Market Size in 2021 | Market Forecast in 2028 | CAGR (in %) | Base Year |
---|---|---|---|
USD 2.7 Billion | USD 4.1 Billion | 6.0% | 2021 |
FrequentlyAsked Questions
The global trona market cap may grow owing to the Increasing adoption of trona for the production of natural soda ash, the rapid development of soda ash production facilities, and the rising chemical sector.
According to the Report, 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 global trona market growth is expected to be driven by North America. It is currently the world’s highest revenue-generating market owing to the rising demand for trona in a variety of end-use industries and rapid development in housing and social infrastructure in countries such as the United States.
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.
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