Reports
Sale
Global Urea Market Share, Analysis, Size, Trends, Forecast: By Application: Fertiliser, Urea Formaldehyde (UF) and Melamine Resins, Melamine (Cyanurates), Animal Feed, Others; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators for Demand, Key Indicators for Price; Competitive Landscape; 2024-2032
Global Urea Market Outlook
The global urea market size reached a volume of 177.21 MMT in 2023. It is expected to grow at a CAGR of 0.9% between 2024 and 2032 driven by the growing demand as a fertiliser from the agriculture sector.
Key Takeaways
- Governments of agrarian-based economies are introducing favourable initiatives to push low-cost production of urea by subsidising gas procurement policies for fertiliser companies.
- With the increased concerns regarding urea shortage amid geopolitical issues, interests in utilising technological interventions like coal gasification in urea production has grown.
- North America, a significant urea market, is focusing on expanding its capacity, to reduce the region’s reliance on imports.
Urea has been widely used as a fertiliser in the agricultural sector to provide plants with nitrogen to promote their growth, among its other applications. Due to its high nitrogen content and enhanced convenience of applications, storage, handling, and transportation, the use of urea over other nitrogen fertilisers has increased.
Further, rising consumption of meat and dairy products for high protein diets has surged the utilisation of feed grade urea, which ensures healthy growth and improved milk production and reproduction in animals, and aids in lowering feeding costs.
Figure: Fertiliser Production by Nutrient, 2020
Key Trends and Developments
Expanding agriculture sector; increasing use of feed grade urea; applications of urea in the automotive sector; and growing use in urea-formaldehyde resin production are the key trends impacting the urea market growth
Feb 20, 2024
Helwan, an Egyptian Urea producer announced the signing of an agreement with SML-INNO UK to produce 130,000 t/yr of black urea.
Jun 7, 2022
PT Pupuk Kalimantan Timur announced its plans to build a factory producing urea, methanol, and ammonia in West Papua’s Bintuni Bay by investing about USD 2 billion. Through the new factory, the company aimed to expand its operations and bolster the economic growth of Indonesia.
Sep 1, 2022
QatarEnergy Renewable Solutions and Qatar Fertiliser Company (QAFCO), the affiliates of Qatar Energy, signed an agreement to construct the world’s largest blue ammonia facility in Mesaieed Industrial City in Qatar.
Increasing demand for nitrogen fertilisers and the growing agriculture sector
The rapidly growing agriculture sector is driving the demand for urea as one of the most essential nitrogenous fertilisers used in agricultural practices.
Rising use of feed grade urea
The consumption of meat and dairy products is increasing worldwide due to their high protein content. This is boosting the incorporation of feed-grade urea in the diet of cattle and other ruminants as it promotes healthy growth, milk production, and reproduction.
Applications of urea in the automotive sector
The adoption of urea in the automotive sector is experiencing an increase, as the most basic function of the automotive urea solution is to transform the nitrogen oxides in automobile exhaust into harmless nitrogen and water, thereby saving energy and protecting the environment.
Application of urea in urea-formaldehyde resin production
A crucial industrial use of urea is in the production of urea-formaldehyde (UF) resins and glues. In the European Union, UF resins are majorly used in the construction sector to produce building materials, including particle boards and plywood.
Urea Market Trends
In APAC countries like India, urea is subsidised for agricultural purposes. The government provides subsidies to fertiliser producers depending on the cost of production at each plant, and the manufacturers are required to sell the fertilisers at the maximum retail price (MRP) determined by the government.
Also, the government has funded grants in the USA to boost fertiliser production to address price hikes caused by the Russia-Ukraine war, spur competition, and ensure food security. Further, in the Canadian Saskatchewan province, the government is committed to developing a competitive business environment with a suite of incentives to support the agricultural market and address high fertiliser prices.
A significant percentage of the population in developing countries depend on agriculture for their livelihood. Favourable agricultural policies in developing and developed countries globally, such as the Atmanirbhar Bharat Abhiyan in India, the U.S. Agricultural Policy in the USA, and the Swiss Agricultural Policy in Switzerland, have encouraged the growth of the agricultural market. Additionally, the growing population is increasing the demand for food and the need for food security.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
Market Segmentation
“Global Urea Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:
Market Breakup by Application
- Fertiliser
- Urea Formaldehyde (UF) and Melamine Resins
- Melamine (Cyanurates)
- Animal Feed
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Based on application, fertiliser dominates the global urea market share, supported by the growing demand for nitrogen rich fertilisers to boost crop production
Urea is considered an ideal nitrogen fertiliser owing to its high nitrogen content (approximately 46%) and low transportation and storage costs. A combination of nitrogen-rich urea-starch composites and melamine supports the development of controlled-release fertilisers that reduce nutrient losses due to run-off and leaching.
