The global soil stabilization materials market is anticipated to be close to US$ 15 billion, growing at a 6.6% CAGR from 2018 to 2028. According to estimates, between 2018 and 2028, the worldwide soil stabilization materials industry would offer new opportunities of around US$ 14 billion. The growth of the real estate market, improvements in the building and construction industries, increased government attention to infrastructure development, and rising consumer demand for increased agricultural productivity are some of the factors anticipated to drive the global soil stabilization materials market during the forecast 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.
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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: 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
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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
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Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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