The report “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″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. The market is driven by factors such as improved quality and properties of soil stabilization materials and urbanization. The use of different soil stabilization additives in the optimum quantities provides numerous benefits to the soil.
Based on application, the soil stabilization market has been segmented into industrial, non-agriculture, and agriculture. The industrial segment dominated the global soil stabilization market, and this trend is expected to continue through the forecast period.
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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. With the infrastructure development across the globe, innovations are foreseen to drive the market for soil stabilization materials in the coming years.
The soil stabilization market has been segmented, on the basis of method, into mechanical and chemical. The mechanical method segment dominated the global soil stabilization market with a majority of the share. The mechanical method includes various soil stabilization machines such as compactors, rollers, and pavers to improve the strength of the soil.
Asia Pacific is estimated to account for the largest share in the global soil stabilization market, in terms of value, in 2016, owing to increasing awareness about soil management practices. With rapid urbanization, the use of soil stabilization has increased; thus, it contributed to the growth in awareness about improved quality and properties of soil stabilization additives. 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.