Soil Stabilization Market Size (2022-2026)
The soil stabilization market size at the global level was estimated to grow from USD 22.2 billion in 2021 to reach USD 33.6 billion by 2026. The market is said to register a CAGR of 5.1% from 2021-2026.
Soil stabilization is a process of advancing and garnishing the soil strength and booms its weight-bearing capacity.
Soil stabilization materials are categorized into minerals, polymers, stabilizing agents, and others. Soil stabilization has been used to balance the land that is inclined to erosion, maintain soil properties, and avoid landslides.
Soil stabilization helps in assuring load-bearing capacity and the quality of the soil being used in road construction projects.
Increasing government initiatives for infrastructural development increasing the number of roadways, railways, pathways, bridges, etc. escalates the soil stabilization market growth. The growing number of airfields, landfills, infrastructure activities, and mining sites because of the rising population, and, growth in disposable income.
When it comes to the matter of agriculture field, the use of soil stabilization methods helps in fostering and developing crop yield.
The demand for substitute agricultural practices such as agroforestry and organic farming fuels the market growth throughout the timeframe. The research and development activities are hiking for the advanced technologies of the soil stabilization materials providing opportunities for the key players globally. The demand for transport development infrastructure from the governments offers lucrative opportunities for the key players.
The growing need to decrease soil erosion and obtain reasonable dust control for a healthy and safe working environment accumulates the soil stabilization market.
However, the release of dangerous compounds from certain chemical agents affects the environment along with human life and mounts the threat of groundwater contamination hampers the market growth. Moreover, during the pandemic crisis, manufacturers have faced serious issues like the supply of raw material has paused and stoppage of construction activities.
Recent Market Developments
On October 05, 2017, Fayat acquired the Road Construction Equipment Division of Altas Copco. Atlas Copco manufacture rollers of asphalt and soil applications, planers, and pavers. Such products are traded under the Dynapac trade name.
The global soil stabilization market has been segmented and sub-segmented based on the method, application, and additives.
The mechanical method segment dominates the global soil stabilization market with the highest share during the foreseeable period. The mechanical method segment involves different soil stabilization machines like rollers, compactors, and pavers. These machines help in advancing the soil strength.
Mechanical stabilizers are used for rebuilding pavements maintaining transportation infrastructure systems. The demand for transportation for mobility and governments help in developing transport infrastructure propel the soil stabilization market demand. However, mixing, compaction, and substitution are some of the mechanical stabilization techniques.
The chemical stabilizers are widely used in the construction field for constructing canals, dams, and reservoirs. These chemical stabilizers are used to curb the moisture content in the soil making it perfect for construction projects. The chemical stabilization process involves compounds like fly ash or ascement.
The industrial application segment dominates the soil stabilization market and the segment is expected to continue its dominance throughout the timeline period. The technological advancements in machinery and additives are fostering helping the market players increase and subsidize the appearing technologies.
Mineral & stabilizing agents
Other additives (agricultural waste, sludge, chelates & salts)
The minerals and stabilizing agents additives segment dominated the soil stabilization market with USD 13.76 billion in 2018. The minerals and stabilizing segment is also the quickest growing region. The segment involves Portland, fly ash, and lime. The agents present in the minerals and stabilizing agents segment are used for the construction of roads and pathways and the agents in the segment help in improving the strength in fragile soil, durability, and compressibility.
Asia-Pacific is dominating the global soil stabilization market with the largest share during the foreseen period. The segment growth owes to a quick increase in industrialization, urbanization, and growth consciousness regarding soil management methods. The growing issues about soil erosion and rising urbanization accelerate market growth.
North America is expected to display extensive growth in the timeline period. The region's growth owes to the increased application in agriculture and industrial sectors.
The U.S and Canada are the major contributors to the soil stabilization market. The U.S agricultural exports market value is USD140 billion in 2018. The growth in crop transportation and upgrading the agriculture sector influenced the soil stabilization market growth in North America.
Europe is having an impressive growth in the soil stabilization market. The UK and Germany have advanced infrastructure for the public, commercial, and transport sectors.
However, Latin America is said to be the quickest-growing region in the soil stabilization market globally. The region's growth owes to the surge in the use of soil stabilization in agriculture along with the industrial sector.
Brazil and Argentina center on the agricultural and industrial sectors due to the prominence of transportation and crop production for export business. The key players in the soil stabilization market focus to curb dust control and soil erosion. It helps in lessening the crop wastage and developing crop yield addressing consumer demand across the international market.
The Middle East and African market for soil stabilization are anticipated to have notable growth due to swift economic and industrial developments creating profitable opportunities and favorable demand.
