Soil Stabilization Market Growth Forecasted CAGR of 4.58% from 2023 to 2032, Reaching USD 30.3 Billion"
Global Soil Stabilization Market The global soil stabilization market size was valued at USD 6.58 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 6.7% from 2023 to 2032. The increasing demand for infrastructure development, coupled with the rising awareness of the benefits of soil stabilization, is driving the growth of the market. Soil stabilization is the process of improving the engineering properties of soil to make it more suitable for construction purposes. It is used to increase the strength, bearing capacity, and stability of soil, as well as to reduce its permeability and susceptibility to erosion. There are various methods of soil stabilization, each with its own advantages and disadvantages. The most common methods include: Mechanical stabilization: This method involves mixing the soil with a granular material, such as sand or gravel, to improve its drainage and load-bearing capacity. Chemical stabilization: This method invol...