Advancement in infrastructure and an increasing number of government incentives are attributing to an upsurge in the demand for soil stabilization materials. Projecting the market growth at a robust CAGR of 6% during 2019 – 2027, a new Fact.MR Study provides an inclusive analysis of the soil stabilization materials market. The growth is further complemented by increasing sports activities such as Tour de France and Moto GP racing, which are expected to positively impact the demand.
Soil Stabilization Materials Market - Key Takeaways
- Minerals & stabilizers based soil stabilization material to remain at the forefront by accounting for more than 1/3rd of market value.
- Lime and polymers are witnessing a rise in usage on the back of cost-effectiveness and longer operational life.
- Industrial applications to drive nearly half of total sales. An upsurge in the demand for effective transportation will sig nificantly drive sales for roads & runways.
- Invigorated by the blooming real estate investments, China to reign regional supremacy with over 1/3rd of global market share.
- Pegged by favorable government initiatives in infrastructure development, Europe and North America are expected to be lucrative markets.
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Market Players Facing Fierce Competition from Overseas Suppliers Providing Cheaper Imports
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.
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