The global urea market demand reached a volume of nearly 187.8 million metric tons in 2019. The demand is expected to grow at a CAGR of 2% between 2020 and 2025. By 2025, the global demand is projected to attain 211.5 million metric tons. The most dominant application sector is the fertilizer segment, accounting for over 80% of the global consumption of urea.
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The Asia Pacific is the major supply market, accounting for almost 60% of the global urea market share. The demand rate in the region is expected to stand at a CAGR of 2.2% in the forecast period. The healthy growth in the region owes to the growing demand from India and Thailand for traditional fertilisers. Within the Asia Pacific region, China is the largest producer as well as consumer of urea. India follows China as the second-largest consumer market. China is also the net exporter of urea, exporting majorly to India and North America. Although most of the exporters are from gas-rich countries, China is a significant exporter due to its rich coal supply, which is a feedstock of the product. Unlike China, which is a self-sufficient urea market, India imports the product in order to meet the regional demand. India is among the top importers of urea globally, accounting for over 15% of the total imports. Other than China, Indonesia, and Pakistan export the product to meet the domestic demand within the region. The other major importing countries in the region include South Korea and Thailand.
North America, another significant urea market, is expected to expand its capacity, which would reduce the region’s reliance on imports. There are multiple projects proposed in order to expand the capacity and, thus, the supply in the region. The demand for the product in North America is higher than the global market growth rate. The growing demand can also be attributed to the increasing economy in the region.
Properties and Applications
Urea also referred to as carbamide, is a carbonic acid diamide with the formula H2NCONH2. It has important applications as a feed supplement and fertilizers. It is also used as a starting product for the production of medications and plastics. It is a transparent and crystalline material that melts at a temperature of 132.7 ° C (271 ° F) and decays before boiling. It has wide applications in the following segments:
The EMR report also covers the regional urea markets like North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
The growing agriculture sector is driving the global urea market growth. Urea and its derivatives are widely used as fertilisers in most of the markets, including North America, Brazil, and India. The growing demand for N-fertilisers is providing a push to the growing demand for the product in the market. Thus, the rising fertilizer market, as well as nitrogen application, is driving the urea market growth further.
China has abundant sources of coal, an important feedstock for urea production, and the Chinese coal prices support the growth of urea production in the region. The developing countries, like the South Asian and Latin American countries, are likely to have an increased demand for the product as compared to other regions due to the increasing consumption of the product in these countries. Urea also acts as a vital feedstock in the production of adhesives, resins, plastics, etc. Thus, the growth of the markets of these products significantly supports the growth of the urea market. The product is also being increasingly used in automobiles due to the changing regulations regarding the use of nitrogen oxide in diesel engines, which is propelling the urea market further. The product is also used abundantly to produce urea-formaldehyde resins, melamine, diesel exhaust fluids, and livestock feed, and their growing demand is supporting the growth of the industry.
The report gives a detailed analysis of the following key players in the global urea market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
The comprehensive EMR report provides an in-depth assessment of the industry based on Porter’s five forces model, along with giving a SWOT analysis. The report also provides the price analysis and trade data for the market.
