Soil Stabilization Market by Method (Mechanical and Chemical), Application (Industrial, Non-agricultural, and Agricultural), Additive (Polymer and Mineral & Stabilizing Agents), and Region (APAC, North America, Europe) - Global Forecast to 2022
Soil Stabilization Market by Method (Mechanical and Chemical), Application (Industrial, Non-agricultural, and Agricultural), Additive (Polymer and Mineral & Stabilizing Agents), and Region (APAC, North America, Europe) - Global Forecast to 2022
The global soil stabilization market was valued at USD 21.14 Billion in 2016; this is projected to grow at a CAGR of 4.70% from 2017, to reach USD 27.80 Billion by 2022
With rapid urbanization, the use of soil stabilization has increased; thus, it contributed to the growth in awareness about improved quality and properties of soil stabilization additives.
The global soil stabilization market is estimated at USD 22.09 Billion in 2017, and is projected to reach USD 27.80 Billion by 2022, at a CAGR of 4.70% during the forecast period.
Rapid urbanization and improved quality & properties of soil stabilization materials are some of the major factors that are expected to drive the demand for soil stabilization.