Trona Market Size, Share, Growth Report 2032

Trona Market Size And Industry Analysis

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. The report analyzes the global trona market’s drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the trona market.

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Trona Market: Overview

The mineral trona is a non-marine form of sodium sesqui-carbonate. It is also referred to as sodium carbonate, and its molecules are composed of two hydration fluids, sodium bicarbonate, and sodium carbonate. Its chemical composition is Na2CO3NaHCO32H2O. The word "trona" is a Swedish word that signifies "local salt." In arid areas, trona is found in deposits and forms efflorescent crusts on the walls of mines and caves.

The odorless, light brown solid dust or crystal known as trona is used in the production of glass and a variety of other industrial processes. It is mostly used as a culinary additive and for water conditioning. A common source of soda ash is trona. Most industries that use soda ash are those that produce paper, chemicals, glass, and textiles.

Key Insights

• As per the analysis shared by our research analyst, the global trona market is estimated to grow annually at a CAGR of around 6.0% over the forecast period (2022-2028).
•  In terms of revenue, the global trona market size was valued at around USD 2.7 billion in 2021 and is projected to reach USD 4.1 billion, by 2028.
• Due to a variety of driving factors, the market is predicted to rise at a significant rate. The global trona market is projected to grow owing to the increasing demand for trona from various end-use industries such as glass, water & wastewater treatment, and others.
• Based on type, the natural segment is expected to dominate the market during the forecast period.
• Based on application, the glass segment is anticipated to propel the market growth.
• Based on region, North America is projected to dominate the market during the forecast period.

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Trona Market: Growth Drivers

Growing demand for trona from the various end-use industries to drive the market growth

The growing demand for trona from the various end-use industries such as glass, water & wastewater treatment, synthetic detergents & fertilizers, pulp & paper, and others is expected to propel the market growth during the forecast period. Soda ash is largely utilized in the waste and water industries to minimize soluble calcium and other compounds that result in non-carbonate hardness. Water shortage is projected to become a major issue in the coming years at the rate that the population is now expanding and wasting water.

Industry professionals from around the world are attempting to fulfill the rising demand by constructing new waste and water treatment facilities to supply drinking water to residents as the quantity of adequate available water resources is declining. Around 90% of the water and sewage systems in the world are owned by the government. To expand their business and meet the growing demand for pure water, these professionals are also looking to acquire smaller utilities. On the other hand, Soda ash is used in the pulping, bleaching, and neutralization of effluent stream processes in the pulp and paper industry.

The global increase in literacy rates, particularly in developing nations like China, India, and Brazil, is the factor mainly driving the continued rise in paper consumption despite the global increase in digitalization. The need for paper is anticipated to increase even more in these economies as a result of rising consumption, modern retailing, and an increase in the number of rural schools. Additionally, the recent increase in e-commerce has opened up new markets for the paper and pulp business, where paper is utilized in packaging. Thus, the increasing demand for trona from various end-use industries drives the market growth during the forecast period.

Trona Market: Restraints

Rapid depletion along with the rising cost of soda ash is expected to hamper market expansion

The rapid depletion along with the rising cost of soda ash is expected to hamper the global trona market growth during the forecast period. For instance, the price of soda ash, which is frequently traded on spot markets in Europe and Asia, was grown in 2021 by USD 134 per tonne to reach 318, according to the Trading Economics website. Based on contract for difference (CFD) trading, which follows the benchmark market for this commodity. Moreover, in 2021, the consumption of soda ash in the United States was reported to reach a peak of some 5.3 million metric tons. This was a considerable increase from the approximately 4.4 million metric tons of soda ash consumed in the previous year.

