The global soil stabilization market was valued at US$ 21,997.38 Mn in 2018 and is projected to reach US$ 31,843.79 Mn by 2027; it is expected to grow at a CAGR of 4.1% from 2019 to 2027.
Expansive soils are problematic and exhibit shrink-swell characteristics owing to their clay mineral constituents.This characteristic makes the soil inappropriate for engineering applications.
Predictive modeling and exploring methods such as reliability-based design optimization, dimensional analysis, response surface methodology, and artificial intelligence technologies are gaining popularity as they ensure efficiency of expansive soil stabilization.Dimensional analysis helps understand the relationship between different physical quantities of soil.
The implementation of response surface methodology helps engineers in getting information about the optimum amount of sewage sludge, propylene fiber, and other soil stabilizers that are required for the enhancement of soil.It Two artificial intelligence techniques are employed for the prediction of maximum dry density and unconfined compressive strength of cement-stabilized soil.
The first technique uses artificial neural models such as Bayesian regularization method, differential evolution model, and Levenberg-Marquardt. The second technique uses a support vector system, based on the statistical learning theory; it also uses regression techniques. These models provide information regarding the liquid limit, clay fraction, plasticity limit, cement, and moisture content.
The industrial segment held the largest share of the global soil stabilization market in 2018.The increasing dam, railroad, and road construction activities drive the growth of the market for this segment.
The soil stabilization for industrial applications helps enhance the load-bearing capacity, tensile strength, and overall soil performance.It makes the soil durable for road construction and other heavy applications.
The need for the industrial segment has rapidly increased with growing urbanization and infrastructural investments as well as projects. Further upsurge in urbanization with the escalating population is expected to boost the soil stabilization market for industrial applications during the forecast period.
The global soil stabilization market is segmented into North America, Europe, Asia Pacific (APAC), South America (SAM), and the Middle East and Africa (MEA).In 2018, Asia Pacific accounted for the largest share of the global soil stabilization market.
The growth of the soil stabilization market in this region is primarily attributed to the growth in the middle-class population, as well as the rise in urbanization.An increase in the agricultural activities and construction projects in Asia Pacific are among other factors propelling the demand for soil stabilization in this region.
Technological advancements in machinery and additives also favor soil stabilization practices in Asia Pacific.Moreover, an increase in the manufacture of polymers and other stabilizing agents is further expected to fuel the adoption of soil stabilization methods.
The region has the presence of several major soil stabilization manufacturers, including Global Road Technology, AltaCrete Ltd., Irridan USA, Tensar International Limited, Wirtgen Group, and Graymont Limited.
The active COVID-19 pandemic started in Wuhan (China) in December 2019, which later spread across the globe at a notable pace.China, Italy, Iran, Spain, India, Russia, France, Germany, and the US are among the most-affected nations as per the degree affirmed cases and deaths as of April 2020.
COVID-19 has affected economies and undertakings due to lockdowns, travel bans, and business shutdowns.
Global Road Technology; Soilworks, LLC; AggreBind Inc; Carmeuse; AltaCrete Ltd.; SNF Holding; Irridan USA; Tensar International Limited; Wirtgen Group; and Graymont Limited are among the key players present in the global soil stabilization market.
Overall size of the global Soil stabilization market has been derived using primary and secondary sources.The research process begins with extensive secondary research using internal and external sources to obtain qualitative and quantitative information related to the global Soil stabilization market.
Additionally, multiple primary interviews were conducted with industry participants and commentators to validate and analyze the data. The participants who take part in such a process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers, and external consultants such as valuation experts, research analysts, and key opinion leaders specialized in the Soil stabilization.
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