The fertiliser segment is closely followed by animal feed applications of urea. Feed grade urea is a widely used source of non-protein nitrogen (NPN) for animals and enhances the profitability of livestock farmers by reducing feeding costs.
Competitive Landscape
The market players offer high-quality urea at a competitive price to meet the growing global demand, especially from the agricultural sector
Yara International ASA
Yara International ASA, headquartered in Norway, is the world’s leading crop nutrition company and a provider of environmental and agricultural solutions.
Indian Farmers Fertilisers Cooperative Limited
IFFCO is one of India's biggest co-operative societies which is wholly owned by Indian Co-operatives and has its production units in Kalol, Kandla, Phulpur, Aonla, and Paradeep. The company operates in multiple segments including fertiliser production to general insurance.
PT Pupuk Kalimantan Timur
PT Pupuk Kalimantan Timur (PKT), headquartered in Indonesia is one of the leading urea and NPK fertilizer producers in Asia and sells its products in domestic as well as foreign market. The company has an annual production capacity of 3.4 million tons of urea and 350 thousand tons of NPK.
Qatar Fertilizer Company
QAFCO is a global leader in fertiliser production and runs as a joint venture between the Government of Qatar and several foreign shareholders. QAFCO has a strong presence with 6 world-class plants, having an annual capacity of 3.8 MMT of ammonia and 5.6 MMT of urea.
Other notable players operating in the global urea market are National Fertilizers Limited, EuroChem Group AG, Saudi Arabian Fertilizer Company, CF Industries Holdings, Inc, and Nutrien Ltd, among others.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
Urea Market Analysis by Region
There is a significant amount of intra-regional trade within the Asia Pacific region. Indonesia, with its substantial natural gas reserves, is one of the major ammonia and urea exporters in the Asia Pacific. Moreover, the region has the presence of countries that are among the leading urea consumers, like Thailand, Australia, Vietnam, Philippines, and South Korea.
The Asia Pacific region is a major contributor to the global agriculture production, with countries such as India being the agriculture powerhouse and a leading producer of milk, pulses, and spices along with the world's largest area under wheat, rice, and cotton. This supports the urea market expansion, with urea being one of the most important nitrogenous fertilisers required during agricultural processes.
Meanwhile, within North America, beef consumption has increased in the USA, owing to its affordability compared to vegan alternatives. With people getting comfortable preparing beef barbeques and briskets, the need to boost meat production has increased. Feed-grade urea finds applications to help stem weight loss in cattle by improving their rumen function.
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:
|
| Breakup by Application |
|
| 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
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Urea Market Analysis
8.1 Key Industry Highlights
8.2 Global Urea Historical Market (2024-2032)
8.3 Global Urea Market Forecast (2024-2032)
8.4 Global Urea Market by Application
8.4.1 Fertiliser
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Urea Formaldehyde (UF) and Melamine Resins
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Melamine (Cyanurates)
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.4 Animal Feed
8.4.4.1 Historical Trend (2018-2023)
8.4.4.2 Forecast Trend (2024-2032)
8.4.5 Others
8.5 Global Urea Market by Region
8.5.1 North America
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Europe
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Asia Pacific
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Latin America
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.5.5 Middle East and Africa
8.5.5.1 Historical Trend (2018-2023)
8.5.5.2 Forecast Trend (2024-2032)
9 North America Urea Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Urea Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Urea Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Urea Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Urea Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Trade Data Analysis (HS Code – 310210)
