Soil Stabilization Market Overview:
The soil stabilization market was valued at $ 21.14 billion in 2021. It is expected to grow at a CAGR of 4.70% from 2021 to reach $ 27.8 billion in 2026. Growing demand in the agricultural sector is driving the soil stabilization market. Soil stabilization is also used in airport construction, highway construction, and site development projects. Because of this, it is also used to improve stiffness and bearing capacity and the soil stabilization market is expected to grow during the forecast period.

Soil Stabilization Market Drivers and Restraints:
Soil stabilization is changing the soil to improve its physical properties. Stabilization can improve the bearing capacity of the pavement and the subgrade supporting the foundation by increasing the shear strength of the soil and / or by controlling the contractile expansion properties of the soil. Soil stabilization can be used on roads, parking lots, site development projects, airports, and many other situations where the underground soil is not suitable for construction. Stabilization can be used to process a variety of lower grade materials, from expandable clays to granular materials. This process is carried out using various additives including lime, fly ash, and Portland cement. Other by-products used for stabilization include lime kiln dust (LKD) and cement kiln dust (CKD).Around the world, governments are focusing on strengthening the agricultural sector. On the other hand, government regulations like Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) of the Indian government will help grow the agricultural sector. Under this plan, income support of Rs. 6000 / - will be provided to all farm families across the country in equal installments of Rs. 2000 / - every 4 months, helping farmers to focus more on agriculture from a financial point of view. . And with the growth of the agricultural sector, the soil stabilization market will also grow.

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Report is segmented as:
Soil Stabilization Market-by Additive:
● Polymers
● Mineral & Stabilizing Agents
● others

Soil Stabilization Market-by Method:
● Mechanical
● Chemical

Soil Stabilization Market-by Application:
● Industrial
● Agricultural
● others

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Geographical Segmentation:
APAC dominated the soil stabilization market with a share of over followed by North America and Europe. With rapid urbanization, the use of soil stabilization has increased. Therefore, it has contributed to raising awareness about improving the quality and properties of soil stabilizing additives. The thriving construction industry is a pioneer in the growth of the geotechnical stability materials market with an increasing number of undeveloped and remodeled projects. Furthermore, the increasing demand for higher productivity and better yields in agriculture will inevitably increase the demand for soil stabilizing agricultural materials. Countries like India are huge markets for the soil stabilization market.

Impact of COVID-19 on Soil Stabilization Market:
There is no question about the economic impact of COVID-19. No sector has escaped its impact. Agricultural impacts are complex and diverse in the various sectors that make up the agricultural value chain. Even between different segments. Its impact varies widely in different regions and between producers and waged agricultural workers. Today's agricultural challenges are mainly related to inaccessibility to agricultural markets due to (a) the availability of labor and (b) problems with transportation and market operations.