Trona Market: Opportunities

Growing pollution control requirement is expected to provide lucrative opportunity for the market growth

In recent years, the cost of producing electricity has virtually doubled due to increasingly strict pollution control regulations for new power plants. The Air Pollution Control Act of 1995 requires that industrial boilers and coal-fired power plants in the United States minimize their emissions of HCl, Hg, SO3, and SO2. Numerous utility and industrial boilers, as well as several industrial processes, have been installed and are rapidly using Flue Gas Desulfurization (FGD) systems. Therefore, expanding the usage of FGD systems is anticipated to increase trona demand.

Trona Market: Segmentation

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

Based on type, the global market is bifurcated into natural and synthetic. Natural trona is expected to dominate during the forecast period. The growth in the segment is attributed to the increasing demand for natural trona from various end-use industries such as chemical, glass, detergents, paper & textile, and others. Moreover, numerous applications use sodium carbonate or natural soda ash (based on trona). They are already well known for their efficiency in silicate and glass flux. Furthermore, they are acting as a chemical that can replace caustic soda and raise pH. Thus, driving the segmental growth during the forecast period.

Based on application, the market is segmented into soaps, detergents, glass, air pollution control, animal feed, paper and pulp, and others. The glass application is anticipated to propel the growth of the market during the forecast period. The most common type of glass, soda-lime-silica glass, is produced using soda ash because of its capacity to lower temperatures.

This glass is widely used in the building and construction, automotive, and food and beverage end-use industries. Urbanization and industrialization are driving factors in the worldwide market. Additionally, because glass is used so frequently in these sectors, the expansion of these sectors will increase demand for glass in the years to come. The production of glass accounts for more than 40% of all soda ash produced globally, making this industry the major shareholder in the trona market.

China was the top exporter of glass products, according to World's Top Exports (WTEx), with exports valued at about USD 16.9 billion, or about 22% of all glass exports worldwide. With respective shares of the global glass export of roughly 10.1%, 7.6%, and 4.6%, Germany, the U.S., and France came in second and third respectively.

Recent Developments:

• In November 2021, Ciner Enterprises Inc. (CEI), a wholly owned subsidiary of We Soda Ltd of London, UK, signed a definitive agreement to sell 60% of Ciner Resources Corporation (CRC) to Sisecam Chemicals USA Inc., a wholly owned subsidiary of Turkiye Sise ve Cam Fabrikalari A.S. of Istanbul, Turkey.
• In December 2019, Tata Chemicals through its wholly-owned subsidiary, Valley Holdings Inc., acquired the remaining 25 percent partnership interest in Tata Chemicals (Soda Ash) Partners Holdings from The Andover Group, Inc., a subsidiary of Owens-Illinois Inc. for USD 195 Mn. With this acquisition, Tata Chemicals has increased its ownership in Tata Chemicals (Soda Ash) Partners to 100%. For the year ending March 2019, TCSAP had a turnover of USD 465.5 Mn and an EBITDA of USD 100.7 Mn.

Trona Market Report Scope:

Trona Market: Regional Analysis

North America is expected to dominate the market during the forecast period

North America is expected to dominate the global trona market during the forecast period. In the upcoming years, the region is anticipated to continue to be trona's biggest market. It is anticipated that increased demand would result from the use of trona in environmental applications and the manufacturing of soda ash.

Due to high demand, cement manufacturing is also probably going to help the sector. The strength of grout is increased, and the bleeding value of cement is decreased, using soda ash. However, the Asia Pacific region is expected to grow at the highest CAGR during the forecast period. Between 2016 and 2019, China dominated the Asia-Pacific construction market. Due to social infrastructure and inexpensive housing, the industry is anticipated to continue expanding.

China is the world's largest user of flat glass, and its creative infrastructure improvements have advanced the use of glass. For instance, according to secondary sources, around 8.69 million weight cases of plate glass were produced in China in July 2022. In 2021, the total volume of annual production exceeded one billion weight cases. The major building material for contemporary architecture, including glass facades, was plate glass. Therefore, owing to the aforementioned facts the regional market is growing at the fastest rate during the forecast period.

Trona Market: Competitive Analysis

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.

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