Global Urea Market Analysis: Plant Capacity, Production, Operating Efficiency, Demand & Supply, End-User Industries, Sales Channel, Regional Demand, Foreign Trade, Company Share, 2015-2032
The global Urea market has grown significantly in the past years to reach approximately 180 million tonnes in 2022 and is expected to grow at a steady CAGR of 4.10% during the forecast period until 2032.
Urea, also known as carbamide, is a nitrogenous compound with the molecular formula CO(NH2)2. It contains a carbonyl group attached to two amine groups with osmotic diuretic activity. Urea is neither acidic nor alkaline and is colorless, odorless, non-toxic, and highly soluble in water. It is generally made from synthetic Ammonia and Carbon Dioxide (CO2). As a large amount of CO2 is produced during the Ammonia manufacturing process as a byproduct from hydrocarbons (natural gas or petroleum derivatives) or from coal, urea production plants are almost always located adjacent to the Ammonia manufacturing sites.
Urea finds its extensive usage in fertilizers as a source of nitrogen and is an important raw material for the chemical industry and several other products. The consistently increasing demand for fertilizers from the agriculture industry is driving the demand for Urea, which is further propelling its market around the globe. Apart from agriculture, Urea is utilized in an array of applications, including plastics, resins, adhesives, explosives, automobile systems, drugs, and other commercial products. The global Urea market is anticipated to reach 270 million tonnes by 2032.
Based on region-wise consumption, Asia Pacific dominates the Urea market, followed by North America. In 2022, Asia Pacific held a consumption of approximately 45% of the market in FY2022. Increasing consumption of Nitrogen fertilizers in countries including China and India is driving the demand for Urea across the Asia Pacific region. China is one of the leading producers of Urea-Formaldehyde resin in the world, which will most likely increase the urea demand in the region. The demand from automotive, chemical, medical, and other downstream industries is also rising at an exponential pace across the region.
Based on the end-use, the global Urea market is segregated into Fertilizers, Urea Formaldehyde Resin, NOX Control, Melamine, and Others. As of FY2022, Fertilizers industry is leading segment among these industries and consumed approximately 80% of the market. Both as a fertilizer and an ingredient in animal feed, urea is widely utilized in agriculture sector. The main purpose of urea fertilizers in agriculture is to supply nitrogen to plants, which encourages the growth of green and leafy plants. It is required for plants to engage in photosynthesis. Moreover, Urea Formaldehyde Resin is another impressive application of Urea.
Major players in the production of Global Urea are CF Industries, Inc, Algeria Oman Fertilizer Company, Acron Group, Abu Qir Fertilizers and Chemical Industries Co. (AFC), Asean Bintulu Fertilizer SDN BHD, Ammoni JSC, Alexandria Fertilizers Co. (AlexFert), Agrium Inc., BASF SE, Chittagong Urea Fertilizer Ltd. (CUFL), Jamuna Fertilizer Company Ltd (JFCL), Ashuganj Fertilizerand Chemical Company Ltd (AFCCL), and Others.
Years considered for this report:
ChemAnalyst calculated Urea demand in the globe by analyzing the historical data and demand forecast which was carried out considering the historical supply and demand of Urea across the globe. ChemAnalyst sourced these values from industry experts, and company representatives and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst.
Key Target Audience:
Report Scope:
In this report, Global Urea market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
With the given market data, ChemAnalyst offers customizations according to a company’s specific needs.
Urea, also known as carbamide, is a nitrogenous compound with the molecular formula CO(NH2)2. It contains a carbonyl group attached to two amine groups with osmotic diuretic activity. Urea is neither acidic nor alkaline and is colorless, odorless, non-toxic, and highly soluble in water. It is generally made from synthetic Ammonia and Carbon Dioxide (CO2). As a large amount of CO2 is produced during the Ammonia manufacturing process as a byproduct from hydrocarbons (natural gas or petroleum derivatives) or from coal, urea production plants are almost always located adjacent to the Ammonia manufacturing sites.
Urea finds its extensive usage in fertilizers as a source of nitrogen and is an important raw material for the chemical industry and several other products. The consistently increasing demand for fertilizers from the agriculture industry is driving the demand for Urea, which is further propelling its market around the globe. Apart from agriculture, Urea is utilized in an array of applications, including plastics, resins, adhesives, explosives, automobile systems, drugs, and other commercial products. The global Urea market is anticipated to reach 270 million tonnes by 2032.
Based on region-wise consumption, Asia Pacific dominates the Urea market, followed by North America. In 2022, Asia Pacific held a consumption of approximately 45% of the market in FY2022. Increasing consumption of Nitrogen fertilizers in countries including China and India is driving the demand for Urea across the Asia Pacific region. China is one of the leading producers of Urea-Formaldehyde resin in the world, which will most likely increase the urea demand in the region. The demand from automotive, chemical, medical, and other downstream industries is also rising at an exponential pace across the region.
Based on the end-use, the global Urea market is segregated into Fertilizers, Urea Formaldehyde Resin, NOX Control, Melamine, and Others. As of FY2022, Fertilizers industry is leading segment among these industries and consumed approximately 80% of the market. Both as a fertilizer and an ingredient in animal feed, urea is widely utilized in agriculture sector. The main purpose of urea fertilizers in agriculture is to supply nitrogen to plants, which encourages the growth of green and leafy plants. It is required for plants to engage in photosynthesis. Moreover, Urea Formaldehyde Resin is another impressive application of Urea.