16.1 Major Exporting Countries
16.1.1 By Value
16.1.2 By Volume
16.2 Major Importing Countries
16.2.1 By Value
16.2.2 By Volume
17 Price Analysis
18 Competitive Landscape
18.1 Market Structure
18.2 Company Profiles
18.2.1 Yara International ASA
18.2.1.1 Company Overview
18.2.1.2 Product Portfolio
18.2.1.3 Demographic Reach and Achievements
18.2.1.4 Certifications
18.2.2 Indian Farmers Fertiliser Cooperative Limited
18.2.2.1 Company Overview
18.2.2.2 Product Portfolio
18.2.2.3 Demographic Reach and Achievements
18.2.2.4 Certifications
18.2.3 PT Pupuk Kalimantan Timur
18.2.3.1 Company Overview
18.2.3.2 Product Portfolio
18.2.3.3 Demographic Reach and Achievements
18.2.3.4 Certifications
18.2.4 Qatar Fertiliser Company
18.2.4.1 Company Overview
18.2.4.2 Product Portfolio
18.2.4.3 Demographic Reach and Achievements
18.2.4.4 Certifications
18.2.5 National Fertilizers Limited
18.2.5.1 Company Overview
18.2.5.2 Product Portfolio
18.2.5.3 Demographic Reach and Achievements
18.2.5.4 Certifications
18.2.6 EuroChem Group AG
18.2.6.1 Company Overview
18.2.6.2 Product Portfolio
18.2.6.3 Demographic Reach and Achievements
18.2.6.4 Certifications
18.2.7 Saudi Arabian Fertilizer Company
18.2.7.1 Company Overview
18.2.7.2 Product Portfolio
18.2.7.3 Demographic Reach and Achievements
18.2.7.4 Certifications
18.2.8 CF Industries Holdings, Inc.
18.2.8.1 Company Overview
18.2.8.2 Product Portfolio
18.2.8.3 Demographic Reach and Achievements
18.2.8.4 Certifications
18.2.9 Nutrien Ltd.
18.2.9.1 Company Overview
18.2.9.2 Product Portfolio
18.2.9.3 Demographic Reach and Achievements
18.2.9.4 Certifications
18.2.10 Others
19 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Urea Market: Key Industry Highlights, 2018 and 2032
2. Global Urea Historical Market: Breakup by Application (MMT), 2018-2023
3. Global Urea Market Forecast: Breakup by Application (MMT), 2024-2032
4. Global Urea Historical Market: Breakup by Region (MMT), 2018-2023
5. Global Urea Market Forecast: Breakup by Region (MMT), 2024-2032
6. North America Urea Historical Market: Breakup by Country (MMT), 2018-2023
7. North America Urea Market Forecast: Breakup by Country (MMT), 2024-2032
8. Europe Global Historical Market: Breakup by Country (MMT), 2018-2023
9. Europe Global Market Forecast: Breakup by Country (MMT), 2024-2032
10. Asia Pacific Global Historical Market: Breakup by Country (MMT), 2018-2023
11. Asia Pacific Global Market Forecast: Breakup by Country (MMT), 2024-2032
12. Latin America Global Historical Market: Breakup by Country (MMT), 2018-2023
13. Latin America Global Market Forecast: Breakup by Country (MMT), 2024-2032
14. Middle East and Africa Urea Historical Market: Breakup by Country (MMT), 2018-2023
15. Middle East and Africa Urea Market Forecast: Breakup by Country (MMT), 2024-2032
16. Major Exporting Countries by Value
17. Major Importing Countries by Value
18. Major Exporting Countries by Volume
19. Major Importing Countries by Volume
20. Global Urea Market Structure
Key Questions Answered in the Report
The global urea market attained a volume of 177.21 MMT in 2023.
The market is projected to grow at a CAGR of 0.9% between 2024 and 2032.
The key applications include fertiliser, urea formaldehyde (UF) and melamine resins, melamine (cyanurates), animal feed, and others.
The key regional markets for urea are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The key exporters include China, South Korea, and Thailand.
The factors driving the market expansion include rising population, increasing requirement for fertilisers amidst the demand for food, and presence of favourable government initiatives.
The key trend includes research activities aimed at developing innovative processes and devices by using technologies like electrocatalysis for manufacturing environmentally friendly urea as one of the alternative solutions to industrial urea production, reducing energy usage.
The key players in the market include Yara International ASA, Indian Farmers Fertilisers Cooperative Limited, PT Pupuk Kalimantan Timur, Qatar Fertilizer Company, National Fertilizers Limited, EuroChem Group AG, Saudi Arabian Fertilizer Company, CF Industries Holdings, Inc, and Nutrien Ltd, among others.
Purchase Options 10% off
Call us
Purchase Full Report
Mini Report
$ 2199
$1999
-
Selected Sections, One User
-
Printing Not Allowed
-
Email Delivery in PDF
-
Free Limited Customisation -
Post Sales Analyst Support -
50% Discount on Next Update
Single User License
$ 3299
$2999
-
All Sections, One User
-
One Print Allowed
-
Email Delivery in PDF
-
Free Limited Customisation -
Post Sales Analyst Support -
50% Discount on Next Update
Five User License
$ 4399
$3999
-
All Sections, Five Users
-
Five Prints Allowed
-
Email Delivery in PDF
-
Free Limited Customisation
-
Post Sales Analyst Support
-
50% Discount on Next Update
Corporate License
$ 5499
$4999
-
All Sections, Unlimited Users
-
Unlimited Prints Allowed
-
Email Delivery in PDF + Excel
-
Free Limited Customisation
-
Post Sales Analyst Support
-
50% Discount on Next Update
Any Question? Speak With An Analyst
View A Sample
Did You Miss Anything, Ask Now
Why Expert Market Research?
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.
NEWSLETTER