Dublin, March 23, 2018 (GLOBE NEWSWIRE) -- The "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" report has been added to ResearchAndMarkets.com's offering.
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 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.
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.
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.
Market Dynamics
Drivers
- Rapid Urbanization
- Improved Quality and Properties of Soil Stabilization Additives
Restraints
- Established Infrastructure In Developed Countries
- High Cost of Stabilization Equipment
Opportunities
- Technological Advancements
- Increasing Awareness About Soil Management Practices
Challenges
- Technical Knowledge Barriers
- Volatile Costs of Raw Materials
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Soil Stabilization Market, By Method
7 Soil Stabilization Market, By Additive
8 Soil Stabilization Market, By Application
9 Soil Stabilization Market, By Region
10 Competitive Landscape
11 Company Profiles
- AB Volvo
- Aggrebind
- Altacrete
- Carmeuse
- Caterpiller
- Fayat
- Global Road Technology
- Graymont
- Irridan Usa
- Snf Holding
- Soilworks
- Wirtgen Group
For more information about this report visit https://www.researchandmarkets.com/research/7w9pbl/soil?w=12