Global Trona Market, By Type (Natural, Synthetic), Functional Use (Bath Salts, Water Treatment, Cleaning Agent, Softening Agent), Application (Soda Ash, Animal Feed, Air Pollution Control), End Use (Chemicals, Metals and Mining, Paper and Pulp, Animal Feed, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Trona Market
Trona market is expected to grow at a compound annual growth rate of 6.50% for the forecast period of 2021 to 2028. Data Bridge Market Research report on trona market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecasted period while providing their impacts on the market’s growth.
Trona is a type of a non-marine mineral which is rich in sodium carbonate. The molecular formula of trona is Na2CO3NaHCO32H2O and is an odorless dust, light brown solid, or crystal. Trona is widely used in various industrial applications such as air pollution control, soaps, detergents, glass, animal feed, mining, paper and pulp and metals among others as well as it is also used in water conditioning and food additives.
The accessibility of trona in the mines, wide industrial applications and concentrated source of mines has highly influenced growth of the trona market. In line with this, the trona being a non-energy product is not directly affected by the oil and natural gas prices and is widely used in various industrial applications of soda ash in detergents, glass and textiles which is also acting as a key determinant favoring the growth of the trona market over the forecast period of 2021 to 2028. Also the, increasing adoption as well as increasing demand for soda ash (sodium carbonate) from end use industry is also positively impacting the growth of the trona market. The major factor accountable for the growth of the market is the growing air pollution which is boosting the demand for trona because it removes hydrochloric acid, oxides of sulfur and hydrofluoric acid from fuel gas emissions. Beside this, the ever-increasing demand from the glass manufacturers is also flourishing the growth of the trona market. However, the rising manufacturing costs in glassmaking, extended contact with trona may cause skin and eye irritation as well as the limited resources of trona mineral may act as key restraints towards trona market growth rate in the forecast period of 2021 to 2028, whereas the fluctuating raw materials cost and energy consumption have the potential to challenge the growth of the trona market.
Furthermore, the stringent government regulations for controlling air pollution and R&D activities and raising the use of FGD systems will further offer a variety of growth opportunities for the trona market in the above mentioned forecast period.
This trona market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on trona market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Trona Market Scope and Market Size
Trona market is segmented on the basis of type, functional use, application and end use. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of type, the trona market is segmented into natural and synthetic.
- On the basis of functional use, the trona market is segmented into bath salts, water treatment, cleaning agent and softening agent.
- The application segment for trona market is segmented into soda ash, animal feed and air pollution control.
- Based on end use, the trona market is segmented into chemicals, metals and mining, paper and pulp, animal feed and others.
Trona Market Country Level Analysis
Trona market is analyzed and market size, volume information is provided by country, type, functional use, application and end use as referenced above.
The countries covered in the market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America leads the trona market because of the growing use of trona for the production of soda ash and environmental applications in this region. Asia-Pacific is expected to expand at a significant growth of the over the forecast of 2021 to 2028 due to attendance of affordable housing and social infrastructure in this particular region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Trona Market Share Analysis
Trona market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to trona market.
The major players covered in the trona market report are FMC Corporation, Ciner Resources Corporation, OCI Company Ltd., ANSAC, Searles Valley Minerals Inc., Tata Chemicals Ltd., Genesis Energy, L.P., Eti Soda Elektrik and Solvay, among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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