1.1 Objectives of the Study
1.1.1 Research Objective
1.1.2 Key Findings of the Report
2 Research Methodology
2.1 Data Extraction
2.2 Data Corroboration
2.3 Market Structure
2.5 Market Models
3.1 Market Outlook
3.2 Market Scope and Segmentation
3.3 Additional Insights
4 Executive Summary
4.1 Key Market Developments
4.2 Market Analysis
4.3 Key Players
4.4 Cost Structure
4.5 Market Revenue and Growth
5 Market Dynamics
5.1 Market Driver Analysis
5.2 Market Restraint Analysis
5.3 Industry Challenges
5.4 Industry Opportunities
6 Global Urea Market Analysis
6.1 Figure: Global Urea Historical Market (2015-2019) & Forecast (2020-2025)
6.2 Chart: Global Urea Market Breakup by Application
6.2.2 Urea Formaldehyde (UF) & Melamine Resins
6.2.3 Melamine (Cyanurates)
6.2.4 Animal Feed
6.3 Figure: Global Urea Market Breakup by Application: Historical Market (2015-2019) & Forecast (2020-2025)
6.3.2 Urea Formaldehyde (UF) & Melamine Resins
6.3.3 Melamine (Cyanurates)
6.3.4 Animal Feed
6.4 Chart: Global Urea Market Breakup by Region
6.4.1 North America
18.104.22.168 United States of America
22.214.171.124 United Kingdom
6.4.3 Asia Pacific
6.4.4 Latin America
6.4.5 Middle East and Africa
126.96.36.199 Saudi Arabia
188.8.131.52 United Arab Emirates
184.108.40.206 South Africa
6.5 Figure: Global Urea Market Breakup by Region: Historical Market (2015-2019) & Forecast (2020-2025)
6.5.1 North America
220.127.116.11 United States of America
18.104.22.168 United Kingdom
6.5.3 Asia Pacific
6.5.4 Latin America
6.5.5 Middle East and Africa
22.214.171.124 Saudi Arabia
126.96.36.199 United Arab Emirates
188.8.131.52 South Africa
7 Global Urea Price Analysis
7.1 North America Historical Price Trends (2015-2019) and Forecast (2020-2025)
7.2 Europe Historical Price Trends (2015-2019) and Forecast (2020-2025)
7.3 Asia Pacific Historical Price Trends (2015-2019) and Forecast (2020-2025)
7.4 Latin America Historical Price Trends (2015-2019) and Forecast (2020-2025)
7.5 Middle East and Africa Historical Price Trends (2015-2019) and Forecast (2020-2025)
8 Global Trade Data Analysis (HS Code: 310210)
8.1 Major Exporting Countries: By Value and Volume
8.2 Major Importing Countries: By Value and Volume
9 SWOT Analysis
10 Porter’s Five Forces Analysis
10.2 Buyer’s Power
10.3 Supplier’s Power
10.4 New Entrants
10.5 Degree of Rivalry
11 Value Chain Analysis
12 EMR’s Key Indicators for Demand
13 EMR’s Key Indicators for Price
14 Procurement Strategy
14.1 Engagement Practices
14.2 Urea Shipping Details
15 Cost Analysis
15.1 Raw Material Cost
15.2 Freight & Handling
15.3 Others Cost
16 Competitive Landscape & Supplier Analysis
16.1 Yara International ASA
16.1.1 Company Overview
16.1.2 Financial Analysis
16.2 Qatar Fertiliser Company (QAFCO)
16.2.1 Company Overview
16.2.2 Financial Analysis
16.3 PT Pupuk Kaltim
16.3.1 Company Overview
16.3.2 Financial Analysis
16.4 Indian Farmers Fertiliser Cooperative Ltd. (IFFCO)
16.4.1 Company Overview
16.4.2 Financial Analysis
16.5 CF Industries Holdings, Inc.
16.5.1 Company Overview
16.5.2 Financial Analysis
16.6 Nutrien Ltd.
16.6.1 Company Overview
16.6.2 Financial Analysis
16.7 National Fertilizers Ltd (NFL)
16.7.1 Company Overview
16.7.2 Financial Analysis
16.8 Saudi Arabian Fertilizer Company (SAFCO)
16.8.1 Company Overview
16.8.2 Financial Analysis
16.9 Engro Corporation Limited
16.9.1 Company Overview
16.9.2 Financial Analysis
17 Events and Developments
Additional Customisations Available:
18 Manufacturing Process
18.1 Detailed Process Flow
18.2 Operations Involved
18.3 Mass Balance
The global urea market attained a demand volume of 187.8 million metric tons in 2019. It is expected to witness a further growth in the forecast period of 2020-2025, growing at a CAGR of 2%. The market demand is projected to reach 211.5 million metric tons by 2025.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on its application sectors, the global urea market can be segmented into fertilizer applications, urea formaldehyde (UF) and melamine resins, melamine (cyanurates), and animal feed, among others, with the fertilizer segment accounting for nearly 80% of the product’s application. The major regional urea markets are North America, the Asia Pacific, Europe, Latin America, and the Middle East and Africa, with the Asia Pacific being the leading supply market. The key players in the above industry include 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 major drivers of the industry such as rising disposable incomes, increasing population, growing agriculture and fertilizer sectors, healthy coal supply in China, and rising demand from emerging economies are driving the growth of the urea market globally. EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with industry insights that are accurate, actionable, and help them remain ahead of their competition.
EMR’s approach gives their clients a comprehensive assessment of the prevailing and projected industry conditions through the collection, collation, and analysis of data from trusted sources. The key questions answered in the market study are:
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