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Kenneth Research, in its repository of market research reports, has recently added a report on Soil Stabilization Materials Market that emphasizes the latest trends, key opportunities, drivers, and challenges associated with the growth of the market during the forecast period, i.e., 2022 – 2031. The Soil Stabilization Materials Market is anticipated to grow primarily on account of the growing trade of ICT goods and services worldwide. According to the statistics by the World Bank, the exports of ICT goods globally increased from 11.164% of total goods exports in 2017 to 11.53% of total goods exports in 2019.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Soil Stabilization Materials Market products.
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Kenneth Research has recently added a report titled Soil Stabilization Materials Market in its storehouse of market research reports. The report provides a detailed insight into the market scenario on the basis of the market size and volume for the forecast period, i.e., 2021 2030. Factors such as the growing advancements in the development of novel drugs, coupled with the growing health infrastructure in several nations worldwide are anticipated to drive the growth of the market in the coming years. Moreover, increasing expenditure on healthcare, backed by the need amongst individuals for quality healthcare services, is also anticipated to contribute to the market growth.
According to the statistics by the World Bank, the current health expenditure (% of GDP) around the world increased from 9.08% in 2001 to 9.84% in 2018. Additionally, the current health expenditure per capita (current US$) increased from USD 492.99 in 2001 to USD 1110.84 in 2018. Moreover, growing concern for deaths caused due to various diseases and the need for treatment that can lower the crude death rate, which in the year 2019 recorded close to 7% (per 1000 people), are also anticipated to drive the market growth during the forecast period.
The Soil Stabilization Materials Market is anticipated to attain a revenue of USD 14.90 Billion in the year 2025. Increasing prevalence of chronic diseases, such as diabetes, cancer, and others is also anticipated to contribute to the market growth. The prevalence of diabetes amongst the population aged 20 and 79 was recorded to be around 9% in the year 2019. Moreover, cancer, which is also known to be one of the leading causes of death around the globe, accounted for nearly 10 million deaths in the year 2020. Further, the most common cancers in the year 2020 was breast cancer which recorded to nearly 2.3 million cases in the same year.
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The Soil Stabilization Materials Market is segmented by SEGMENTS. The report further covers a detailed analysis on the five important regions, namely, North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. These regions are further sub-divided into the following:
- North America (U.S. & Canada)
- Latin America (Argentina, Mexico, Brazil, Rest of Latin America)
- Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe)
- Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific)
- Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa)
Global Soil Stabilization Materials Market Outlook
The study on the Soil Stabilization Materials Market further consists of an extensive research analysis by the use of numerous statistical tools that helps the reader to understand the various parameters, such as revenue of the market, growth opportunities and indicators, market segmentation, and the drivers and challenges impacting the market growth.
The Soil Stabilization Materials Market in the Asia Pacific is projected to display significant growth opportunities during the forecast period owing to the increasing favorable initiatives of the government of the nations in the region, such as China, India, Japan, Korea, and others, by means of funding for the development of healthcare infrastructure, along with the growing population in the region, which is raising the need for basis healthcare services. The current healthcare expenditure (% of GDP) in the East Asia and Pacific region, according to the statistics by the WHO, grew from 6.20% in 2001 to 6.69% in 2018. Additionally, the current healthcare expenditure per capita (current US$) grew 3x from USD 222.49 in 2001 to USD 721.88 in 2018.
Customization of the Report
The key players operating in the Soil Stabilization Materials Market are KEY PLAYERS. The report further contains deep insights on the business strategies of these players, along with their key performance indicators, recent developments, SWOT analysis, and others.
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Kenneth Research provides scheduled syndicated reports that help industry professionals and organizations decipher market trends to take significant decisions and plan strategies. We cater to a wide range of industries including healthcare & pharmaceuticals, ICT & telecom, automotive & transportation, energy & power, chemicals, FMCG & food, aerospace & defense, among others. Our research team ensures to track and analyze the industry on a regular basis to offer strategic business consultancy services on a global level. We, at Kenneth Research, are adept at capturing descriptive insights on crucial topics to help our clients make their informed decisions.
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Mason Mount
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