Soil Stabilization Market Worth USD 43.12 Billion by 2032 | Emergen Research

Vancouver, Oct. 05, 2023 (GLOBE NEWSWIRE) -- The global Soil Stabilization Market will be worth USD 43.12 Billion by 2032, according to a current analysis by Emergen Research. The growth of this market can be attributed to the increasing infrastructural developments due to urbanization in the emerging economies. Advancement in the construction industry and growing demand for residentials from the rising global population have resulted in the increasing utilization of soil stabilization.

The rising demand for developing transport infrastructure from the government is most likely to boost the soil stabilization market. The increasing need for waterproofing for the conservation of natural or manmade structures has driven the utilization of the stabilization materials. Increasing research and development for the technological advancement of the soil stabilization materials will surely boost the soil stabilization market. The high cost of the soil stabilized equipment might act as a barrier to the growth of the market.

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Scope of Research

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MAJOR COMPANIES and Market Share Analysis

The Soil Stabilization Market is moderately fragmented with a large number of small and medium-sized manufacturers, which account for a major part of the global share. The manufacturers are well-equipped with manufacturing facilities and are involved in several research & development activities. Some of the prominent players in the Soil Stabilization Market include:

• AB Volvo
• Caterpillar Inc.
• Fayat
• SNF Holding Company, Inc.
• Carmeuse
• Wirtgen Group
• Global Road Technology
• Graymont Limited
• Aggrebind
• Soilworks

In October 2019, Caterpillar Inc. announced the availability of the RM400 Rotary Mixer, which is expected to offer many new features and enhancements. The features are expected to help contractors achieve the demanding job specifications in both full-depth reclamation and soil stabilization applications.

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Key Highlights From The Report

• In November 2019, Caterpillar Inc. set operational targets for increased reliance on alternative and renewable energy and renewable power generation and reduced greenhouse gas emissions for change in climate goals.
•  The agriculture segment held the second-largest market share of 29.6% in 2019. Increasing utilization of the soil stabilization products in the agricultural industry to improve crop yield, and reduce the wastage of crops to meet the growing demand for food, is expected to drive the growth of the soil stabilization products in the agricultural sector.
• The mechanical method accounted for the largest market share of the soil stabilization market in 2019. The rising need to maintain old transportation infrastructure systems has increased the utilization of mechanical stabilizers for rebuilding old pavements.
• The Mineral & Stabilizing agent segment is forecasted to be the fastest-growing segment over the forecast period as it is increasingly used for the construction of pathways and roads. 

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Emergen Research has segmented the global Soil Stabilization Market on the basis of Application, Method, Additive, and region:

• Application Outlook (Revenue, USD Billion; 2017-2027)
  • Agriculture
  • Industrial
  • Non-Agriculture

• Method Outlook (Revenue, USD Billion; 2017-2027)
  • Mechanical Method
  • Chemical Method

• Additive Outlook (Revenue, USD Billion; 2017-2027)
  • Mineral & Stabilizing agents
  • Polymers
  • Other additives (chelates & salts. Sludge, agricultural waste)

• Regional Outlook (Revenue, USD Billion; 2017-2027)
  • North America
    1. U.S.
    2. Canada
  • Europe
    1. Germany
    2. UK
    3. France
    4. BENELUX
    5. Rest of Europe
  • Asia Pacific
    1. China
    2. Japan
    3. South Korea
    4. Rest of APAC
  • Latin America
    1. Brazil
    2. Rest of LATAM
  • MEA
    1. Saudi Arabia
    2. UAE
    3. Rest of MEA

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