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Argentina Urea Market Size, Share, Growth, Outlook, Analysis: By Grade: Fertiliser, Feed, Technical; By End Use: Agriculture, Chemical, Medical, Automotive, Others; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators for Demand, Key Indicators for Price; Competitive Landscape; 2024-2032
Argentina Urea Market Outlook
The Argentina urea market size is projected to expand at a CAGR of 1.20% between 2024 and 2032.
Key Takeaways
- The increasing global population demands increased agricultural productivity, which greatly depends on plant nutrition supplements like urea, a nitrogenous fertiliser that improves soil fertility and sustainably boost crop yields.
- The demand for technical grade of urea is also increasing due to its increasing applications in industries like pharmaceuticals and cosmetics.
- The manufacturers are focusing on enhancing the commercial production of urea, including nano urea liquid, and are making efforts to improve its use efficiency while offering higher nutrition.
The Argentina urea market growth is heavily influenced by agricultural practices, as urea is a crucial nitrogen fertiliser for crops. Additionally, it plays a vital role in the production of nutritious animal feed. Urea, being a high-nitrogen compound, is incorporated into animal feed to enhance the protein content, thereby promoting optimal growth and performance of livestock.
In June 2021, IFFCO, a prominent fertiliser cooperative, revealed plans to establish a nano urea liquid production facility in Argentina through a collaboration with Instituto Nacional de Asociativismoy Economia Social (INAES) and 'Cooperar' (Cooperative Confederation of Argentina). Nano urea liquid offered by IFFCO is an effective solution for plant growth and nutrition and has lower environmental impact.
The utilisation of nano urea can greatly influence the quality of groundwater, leading to a substantial decrease in global warming and contributing positively to climate change mitigation and sustainable development.
The demand for urea in Argentina is also on the rise due to its increased utilisation in the manufacturing of drugs and plastics. Urea's hydrogen bonding properties are crucial in the production of pharmaceutical formulations. Moreover, the polymer industry heavily relies on urea to produce specific types of plastics. Urea is indispensable in the synthesis of melamine-formaldehyde (MF) resin, which is utilised in the creation of durable and heat-resistant melamine plastics. Additionally, urea plays a significant role in the production of urea-formaldehyde resins, which are essential for the manufacturing of plastics and adhesives, consequently driving up the Argentina urea market share.
Market Segmentation
Argentina Urea Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments
Market Breakup by Grade
- Fertiliser
- Feed
- Technical
Market Breakup by End Use
- Agriculture
- Chemical
- Medical
- Automotive
- Others
Competitive Landscape
The market players are increasingly prioritising the expansion of production facilities to enhance their capacity to supply urea solution to diverse industries.
- Profertil SA
- BASF SE
- Agrefert SA
- Others
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Grade |
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| Breakup by End Use |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Market Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Latin America Urea Market Overview
8.1 Key Industry Highlights
8.2 Latin America Urea Historical Market (2018-2023)
8.3 Latin America Urea Market Forecast (2024-2032)
8.4 Latin America Urea Market Share by Country
8.4.1 Brazil
8.4.2 Mexico
8.4.3 Argentina
8.4.4 Others
9 Argentina Urea Market Overview
9.1 Key Industry Highlights
9.2 Argentina Urea Historical Market (2018-2023)
9.3 Argentina Urea Market Forecast (2024-2032)
10 Argentina Urea Market by Grade
10.1 Fertiliser
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Feed
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Technical
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
11 Argentina Urea Market by End Use
11.1 Agriculture
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Chemical
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 Medical
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 Automotive
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Others
12 Market Dynamics
12.1 SWOT Analysis
12.1.1 Strengths
12.1.2 Weaknesses
12.1.3 Opportunities
12.1.4 Threats
12.2 Porter’s Five Forces Analysis
12.2.1 Supplier’s Power
12.2.2 Buyers Powers
12.2.3 Threat of New Entrants
12.2.4 Degree of Rivalry
12.2.5 Threat of Substitutes
12.3 Key Indicators for Demand
12.4 Key Indicators for Price
13 Value Chain Analysis
14 Trade Data Analysis (HS Code: 310210)
14.1 Major Importing Countries
14.1.1 By Volume
14.1.2 By Value
14.2 Major Exporting Countries
14.2.1 By Volume
14.2.2 By Value
15 Price Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Profertil SA
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 BASF SE
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Agrefert SA
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Latin America Urea Market: Key Industry Highlights, 2018 and 2032
2. Argentina Urea Market: Key Industry Highlights, 2018 and 2032
3. Argentina Urea Historical Market: Breakup by Grade (USD Million), 2018-2023
4. Argentina Urea Market Forecast: Breakup by Grade (USD Million), 2024-2032
5. Argentina Urea Historical Market: Breakup by End Use (USD Million), 2018-2023
6. Argentina Urea Market Forecast: Breakup by End Use (USD Million), 2024-2032
7. Major Importing Countries by Volume
8. Major Exporting Countries by Volume
9. Major Importing Countries by Value
10. Major Exporting Countries by Value
11. Argentina Urea Market Structure
Key Questions Answered in the Report
The market is projected to grow at a CAGR of 1.20% between 2024 and 2032.
The market is driven by the rising need for nitrogenous fertilisers and the favourable government policies to boost agricultural output of the country.
The key trends aiding the market expansion include the growing utilisation of urea in diverse industries such as for manufacturing plastics and pharmaceuticals, and the rapid industrialisation.
The major grades in the market are fertiliser, feed, and technical grade of urea.
The major end uses of urea are agriculture, chemical, medical, and automotive, among others.
The key players in the market are Profertil SA, BASF SE, and Agrefert SA, among others.
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