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Global Urea Market: By Application: Fertilizer, Urea Formaldehyde (UF) & Melamine Resins, Melamine (Cyanurates), Animal Feed, Others; Regional Analysis; Historical Market and Forecast (2016-2026); Market Dynamics; SWOT Analysis; Porter’s Five Forces Analysis; Competitive Landscape; Industry Events and Developments

Global Urea Market Outlook

The global urea market demand reached a volume of nearly 187.8 million metric tons in 2020. The demand is expected to grow at a CAGR of 2% between 2021 and 2026.

 

Global Urea Market

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By 2026, 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.

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:

 

Global Urea Market By Application

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  • Fertilizer 
  • Urea Formaldehyde (UF) and Melamine Resins
  • Melamine (Cyanurates)
  • Animal Feed
  • Others

The EMR report also covers the regional urea markets like North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

 

Global Urea Market By Region

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Market Analysis

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.

 

Competitive Landscape

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:

  • 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)
  • Engro Corporation Limited 
  • Others

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.

 

REPORT FEATURES DETAILS
Base Year 2020
Historical Period 2016-2020
Forecast Period 2021-2026
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Application, Region
Breakup by Application Fertilizer, Urea Formaldehyde (UF) & Melamine Resins, Melamine (Cyanurates), Animal Feed, Others
Breakup by Region North America, Latin America, Europe, Middle East and Africa, Asia Pacific
Market Dynamics SWOT, Porter's Five Forces, EMR’s Key Indicators for Price and Demand
Trade Data Analysis Major Importing Countries by Value and Volume, Major Exporting Countries by Value and Volume
Price Analysis Historical and Forecast Price Trends-Regional
Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered 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), Engro Corporation Limited, Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

1    Preface
    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
    2.4    Assumptions
    2.5    Market Models
3    Introduction
    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 (2016-2020) & Forecast (2021-2026)
    6.2    Chart: Global Urea Market Breakup by Application
        6.2.1    Fertilizer
        6.2.2    Urea Formaldehyde (UF) & Melamine Resins
        6.2.3    Melamine (Cyanurates)
        6.2.4    Animal Feed
        6.2.5    Others
    6.3    Figure: Global Urea Market Breakup by Application: Historical Market (2016-2020) & Forecast (2021-2026)
        6.3.1    Fertilizer
        6.3.2    Urea Formaldehyde (UF) & Melamine Resins
        6.3.3    Melamine (Cyanurates)
        6.3.4    Animal Feed
        6.3.5    Others
    6.4    Chart: Global Urea Market Breakup by Region
        6.4.1    North America
            6.4.1.1    United States of America
            6.4.1.2    Canada
        6.4.2    Europe
            6.4.2.1    Germany
            6.4.2.2    France
            6.4.2.3    United Kingdom
            6.4.2.4    Italy
            6.4.2.5    Others
        6.4.3    Asia Pacific
            6.4.3.1    China
            6.4.3.2    Japan
            6.4.3.3    India
            6.4.3.4    ASEAN
            6.4.3.5    Others
        6.4.4    Latin America
            6.4.4.1    Brazil
            6.4.4.2    Argentina
            6.4.4.3    Mexico
            6.4.4.4    Others
        6.4.5    Middle East and Africa
            6.4.5.1    Saudi Arabia
            6.4.5.2    United Arab Emirates
            6.4.5.3    Nigeria
            6.4.5.4    South Africa
            6.4.5.5    Others
    6.5    Figure: Global Urea Market Breakup by Region: Historical Market (2016-2020) & Forecast (2021-2026)
        6.5.1    North America
            6.5.1.1    United States of America
            6.5.1.2    Canada
        6.5.2    Europe
            6.5.2.1    Germany
            6.5.2.2    France
            6.5.2.3    United Kingdom
            6.5.2.4    Italy
            6.5.2.5    Others
        6.5.3    Asia Pacific
            6.5.3.1    China
            6.5.3.2    Japan
            6.5.3.3    India
            6.5.3.4    ASEAN
            6.5.3.5    Others
        6.5.4    Latin America
            6.5.4.1    Brazil
            6.5.4.2    Argentina
            6.5.4.3    Mexico
            6.5.4.4    Others
        6.5.5    Middle East and Africa
            6.5.5.1    Saudi Arabia
            6.5.5.2    United Arab Emirates
            6.5.5.3    Nigeria
            6.5.5.4    South Africa
            6.5.5.5    Others
7    Global Urea Price Analysis
    7.1    North America Historical Price Trends (2016-2020) and Forecast (2021-2026)
    7.2    Europe Historical Price Trends (2016-2020) and Forecast (2021-2026)
    7.3    Asia Pacific Historical Price Trends (2016-2020) and Forecast (2021-2026)
    7.4    Latin America Historical Price Trends (2016-2020) and Forecast (2021-2026)
    7.5    Middle East and Africa Historical Price Trends (2016-2020) and Forecast (2021-2026)
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
    9.1    Overview
    9.2    Strengths
    9.3    Weaknesses
    9.4    Opportunities
    9.5    Threats
10    Porter’s Five Forces Analysis
    10.1    Overview
    10.2    Buyer’s Power
    10.3    Supplier’s Power
    10.4    New Entrants
    10.5    Degree of Rivalry
    10.6    Substitutes
11    Value Chain Analysis
12    EMR’s Key Indicators for Demand
13    EMR’s Key Indicators for Price

