Soil Stabilization Materials Market Size And Forecast

Soil Stabilization Materials Market size was valued at USD 16.83 Billion in 2020 and is projected to reach USD 27.71 Billion by 2028, growing at a CAGR of 6.48% from 2021 to 2028.

The major factor driving the adoption of soil stabilization materials includes the growing number of construction activities. Growing government initiatives on infrastructure development and real estate investments have increased demand for the construction sector, which in turn has increased demand for soil stabilization materials. Apart from this, the demand is also increasing in the agriculture industry. The Global Soil Stabilization Materials Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global Soil Stabilization Materials Market Definition

Soil stabilization materials can be defined as additives/extracts which are added to the natural soil to increase certain properties of it. Soil stabilization materials help in increasing the load-bearing capability, tensile strength & overall performance of soil. The soil stabilization process is defined as the process of modifying soil properties to improve engineering performance. Soil stabilization methods use stabilizers in weak soils to improve geo engineering properties such as compressibility, strength, permeability, and durability. Soil stabilization involves the mixing of special soils, cementitious materials, or other chemicals added to natural soils to improve one or more properties. Some of the materials used in the Soil Stabilization Process include quicklime/cement, bitumen. Cement/Lime is widely used as a soil stabilizing agent.

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The addition of cement to soil improves the strength of the soil. It is used for the sub-base and base courses of all types of pavements. However, due to the consequent wet and dry cycles, there occurs a degradation of the bonding between the cement and soil particles. Also, this is very costly in terms of financial viability. Lime stabilization improves the strength of the soil by imparting increased bonding between the lime and soil particles. This method is cost-effective as compared to cement stabilization. Lime is ideal for stabilizing clay soils. During the construction of driveways and parking yards, the soil can be mixed with bitumen compounds. Bitumen is sticky in nature and helps in holding the soil particles together. The bitumen structure forms a strong layer above the ground that prevents the absorption of groundwater.

Global Soil Stabilization Materials Market Overview

The rapidly growing construction industry is expected to drive the Soil Stabilization Materials Market. Growing government initiatives for infrastructure development and real estate investments have increased demand for the construction sector, which in turn is expected to increase demand for soil stabilization materials. The Asia Pacific region is expected to be a major Soil Stabilization Materials in the coming years. India is expected to become the world’s third-largest construction market by 2025. Driven by the sustained demand for housing and supportive government policy, the residential buildings saw a strong rebound in 2021 and will see robust growth over the coming decade.

The residential sector is expected to grow significantly, with the central government aiming to build 20 million affordable houses in urban areas across the country by 2022, under the ambitious Pradhan Mantri Awas Yojana (PMAY) scheme. Thus, expected growth in the number of housing units in urban areas will increase the demand for commercial and retail office space in the country. A number of rails, roads, dams, bridges, among other projects are coming into the country, which is expected to make it a lucrative market for Soil Stabilization Materials. The Indian Railways have taken up 189 new line projects.

The largest Soil Stabilization Materials in China is also expected to be a key revenue pocket for Soil Stabilization Materials providers. In Africa, roads, dams, irrigation works, schools, houses, hospitals, factories, and other construction works are coming up, which is also expected to boost demand for Soil Stabilization Materials in the coming years. Furthermore, the agricultural sector’s need for soil stabilization products will be driven by rising agricultural production and increased demand for improved agricultural yield.

Global Soil Stabilization Materials Market Segmentation Analysis

The Global Soil Stabilization Materials Market is Segmented on the basis of Type, Application, And Geography.

Soil Stabilization Materials Market, By Type

• Polymers
• Minerals
• Stabilizing Agents

On the basis of Type, The market is segmented into Polymers, Minerals, Stabilizing Agents. The Minerals segment is expected to account for the largest share. The usage of lime as a soil stabilizing material is on the rise, owing to the expansion of the construction industry, especially in developing countries, contributing to the mineral segment’s growth.

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 Soil Stabilization Materials Market, By Application

• Industrial
• Agricultural
• Others

On the basis of Application, The market is segmented into Industrial, Agricultural, and Others. Roads, railroads, canals, dams, bridges, are coming up in large numbers in developing countries. In addition, a number of residential units are also coming up further expanding the construction industry, and thus, the demand for Soil Stabilization Materials.

Soil Stabilization Materials Market, By Geography

• North America
• Europe
• Asia Pacific
• Rest of the world

On the basis of Geography, The Global Soil Stabilization Materials Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. During the projected period, Asia Pacific is estimated to account for the largest share. Manufacturers in the Asia Pacific region are constantly updating various additives/stabilizing chemicals and stabilization equipment, which gives multiple chances for the soil stabilization business. This has increased the demand for infrastructure development in the region’s industrial and non-agricultural sectors, as well as provided prospects for soil stabilization materials suppliers.

Key Players

The “Global Soil Stabilization Materials Market” study report will provide a valuable insight with an emphasis on the global market including some of the major players such as Adelaide Brighton Limited, Ube Industries, Ltd., Tensar International Corporation, Inc., Graymont Limited, Koninklijke Ten Cate NV, SNF Holding, Lhoist and Thrace Group, Sibelco Australia Ltd., Boral Limited and Shelby Materials.

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