Registering a CAGR of 2.1% over the forecast period, the market value of Urea Fertilizers is expected to reach US$ 65290 million in the year 2027.
Urea Fertilizers Market Overview
Urea is a crystalline white organic chemical molecule with the highest nitrogen content (about 46 percent). Nitrogen promotes the growth of green, leafy plants and makes them lush. Farmers commonly employ urea to enhance a healthy crop output in less time. It is cost-effective and has remarkable flexibility, making it suited for many types of soils. Additionally, urea aids in photosynthesis and is an important animal feed component. In the next years, these elements will bolster the urea market's expansion.
One of the primary reasons driving market expansion is significant growth in the agriculture business around the world. In comparison to the commonly used ammonium nitrate, urea is less expensive and produces a larger crop yield in less time. As a result, urea is now widely used as a fertilizer and an animal feed additive. In addition, the growing use of urea in the automobile industry is fueling market expansion. In this industry, urea is widely used to reduce nitrogen oxide emissions from diesel vehicles. To eliminate nitrogen oxide from diesel exhaust, automotive urea, also known as diesel exhaust fluid (DEF), is pumped into the exhaust systems and tanks of trucks, buses, cars, and sport utility vehicles (SUVs).
Another key growth-inducing aspect is the availability of high-quality technical grade urea, which is widely used in the production of medical medicines, dyes, disinfectants, cosmetics, and yeast. Other reasons, such as advances in melting and granulation technologies to improve urea's energy and cost-effectiveness, as well as the expanding demand for urea in the chemical industry, are expected to fuel the market even more.
Who are the Major Players in the Urea Fertilizers Market?
Top Key players in the Urea Fertilizers Market have been identified through secondary research, and their market shares have been determined through primary and secondary research. The global Urea Fertilizers Market is fragmented with a large number of small players operating worldwide. The companies referred in the market research report includes QAFCO, EuroChem, Yangmei Chemical, CF Industries, Koch Fertilizer, SABIC, Rui Xing Group, Nutrien, Yara, Shanxi tianze coal-chemical, Sichuan Lutianhua, Luxi Chemical Group, China XLX Fertiliser, Sinofert Holdings Limited., CVR Partners, LP, Dongguang Chemical, Shandong Lianmeng Chemical, Coromandel International Ltd., Hubei Yihua Chemical Industry, Hualu-hengsheng, Bunge Limited, OSTCHEM (Group DF), OCI Nitrogen, etc.
Industry News and Updates:
EuroChem signs multi-year fertilizer supply agreement in U.S.
September 20, 2019 – EuroChem Group AG, a leading global fertilizer company, announces a multi-year agreement with Houston-based American Plant Food (APF) for the supply of fertilizers to its blending business.
EuroChem will supply mixed shipments of N, P and K fertilizers, including urea, phosphate, and potash, to APF for handling, marketing, sales and distribution. Under the terms of the agreement, EuroChem and APF jointly will have access to the Greensport Houston deep sea port, exclusively controlled by APF subsidiary American Terminal & Export Company (ATEC), and each company will use it as the main rail hub for deliveries all over the U.S.
What are the major Applications, Types, and Regions for the Urea Fertilizers Market?
The market is segmented based on the type, applications, companies, and regions.
By Type, it is segmented into
- Gas-based Urea Fertilizers
- Coal-based Urea Fertilizers
- Other
By Application, it is segmented into
Global Urea Fertilizers Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market's growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and also about each type from 2015 to 2026.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert's opinions have been taken to understand the market better.
Global Urea Fertilizers Market research provides a detailed Analytical Insights of global market size, regional and country-level scope, segmentation wise growth, global share, Competition Scenario, sales analysis, impact of global market players on domestic players, value chain optimization, trade regulations, Latest developments, future opportunities, product launches, expanding marketplaces, and New technological innovations.
Urea Fertilizers Market Regional Analysis
Asia-Pacific is one of the world's largest consumers of urea fertilizer. Fertilizers are very useful in countries like India, China, and Australia because their economies are heavily reliant on agriculture. India is one of the region's largest producers and consumers of agricultural goods. The food and beverage sector in the region is seeing an increase in demand for plant-based products, cereals, fruits, and other items. Farmers in the country are quickly employing urea fertilizers for massive crop development, and the Indian government is assisting them by raising product knowledge and providing subsidies on fertilizer purchases. Fertilizers are also being used in agricultural cultivation in China.
- North America
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- Rest of the World
- Middle East & Africa
- Latin America
The Urea Fertilizers Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type, and segment. It focuses extensively on revealing a detailed regional analysis. The Global Urea Fertilizers Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.
