Description of the Report
In 2026, the global demand is predicted to rise to 211.5 million tonnes. The most prominent application segment is the fertilizer sector which accounts for more than 80 percent of the international use of Urea.
The Asia Pacific is the primary supply market, accounting for more than 60 percent of the world market share for Urea. The demand for Urea in the region is anticipated to be at 2.2 percent over the next forecast. The robust growth rate in this region is due to increasing demands by India and Thailand for traditional fertilizers. In the Asia Pacific region, China is the most prolific producer and the largest consumer of Urea. India is second to China as the second-largest market. China has also been the biggest net exporter of Urea, with its exports mainly to India and North America. While most exporters come from countries with abundant gas, China is a significant exporter due to its ample coal resources, which serve as the primary feedstock for the product.
Contrary to China, a self-sufficient Urea market, India has to import the substance to meet regional demand. India is one of the largest importers of Urea in the world and accounts for more than 15% of all imports. In addition, China, Indonesia, and Pakistan export the product to satisfy the demands of the local market in the region. Other important importers within the area are South Korea and Thailand.
North America, another significant market for Urea, is set to increase its capacity, which could decrease the region’s dependence on imports. There are numerous projects in the pipeline to increase capacity and, in turn, the region’s supply. Demand for this product within North America is higher than the growth rate in the global market. The increase in demand could be due to the growing economic activity in the region.
Properties and Applications
Urea often referred to as carbamide, is a diamide of carbonic acid using the formula H2NCONH2. It is used as a feed supplementation and fertilizer. It can also be used as a raw material to make medications and plastics. It is a transparent crystallized material that melts at temperatures of 132.7 C (271 F) and then degrades before it reaches a point of boiling. It can be used across the following areas:
- Urea Formaldehyde (UF) and Melamine Resins
- Melamine (Cyanurates)
- Animal Feeding
This MWR report also covers regional markets for Urea such as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
The expanding agricultural sector is driving the worldwide urea market’s growth. Urea, along with its derivatives, is extensively utilized in fertilizers for most needs, including in North America, Brazil, and India. The rising demand for nitrogen fertilizers has pushed the increasing demand for the product on the market. So, the growing fertilizer market and nitrogen use increase the need for Urea further.
China is a significant source of coal. It is a crucial fuel for Urea production, and Chinese coal prices support the expansion of urea production within the region. The countries in the developing world, including those South Asian and Latin American countries, will likely see an increase in consumption of the substance as opposed to other regions because of the rising demand for products in those regions. Urea is also an important feedstock in manufacturing adhesives, plastics, resins, etc. This is why growing markets for these products are a significant contributor to the expansion of the need for Urea. It is also extensively used in cars because of the new rules regarding nitrogen oxide’s use within diesel engines and is driving the market for Urea even further. It is also utilized extensively to make urea-formaldehyde resins, melanine, diesel exhaust fluids, and livestock feed. The increasing demand for these products is assisting the expansion of the market.
Urea Market Report Scope and Segmentation
|UNIT||Value (USD Million/Billion)|
|BY REGION||North America, Europe, Asia Pacific, Latin America, Middle East and Africa|
The Competitive Landscape
The report offers a comprehensive analysis of the key participants in the world market for Urea, including their capacities, competitive landscapes, and the latest developments, such as mergers, acquisitions, expansions of capacity, investments, and plant turnarounds
- Yara International ASA
- Qatar Fertiliser Company (QAFCO)
- PT Pupuk Kaltim
- Koch Industries
- Indian Farmers Fertiliser Cooperative Ltd. (IFFCO)
- CF Industries Holdings, Inc.
- Nutrien Ltd.
- National Fertilizers Ltd (NFL)
- Saudi Arabian Fertilizer Company (SAFCO)
- Engro Corporation Limited
Breakup by Grade:
- Fertilizers Grade
- Feed Grade
- Technical Grade
Breakup by Application:
- Nitrogenous Fertilizer
- Stabilizing Agent
Breakup by End-Use Industry:
The comprehensive MWR report provides an in-depth assessment of the industry based on Porters five forces model, along with giving a SWOT analysis. The report also provides the price analysis and trade data for the market.
|The scope of the Report||Trends in the past and forecasted trends, Industry Drivers and Limitations Forecast and Historical Market Analysis by Segment Application and Region|
|Breakup through Application||Fertilizer, Urea Formaldehyde (UF) & Melamine Resins, Melamine (Cyanurates), Animal Feed, Others|
|Breakup of Regions by Region||North America, Latin America, Europe, Middle East and Africa, Asia Pacific|
|Market Dynamics||SWOT Porter’s Five Forces, MWRs Key Indicators of Demand and Price|
|Trade Data Analysis||Large Importing countries by Volume and Value Major Exporting Countries based on Volume and Value|
|Price Analysis||Prices Trends in the Past and Future – Regional|
|The Competitive Landscape||Market Structure, Company Profiles – Company Overview Products portfolio, demographic reach, and Awards, Certificates and Achievements|
|The Report Price as well as the Purchase Option||Find out about our purchasing options which are the best fit for your needs and your industry.|
|Delivery Format||It is delivered as an attachment PDF as well as Excel via email, with the possibility of receiving an editable PPT depending on the option to purchase.|
- North America
- The Netherlands
- Czech Republic
- Rest of Europe
- Asia Pacific
- South Korea
- Australia & New Zealand
- Rest of Asia Pacific
- South America
- Rest of South America
- The Middle East & Africa
- Saudi Arabia
- South Africa
- Northern Africa
- Rest of MEA