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Global Urea Market to Grow at a CAGR of 2% over the Forecast Period of 2020-2025.

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"According to a new report by EMR titled, ‘Global Urea Market Report and Forecast 2020-2025’, the global demand for urea stood at a volume of nearly 187.8 million metric tons in 2019. The demand for urea is further projected to grow at a CAGR of around 2% between 2020 and 2025 to attain a volume of nearly 211.5 million metric tons by 2025."

The global urea market is being driven by the increased demand for the product in the agricultural sector to produce fertilisers. The fertiliser segment, among other applications of urea, serves as the most dominant sector, accounting for more than 80% of its global consumption. Within the Asia Pacific, the regions like India and Thailand are the major demand drivers of the traditional fertilisers, thus aiding the urea industry. The Asia Pacific is the leading supply market for urea, accounting for nearly 60% of the share in the global urea market. China is the leading consumer of urea, followed by India. China is also the largest producer of the product. While China is the net exporter of urea, India is the leading urea importer, accounting for more than 15% of its global imports.

Nitrogen is a key nutrient in any fertiliser programme, and it is delivered in the form of urea. In August 2019, Yara International ASA (OTCMKTS: YARIY), a key player in the industry, collaborated with Nel to produce carbon-free hydrogen for fertiliser production, which is expected to increase the demand for fertilisers and in turn urea, thus, aiding the global urea industry. Qatar Fertiliser Company, owned by IQ (75%), and Yara Netherland B.V. (25%), produces the majority of urea in either the prilled or granular form, and the company also manufactures Urea Formaldehyde Condensate (UFC-85), an anti-caking agent which is added to urea products to improve their strength. Such developments are expected to aid the growth of the global urea market over the forecast period.

Market Breakup by Applications and Regions:

  • On the basis of applications, the global urea industry can be divided into fertiliser, urea formaldehyde (UF) and melamine resins, melamine (cyanurates), and animal feed, among others.
  • Region-wise, the global urea market can be divided into North America, the Asia Pacific, Europe, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The expanding agriculture sector is driving the growth of the urea market globally.
  • The increased demand for urea and its derivatives, particularly for use in fertilisers in most of the regions, including North America, Brazil, and India, is aiding the market further.
  • The increasing global population and the rising disposable incomes are further propelling the industry forward.
  • The availability of feedstock for urea production and its low price is supporting the growth of the market.

Key Offerings of the Report:

  • The EMR report gives an overview of the global urea industry for the periods (2015-2019) and (2020-2025).
  • The report also offers the historical (2015-2019) and forecast (2020-2025) information for the regional markets of urea.
  • An analysis of the regional price trends has been provided for the (2015-2019) and (2020-2025) periods.
  • The report also looks in-depth into the trade data, covering the leading exporting and importing markets, along with their value and volume.
  • It also provides an assessment of the market based on the Porter’s Five Forces model, along with a SWOT and value chain analysis.

The major players in the global urea market are Yara International ASA, Qatar Fertiliser Company (QAFCO), PT Pupuk Kaltim, Indian Farmers Fertiliser Cooperative Ltd. (IFFCO), CF Industries Holdings, Inc., Nutrien Ltd., National Fertilizers Ltd (NFL), Saudi Arabian Fertilizer Company (SAFCO), and Engro Corporation Limited, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

About Us:

EMR is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.

At EMR, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.

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"Global Urea Market: By Application: Fertilizer, Urea Formaldehyde (UF) & Melamine Resins, Melamine (Cyanurates), Animal Feed; By Region: North America, Europe, Asia Pacific, Latin America, Middle East & Africa; Historical Production and Consumption (2015-2019); Production and Consumption Forecast (2020-2025); SWOT Analysis; Price Analysis; Trade Data Analysis (HS Code: 310210); Value Chain Analysis; EMR’s Key Indicators for Demand; EMR’s Key Indicators for Price; Procurement Strategy; Cost Analysis; Competitive Landscape & Supplier Analysis; Manufacturing Process"

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