Growing Use Adoption To Fuel Sales of Soil Stabilization Materials Market During Forecast Period 2022 - 2031 : Fact.MR

Rapid population growth and urbanization has heightened demand for building and construction materials on a global scale. Infrastructure projects in countries such as China and North America will be primarily driving consumption of soil stabilization materials. Keeping safety in mind, providing efficient & reliable infrastructure is top priority for government. This situation has raised demand for superior quality soil stabilization materials during construction. As per recently published report on global soil stabilization materials market by Fact.MR, the market will witness a growth of 5% and surpass a valuation of US$ 29 Bn by 2027 end.

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Global Soil Stabilization Materials Market Segmentation

Fact.MR has studied the global soil stabilization materials market with detailed segmentation on the basis of material type, application and region.

By Material Type :

Polymers
Minerals & Stabilizing agents
Portland Cements
Lime
Fly-Ash
Others
Others
Agriculture Waste
Sludge & Slag
Salts

By Application :
Industrial
Roads, Runways
Landfills
Non Agriculture
Sports
Residential
Others
Agriculture

By Region :
North America
Western Europe
SEA & Other APAC
Latin America
Eastern Europe
MEA
Japan
China
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Key Takeaways from Global Soil Stabilization Market

Global soil stabilization materials market is expected to create a value opportunity of around US$ 11.1 Bn during the forecast period

Despite losing significant market share by 2027, minerals & stabilizers based soil stabilization materials are forecast to account for more than one third of total absolute $ opportunity created in the market over the forecast period

In the past decade, polymer based soil stabilization materials have gained impetus and are forecast to gain 893 BPS by 2027 end

Demand for soil stabilization materials for industrial applications account for around half of the market share throughout the forecast period. Owing to rapid upsurge in demand for effective transportation, soil stabilization materials for roads & runways will dominate demand pie in this segment

China dominates global soil stabilization materials market in 2019, accounting for over one third of revenue share, rise in real estate investment will support the region's growth

Europe and North America have witnessed significant infrastructural growth during the last two decades and thus, have been the hubs for soil stabilization materials manufacturers and suppliers

Global soil stabilization materials market is highly fragmented in nature, with Raymont Limited, Carmuse, Low & Bonar PLC, and Tensar Corporation as some of the notable players

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Fierce Competition at Global Level, Companies Eying Collaboration to Strengthen Supply Channels

Global soil stabilization materials market is highly competitive due to presence of a large number of global and regional players. Prominent companies hold relatively less share due to high competition from local players that operate at low profit margins and have better penetration in the regional markets. Furthermore, owing to availability of cheap imported soil stabilization products from countries like China, Taiwan and others, manufacturers' focus has completely shifted towards collaboration with these players.

More Valuable Insights on Soil stabilization materials Market:

Fact.MR, in its new offering, presents an unbiased analysis of the global soil stabilization materials market, presenting historical demand data (2014-2018) and forecast statistics for the period of 2019-2027. The study divulges essential insights on the soil stabilization materials market on the basis of material type (minerals & stabilizers, {lime, fly ash, portland cement, and others}, others {agricultural waste sludge & slag and salts} and polymers) and application (industrial {roads & runways and landfills}, non-agriculture (sports, residential and others} and agriculture) across six major regions.

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