Soil Stabilization Material Market Latest Trends, Rising Demand and Applications 2018-2028

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The outbreak of the COVID-19 pandemic has had a severe impact on the overall development of the global soil stabilization material market. Because of the strict lockdowns and other restrictions placed on travel and movement during the initial periods, the growth of the market witnessed a considerable drop. Moreover, as sports and leisure activities were also down during the pandemic, the demand for soil stabilization material went down.

However, the market is now expected to witness a gradual growth in the coming months. As the global economy reopens and restrictions on travel and movement lift up, the market is expected to witness demands closer to pre-COVID-19 period. Sports and construction activities have resumed, which in turn are projected to help the development of the global soil stabilization material market. The initial few months of new year are expected to be slow, while the market will reach to normalcy by the second half of 2021.

Soil Stabilization Materials Market - Market Structure & Notable Developments

The soil stabilization materials market remains a fragmented landscape, with no leading market player holding a notable market share in double digits. On a global scale, the top 10 companies collectively account for approximately 12-17% of the global market share. The soil stabilization materials market has witnessed continuous developments in recent times, which is translating into a massive influx of new products with enhanced functionalities. Strategic collaborations, such as mergers and acquisitions, remain instrumental for the participants of soil stabilization materials market with respect to business expansion and enhanced market sustenance. Some of the key highlights of the competitive landscape of soil stabilization materials market include-

• In 2017, Carmeuse Lime & Stone, Inc.- a leading manufacturer of dolomitic stone, lime, and high calcium limestone- signed a definitive agreement with Handyman's Lime Limited & Astro Quarries Limited. This agreement was aimed at management of its lime plant that is located in Zambia.
• In 2016, Low & Bonar PLC, a leading manufacturer of engineered polymers, inaugurated a brand new production unit in the Changzhou National Hi-Tech District, which is the economic development hub of China. Low & Bonar invested more than US$ 35 Mn on this production facility, which covers an area of approximately 29,600 sq. meters.

Few of the key participants across the global soil stabilization materials market’s value chain have been featured in this report, including Adelaide Brighton Limited, Ube Industries, Ltd., Tensar International Corporation, Inc., Graymont Limited, Koninklijke Ten Cate nv, SNF Holding, Lhoist and Thrace Group, Sibelco Australia Ltd., Boral Limited, Shelby Materials, and others.

Soil Stabilization Materials Market- Increasing Number of Construction & Infrastructure Development Products Fuel Growth

Mushrooming number of construction activities is one of the chief aspects boosting adoption of soil stabilization materials, creating untapped potential for manufacturers to reap sizeable profits. This, in turn, is boosting growth potential of soil stabilization materials market.

Renewed focus on sustainable infrastructure and advanced road transportation for trade will also trigger the demand for soil stabilization materials worldwide. Growing focus of federal governments on infrastructural development and burgeoning investments in the real estate space are creating favorable grounds for growth of soil stabilization materials market. Skyrocketing demand for enhanced agricultural productivity and high yields is also estimated to boost demand for soil stabilization materials for use in the agricultural sector.

Soil Stabilization Materials Market- North America and Asia Pacific to Remain Lucrative Regions

Soaring investments for infrastructural refurbishments in the regions of Europe, Asia Pacific, and North America boost the demand for soil stabilization materials. Rising governmental interventions in these regions, in a bid to strengthen the overall transportation framework and facilitating uninterrupted domestic & international trades, is also one among the chief aspects fuelling growth of soil stabilization materials market. Rising number of governmental projects for construction of railways, airports, bridges, and others is also driving the soil stabilization materials market. Asia Pacific and North America are estimated to be two of the lucrative markets for the companies operating in the soil stabilization materials market from an investment-making standpoint.

Soil Stabilization Materials Market- Additional Questions Answered

Some of the additional questions answered in the soil stabilization materials market include-

• What sales growth will the global soil stabilization materials market witness, both in terms of value and volume over the assessment period?
• What are some of the overarching trends shaping the growth of global soil stabilization materials market?
• What are some of the prominent macro- and micro-economic facets influencing growth of soil stabilization materials market?