Analysis of Soil Stabilization Materials market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Soil stabilization materials are additional products, which are added to soil during construction, to make soil more sustainable during heavy loads and abrupt climatic conditions. Increasing traffic on national highways has led to land degradation, which in turn has highlighted the importance of strong soil base course.
With rising number of road accidents, government bodies all around the world are focusing on maintaining superior quality roads. Thus, advancement in infrastructure and increasing number of government incentives are pushing construction of new roads which will primarily drive consumption of soil stabilization materials over the forecast period.
Further, increasing sports activities such as Tour de France and Moto GP racing are expected to create a positive impact on the demand for soil stabilization materials. On the backdrop of the aforementioned factors, global soil stabilization materials market is forecast to grow at a significant rate of around 6% throughout the forecast period.
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Minerals & stabilizing agent based soil stabilization materials are expected to maintain their supremacy in the global market throughout the forecast period. The use of lime as a soil stabilizing material is flourishing and thus, the segment is pegged to be a prominent one in the soil stabilization materials market.
Furthermore, contribution of numerous global and regional players in the soil stabilization materials market has compelled manufacturers to offer innovative products. However, recent past has witnessed resurgence of polymer based soil stabilization materials. Rising popularity of polymers in this application can be attributed to their low cost and extended operational life.
Soil stabilization materials market conditions are fairly different in various regions. Growth in soil stabilization materials business mainly depends on the regional construction industry’s growth and the direct presence of manufacturers in the regional market. Europe and North America have witnessed significant infrastructural growth during the last decade and thus, have been the hubs for soil stabilization materials manufacturers and suppliers.
Furthermore, with significant advancements in building & construction sector, and with a rise in real estate investments, demand for soil stabilization materials in China is forecast to be fastest growing among all other regions. Also, the upsurge in agricultural activities and need for high agriculture productivity will create positive impact towards market’s growth.
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Global soil stabilization materials market is largely fragmented in nature with presence of numerous regional and global producers. Prominent players with established markets in global stabilization materials market, 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. There has been significant difference in pricing of domestic soil stabilization products and that of imported ones.
As, mining and production of lime and other soil stabilization materials, are proving to be expensive for manufacturers, prices of these products are higher as compared to imported products. Thus, consumers have been majorly importing lime products such as quicklime.
To tackle the situation, players in the market are also focused on capacity expansion through acquisitions, mergers and collaborations around world. For instance, in January 2020, Peckham Industries, Inc. acquired JSL Materials, Inc. located in Westfield, Massachusetts. This strategic acquisition will grant Peckham Industries, Inc, to further integrate its supply chain in global soil stabilization market.
Likewise, in May 2017, Tensar Corporation established manufacturing facility in Morrow, Georgia. The decision was taken in response to growing customer demand for geogrid products. Furthermore, suppliers are eying collaborations with manufacturers mainly from China, Taiwan and other ASEAN countries to get higher price margin.
Fact.MR has studied the global soil stabilization materials market with detailed segmentation on the basis of material type, application and region.
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