AB VOLVO (Sweden)
WIRTGEN GROUP (Germany)
Global Road Technology (Australia)
Soilworks (US), Graymont (Canada)
SNF Holding (US)
IRRIDAN USA (US)
COVID-19 Impact on Soil Stabilization Market
The sudden outbreak of the COVID-19 pandemic has affected almost every businesses sector without leaving single. The pandemic effect on the agricultural sector is complicated and different from various segments that form the agricultural value chain.
Chapter 1. Global Soil Stabilization Market – Scope & Methodology
1.1. Market Segmentation
1.3. Research Methodology
1.4. Primary Sources
1.5. Secondary Sources
Chapter 2. Global Soil Stabilization Market – Executive Summary
2.1. Market Size & Forecast – (2021 – 2027) ($M/$Bn)
2.2. Key Trends & Insights
2.3. COVID-19 Impact Analysis
2.3.1. Impact during 2022 - 2027
2.3.2. Impact on Supply – Demand
Chapter 3. Global Soil Stabilization Market – Competition Scenario
3.1. Market Share Analysis
3.2. Product Benchmarking
3.3. Competitive Strategy & Development Scenario
3.4. Competitive Pricing Analysis
3.5. Supplier - Distributor Analysis
Chapter 4. Global Soil Stabilization Market Entry Scenario
4.1. Case Studies – Start-up/Thriving Companies
4.2. Regulatory Scenario - By Region
4.3 Customer Analysis
4.4. Porters Five Force Model
4.4.1. Bargaining Power of Suppliers
4.4.2. Bargaining Powers of Customers
4.4.3. Threat of New Entrants
4.4.4. Rivalry among Existing Players
4.4.5. Threat of Substitutes
Chapter 5. Global Soil Stabilization Market - Landscape
5.1. Value Chain Analysis – Key Stakeholders Impact Analysis
5.2. Market Drivers
5.3. Market Restraints/Challenges
5.4. Market Opportunities
Chapter 6. Global Soil Stabilization Market – By Method
6.1. Mechanical method
6.2. Chemical method
Chapter 7. Global Soil Stabilization Market – By Application
Chapter 8. Global Soil Stabilization Market – By Additives
Chapter 9. Global Soil Stabilization Market, By Geography - Market Size, Forecast, Trends & Insights
9.1.1. Mineral & stabilizing agents
9.1.2. Other additives (agricultural waste, sludge, chelates & salts)
Chapter 10. Global Soil Stabilization Market – Company Profiles – (Overview, Product Portfolio, Financials, Developments)
10.1. Company 1
10.2. Company 2
10.3. Company 3
10.4. Company 4
10.5 Company 5
10.6. Company 6
10.7. Company 7
10.8. Company 8
10.9. Company 9
10.10. Company 10
Primary & Secondary Sources to Collect & Validate Data
Utilization of Both Top Down & Bottom Up Approach
Holistic Research Methodology
Scope & Introductory Research
In the initial stage of research, the scope for market is defined. In order to better understanding of the market, secondary focus is on different segmentations of the market. Preliminary research involves identifying key data points related to the market under consideration to estimate the market sizes to the best extent.
Based on the scope of the market and the key data points, a number of secondary sources are considered. This data collection stage consists of a team of analysts who gather data from various secondary resources, accessing proprietary databases and primary research by reaching out to key market participants and opinion leaders.
At this stage, collected data using several sources is arranged in structured format. The sources include industry participants, in-house models, key opinion leaders in the market ecosystem and databases. Historical data trends are established at this point, and compared to the current scenario. Based on the macro- and micro-factor prevailing in various geographies, proprietary data models are used to analyze key market countries. Key players in this market are listed based on their capabilities in revenue, sales, and development. The study also involves the identification of companies in the category of 'new entrants' and their potential effects on the market.
At this stage, the analyst team moves on to understand how the market has changed over the years. The total size of the market is gathered after an study of different business segments and end-users is done. An impact research is also done to see what factors will/may influence the market in the years ahead. The effect of various variables on the industry is often taken into account when forecasting market sizes.
Data verification is conducted at all research levels, however this stage is dedicated to more rigorous checking of the data points. At this stage, the estimated data is triangulated with company revenues and checked with industry experts including several senior executives and key opinion leaders in the market. The data is then summarized, and the findings are derived from the same for the report.
Quality Assurance & Report Preparation
Holistic research methodology is followed with combination of Top Down and Bottom Up approach to undertake the estimation and forecasting task in order to ensure quality of data. At this stage of the research process, a dedicated QA team checks the data and approves after several predefined checks. Each section is checked and questioned to make the report accurate and reliable. In case of discrepancy, a team of analysts reviews the issue, and the whole process is repeated again. That significantly improves the report's quality. After approval, all the parts of the report are brought together and is formatted by highly trained team thus making it ready to dispatch.