LOS ANGELES, April 24, 2019 (GLOBE NEWSWIRE) -- The global Soil Stabilization Materials Market size is estimated to grow at CAGR above 5.7 % over the forecast time frame 2019-2026 and reach the market value around USD 23.1 billion by 2026.
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During the forecast period, the world market in soil stabilization materials will show considerable growth and will be driven mainly by the rapidly growing construction industry. Increasing demand for sustainable infrastructure and efficient road transport will increase the demand for stabilization of land around the globe for effective global and international trade. Increasing government focus on infrastructure development and increased real estate investments has driven demand from the construction industry, creating further space for soil stabilization. Similarly, the government's increase in infrastructure investments lead to the growth of the market in soils stabilization materials, such as roads, railways, bridges, roads, and other means of transport. In addition, increasing demand for high productivity and growing demand for high yields will boost the demand for agricultural soil stabilization materials.
Segment Insights
The segment Minerals & Stabilizers is expected to have a predominant value share over the forecast period among the segments by material type. The lime subsection is expected to be at the forecast during the whole period under the minerals and stabilizer segment. But with a relatively higher CAGR, the polymer segment is expected to grow with significant value growth. In all regions China, a healthy CAGR of around 7 percent is expected to dominate the global market in the field of soil stabilization throughout the estimated period. In addition, the growing need for high agricultural productivity and the growing demand for high agricultural returns are bound to boost demand from the agricultural sector for soil stabilization materials. Other final uses such as site land filling and increasing sporting activity are designed to increase the consumption of soil stabilization material due to the growing attention towards sports.
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The flourishing construction industry remains a precursor to the growth of soil stabilization materials markets, with an growing number of greenfield and brownfield projects. Rising population growth and rapid urbanization have been largely the cause of investments in infrastructural development projects, particularly in emerging economies. In turn, this has led to the adoption of soil stabilization materials at a broad level. The increased requirements for agriculture's high productivity and enhanced yields are also bound to stimulate demand for agricultural soil stabilization materials.
Regional Outlook
Increasing infrastructure investments in China, Asia-Pacific, Europe and North America will boost the demand for soils stabilization materials. China, North America, and West Europe hold a lion's share in the global market. Governments in the regions are highly concerned with reinforcing their transport network to secure domestic and international trade routes, due to the increase in government projects such as roads, ferrovia, airports, bridges, etc., which will be the driving force of the global market in soil stabilization. The growth will be high in North America and Asia-Pacific, and China will be the dominant market.
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Key Players and Strategies
The Soil Stabilization Materials market is consolidated with large number of manufacturers. The company profiling of key players in the market includes major business strategies, company overview and revenues. The key players of the market are Sibelco Australia Ltd. & Thrace Group, Tensar Corporation, Carmuse, Low & Bonar PLC, Boral Limited, Graymont Limited, Adelaide Brighton Limited. among others.
With the attendance of many small and medium-sized manufacturers, the market is fragmented. The strong presence of local manufacturers and suppliers, particularly in China, is one of the main reasons for market fragmentation. In addition, companies focus on product adaptation, strategic partnerships and new customer acquisitions to gain more market shares.
A thorough study of the global Soil Stabilization Materials market is provided in a ARC report, while a rich analysis of the situation in the market is carried out, focusing on their drivers, opportunities, restrictions and trends. The report examines the outcome of the product in the industries and applications concerned. The global reports provide comprehensive data on procedures which current market vendors might try to gain momentum alongside an examination of new players ' entry points.
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