Global Trona Market To Grow At A CAGR Of 6.0% By 2028

The global trona market size was worth around USD 2.7 billion in 2021 and is predicted to grow to around USD 4.1 billion by 2028 with a compound annual growth rate (CAGR) of roughly 6.0% between 2022 and 2028.

A non-marine mineral known as trona can be found in salt deposits as an evaporite. It is frequently used for the industrial manufacturing of soda ash and is composed of hydrated carbonate and sodium bicarbonate. Additionally, it is employed in the manufacture of cement, the refinement of precious metals, and the production of coal-fired electricity. Trona is also included in animal feed as a dietary buffer to lower the risk of metabolic diseases and enhance the caliber & volume of milk that cattle produce. Other than these, trona has a wide range of uses in the paper & pulp, chemical, textile, and water treatment sectors.

One of the major factors contributing to the world's rapid industrialization is the positive outlook for the global trona market. The extensive use of trona in the production of soda ash is another factor fueling market expansion. Trona is often burned to high temperatures when it is transformed into soda ash or sodium bicarbonate.

Additionally, it is employed in the production of several detergents, fabrics, and glasses. Accordingly, the development of beneficial government programs to reduce the levels of air pollution in both developed and emerging economies is also aiding in the market's expansion. Trona helps remove hydrochloric acid, hydrofluoric acid, and sulfur oxides from fuel gas emissions produced by industrial units. The use of dry sorbent injection systems also enables power plants to reduce carbon emissions into the atmosphere. Additional factors that are projected to propel the market ahead include the growing use of trona in the manufacture of solar panels and vehicle flat glasses.

The global Trona market is segmented based on the type, application, and region.

The natural and synthetic segments of the global market are divided based on type. Throughout the predicted period, natural trona is anticipated to dominate. The increase in demand for natural trona from a variety of end-use sectors, including chemical, glass, detergents, paper & textile, and others, is blamed for the segment's expansion. Additionally, natural soda ash or sodium carbonate is used in many applications (based on trona). They already have a solid reputation for being effective in fluxing silicate and glass. Additionally, they are functioning as a chemical that can elevate PH in place of caustic soda, fueling the segmental growth over the forecast period.

The market is divided into segments for soaps, detergents, glass, air pollution management, animal feed, paper and pulp, and others based on application. During the projection period, it is anticipated that the glass application will fuel market expansion. Because of its ability to lower temperatures, soda ash is used in the production of soda-lime-silica glass, the most popular type of glass.

The building & construction, automobile, and food & beverage end-use industries all make extensive use of this glass. In the global market, urbanization and industrialization are key driving factors. For instance, according to the United Nations, By 2050, 68% of the world's population, or more than half of all people, would reside in urban areas. According to projections, by 2050, there might be 2.5 billion more people living in urban areas worldwide due to urbanization, which is the steady movement of people from rural to urban areas. Nearly 90% of this population expansion would occur in Asia and Africa.

The market for Trona is divided into five regions based on geography: North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. Throughout the projected period, North America is anticipated to lead the global trona market. It is projected that the region will remain trona's largest market in the upcoming years. The use of trona in environmental applications and the production of soda ash are expected to lead to an increase in demand. The industry will probably benefit from cement production as a result of the increased demand. Using soda ash improves the strength of grout and reduces cement's bleeding value.

The global trona market is dominated by players like FMC Corporation, WE Soda Ltd., OCI COMPANY Ltd., ANSAC, Sun Capital Partners, Inc., Tata Chemicals Ltd., Genesis Energy, LP, Eti Soda Elektrik, Solvay, TRInternational, among others.

Recent Development:

• In May 2022, Genesis Energy, L.P. announced that it has redeemed 100% of the Alkali asset-level preferred units that were originally issued in 2019 to fund the expansion of sits Granger soda ash facility.

This review is based on a report by Zion Market Research, titled “Trona Market By Type (Natural and Synthetic), By Application (Soaps, Detergents, Glass, Air Pollution Control, Animal Feed, Paper and Pulp, and Others), and By Region - Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2022 – 2028.”- Report at https://www.zionmarketresearch.com/report/trona-market

The global trona market is segmented as follows:

By Type

• Natural
• Synthetic

By Application

• Soaps
• Detergents
• Glass
• Air Pollution Control
• Animal Feed
• Paper and Pulp
• Others

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

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