The soil hardening agent market is anticipated to show promising growth prospects with a CAGR of 10% during the forecast period of 2022 to 2032.
| Attributes | Details |
|---|---|
| Soil Hardening Agent Market CAGR | 10% |
| Soil Hardening Agent Market in 2020 | US$ 3.5 Billion |
| Soil Hardening Agent Market by 2025 | US$ 6 Billion |
The report on the soil hardening agent market sheds light on the drivers, restraints, and opportunities. Sales of soil hardening agent based on the strategies adopted by different players has also been analyzed in this report.
Soil as a natural medium is very friable in the dry state. To overcome this limitation of the soil while it is used in construction works several types of additives are mixed with it. As a result, demand for soil hardening agent is likely to stay strong during the forecast period.
The different types of natural and synthetic additives available in the market basically constitute the soil hardening agent market. Though there are a large number of natural soil binding agents available in the market to enhance the property of soil used in construction purposes but the sales of soil hardening agent has overtaken in recent past.
The demand for soil hardening agent has grown manifold by the requirement of quality construction materials. The infrastructure sector in both developed and developing nations has grown tremendously positively impacting the soil hardening agent market share in respective regions.
The demand for soil hardening agents is maximum in tropical regions as physical structures need to be coated by hydrophobic surface to withstand heavy rains. A large portion of the soil hardening agent market share is occupied by the cement and polymer materials. Other materials contribute marginally in the total sales of soil hardening agent across the globe.
Soil hardening agent comes in different forms according to the suitability of the material. Among all the forms the powder form is the highest revenue generating segment in the global soil hardening agent market owing to its easier storage and transportation facilities. However the development of proper handling procedures will remain crucial for the expansion of global soil hardening agent market in the coming days.
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The growing population and urbanization across the globe is driving the construction industry at a significant rate in the market. This growth in housing and infrastructural development in countries, are projected to drive the demand for soil hardening agent in the global market. It is considered to be the prime factor contributing to the rise in sales of soil hardening agent observed these days.
Additionally, the growing agriculture and industrial sectors are predicted to drive the soil hardening agent market share in developing countries as well. Furthermore, the increasing transportation in the emerging courtiers across is expected to boost the growth of transportation infrastructure such as, roads, highways creating opportunities for higher sales of soil hardening agent in these regions.
Also, the global residential sector is rising owing to growing urbanization across the globe. This is projected to create new growth opportunities for the soil hardening agent market share at the global level over the forecast period.
However, some soil hardening agents harmful to the environment. The rising environmental concerns and regulations by various regulatory bodies is anticipated to hamper the growth in demand for soil hardening agent market during the forecast period.
Asia Pacific is projected to be the most lucrative region in the soil hardening agent market owing to, significantly growing construction industry in the region. Emerging economies in the region such as, China, India, and Japan etc. are expected to have significant growth in sales of soil hardening agents in the coming years.
Growing residential and transportation infrastructural developments in the countries is expected to lay a strong base for the higher demand for soil hardening agent in the market. Additionally, the growing agricultural sector in the emerging countries of Asia Pacific is projected to support the growth of soil hardening agent market over the forecast period.
The North America region is the leading region with the highest volume in sales of soil hardening agent owing to growing construction and infrastructure developments in the region. Rising population and urbanization in the Latin America and Middle East & Africa region estimated to drive the soil hardening agent market share in the region.
Furthermore, Europe is projected to have promising growth in the soil hardening agent market owing to stringent environmental regulations related to soil amendments implemented by the European Union. The demand for soil hardening agent in European Countries is expected to be driven by the growing construction of commercial establishments carried out in the region.
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Some of the major manufacturers contributing to the global soil hardening agent market include SNF Holding Company, Graymont Limited, Soilworks, LLC, AggreBind, Inc., Altacrete, Irridan USA, CARMEUSE, TIMAB Magnesium, Cypher Environmental, InfraCrete GmbH, Global Road Technology International Limited, Polymer Pavements (Pty) Ltd., and others.
Most of the key players of the global soil hardening agent market are present in the European and North American nations. But the manufacturers are increasingly investing in expansion of their business activities in emerging economies of the world owing to the greater growth opportunities at the local soil hardening agent market present in such regions.
Manufacturers are also focussing on developing new types chemical binders to boost the demand for soil hardening agent that can be used in all temperature regimes.
| Report Attribute | Details |
|---|---|
| Growth Rate | CAGR of 10% from 2022 to 2032 |
| Base Year of Estimation | 2021 |
| Historical Data | 2014 to 2020 |
| Forecast Period | 2022 to 2032 |
| Quantitative Units | Revenue in USD Billion, Volume in Kilotons and CAGR from 2022 to 2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
| Segments Covered | Form, Material, End User, Region |
| Regions Covered | North America; Latin America; Western Europe; Eastern Europe; APEJ; Japan; Middle East and Africa |
| Key Countries Profiled | USA, Canada, Brazil, Argentina, Germany, UK, France, Spain, Italy, Nordics, BENELUX, Australia & New Zealand, China, India, ASEAN, GCC, South Africa |
| Key Companies Profiled | SNF Holding Company; Graymont Limited; Soilworks, LLC; AggreBind, Inc.; Altacrete; Irridan USA; CARMEUSE; TIMAB Magnesium; Cypher Environmental; InfraCrete GmbH; Global Road Technology International Limited; Polymer Pavements (Pty) Ltd. |
| Customization scope | Available Upon Request |
| Pricing and Purchase Option | Avail Customized purchase options to meet your exact research needs. |
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Asia Pacific region promises for the highest growth potential in the sales of soil hardening agents over the forecast period of 2022 to 2032.
The key players having the highest soil hardening agent market share include SNF Holding Company, Graymont Limited, Soilworks, LLC, AggreBind, Inc., Altacrete, Irridan USA, CARMEUSE, TIMAB Magnesium, Cypher Environmental, InfraCrete GmbH, Global Road Technology International Limited, Polymer Pavements (Pty) Ltd., and others.
The rapid expansion of infrastructure facilities around the world is emerging as the major driver for the global soil hardening agent market.
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Soil Hardening Agent Market
