Key Market Overview:
Trona Market size was worth USD 2.94 Billion in 2021, accounting for a CAGR of 2.5% during the forecast period (2022-2030), and the market is projected to be worth USD 3.67 Billion by 2030.
Trona, which is also known as sodium sesquicarbonate, is a natural mineral that is a vital ingredient in the manufacturing of soda ash. In turn, soda ash is an important constituent in the production of commodities such as glass, chemicals, and detergents. Trona is obtained through the solution mining process, where water is injected into the deposit to dissolve the mineral. The solution is then pushed to the surface and treated to remove impurities before being improved into soda ash through calcination. Due to the increase in demand for soda ash and its by-products, the extraction of trona is increasingly having significant status in industries all around the world. Furthermore, the world’s enormous trona deposit is in Wyoming’s Green river basin, where approximately 47 billion tons of trona can be extracted. Moreover, trona is also utilized in the treatment of water as it softens the hard water by eliminating minerals such as magnesium and calcium. Additionally, trona is also employed in the industry of oil and gas as a drilling mud additive to rise the stability and density of the drilling fluids.
Through the regional analysis of the market, it is estimated that North America dominates the market with the largest market share due to the presence of the predominant glass and chemical industry. Moreover, Asia Pacific and Europe is growing with a healthy CAGR due to the utilization of glass.
Market Dynamics
Driver
The increasing demand for trona, especially in the industry of glass and chemicals, propels the growth of the trona market. Trona is employed in the manufacturing of container glass, specialty glass, and flat glass. Furthermore, trona is employed to obtain chemicals such as sodium cyanide, sodium phosphate, and sodium bicarbonate. Also, the rapid development of the construction industry, especially in emerging nations, is driving the market growth of trona owing to its increasing usage of trona as a raw material to manufacture building materials such as cement.
Restraint
Huge investment is required for the mining and processing of trona is hampering the demand of the market. Instituting a new trona processing or mine facility is an expensive and time-consuming procedure, which limits the growth of the market. The extraction process of trona is hazardous to the environment. Furthermore, the competition from synthetic substitutes such as synthetic trona limits the growth of the market as it can be produced at a lower cost.
Trona Report Coverage:
| Report Attributes | Report Details |
| Study Timeline | 2016-2030 |
| Market Size in 2030 (USD Billion) | 3.67 Billion |
| CAGR (2022-2030) | 2.5% |
| By Type | Natural and Synthetic |
| By Application | Soda Ash, Animal Feed, and Air Pollution Control |
| By End-use | Glass, Chemicals, Soaps & Detergents, Metallurgy, and Others |
| By Geography | North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa |
| Key Players | Solvay Chemicals Inc., Ciner Resources, Tata Chemicals North America Inc., OCI Chemical Corp., American Natural Soda Ash Corporation, Genesis Energy L.P., FMC Corp., TR International, Inc., Searles Valley Minerals Inc (Nirma Limited) |
Market Segmentation:
By Type
On the basis of type segment, the trona market is bifurcated into natural trona and synthetic trona. The natural trona is extracted from underground deposits and widely used among the end-users. Moreover, natural trona is utilized to produce soda ash, which is employed in multiple applications such as glass, detergents, chemicals, metallurgy, and others. The synthetic trona is made through a chemical process, where lime and carbon dioxide are reacted to obtain soda ash. Moreover, the natural trona segment is anticipated to dominate the market with the highest market share. However, the synthetic trona segment is growing with the fastest CAGR in the forecast period.
By Application
The application segment is segmented into soda ash, animal feed, and air pollution control. Soda ash also referred to as sodium carbonate, is the most important product derived from trona. Trona ore is heated to get soda ash, which is then used in various industries, including glass manufacturing, where it is used as a flux to lower the melting temperature of raw materials. In the production of detergents, soda ash is used as a water softener. Sodium is a vital mineral for animal health, and trona is utilized as a source of sodium in animal feed. Trona is added to livestock feed to provide essential minerals that are not available in other feed ingredients. Furthermore, Trona is also a source of other minerals such as calcium and magnesium, which play a role in maintaining animal health and performance. Furthermore, trona is utilized in scrubber systems to control sulfur dioxide emissions in coal-fired power plants and other industrial processes. In these systems, trona is mixed with water to form an alkaline solution that reacts with sulfur dioxide, removing it from the flue gas before it is released into the atmosphere. This helps to reduce air pollution and meet regulatory requirements for emissions control.
By End-Use
The end-user segment is segmented into glass, chemicals, soaps & detergents, metallurgy, cement, and others. The glass industry segment is anticipated to dominate the market as it is the largest industrial segment. This holds more than 40.00% of the market share. The rising demand for glass in the automotive, construction, and solar panel industries is anticipated to increase the market for soda ash, which is propelling the market demand. Furthermore, the chemical industry segment is anticipated to grow during the forecast period, owing to the increasing usage of soda ash in obtaining multiple chemicals such as sodium bicarbonate, sodium silicate, and others. This segment holds 25.00% of the market share during the forecast period. The segment of metallurgy is also observing a steady rate owing to the rising use of soda ash as a flux in the metallurgy industry which increases the demand for trona. The cement industry is boosting the market of trona significantly as trona is utilized to progress grout’s strength and decrease bleeding value in cement.
By Region
The regional segment includes Asia Pacific, Europe, North America, the Middle East, and Africa, Latin America. North America region is expected to dominate the market with the largest market share of 45.00%. This region is anticipated to remain the largest market for trona over the coming years. The region is home to the largest trona reserve in the world, the Green River Basin mines in Wyoming, which is one of the major factors contributing to its dominance in the market. The US has a well-established glass and chemical industry, which drives the demand for trona. Moreover, the Asia Pacific market is estimated to witness substantial growth in the forecast period. The industry is expected to increase owing to the affordable social and housing infrastructure. China is a huge consumer of flat glass in its infrastructural developments, this has expanded the utilization of glass which is anticipated to increase the demand for trona. Europe accounted for 25.00% of the market share in the overall global market. The major countries in the region which has huge consumption of trona are Germany, France, and the United Kingdom. The region has a well-established glass and chemical industry, which drives the demand for trona.
Trona Market Competitive Landscape
Stakeholders have the opportunity to assess parameters such as merger acquisitions, business strategies, and SWOT analysis. The nature of the global market is predominantly competitive or high due to the existence of large numbers of market industry players. Listed are the key market players that consist of the latest market concentration or currently operate or function in market circumstances.
- Solvay Chemicals Inc.
- Ciner Resources
- Tata Chemicals North America Inc.
- OCI Chemical Corp.
- American Natural Soda Ash Corporation
- Genesis Energy L.P.
- FMC Corp.
- TR International, Inc.
- Searles Valley Minerals Inc (Nirma Limited)
Recent developments
- In 2019, Ciner Resources announced the completion of its expansion project at the Green River Basin mines in Wyoming, which increased its production capacity of soda ash by 20%.
- In 2019, Tata Chemicals announced that the company has expanded the footprint of its new soda ash production facility in Gujarat, India, which impact on increasing its overall production capacity by 25%.
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