Overview and Scope
Soil stabilization refers to the process of improving the physical and chemical properties of soil to enhance its engineering properties and make it suitable for construction or other applications. It involves modifying the soil to increase its strength, durability, and load-bearing capacity.
Sizing and Forecast
The soil stabilization market size has grown strongly in recent years. It will grow from $27.76 billion in 2023 to $29.22 billion in 2024 at a compound annual growth rate (CAGR) of 5.2%. The growth in the historic period can be attributed to maintenance and durability, industrial and commercial construction, innovation in additives and techniques, natural disaster mitigation, environmental sustainability.
The soil stabilization market size is expected to see steady growth in the next few years. It will grow to $35.31 billion in 2028 at a compound annual growth rate (CAGR) of 4.9%. The growth in the forecast period can be attributed to cost-effectiveness and long-term benefits, adoption of geotechnical solutions, increasing infrastructure development, focus on sustainable construction, government investment in infrastructure. Major trends in the forecast period include remote sensing and monitoring, green soil stabilization techniques, innovative biopolymer solutions, nanotechnology applications, geosynthetics integration.
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Segmentation & Regional Insights
The soil stabilization market covered in this report is segmented –
1) By Method: Chemical Soil Stabilization, Mechanical Soil Stabilization, Thermal Soil Stabilization, Biological Soil Stabilization
2) By Additives: Polymers, Mineral Agents, Stabilizing Agents
3) By End-User: Commercial, Residential, Industrial, Agriculture, Other End-Users
Top 5 Major Players:
- Caterpillar Inc
- Volvo Construction Equipment AB
- The Fayat Group
- Wirtgen Group
- Carmeuse Lime & Stone
North America was the largest region in the soil stabilization market in 2023. Asia-Pacific is expected to be the fastest-growing region in the global soil stabilization market report during the forecast period. The regions covered in the soil stabilization market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
The increasing construction activities are expected to propel the growth of the soil stabilization market going forward. Construction activities refer to the various tasks and operations involved in the process of constructing, renovating, or building structures such as buildings, infrastructure, and facilities. The increasing construction activities refer to an increase in the number of construction projects taking place in a given area and have effects on the economy such as the creation of jobs in the industry and the need for land, soil resources, and construction materials. Soil stabilization is a crucial process used in construction activities to improve the properties of soil and make it suitable for building foundations, roadways, and other infrastructure projects. For instance, in November 2021, according to the Office for National Statistics, a UK-based Statistics Authority, the value of new construction work in Great Britain increased by 15.3%, which is $119,750 million. This was $103,815 million in 2020. Further, in 2021, according to U.S. Census Bureau, the federal government’s largest statistical agency, an estimated 1,595,100 housing units were started in 2021, that increased by 15.6% from 1,379,600 in 2020 in the US. Therefore, the increasing construction activities are driving the growth of the soil stabilization market.
Key Industry Players
Major companies operating in the soil stabilization market report are Caterpillar Inc., Volvo Construction Equipment AB, The Fayat Group, Wirtgen Group, Carmeuse Lime & Stone, AltaCrete Inc., SNF Holding Company Inc., Soilworks LLC, AggreBind Inc., Graymont Limited, Global Road Technology International Holdings Limited, SCR-Sibelco NV, Boral Limited, The Low & Bonar Group, Tensar International Corporation, Boxley Materials Company Inc., Casella Organics Inc., Tim O’hare Associates LLP, B.D. White Top Soil Company, Clearflow Enviro Systems Group Inc., AET Group Inc., BASF SE, CTS GeoServices Corp., Dust Control Technology Inc., GSE Environmental LLC, Huesker Synthetic GmbH, Kemira Oyj, Maccaferri Group S.p.A., MoDoM Group, Propex Operating Company LLC
The soil stabilization market report table of contents includes:
1. Executive Summary
2. Soil Stabilization Market Characteristics
3. Soil Stabilization Market Trends And Strategies
4. Soil Stabilization Market – Macro Economic Scenario
5. Global Soil Stabilization Market Size and Growth
…..
31. Global Soil Stabilization Market Competitive Benchmarking
32. Global Soil Stabilization Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Soil Stabilization Market
34. Soil Stabilization Market Future Outlook and Potential Analysis
35. Appendix
List Of Tables:
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global Soil Stabilization Market, Segmentation By Method, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global Soil Stabilization Market, Segmentation By Additives, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global Soil Stabilization Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
….
Table 74: Caterpillar Inc. Financial Performance
Table 75: Volvo Construction Equipment AB Financial Performance
Table 76: The Fayat Group Financial Performance
Table 77: Wirtgen Group Financial Performance
Table 78: Carmeuse Lime & Stone Financial Performance
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