What is our Urea Fertilizers Market report scope?
Scope of the Report covers the Urea Fertilizers Market with a detailed analysis of the overall scenario for the market. It also highlights the business participants’ environment in the global marketplace. This report also provides an overview of leading companies covering the latest successful marketing strategies, market contributions, current and historical background, and latest market happenings to help key organizations to grow and generate larger profits. Business players will greatly benefit from this Urea Fertilizers Market analysis report as it has vital details to provide about regional markets and expected opportunities for the prediction time period 2022-2027. Growth between segments is used to understand the different growth factors that are expected to dominate the market as a whole and to develop strategies to differentiate between key applications and target markets. It further reveals how the worldwide market is working through efficient information graphics.
Report Attributes
|
Report Details
|
Report Title
|
Urea Fertilizers Market - Global Growth, Trends and Forecast (2022 - 2027) By Types, By Application, By Regions, and By Key Players: includes QAFCO, EuroChem, Yangmei Chemical, CF Industries, Koch Fertilizer
|
Forecast Period 2022 to 2027 CAGR
|
CAGR of 2.1% over the forecast period (2022-2027)
|
By Type
|
- Gas-based Urea Fertilizers
- Coal-based Urea Fertilizers
- Other
|
By Application
|
|
By Companies
|
QAFCO, EuroChem, Yangmei Chemical, CF Industries, Koch Fertilizer, SABIC, Rui Xing Group, Nutrien, Yara, Shanxi tianze coal-chemical, Sichuan Lutianhua, Luxi Chemical Group, China XLX Fertiliser, Sinofert Holdings Limited., CVR Partners, LP, Dongguang Chemical, Shandong Lianmeng Chemical, Coromandel International Ltd., Hubei Yihua Chemical Industry, Hualu-hengsheng, Bunge Limited, OSTCHEM (Group DF), OCI Nitrogen
|
Regions Covered
|
- North America
- Europe
- Asia-Pacific
- Rest of the World
|
Countries Covered
|
- US
- Canada
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- Middle East & Africa
- Latin America
|
Base Year
|
2022
|
Historical Year
|
2017 to 2021
|
Forecast Year
|
2022 to 2027
|
Number of Pages
|
134
|
Customization Available
|
Yes, the report can be customized as per your needs
|
Key Takeaways from this Urea Fertilizers Report
- Evaluate Urea Fertilizers market potential through analyzing growth rates (CAGR %), Volume (Units), and Value ($M) data given at the country level - for product types, end-use applications, and different industries verticals.
- Understand the different dynamics influencing the market - growth driving factors, specific challenges, and hidden opportunities.
- Get in-depth insights on your competitor’s performance – revenue, shares, business strategies, financial benchmarking, product benchmarking, SWOT analysis, and more.
- Analyze the sales and distribution channels across geographies to enhance top-line revenues.
- Understand the demanding supply chain with a deep dive on the value augmentation at each, in order to optimize value and bring efficiencies to your processes.
- Get a quick outlook on the Urea Fertilizers market entropy – M&As, deals, partnerships, and product launches of all key players for the past 5 years.
- Evaluate the import-export statistics, supply-demand, and competitive landscape for more than the top 20 countries globally for the market.
Frequently Asked Questions
What is the study period of this market?
The Urea Fertilizers Market is studied from 2017 - 2027.
What is the growth rate of the Urea Fertilizers Market?
The Urea Fertilizers Market is growing at a CAGR of 2.1% over the next 5 years.
Who are the key players in Urea Fertilizers Market?
QAFCO, EuroChem, Yangmei Chemical, CF Industries, Koch Fertilizer, SABIC, Rui Xing Group, Nutrien, Yara, Shanxi tianze coal-chemical, Sichuan Lutianhua, Luxi Chemical Group, China XLX Fertiliser, Sinofert Holdings Limited., CVR Partners, LP, Dongguang Chemical, Shandong Lianmeng Chemical, Coromandel International Ltd., Hubei Yihua Chemical Industry, Hualu-hengsheng, Bunge Limited, OSTCHEM (Group DF), OCI Nitrogen
What regions does this Urea Fertilizers Market report cover?
North America (the United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
What are the significant types of Urea Fertilizers Market?
Gas-based Urea Fertilizers, Coal-based Urea Fertilizers, Other
What are the major end-use applications of the Urea Fertilizers Market?
Agricultural, Industrial
All our reports are custom made to your company’s needs to a certain extent, we do provide 5 free consulting hours along with the purchase of each report, and this will allow you to request any additional data to customize the report to your needs.
