life in general, and increases risk of groundwater contamination which can hinder the growth of the market. In addition, manufacturers faced disruption in raw material supply and stoppage of construction activities due to the Covid-19 pandemic, which is further expected to restrain the market growth.

Manufacturers are investing in research and development of soil stabilization to improve the quality and produce eco-friendly soil stabilizer systems which is likely to boost the market growth during the forecast period.

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In terms of region, the global soil stabilization market can be divided into North America, Europe, Asia Pacific, Middle East & Africa, and South America.

Asia Pacific is expected to dominate the global soil stabilization market due to increasing industrialization, urbanization, and also rising awareness about soil management techniques in the region. The major growing countries in the region are China, India, etc. The market in Asia Pacific is likely to be followed by the markets in North America and Middle East & Africa due to increasing infrastructure activities.

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