Market Industry Reports (MIR) has published a new report titled “Soil Stabilization Market – Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2030.” According to the report, the global soil stabilization market is estimated to be over US$ 40.02 Bn in 2019. It is anticipated to grow at a CAGR of ~4.3% from 2019 to 2030.
The significant growth of soil stabilization market can be attributed to the rising population which in turn has led to increasing construction activities. Moreover, factors such as increasing awareness regarding soil practices and the benefits that they provide are anticipated to impel the soil stabilization market further during the forecast period. Furthermore, advancements in soil stabilization materials and machines used for stabilization have played a crucial role in driving the growth of this market. However, high costs of the equipment may hinder market growth to a certain extent.
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Some of the prominent players in the Soil Stabilization Market include:
Caterpillar, AB Volvo, Fayat Group, WIRTGEN GROUP, Griffin Soil Group, CARMEUSE, Graymont Limited, Aggrebind, Inc., Zydex Industries, and Soilworks, LLC
Stabilizing agents, when mixed in the soil, enhances the stability & physical properties of soil. The rising demand for high productivity & improved yield in agriculture have led to rising demand for stabilizing agents to improve the soil quality. Moreover, certain soil stabilizing materials act as soil conditioners which bind the soil to other materials and can help in preventing soil erosion significantly. Such factors are acting as a precursor for soil stabilization market growth globally.
According to the Office for National Statistics (ONS), the value of new construction projects in Great Britain continued to rise till 2018, and reaching a record of £113,127 million. The algorithmic growth of population is leading to rapid urbanization, which directly results in the exponential growth of construction activities globally, this in turn has propelled the global soil stabilization market. Moreover, rising demand for infrastructural establishments among the industrial and non-agricultural sectors is anticipated to further boost the global market during the forecast period.
The Soil Stabilization Market is segmented on the basis of Product, Modality, Cancer Type, End-Users and region.
By Method (Mechanical and Chemical), Additive (Polymer and Mineral & Stabilizing Agents), Application (Industrial, Agriculture and Non-agriculture)
As a standard protocol at MIR, all research assignments go through the following rigorous processes.
- Secondary Research
- Primary Research
- Market Size Estimation & Forecasting
- Data Validation & Triangulation
- Report Generation
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Table of Contents
- Market Definition
- Market Classification
- Geographic Scope
- Years Considered for the Study: Historical Years – 2017 & 2018; Base Year – 2019; Forecasted Years – 2020 to 2030
- Currency Used
- RESEARCH METHODOLOGY
- Research Framework
- Data Collection Technique
- Data Sources
- Market Estimation Methodology
- Data Validation and Triangulation
- ABSTRACT OF THE STUDY
- MARKET DYNAMICS ASSESSMENT
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