The Highest Urea Demand Growth will be Demonstrated by Africa (4.8%), Western Asia (4.4%) And South Asia (4%)19 May 2010 • by Natalie Aster
The present economic situation influences world fertilizer market. The changes may occur in agricultural product consumption what will change fertilizers demand as well. But Nitrogen fertilizers should not be as greatly affected.
The highest growth in the demand for urea will be demonstrated by such regions as Africa (4.8%), Western Asia (4.4%), South Asia (4%), Latin America (3.7%).
The demand for urea in East Asia and South-east Asia will grow by 3.2% a year (these regions will account for 38% of global demand).
Nearly 40 new plants planned to come on-stream from 2009 and 2011. Including projects deemed highly probable, around 21m tonnes/year of new capacity could be added between 2009 and 2011. Revamping and debottlenecking programmes will add another 5m tonnes/year of capacity, lifting the total world urea capacity to 192m tonnes/year in 2011.
More detailed overview of Urea market, its tendencies and perspectives can be found in the report ‘Urea: 2009 World Market Outlook and Forecast’ recently released by Merchant Research and Consulting.
THE RESEARCH PROVIDES:
- Urea World outlook (Capacity, Production, Consumption, Prices, Global trade, Projects)
- Urea Regional analysis (by country)
- Urea Market perspective (Capacity, Production, Consumption, Prices, till 2015)
- Urea Suppliers (incl. contact details) and leading producers’ profiles.
The report was worked out regarding the current economic situation caused by financial crisis. Market trends and expectations were reconsidered with respect to the present conditions.
The report ‘Urea: 2009 World Market Outlook and Forecast' is a part of Fertilisers Reports Package recently completed by Merchant Research and Consulting. Besides research of Ammonia market, the Package provides analysys of Urea, Ammonium nitrate, Ammonium sulphate, and other fertilizers world markets.
Merchant Research & Consulting, Ltd. is one of internationally recognized market research agencies specializing in the chemical industry. The company offers a wide range of comprehensive ready-made reports as well as conducts custom-tailored research projects on specific markets and products.
Merchant Research & Consulting Ltd.
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Source: Merchant Research & Consulting Ltd.