The global soil stabilization materials industry is expected to be worth close to US$15 billion by 2028, with a 6.6% CAGR from 2018 to 2028. According to predictions, the worldwide soil stabilization materials market will provide approximately US$ 14 billion in new possibilities between 2018 and 2028. Growth in 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 expected to drive the global soil stabilization materials market during the forecast period.
In contrast, the polymer market is predicted to develop at a significantly greater CAGR and with a larger value share. With a robust CAGR of 7.0%, China is predicted to lead all other regions in the worldwide soil stabilization market over the forecast period. The FMI research covers the variables and restraints that are projected to influence the global market for soil stabilization products throughout the forecast period.
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Soil Stabilization Materials Market: Dynamics
The global soil stabilization materials market is predicted to grow substantially over the forecast period, owing mostly to the constantly expanding construction industry. Rapid population expansion and increased urbanization have bolstered the construction and building industries in developing countries. Furthermore, the growing need for sustainable infrastructure and the necessity for efficient road traffic to support successful worldwide and international trade are projected to drive the soil stabilization materials market globally.
Increased government focus on infrastructure development and expanding real estate investments have fueled the construction sector’s expansion. Increasing infrastructure investments by governments in Asia Pacific, North America, and Western Europe are predicted to increase the number of roads, trains, bridges, and walkways, which will drive the soil stabilization materials market forward.
Furthermore, the growing desire for high agricultural productivity and output is expected to drive up demand for soil stabilization materials in the agricultural sector. Other end-use applications, such as landfilling and increased sports activities due to increased interest in sports, are also expected to increase the usage of soil stabilizing 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%
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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
Key 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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