Market Overview:
The global urea market is expected to grow at a CAGR of 3.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for urea from the agriculture sector and rising demand for fertilizers in developing countries. Granular urea is the most popular type of urea and is expected to dominate the market during the forecast period. Asia Pacific is expected to be the fastest-growing region in terms of revenue, followed by Latin America and Europe.
Product Definition:
Urea is a nitrogenous compound that is produced when protein breaks down in the body. It is excreted in urine and plays an important role in maintaining fluid balance and regulating blood pressure.
Granular urea:
Granular urea is a type of urea, which is granular in nature and has high solubility in water. It can be used as an agricultural fertilizer or for the production of synthetic turf.
Small particles of urea:
Small particles of urea are used as a nitrogen source in fertilizers. Urea is the primary nitrogen source for plants and most of the crops on earth. It is produced by an industrial process called the Haber-Bosch process, which involves a reaction between ammonia and hydrogen sulfide. The resulting product has very low toxicity levels compared to other products such as ammonium nitrate or calcium ammonium nitrate (CAN).
Application Insights:
The industry application segment led the global market in 2017 and is projected to expand at a revenue-based CAGR of XX% over the forecast period. The growth can be attributed to increasing demand for agricultural chemicals across various regions, including Asia Pacific, Latin America and Middle East & Africa. In addition, technological advancements coupled with new product launches are expected to drive the demand for urea in several applications such as pesticides manufacturing and paper processing over the coming years.
Urea has numerous uses in agriculture which include crop fertilization, soil improvement & fertility maintenance as well as animal feed supplements among others.
Regional Analysis:
Asia Pacific was the largest market in 2017 and is expected to continue its dominance over the forecast period. The presence of a large number of fertilizer manufacturers coupled with increasing demand from emerging economies such as China, India, and Japan is likely to drive urea consumption in this region. Asia Pacific accounted for 37% of global urea production in 2017.
The industry outlook remains positive due to rising agricultural output coupled with government support for promoting FDI through favorable policies & regulations aimed at reducing import dependence. For instance, Government of India allowed 100% FDI under automatic route for food products in 2014 which will promote domestic manufacturing leading to higher product availability over the next eight years.
Growth Factors:
- Increasing demand for urea as a fertilizer from the agriculture sector, due to the increasing population and their demand for food.
- The increasing use of urea in non-agricultural applications such as animal feed, textile industries, etc.
- The growing awareness about the benefits of using urea among farmers and other end users
- Technological advancements in the production of urea that have helped reduce its cost
- Stringent environmental regulations that promote the use of nitrogen-based fertilizers like urea
Scope Of The Report
Report Attributes
Report Details
Report Title
Urea Market Research Report
By Type
Granular urea, Small particles of urea
By Application
Agriculture, Industry, Others
By Companies
QAFCO, Yara, KOCH, SABIC, OCI, CF Industries, Agrium Inc., EuroChem, Group DF, PotashCorp, Hubei Yihua Chemical Industry, CNPC, Rui Xing Group, Luxi Chemical Group, Huajin Chemical Industries, Hualu-hengsheng, Sichuan Lutianhua, Lanhua Sci-tech
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
233
Number of Tables & Figures
164
Customization Available
Yes, the report can be customized as per your need.
Global Urea Market Report Segments:
The global Urea market is segmented on the basis of:
Types
Granular urea, Small particles of urea
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Agriculture, Industry, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- QAFCO
- Yara
- KOCH
- SABIC
- OCI
- CF Industries
- Agrium Inc.
- EuroChem
- Group DF
- PotashCorp
- Hubei Yihua Chemical Industry
- CNPC
- Rui Xing Group
- Luxi Chemical Group
- Huajin Chemical Industries
- Hualu-hengsheng
- Sichuan Lutianhua
- Lanhua Sci-tech
Highlights of The Urea Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Granular urea
- Small particles of urea
- By Application:
- Agriculture
- Industry
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Urea Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Product & Brand Management
- Channel & Customer Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Urea is a nitrogen-containing compound that is produced by the body in response to protein and carbohydrate metabolism. Urea helps to maintain blood pH levels and can be used as a source of energy or building blocks for other proteins.
Some of the key players operating in the urea market are QAFCO, Yara, KOCH, SABIC, OCI, CF Industries, Agrium Inc., EuroChem, Group DF, PotashCorp, Hubei Yihua Chemical Industry, CNPC, Rui Xing Group, Luxi Chemical Group, Huajin Chemical Industries, Hualu-hengsheng, Sichuan Lutianhua, Lanhua Sci-tech.
The urea market is expected to grow at a compound annual growth rate of 3.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Urea Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Urea Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Urea Market - Supply Chain
4.5. Global Urea Market Forecast
4.5.1. Urea Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Urea Market Size (000 Units) and Y-o-Y Growth
4.5.3. Urea Market Absolute $ Opportunity
5. Global Urea Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Urea Market Size and Volume Forecast by Type
5.3.1. Granular urea
5.3.2. Small particles of urea
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Urea Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Urea Market Size and Volume Forecast by Application
6.3.1. Agriculture
6.3.2. Industry
6.3.3. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Urea Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Urea Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Urea Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Urea Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Urea Demand Share Forecast, 2019-2029
9. North America Urea Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Urea Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Urea Market Size and Volume Forecast by Application
9.4.1. Agriculture
9.4.2. Industry
9.4.3. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Urea Market Size and Volume Forecast by Type
9.7.1. Granular urea
9.7.2. Small particles of urea
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Urea Demand Share Forecast, 2019-2029
10. Latin America Urea Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Urea Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Urea Market Size and Volume Forecast by Application
10.4.1. Agriculture
10.4.2. Industry
10.4.3. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Urea Market Size and Volume Forecast by Type
10.7.1. Granular urea
10.7.2. Small particles of urea
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Urea Demand Share Forecast, 2019-2029
11. Europe Urea Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Urea Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Urea Market Size and Volume Forecast by Application
11.4.1. Agriculture
11.4.2. Industry
11.4.3. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Urea Market Size and Volume Forecast by Type
11.7.1. Granular urea
11.7.2. Small particles of urea
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Urea Demand Share, 2019-2029
12. Asia Pacific Urea Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Urea Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Urea Market Size and Volume Forecast by Application
12.4.1. Agriculture
12.4.2. Industry
12.4.3. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Urea Market Size and Volume Forecast by Type
12.7.1. Granular urea
12.7.2. Small particles of urea
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Urea Demand Share, 2019-2029
13. Middle East & Africa Urea Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Urea Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Urea Market Size and Volume Forecast by Application
13.4.1. Agriculture
13.4.2. Industry
13.4.3. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Urea Market Size and Volume Forecast by Type
13.7.1. Granular urea
13.7.2. Small particles of urea
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Urea Demand Share, 2019-2029
14. Competition Landscape
14.1. Global Urea Market: Market Share Analysis
14.2. Urea Distributors and Customers
14.3. Urea Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. QAFCO
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Yara
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. KOCH
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. SABIC
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. OCI
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. CF Industries
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Agrium Inc.
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. EuroChem
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Group DF
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. PotashCorp
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Hubei Yihua Chemical Industry
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. CNPC
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Rui Xing Group
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Luxi Chemical Group
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Huajin Chemical Industries
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Hualu-hengsheng
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Sichuan Lutianhua
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Lanhua Sci-tech
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
