Global Soil Stabilization Market Forecast to 2022
Bharat Book Bureau Provides the Trending Market Research Report on "Global Soil Stabilization Market, Forecast to 2022" under Food & Beverages category. The report provides information on industry overview, market size, latest developments, industry trends, Key Players, global presence, and their future prospects.
Global Soil Stabilization Market is projected to grow at a CAGR of 4.70%
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. One of the primary factors that drive the market is urbanization. Rapid urbanization, particularly in the developing regions, is driving the growth of the construction industry, thereby fueling the soil stabilization market growth.
The chemical segment, by method, is projected to grow at the higher CAGR during the forecast period
The chemical segment is projected to grow at the higher CAGR during the forecast period. The chemical method includes deep grouting and mixing. It helps in making a concrete layer over unpaved roads, dust control on roads and highways, and in soil erosion control. The chemicals act as binders with the soil matrix to provide a concrete surface for construction and agricultural fields.
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The industrial segment, by application, is projected to grow at the highest CAGR during the forecast period
The rising technological advancements in machinery and additives help the industry players grow and capitalize on the existing opportunities. Soil stabilization finds industrial applications in roads, airfields, railroads, embankments, reservoirs, bank protection, canals, dams, and coastal engineering. There are many upcoming infrastructural projects and extensive road and hydraulic construction activities underway in countries such as China and India.
Asia Pacific is estimated to account for the largest market share in 2017 and South America is projected to grow at the highest CAGR during the forecast period
The Asia Pacific region is projected to hold the largest market share from 2017 to 2022. With rapid urbanization, the use of soil stabilization has increased; this can be attributed to the growth in awareness about soil management practices through soil stabilization. The focus of manufacturers on investments to purchase soil stabilization machines is another factor contributing to the growth of this market in the Asia Pacific region. The continuous modernization of various additives/stabilizing agents and stabilization machines by the manufacturers in the Asia Pacific region presents several opportunities for the soil stabilization industry.
The South American region is estimated to grow at the highest CAGR from 2017 to 2022, for the soil stabilization market. It ensures a concrete surface for roads and dust control for crops through various additives used for the construction of roads; due to this, several manufacturers are focused on investments in the region to capture the South American market.
Break-up of Primaries:
- By Company Type: Tier 1: 40%, Tier 2: 20% and Tier 3: 40%
- By Designation: C-Level: 40%, Director-level: 20%, and Manager-level: 40%
- By Region: North America: 20%, Europe: 20%, Asia Pacific: 40%, and RoW: 20%
The key players in the soil stabilization market include the following:
- Caterpillar (US)
- AB Volvo (Sweden)
- FAYAT (France)
- WIRTGEN GROUP (Germany)
- CARMEUSE (US)
- Global Road Technology (Australia)
- Soilworks (US)
- Graymont (Canada)
- SNF Holding (US)
- Aggrebind (US)
- Irridan USA (US)
- Altacrete (Canada)
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