Soil Stabilization Market is Projected to Reach 27.80 Billion USD by 2022
Soil Stabilization Market by Method (Mechanical and Chemical), Application (Industrial, Non-agricultural, and Agricultural), Additive (Polymer and Mineral & Stabilizing Agents), and Region (APAC, North America, Europe) - Global Forecast to 2022
(EMAILWIRE.COM, December 08, 2020 ) The report "Soil Stabilization Market by Method (Mechanical and Chemical), Application (Industrial, Non-agricultural, and Agricultural), Additive (Polymer and Mineral & Stabilizing Agents), and Region (APAC, North America, Europe) - Global Forecast to 2022"The global soil stabilization market is estimated at USD 22.09 Billion in 2017, and is projected to reach USD 27.80 Billion by 2022, at a CAGR of 4.70% during the forecast period. The market is driven by factors such as improved quality and properties of soil stabilization materials and urbanization. The use of different soil stabilization additives in the optimum quantities provides numerous benefits to the soil. Rapid urbanization, particularly in the developing regions, is driving the growth of the construction industry, thereby fueling the soil stabilization market growth.
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The mechanical segment accounted for the larger market share in 2016. The mechanical method of stabilization includes physical measures of soil improvement. The method includes blending and mixing of various soils to obtain a material meeting the specific requirements for construction of roads.
The mineral & stabilizing agents segment, by additive, in the soil stabilization market accounted for the largest share in 2016. Mineral & stabilizing agents include Portland cement, lime, fly ash, and others (blast furnace slags and pozzolana). The stabilizing agents, also known as binding materials, help improve properties such as durability, compressibility, and strength in weak soils.
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The industrial segment of the soil stabilization market accounted for the largest market share in 2016. The industrial segment includes roads, landfills, and others (commercial building and cemeteries). Soil stabilization plays an integral part, as it provides stability to the soil for the construction of roads and landfills. Emerging economies in the Asia Pacific are expected to present opportunities to the soil stabilization market in the near future.
The South American market is projected to grow at the highest CAGR during the forecast period. The countries covered under the region include Brazil and Argentina. Rising demand for infrastructural development and increasing income levels in emerging economies such as Brazil and Argentina are the key factors that drive the growth of the soil stabilization market. The development and growth of various agricultural sectors drive the demand for soil stabilization in the region.
This report includes a study of various soil stabilization machines and additives, along with the product portfolios of leading companies. It includes the profiles of leading companies such as Caterpillar (US), AB VOLVO (Sweden), FAYAT (France), WIRTGEN GROUP (Germany), and CARMEUSE (US).
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The mechanical segment accounted for the larger market share in 2016. The mechanical method of stabilization includes physical measures of soil improvement. The method includes blending and mixing of various soils to obtain a material meeting the specific requirements for construction of roads.
The mineral & stabilizing agents segment, by additive, in the soil stabilization market accounted for the largest share in 2016. Mineral & stabilizing agents include Portland cement, lime, fly ash, and others (blast furnace slags and pozzolana). The stabilizing agents, also known as binding materials, help improve properties such as durability, compressibility, and strength in weak soils.
Make an Inquiry: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=23555531
The industrial segment of the soil stabilization market accounted for the largest market share in 2016. The industrial segment includes roads, landfills, and others (commercial building and cemeteries). Soil stabilization plays an integral part, as it provides stability to the soil for the construction of roads and landfills. Emerging economies in the Asia Pacific are expected to present opportunities to the soil stabilization market in the near future.
The South American market is projected to grow at the highest CAGR during the forecast period. The countries covered under the region include Brazil and Argentina. Rising demand for infrastructural development and increasing income levels in emerging economies such as Brazil and Argentina are the key factors that drive the growth of the soil stabilization market. The development and growth of various agricultural sectors drive the demand for soil stabilization in the region.
This report includes a study of various soil stabilization machines and additives, along with the product portfolios of leading companies. It includes the profiles of leading companies such as Caterpillar (US), AB VOLVO (Sweden), FAYAT (France), WIRTGEN GROUP (Germany), and CARMEUSE (US).
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
Contact Information:
MarketsandMarkets™
Mr. Aashish Mehra
Tel: 1-888-600-6441
Email us
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MarketsandMarkets™
Mr. Aashish Mehra
Tel: 1-888-600-6441
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results™.