The soil stabilization materials market is set to grow to $29Bn by 2028, driven by construction and agriculture sectors, with China leading the market.
Future Market Insights presents a detailed analysis and delivers key insights on the global soil stabilization materials market in its latest report titled “Soil Stabilization Materials Market: Global Industry Analysis 2013–2017 and Opportunity Assessment 2018–2028”.
The long-term outlook of the global soil stabilization materials market remains positive with the soil stabilization materials value pegged at over US$ 15.7 Bn in 2018. It is expected to reach US$ 29 Bn by the end of 2028, growing with a healthy CAGR of 6.6%.
Among the segments by material type, the minerals & stabilizers segment is estimated to hold a dominant share in terms of value over the forecast period. Under the minerals & stabilizers segment, the lime sub-segment is expected to be at the forefront throughout the forecast period.
However, the polymer segment is expected to grow with a relatively higher CAGR, with significant growth in value share. Among all regions, China is expected to dominate the global soil stabilization market throughout the forecast period with a healthy CAGR of 7.0%. In this report, FMI sheds light on the drivers and restraints expected to impact the global soil stabilization materials market during the forecast period.
Download FREE Sample Copy of Report: https://www.futuremarketinsights.com/reports/sample/rep-gb-7428
Soil Stabilization Materials Market: Dynamics
The global soil stabilization materials market is expected to witness robust growth during the forecast period, mainly driven by the rapidly growing construction industry. Rapid population growth and escalated urbanization have boosted the building and construction industry in developing countries.
Also, the increasing demand for sustainable infrastructure and increasing need for efficient road transportation to facilitate effective global & international trade are expected to surge the soil stabilization materials market across the globe. Increasing governmental focus on infrastructural development and rising investments in real estate have surged the growth of the construction sector.
Increasing infrastructural investments by governments across Asia Pacific, North America and Western Europe are expected to lead to an increase in the number of roads, railways, bridges, pathways, etc., which in turn will escalate the soil stabilization materials market. Also, the increasing need for high agricultural productivity and the rising demand for high agricultural yield are pegged to boost the demand for soil stabilization materials from the agricultural sector.
Also, other end-use applications such landfilling and increasing sports activities due to the growing attention towards sports are slated to ramp up the consumption of soil stabilization materials.
Soil Stabilization Materials Market: Segmentation Analysis
The global soil stabilization materials market has been segmented on the basis of application type into industrial, non-agriculture and agriculture.
Request a Complete TOC of this Report with figures: https://www.futuremarketinsights.com/toc/rep-gb-7428
Soil Stabilization Materials Market: Regional Forecast
From a regional perspective, China, North America and Western Europe are expected to collectively account for over a 70% value share in the global soil stabilization materials market. All the regions are expected to witness sound growth, except Japan, which is expected to exhibit slow growth with a CAGR below 5%.
Regions such as North America and Asia Pacific are expected to register significant growth with CAGRs above 7%. The growth of the construction industry across the globe and the launch of new governmental projects in developing and developed economies are projected to drive the demand for soil stabilization materials.
Soil Stabilization Materials Market: Competition Landscape
Some of the key players identified during the study of the global soil stabilization materials include Graymont Limited, Carmuse, Low & Bonar PLC, Tensar Corporation, Boral Limited, Adelaide Brighton Limited, Sibelco Australia Ltd., Ube Industries, Ltd., Lhoist and Thrace Group, among others.
Soil Stabilization Materials Market: Segmentation
Material Type
Applications
Region
Get Customization in the Report, Enquire Now @ https://www.futuremarketinsights.com/customization-available/rep-gb-7428
Key questions answered in the report
Explore FMI’s Extensive Coverage on Chemicals & Materials Domain
Magnesium Chloride Market: The global magnesium chloride market is anticipated to foresee a CAGR of 4.5% from 2018 to 2028. In 2017, the market was worth around US$ 351 Mn and is expected to cross US$ 560 Mn by the end of 2028
Epoxy Curing Agents Market: The US$ 2.45 Bn global epoxy curing agents market is estimated to surpass US$ 4 Bn by the end of 2028
Ammonium Phosphate Market: The projected growth rate of ammonium phosphate market is approximately 3.3% over the course of forecast period 2019-2029
About Future Market Insights (FMI)
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
Contact:
Corporate Headquarter
Future Market Insights,
1602-6 Jumeirah Bay X2 Tower,
Plot No: JLT-PH2-X2A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: press@futuremarketinsights.com
Website: https://www.futuremarketinsights.com/
Report: https://www.futuremarketinsights.com/reports/soil-stabilization-materials-market
Press Release Source: https://www.futuremarketinsights.com/press-release/soil-stabilization-materials-market
The article discusses the growth of the soil stabilization materials market, projected to reach $29Bn by 2028.
The market growth is driven by the construction industry's expansion and the demand for sustainable infrastructure.
China is expected to dominate the soil stabilization materials market with a 7.0% CAGR.
Explore more articles in the Research Reports category