14    Cost Analysis
    14.1    Raw Material Cost
    14.2    Freight & Handling 
    14.3    Others Cost
15    Competitive Landscape & Supplier Analysis
    15.1    Yara International ASA
        15.1.1    Company Overview
        15.1.2    Financial Analysis
    15.2    Qatar Fertiliser Company (QAFCO)
        15.2.1    Company Overview
        15.2.2    Financial Analysis
    15.3    PT Pupuk Kaltim 
        15.3.1    Company Overview
        15.3.2    Financial Analysis
    15.4    Indian Farmers Fertiliser Cooperative Ltd. (IFFCO)
        15.4.1    Company Overview
        15.4.2    Financial Analysis
    15.5    CF Industries Holdings, Inc. 
        15.5.1    Company Overview
        15.5.2    Financial Analysis
    15.6    Nutrien Ltd.
        15.6.1    Company Overview
        15.6.2    Financial Analysis
    15.7    National Fertilizers Ltd (NFL) 
        15.7.1    Company Overview
        15.7.2    Financial Analysis
    15.8    Saudi Arabian Fertilizer Company (SAFCO)
        15.8.1    Company Overview
        15.8.2    Financial Analysis
    15.9    Engro Corporation Limited 
        15.9.1    Company Overview
        15.9.2    Financial Analysis
    15.10    Others
16    Industry Events and Developments

Additional Customisations Available:

17    Manufacturing Process
    17.1    Detailed Process Flow
    17.2    Operations Involved
    17.3    Mass Balance

Key Questions Answered in the Report

In 2020, the global urea market attained a volume of nearly 187.8 million metric tons.

The market is projected to grow at a CAGR of 2% between 2021 and 2026.

The market is estimated to witness a healthy growth in the forecast period of 2021-2026 to reach 211.5 million metric tons by 2026.

The major drivers of the industry include expanding agriculture sector, increased demand for fertilisers, rising population, rising disposable incomes, availability of feedstock for urea production and low prices.

The increased demand for the product in the agricultural sector to produce fertilisers is expected to be a key trend guiding the growth of the industry.

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

Urea finds applications as fertiliser, urea formaldehyde (UF) and melamine resins, melamine (cyanurates), and animal feed, among others.

The leading players in this 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, amongst others.

Analyst Review

The global urea market attained a volume of 187.8 million metric tons in 2020, driven by the expanding agriculture sector, increased demand for fertilisers, rising population, rising disposable incomes, availability of feedstock for urea production and low prices. Aided by the increased demand for the product in the agricultural sector to produce fertilisers, the market is expected to witness a further growth in the forecast period of 2021-2026, growing at a CAGR of 2%. The market is projected to reach 211.5 million metric tons by 2026.

EMR’s meticulous research methodology delves deep into the industry, covering the macro and micro aspects of the industry. By application, the industry can be divided into fertiliser, urea formaldehyde (UF) and melamine resins, melamine (cyanurates), and animal feed, among others. The major regional markets for urea are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. 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, amongst others.

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 market insights that are accurate, actionable, and help them remain ahead of their competition.

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