Soil Stabilization Market 2021 - Business Insights by Soilworks, Aggrebind, Carmeuse, AltaCreteLtd, SNFHolding and Others till 2027

The soil stabilization market was valued at US$ 21,997.38 Mn in 2018 and is projected to reach US$ 31,843.79 Mn by 2027; it is expected to grow at a CAGR of 4.1% from2019 to 2027.

Soil stabilization helps in altering soil’s physical properties such as tensile strength and resistance to softening. An increase in the number of construction and infrastructure activities worldwide due to growing urbanization drives the growth of the soil stabilization market. Governments worldwide have started investing huge amounts in infrastructural activities such as roadway networks; dams; railways; and government institutes including schools and hospitals, which favors the soil stabilization market growth. The urban activities alter the physical conditions and increase the pollution levels in the soil. They also impact the physical and biochemical properties, and pollutant loads that otherwise affect the life-supporting role of the soil. Continued industrialization in developing countries leads to soil contamination that destroys soil quality. All these factors lead to the need for soil protection and soil remediation, which is achieved by soil stabilization. The application of different soil stabilization additives in optimum quantities proffers many benefits to the soil. Soil stabilization reduces movement of soil by keeping it intact in place, reduces the soil erodibility by altering soil structure, changes the physical properties of the soil and retains soil moisture.

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There has been a rapid growth in agricultural activities worldwide as a result of an increase in food and energy requirements owing to the rise in the human population. Soil and water conservation is essential for sustaining food production and preserving the environment. Soil stabilizing agents such as organic polymers, gypsum, organic waste material, lime, and fly ash are used to enhance the soils used for agricultural purposes. By preventing clay dispersion and improving the stability of surface aggregates, the stabilizers reduce soil susceptibility to crusting and lower erosion and run off. Gypsum that is used in agricultural practices limits clay swelling and dispersion. Moreover, the addition of synthetic organic polymers to the soil leads to the improved bonding between adjacent aggregates and their stabilization. Apart from stabilization, the addition of organic matter improves microbial activities in the soil. Fly ash enhances soil’s texture, structure, and water-holding capacity to favor crop growth. However, the lack of standardization regarding the use of additives leads to agricultural and environmental issues. In contrast, the mechanical and chemical soil stabilization improves the engineering characteristics of the problematic soils by increasing compressive strength and permeability, and improving durability, thus making it suitable for agricultural activities.

Asia Pacific is estimated to register the fastest CAGR in the soil stabilization market during the forecast period. North American countries face an urge to maintain soil fertility, and avoid soil erosion and infertility. An upsurge in the awareness among consumers regarding healthy and organic food products has fueled the growth of soil stabilization in the region. Rapidly rate of industrial and infrastructural developments, and increasing construction activities also boost the need for soil stabilization in North America. The rise in the disposable income of consumers is further expected to boost the growth of the market. Besides these, the availability of enhanced quality stabilizing agents, as well as technologically advanced soil stabilization methods and techniques, also boosts the market in North America. The rising demand from the building and construction, and other industrial activities is projected to propel the market growth in the coming years.

The COVID-19 outbreak began in Wuhan (China) in December 2019, and since then, it has spread across the globe at a fast pace. China, Italy, Iran, Spain, India, the Republic of Korea, France, Germany, and the US are among the most affected countries in terms of confirmed cases and reported deaths as of April 2020.According to the latest WHO figures, there are ~8,137,110confirmed case sand 439,577 total deaths globally. COVID-19 has affected economies and industries in various countries due to lockdowns, travel bans, and business shut downs. The global chemicals and agriculture industry is one of the major industries facing serious disruptions such as supply chain breaks, disruptions in manufacturing due to lockdown and office shutdowns as a result of this outbreak. For instance, China is the global hub of manufacturing and the largest raw material supplier for various industries. The lockdown of various plants and factories in leading regions such as Asia Pacific and Europe is affecting the global supply chains and negatively impacting the manufacturing, delivery schedules, and sales of various goods.

Reasons to Buy:

• Highlights key business priorities to assist companies realign their business strategies.
• Features key findings and crucial progressive industry trends in the global soil stabilization market, thereby allowing players to develop effective long-term strategies.
• Develops/modifies business expansion plans by using substantial growth offering from developed and emerging markets.
• Scrutinizes in-depth market trends as well as key market drivers and restraints.
• Enhances the decision-making process by under standing the strategies that underpin commercial interest with respect to products, segmentation, and industry verticals.

Key Companies are:

1. GlobalRoad Technology
2. Soilworks, LLC
3. Aggrebind, Inc.
4. Carmeuse
5. AltaCreteLtd.
6. SNFHolding
7. IrridanUSA
8. TensarInternational Limited
9. WirtgenGroup
10. Graymont Limited

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