As per this study the Global Trona Market was valued USD XX MN (by revenue) in 2020 and is anticipated to reach USD XX MN by 2027 with a CAGR of XX%. By volume, the market was estimated XX KT in 2020 and is expected to reach XX KT by 2027 with a CAGR of XX%.
Trona is a non-marine mineral rich in sodium carbonate. The molecular formula of trona is Na2CO3NaHCO32H2O. It’s a light brown solid, odorless dust, or crystal used in various industrial applications such as soaps, detergents, glass, air pollution control, animal feed, paper and pulp, mining, and metals among others. It is also used in water conditioning and food additives.
The growing demand for soda ash (sodium carbonate) from end-use industry is driving the market growth. Increasing air pollution is boosting the demand for trona because it removes oxides of sulfur, hydrochloric acid and hydrofluoric acid from fuel gas emissions. On the other hand, elongate contact with trona may cause skin and eye irritation which may restrict market growth. Whereas, strict government regulations for controlling air pollution is expected to create potential opportunity over the forecast period.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of trona.
The broad trona market has been sub-grouped into type, and application. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
- Air Pollution Control
- Animal Feed
- Paper and Pulp
Furthermore, the report comprises of the geographical segmentation which mainly focuses on current and forecast demand for trona in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Trona Market Size, Share Analysis Share by Region (Representative Graph)
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the trona market include American Natural Soda Ash Company, FMC Corporation, General Chemical, Magadi Soda Company, OCI Chemical Corp, Searles Valley Minerals Inc., Solvay Chemicals Inc. and Tata Chemicals. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
A combination of primary and secondary research has been used to determine the market estimates and forecasts. Sources used for secondary research include (but not limited to) Paid Data Sources, Company Websites, Technical Journals, Annual Reports, SEC Filings and various other industry publications. Specific details on methodology used for this report can be provided on demand.