Major players in the production of Global Urea are CF Industries, Inc, Algeria Oman Fertilizer Company, Acron Group, Abu Qir Fertilizers and Chemical Industries Co. (AFC), Asean Bintulu Fertilizer SDN BHD, Ammoni JSC, Alexandria Fertilizers Co. (AlexFert), Agrium Inc., BASF SE, Chittagong Urea Fertilizer Ltd. (CUFL), Jamuna Fertilizer Company Ltd (JFCL), Ashuganj Fertilizerand Chemical Company Ltd (AFCCL), and Others.
Years considered for this report:
- Historical Period: 2015- 2022
- Base Year: 2022
- Estimated Year: 2023
- Forecast Period: 2024-2032
- To assess the demand-supply scenario of Urea which covers production, demand and supply of Urea market in the globe.
- To analyse and forecast the market size of Urea
- To classify and forecast Global Urea market based on end-use and regional distribution.
- To examine competitive developments such as expansions, mergers & acquisitions, etc., of Urea market in the globe.
ChemAnalyst calculated Urea demand in the globe by analyzing the historical data and demand forecast which was carried out considering the historical supply and demand of Urea across the globe. ChemAnalyst sourced these values from industry experts, and company representatives and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst.
Key Target Audience:
- Urea manufacturers and other stakeholders
- Organizations, forums and alliances related to Urea distribution
- Government bodies such as regulating authorities and policy makers
- Market research organizations and consulting companies
Report Scope:
In this report, Global Urea market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
- Market, by End-use: Fertilizers, Urea Formaldehyde Resin, NOX Control, Melamine, and Others
- Market, by Sales Channel: Direct Sale and Indirect Sale
- Market, by Region: North America, Europe, Asia Pacific, Middle East and Africa, and South America.
With the given market data, ChemAnalyst offers customizations according to a company’s specific needs.
1. CAPACITY BY COMPANY
On our online platform, you can stay up to date with essential manufacturers and their current and future operation capacity on a practically real-time basis for Urea .
2. CAPACITY BY LOCATION
To better understand the regional supply of Urea by analyzing its manufacturers' location-based capacity.
3. PLANT OPERATING EFFICIENCY
To determine what percentage manufacturers are operating their plants or how much capacity is being currently used.
4. PRODUCTION BY COMPANY
Study the historical annual production of Urea by the leading players and forecast how it will grow in the coming years.
5. DEMAND BY END- USE
Discover which end-user industry (Fertilizers, Urea Formaldehyde Resin, NOX Control, Melamine, and Others) are creating a market and the forecast for the growth of the Urea market.
6. DEMAND BY REGION
Analyzing the change in demand of Urea in different regions, i.e., North America, Europe, Asia Pacific, Middle East and Africa, and South America, that can direct you in mapping the regional demand.
7. DEMAND BY SALES CHANNEL (DIRECT AND INDIRECT)
Multiple channels are used to sell Urea. Our sales channel will help in analyzing whether distributors and dealers or direct sales make up most of the industry's sales.
8. DEMAND-SUPPLY GAP
Determine the supply-demand gap to gain information about the trade surplus or deficiency of Urea.
9. COMPANY SHARE
Figure out what proportion of the market share of Urea is currently held by leading players across the globe.
10. COUNTRY-WISE EXPORT
Get details about quantity of Urea exported by major countries.
11. COUNTRY-WISE IMPORT
Get details about quantity of Urea imported by major countries.
12. PRICING ANALYSIS & FORECAST
Analyze historical prices since 2015 & Forecast on three months rolling period for next 12 months.
Years considered for this report:
Historical Period: 2015- 2022
Base Year: 2022
Estimated Year: 2023
Forecast Period: 2024-2032
On our online platform, you can stay up to date with essential manufacturers and their current and future operation capacity on a practically real-time basis for Urea .
2. CAPACITY BY LOCATION
To better understand the regional supply of Urea by analyzing its manufacturers' location-based capacity.
3. PLANT OPERATING EFFICIENCY
To determine what percentage manufacturers are operating their plants or how much capacity is being currently used.
4. PRODUCTION BY COMPANY
Study the historical annual production of Urea by the leading players and forecast how it will grow in the coming years.
5. DEMAND BY END- USE
Discover which end-user industry (Fertilizers, Urea Formaldehyde Resin, NOX Control, Melamine, and Others) are creating a market and the forecast for the growth of the Urea market.
6. DEMAND BY REGION
Analyzing the change in demand of Urea in different regions, i.e., North America, Europe, Asia Pacific, Middle East and Africa, and South America, that can direct you in mapping the regional demand.
7. DEMAND BY SALES CHANNEL (DIRECT AND INDIRECT)
Multiple channels are used to sell Urea. Our sales channel will help in analyzing whether distributors and dealers or direct sales make up most of the industry's sales.
8. DEMAND-SUPPLY GAP
Determine the supply-demand gap to gain information about the trade surplus or deficiency of Urea.
9. COMPANY SHARE
Figure out what proportion of the market share of Urea is currently held by leading players across the globe.
10. COUNTRY-WISE EXPORT
Get details about quantity of Urea exported by major countries.
11. COUNTRY-WISE IMPORT
Get details about quantity of Urea imported by major countries.
12. PRICING ANALYSIS & FORECAST
Analyze historical prices since 2015 & Forecast on three months rolling period for next 12 months.
Years considered for this report:
Historical Period: 2015- 2022
Base Year: 2022
Estimated Year: 2023
Forecast Period: 2024-2032
