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Global Urea Market: By Application: Fertiliser, Urea Formaldehyde (UF) & Melamine Resins, Melamine (Cyanurates), Animal Feed, Others; Regional Analysis; Historical Market and Forecast (2017-2027); Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis; Competitive Landscape; Industry Events and Developments
Global Urea Market Outlook
The global urea market reached a volume of 178.32 million metric tons. The market is expected to grow at a CAGR of 0.8% between 2022 and 2027 owing to the growing agriculture sector.
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Asia Pacific to be a Significant Regional Market for Urea
Asia Pacific is the largest shareholder in the global urea market. 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 and 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. 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.
Market Segmentations
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.
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The major applications of the market are:
- Fertiliser
- Urea Formaldehyde (UF) and Melamine Resins
- Melamine (Cyanurates)
- Animal Feed
- Others
The regional markets for the urea can be divided into North America, Europe, the Asia Pacific, Latin America, the Middle East and Africa.
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Growing Agriculture Sector Augmenting the Market Growth
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 fertiliser market and as nitrogen application is driving the urea market growth further. 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, and plastics, among others. 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. Urea 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 market.
Key Players in the Global Market for Urea
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
- Indian Farmers Fertiliser Cooperative Ltd.
- PT Pupuk Kaltim
- Qatar Fertiliser Company
- National Fertilizers Ltd
- Engro Corporation Limited
- Saudi Arabian Fertilizer Company
- CF Industries Holdings, Inc.
- Nutrien Ltd.
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on Porter's five forces model along with giving a SWOT analysis.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2021 |
| Historical Period | 2017-2021 |
| Forecast Period | 2022-2027 |
| 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, 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 strive to give you the latest information. The numbers in the article are only indicative and may be different from the actual 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 Industry Opportunities and Challenges
8 Global Urea Market Analysis
8.1 Key Industry Highlights
8.2 Global Urea Historical Market (2022-2027)
8.3 Global Urea Market Forecast (2022-2027)
8.4 Global Urea Market by Application
8.4.1 Fertiliser
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2017-2021)
8.4.1.3 Forecast Trend (2022-2027)
8.4.2 Urea Formaldehyde (UF) & Melamine Resins
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2017-2021)
8.4.2.3 Forecast Trend (2022-2027)
8.4.3 Melamine (Cyanurates)
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2017-2021)
8.4.3.3 Forecast Trend (2022-2027)
8.4.4 Animal Feed
8.4.4.1 Market Share
8.4.4.2 Historical Trend (2017-2021)
8.4.4.3 Forecast Trend (2022-2027)
8.4.5 Others
8.5 Global Urea Market by Region
8.5.1 Market Share
8.5.1.1 North America
8.5.1.2 Europe
8.5.1.3 Asia Pacific
8.5.1.4 Latin America
8.5.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2017-2021)
9.1.2 Forecast Trend (2022-2027)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2017-2021)
9.2.2 Forecast Trend (2022-2027)
9.2.3 Breakup by Country
9.2.3.1 EU 28
9.2.3.2 Russia
9.2.3.3 Ukraine
9.2.3.4 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2017-2021)
9.3.2 Forecast Trend (2022-2027)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 India
9.3.3.3 ASEAN
9.3.3.4 Australia
9.3.3.5 Others
9.4 Latin America
9.4.1 Historical Trend (2017-2021)
9.4.2 Forecast Trend (2022-2027)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Chile
9.4.3.5 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2017-2021)
9.5.2 Forecast Trend (2022-2027
9.5.3 Breakup by Country
9.5.3.1 Iran
9.5.3.2 Egypt
9.5.3.3 Turkey
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Trade Data Analysis (HS Code – 310210)
11.1 Major Importing Countries
11.1.1 By Value
11.1.2 By Volume
11.2 Major Exporting Countries
11.2.1 By Value
11.2.2 By Volume
12 Price Analysis
13 Value Chain Analysis
14 Competitive Landscape
14.1 Market Structure
14.2 Company Profiles
14.2.1 Yara International ASA
14.2.1.1 Company Overview
14.2.1.2 Product Portfolio
14.2.1.3 Demographic Reach and Achievements
14.2.1.4 Certifications
14.2.2 Indian Farmers Fertiliser Cooperative Ltd.
14.2.2.1 Company Overview
14.2.2.2 Product Portfolio
14.2.2.3 Demographic Reach and Achievements
14.2.2.4 Certifications
14.2.3 PT Pupuk Kaltim
14.2.3.1 Company Overview
14.2.3.2 Product Portfolio
14.2.3.3 Demographic Reach and Achievements
14.2.3.4 Certifications
14.2.4 Qatar Fertiliser Company
14.2.4.1 Company Overview
14.2.4.2 Product Portfolio
14.2.4.3 Demographic Reach and Achievements
14.2.4.4 Certifications
14.2.5 National Fertilizers Ltd
14.2.5.1 Company Overview
14.2.5.2 Product Portfolio
14.2.5.3 Demographic Reach and Achievements
14.2.5.4 Certifications
14.2.6 Engro Corporation Limited
14.2.6.1 Company Overview
14.2.6.2 Product Portfolio
14.2.6.3 Demographic Reach and Achievements
14.2.6.4 Certifications
14.2.7 Saudi Arabian Fertilizer Company
14.2.7.1 Company Overview
14.2.7.2 Product Portfolio
14.2.7.3 Demographic Reach and Achievements
14.2.7.4 Certifications
14.2.8 CF Industries Holdings, Inc.
14.2.8.1 Company Overview
14.2.8.2 Product Portfolio
14.2.8.3 Demographic Reach and Achievements
14.2.8.4 Certifications
14.2.9 Nutrien Ltd.
14.2.9.1 Company Overview
14.2.9.2 Product Portfolio
14.2.9.3 Demographic Reach and Achievements
14.2.9.4 Certifications
14.2.10 Others
15 Industry Events and Developments
List of Key Figures and Tables
1. Global Urea Market: Key Industry Highlights, 2016 and 2026
2. Global Urea Historical Market: Breakup by Application (USD Million), 2017-2021
3. Global Urea Market Forecast: Breakup by Application (USD Million), 2022-2027
4. Global Urea Historical Market: Breakup by Region (USD Million), 2017-2021
5. Global Urea Market Forecast: Breakup by Region (USD Million), 2022-2027
6. North America Urea Historical Market: Breakup by Country (USD Million), 2017-2021
7. North America Urea Market Forecast: Breakup by Country (USD Million), 2022-2027
8. Europe Global Historical Market: Breakup by Country (USD Million), 2017-2021
9. Europe Global Market Forecast: Breakup by Country (USD Million), 2022-2027
10. Asia Pacific Global Historical Market: Breakup by Country (USD Million), 2017-2021
11. Asia Pacific Global Market Forecast: Breakup by Country (USD Million), 2022-2027
12. Latin America Global Historical Market: Breakup by Country (USD Million), 2017-2021
13. Latin America Global Market Forecast: Breakup by Country (USD Million), 2022-2027
14. Middle East and Africa Urea Historical Market: Breakup by Country (USD Million), 2017-2021
15. Middle East and Africa Urea Market Forecast: Breakup by Country (USD Million), 2022-2027
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 178.32 million metric tons in 2021.
The market is projected to grow at a CAGR of 0.8% between 2022 and 2027.
The market is estimated to witness a healthy growth in the forecast period of 2022-2027 to reach 187.61 million metric tons by 2027.
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 market.
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 178.32 million metric tons in 2021, 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 2022-2027, growing at a CAGR of 0.8%. The market is projected to reach 187.61 million metric tons by 2027.
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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