The latest report from Future Market Insights, “Soil Stabilization Materials Market: Global Industry Analysis 2013-2017 and Opportunity Assessment 2018-2028,” provides a thorough analysis and essential insights on the global soil stabilization materials market. With the market for soil stabilization materials valued at over US$ 15.7 billion in 2018, the sector’s long-term prospects are still favorable.
It is anticipated to grow at a strong CAGR of 6.6% to reach US$ 29 billion by the end of 2028. The minerals & stabilizers category is anticipated to hold a commanding position in terms of value among the material type-based categories over the projection period. The lime sub-section of the minerals & stabilizers market is anticipated to lead during the projected period.
The polymer segment, on the other hand, is anticipated to expand with a significantly higher CAGR and greater value share. With a robust CAGR of 7.0%, China is anticipated to lead all other regions in the worldwide soil stabilization market over the forecast period. The factors and constraints anticipated to have an effect on the market for soil stabilization products globally over the forecast period are discussed in this study by FMI.
Gain a market overview from industry experts and unlock valuable insights to drive your business growth. Request a sample now! https://www.futuremarketinsights.com/reports/sample/rep-gb-7428
Soil Stabilization Materials Market: Dynamics
The global soil stabilization materials market is expected to witness robust growth during the forecast period, mainly driven by the rapidly growing construction industry. Rapid population growth and escalated urbanization have boosted the building and construction industry in developing countries. Also, the increasing demand for sustainable infrastructure and increasing need for efficient road transportation to facilitate effective global & international trade are expected to surge the soil stabilization materials market across the globe.
Increasing governmental focus on infrastructural development and rising investments in real estate have surged the growth of the construction sector. Increasing infrastructural investments by governments across Asia Pacific, North America and Western Europe are expected to lead to an increase in the number of roads, railways, bridges, pathways, etc., which in turn will escalate the soil stabilization materials market.
Also, the increasing need for high agricultural productivity and the rising demand for high agricultural yield are pegged to boost the demand for soil stabilization materials from the agricultural sector. Also, other end-use applications such landfilling and increasing sports activities due to the growing attention towards sports are slated to ramp up the consumption of soil stabilization materials.
Soil Stabilization Materials Market: Segmentation Analysis
The global soil stabilization materials market has been segmented on the basis of application type into industrial, non-agriculture and agriculture.
- On the basis of application, the industrial segment is estimated to dominate the global soil stabilization materials market in terms of value over the forecast period
- Under the industrial segment, the roads and runways sub-segment is expected hold the lion’s share in terms of value and grow with a significant CAGR of 7.2%
Soil Stabilization Materials Market: Regional Forecast
From a regional perspective, China, North America and Western Europe are expected to collectively account for over a 70% value share in the global soil stabilization materials market. All the regions are expected to witness sound growth, except Japan, which is expected to exhibit slow growth with a CAGR below 5%. Regions such as North America and Asia Pacific are expected to register significant growth with CAGRs above 7%. The growth of the construction industry across the globe and the launch of new governmental projects in developing and developed economies are projected to drive the demand for soil stabilization materials.
Get a deeper understanding – Request the full report methodology now! https://www.futuremarketinsights.com/request-report-methodology/rep-gb-7428
Soil Stabilization Materials Market: Competition Landscape
Some of the key players identified during the study of global soil stabilization materials include
- Graymont Limited
- Carmeuse
- Low & Bonar PLC
- Tensar Corporation
- Boral Limited
- Adelaide Brighton Limited
- Sibelco Australia Ltd.
- Ube Industries, Ltd.
- Lhoist
- Thrace Group
Soil Stabilization Materials Market: Segmentation
Material Type
- Polymers
- Minerals & Stabilizing agents
- Portland Cements
- Lime
- Fly-Ash
- Others
- Others
- Agriculture Waste
- Sludge & Slag
- Salts
Applications
- Industrial
- Roads, Runways
- Landfills
- Non Agriculture
- Sports
- Residential
- Others
- Agriculture
Region
- North America
- Western Europe
- SEA & Other APAC
- Latin America
- Eastern Europe
- MEA
- Japan
- China
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments over the next 10-years.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
LinkedIn| Twitter| Blogs | YouTube
For Sales Enquiries: sales@futuremarketinsights.com
