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U.S. Trona Market Size, Share & Trends Analysis Report By Application (Soda Ash, Animal Feed, Air Pollution Control), By End-use (Glass, Chemicals, Detergents, Others), Segment Forecasts, 2023 - 2030
U.S. Trona Market Size, Share & Trends Analysis Report By Application (Soda Ash, Animal Feed, Air Pollution Control), By End-use (Glass, Chemicals, Detergents, Others), Segment Forecasts, 2023 - 2030
U.S. Trona Market Size, Share & Trends Analysis Report By Application (Soda Ash, Animal Feed, Air Pollution Control), By End-use (Glass, Chemicals, Detergents, Others), Segment Forecasts, 2023 - 2030
U.S. Trona Market Growth & Trends
The U.S. trona market size is expected to reach USD 1.58 billion by 2030 registering a CAGR of 3.5%, according to a new report by Grand View Research, Inc. Growing chemical and glass manufacturing industries are projected to drive the demand for trona over the forecast period. Structural cost advantages of natural soda ash production in U.S. is projected to lower the market competition through imports.
Local manufacturers have well-established production capacities and mining techniques, which are projected to reduce the costs incurred in natural soda ash manufacturing compared to synthetic soda ash. However, higher export competition from China and Turkey is expected to remain a key challenge for the market participants. Growing product demand in air pollution control applications is expected to play a vital role in the market expansion.
Thus, trona manufacturers need to comply with the rules and regulations regarding carbon footprint occurred during production processes. Moreover, the advent of new mining techniques along with cost-effective sourcing of trona is anticipated to contribute to the market growth. Extensive usage of soda ash in various industries, such as glass manufacturing, chemical, and detergent, is anticipated to foster the product demand in coming years. Mexico accounts for a major share of U.S. soda ash exports, followed by Brazil, and U.S. The product is also projected to witness high demand from South America and Mexico.
U.S. Trona Market Report Highlights Trona is also used in animal feed for dietary buffers for mitigating the metabolic disorder problems linked with high-concentration diets and the segment is expected to grow with a CAGR of 3.2% over the forecast period. The soda ash segment accounted for the largest revenue share of 90.6% in 2022. Soda ash production emerged as the largest application segment for the market. The glass segment accounted for the largest revenue share of 56.3% in 2022 and is expected to grow at a CAGR of 3.8% during the forecast period.Please note The report will be delivered in 2-3 business days upon order notification.