New Jersey Headlines

U.S. Trona Market Size To Exceed USD 1.53 Billion By 2025: Grand View Research, Inc.

 Breaking News
  • No posts were found

U.S. Trona Market Size To Exceed USD 1.53 Billion By 2025: Grand View Research, Inc.

May 17
12:35 2019
U.S. Trona Market Size To Exceed USD 1.53 Billion By 2025: Grand View Research, Inc.

Grand View Research, Inc. – Market Research And Consulting
According to report published by Grand View Research, Growing chemical and glass manufacturing industries are projected to drive the demand for trona market over the forecast period. Structural cost advantages of natural soda ash production in U.S. is projected to lower the market competition through imports.

According to a report, “U.S. Trona Market Size, Share & Trends Analysis Report By Application (Soda Ash, Animal Feed, Air Pollution Control), By End-use (Power, Glass, Steel, Cement, Oil & Gas), And Segment Forecasts, 2018 – 2025”,   published by Grand View Research, Inc., The U.S. trona market size is expected to reach USD 1.53 billion by 2025 registering a CAGR of 1.7%. 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.

Synthetic esters for compressor oils dominated the application share, accounting for 40.7% of global synthetic ester volume in 2013. Increasing use of the product in compressor oils owing to improved thermal stability, high dielectric strength and low moisture content is expected to be a favorable factor for growth in the near future.

 Key Takeaways from the report:

  • The U.S. trona market is projected to expand at a strong CAGR from 2018 to 2025

  • In terms of revenue, the animal feed application segment is expected to witness a CAGR of 1.4% over the forecast period

  • Soda ash application led the industry accounting for 90% of the overall market share in 2017

  • Ohio state is expected to observe a steady growth over the forecast period, on account of increasing need for pollution control along with rapid industrialization

  • Some of the key industry participants are Genesis Energy L.P.; FMC Corporation; Tata Chemicals Ltd.; Ciner Resources LP; Solvay S.A.; Tata Chemicals Magadi (Magadi Soda Company); Searles Valley Minerals, Inc.; and TRInternational, Inc.

U.S. trona market size, by application, 2014 - 2025 (USD Billion)

 

Browse More Reports in Organic Chemicals Industry:

Acetic Acid Market: Increasing consumption of PTA for manufacturing polyester coupled with rising application scope of polyester in the textile industry is likely to fuel acetic acid market growth over the next seven years. 

Formaldehyde Market: Growth in furniture and construction industry along with increasing concentration in Asia Pacific is expected to be a key driver for the market over the next six years.

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.

Grand View Research has segmented the U.S. trona market on the basis of application, end-use, and state:

U.S. TronaApplication Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 – 2025)

  • Soda Ash

  • Animal Feed

  • Air Pollution Control

U.S. TronaEnd-use Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 – 2025)

  • Power

  • Glass

  • Steel

  • Cement

  • Waste Management

  • Oil & Gas (Refineries)

  • Others

U.S. Trona in Air Pollution Control Technology Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 – 2025)

  • Dry Scrubbing System

  • Wet Scrubbing System

U.S. Trona in Air Pollution Control End-Use Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 – 2025)

  • Power

  • Glass

  • Steel

  • Cement

  • Waste Management

  • Oil & Gas (Refineries)

  • Others

Explore the BI enabled intuitive market research database, Navigate with Grand View Compass, by Grand View Research, Inc.

About Grand View Research

Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.

For more information: www.grandviewresearch.com

Media Contact
Company Name: Grand View Research, Inc.
Contact Person: Sherry James, Corporate Sales Specialist – U.S.A.
Email: Send Email
Phone: 1-415-349-0058, Toll Free: 1-888-202-9519
Address:201, Spear Street, 1100
City: San Francisco
State: California
Country: United States
Website: www.grandviewresearch.com/industry-analysis/us-trona-market

Categories