Soil Stabilization Market size is forecast to reach $33.3 billion by 2025, after growing at a CAGR of 4.9% during 2020-2025. With the rising demand from agricultural sector is driving the Soil Stabilization market. Soil stabilization is also used in the construction of airports, roadways, site development projects, and others. It is also used to improve stiffness and bearing capacity owing to this, the Soil Stabilization market is expected to grow in the forecast period.
Material - Segment Analysis
Geotextiles & Fabrics segment holds the largest share in the Soil Stabilization market. It is used in the construction of unpaved roads over soft soils. Geotextiles are thin & strong membrane fabric which is used to reinforce soil & prevent from damage. Geotextiles are mostly used in road construction, especially to fill gaps between the roads to improve soil structure. Geotextile makes poor soil more beneficial for use and then easy to build in difficult places also. Geotextile are ideal materials used for Construction & infrastructure such as roads, buildings, dams and others. It improve & stability and decreases the process of wind & water erosion. It helps to prevent the erosion of soil but allows the water to drain off. A geotextile made from synthetic or natural fibers associated with soil thin pieces. It improves soil characteristics such as Friction or movement restraint, Support of loads and Changes in bearing failure plane.
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Method – Segment Analysis
The Mechanical Method section is leading the market due to numbers of machines like rollers, pavers & compactors used for improvement of soil are present in this section, this method gives consistent & proper mixing of soil, and Others. Mechanical stabilization involves the use of physical processes. Unlike chemical stabilization, it changes only the physical properties of soil through compaction, soil blending (adding fibrous and non-biodegradable reinforcement) or placing a barrier on the soil. In geotechnical engineering, soil compaction is a process wherein pressure is applied to soils by means of heavy machinery. It displaces air from the pores and causes soil densification. Regulating the amount of pressure when compacting is important as excess pressure disintegrates soil aggregates and causes them to lose their engineering properties.
Application - Segment Analysis
Industrial sector has been the primary market for Soil Stabilization. Industrial Sector involves Roads, Landfills/Contaminated Land, Others. 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. Soil stabilization is the process of improving the shear strength parameters of soil and thus increasing its bearing capacity in road construction. It is required when the soil available for construction is not suitable to carry structural load. Generally, soils exhibit undesirable engineering properties unless they are treated to enhance their physical properties. Mechanical Stabilization is the process of improving the properties of the soil by changing its gradation.
Geography - Segment Analysis
APAC dominated the Soil Stabilization market with a share of more than xx%, followed by North America and Europe. 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 thriving construction industry continues to be a precursor to the growth of the ground stability materials market with a growing number of greenfield and brownfield projects. In addition, the increasing requirement for high productivity and improved yield in agriculture is bound to boost demand for material to stabilize the soil for agricultural use. Whereas country such as India are huge market for Soil Stabilization market.
Drivers – Soil Stabilization Market
Growing Building & Construction industry
Soil Stabilization is the alteration of soils to enhance their physical properties. Stabilization can increase the shear strength of a soil and/or control the shrink-swell properties of a soil, thus improving the load bearing capacity of a sub-grade to support pavements and foundations. Soil Stabilization can be utilized on roadways, parking areas, site development projects, airports and many other situations where sub-soils are not suitable for construction. Stabilization can be used to treat a wide range of sub-grade materials, varying from expansive clays to granular materials. This process is accomplished using a wide variety of additives, including lime, fly-ash, and Portland cement. Other material by products used in Stabilization include lime-kiln dust (LKD) and cement-kiln dust (CKD).
Implementation of Stringent Environment Regulations
Governments globally are focusing on boosting their agriculture sector. Whereas Governments regulations such as Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) by Indian Government will help to grow the agriculture sector. Under the Scheme an income support of Rs.6000/- per year is provided to all farmer families across the country in three equal installments of Rs.2000/- each every four months, which will financially help the farmers let them focus more towards farming. And with the growth of agricultural sector the Soil Stabilization market will grow.
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Challenges – Soil Stabilization Market
Impact of COVID-19
The impact of COVID-19 on the economy is no doubt devastating. No sector has escaped its impact. Its impact on agriculture is complex and varied across diverse segments that form the agricultural value chain. Even among the different segments,
Its impact varies widely among different regions and among producers and agricultural wage labourers. The problems in agriculture at the moment are primarily related to (a) labour availability and, (b) inability to access markets for produce due to issues in transportation as well operation of markets.
Market Landscape
Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Soil Stabilization market. In 2019, the market of Soil Stabilization has been consolidated by the top five players accounting for xx% of the share. Major players in the Soil Stabilization Market are AB Volvo, Fayat, Aggrebind, Altacrete, Carmeuse, Caterpiller, among others.
Acquisitions/Technology Launches
In October 2017, Fayat acquired the Road Construction Equipment Division of Atlas Copco, which manufactures rollers for asphalt and soil applications, pavers and planers. These products are known under the Dynapac trade name.
Key Takeaways
Asia-Pacific dominates the Soil Stabilization market owing to increasing demand from applications such as Industrial, Non- Agriculture, Agriculture.
The growing demand from agricultural sector, is likely to aid in the market growth of Soil Stabilization.
It is also used in the construction of airports, roadways, site development projects, and others which will increase the market demand for Soil Stabilization in the near future.
COVID 19 Pandemic will create hurdles for the Soil Stabilization market.
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