Reports
Reports
Sale
The Australia urea market size was valued at USD 1.71 billion in 2023. The market is further projected to grow at a CAGR of 1.4% between 2024 and 2032, reaching a value of USD 1.95 billion by 2032.
Some of the key trends that are aiding the Australia urea market development include the surge in demand for increased crop yield and quality, the adoption of precision farming methods, and the growing need for food production. Moreover, the market is influenced by factors such as the ban on urea trade by China leading to shortages and increased prices, prompting Australia to secure local production agreements.
For example, the Perdaman project, with a planned capacity of 2.3 million tons of urea annually, supported by a 20-year offtake partnership with Incitec Pivot Fertilisers, is set to boost Australia's agricultural sector by providing essential fertiliser inputs. Additionally, the NeuRizer Urea Project in South Australia, aiming to produce 1-2 million tons of urea per annum, signifies a strategic move towards securing a stable supply of nitrogen-based fertiliser for both local and export markets. These initiatives not only contribute to the Australia urea market growth but also create job opportunities, stimulates economic growth, and enhance the agricultural sector's resilience by ensuring a reliable source of urea within Australia.
In the chemical industry, urea is utilised in the production of urea formaldehyde (UF) and melamine resins. These resins find applications in wood products, adhesives, and coatings, driving the demand for urea in chemical manufacturing processes. Urea also plays a crucial role in the automotive industry to produce AdBlue, a urea-based solution used in selective catalytic reduction (SCR) systems to reduce nitrogen oxide emissions from diesel vehicles. The automotive sector relies on high-quality urea products to meet stringent emission standards, driving the demand for urea in the automotive industry. Urea is also used in the medical industry for various applications, including as a component in skincare products, pharmaceutical formulations, and diagnostic tests.
Australia Urea Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments
Market Breakup by Application
Market Breakup by End User
Market Breakup by Region
Market players are focused on increasing crop yield by adopting precision farming methods and address challenges related to shrinking arable land and soil nutrition.
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:
|
Breakup by Application |
|
Breakup by End User |
|
Breakup by Region |
|
Market Dynamics |
|
Competitive Landscape |
|
Companies Covered |
|
*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 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 Asia Pacific Urea Market Overview
8.1 Key Industry Highlights
8.2 Asia Pacific Urea Historical Market (2018-2023)
8.3 Asia Pacific Urea Market Forecast (2024-2032)
9 Australia Urea Market Overview
9.1 Key Industry Highlights
9.2 Australia Urea Market Historical Market (2018-2023)
9.3 Australia Urea Market Forecast (2024-2032)
10 Australia Urea Market by Application
10.1 Fertiliser
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Urea Formaldehyde (UF) and Melamine Resins
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Melamine (Cyanurates)
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Animal Feed
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Australia Urea Market by End User
11.1 Agriculture Industry
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Chemical Industry
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 Automotive Industry
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 Medical Industry
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Others
12 Australia Urea Market by Region
12.1 New South Wales
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Victoria
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Queensland
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Australian Capital Territory
12.4.1 Historical Trend (2018-2023)
12.4.2 Forecast Trend (2024-2032)
12.5 Western Australia
12.5.1 Historical Trend (2018-2023)
12.5.2 Forecast Trend (2024-2032)
12.6 Others
13 Market Dynamics
13.1 SWOT Analysis
13.1.1 Strengths
13.1.2 Weaknesses
13.1.3 Opportunities
13.1.4 Threats
13.2 Porter’s Five Forces Analysis
13.2.1 Supplier’s Power
13.2.2 Buyer’s Power
13.2.3 Threat of New Entrants
13.2.4 Degree of Rivalry
13.2.5 Threat of Substitutes
13.3 Key Indicators for Demand
13.4 Key Indicators for Price
14 Value Chain Analysis
15 Trade Data Analysis (HS Code – 310210)
15.1 Major Importing Countries
15.1.1 By Volume
15.1.2 By Value
15.2 Major Exporting Countries
15.2.1 By Volume
15.2.2 By Value
16 Price Analysis
17 Competitive Landscape
17.1 Market Structure
17.2 Company Profiles
17.2.1 Perdaman Group
17.2.1.1 Company Overview
17.2.1.2 Product Portfolio
17.2.1.3 Demographic Reach and Achievements
17.2.1.4 Certifications
17.2.2 Yara Australia Pty. Ltd.
17.2.2.1 Company Overview
17.2.2.2 Product Portfolio
17.2.2.3 Demographic Reach and Achievements
17.2.2.4 Certifications
17.2.3 NeuRizer Ltd
17.2.3.1 Company Overview
17.2.3.2 Product Portfolio
17.2.3.3 Demographic Reach and Achievements
17.2.3.4 Certifications
17.2.4 Others
18 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Asia Pacific Urea Market: Key Industry Highlights, 2018 and 2032
2. Australia Urea Market: Key Industry Highlights, 2018 and 2032
3. Australia Urea Market Historical Market: Breakup by Application (USD Billion), 2018-2023
4. Australia Urea Market Forecast: Breakup by Application (USD Billion), 2024-2032
5. Australia Urea Market Historical Market: Breakup by End User (USD Billion), 2018-2023
6. Australia Urea Market Forecast: Breakup by End User (USD Billion), 2024-2032
7. Australia Urea Market Historical Market: Breakup by Region (USD Billion), 2018-2023
8. Australia Urea Market Forecast: Breakup by Region (USD Billion), 2024-2032
9. Major Importing Countries by Volume
10. Major Exporting Countries by Volume
11. Major Importing Countries by Value
12. Major Exporting Countries by Value
13. Australia Urea Market Structure
In 2023, the market reached an approximate value of USD 1.71 billion.
The market is expected to grow at a CAGR of 1.4% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 1.95 billion by 2032.
The market is being driven due to surge in demand for increased crop yield and quality, the adoption of precision farming methods, and the growing need for food production.
Key trends aiding the market expansion include the focus on nitrogenous fertilisers like urea due to their cost-effectiveness, rising interest in potassic fertilisers to address potassium deficiency, and shift towards local production of urea due to trade ban by China.
Regions considered in the market are New South Wales, Victoria, Queensland, Western Australia, and Australian Capital Territory, among others.
Different applications of urea are fertiliser, urea formaldehyde (UF) and melamine resins, melamine (cyanurates), and animal feed, among others.
In terms of end users, market includes the agriculture industry, chemical industry, automotive industry, and medical industry, among others.
Key players in this market include Perdaman Group, Yara Australia Pty. Ltd., and NeuRizer Ltd, among others.
Mini Report
Single User License
Five User License
Corporate License
Any Question? Speak With An Analyst
View A Sample
Did You Miss Anything, Ask Now
Right People
We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.
Right Methodology
We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.
Right Price
We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.
Right Support
Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.