Urea Market

Author : Aarti ghodke | Published On : 13 Aug 2021

Global Urea Market was valued at US$ XX Mn in 2019 and is estimated to reach US$ XX Mn by 2027 growing at a CAGR of XX % during the forecast.

 

The report includes an analysis of the impact of COVID-19 lockdown on the revenue of market leaders, followers, and disruptors. Since the lockdown was implemented differently in various regions and countries; the impact of the same is also seen differently by regions and segments. The report has covered the current short-term and long-term impact on the market, and it would help the decision-makers to prepare the outline and strategies for companies by region.

Global Urea Market

 

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Global Urea Market Dynamics

 

Urea finds its major application for fertilizers in the agriculture industry and automotive industries. Attractive returns in urea production have resulted in a surge in capacity expansion projects. However, health hazards regarding urea restrain the market growth. Urea is an important raw material for numerous applications chemical industry. Recent developments such as high input coal costs and tax reforms in poor economies of scale are sustaining the growth of the global urea market.

Segment Analysis of the Global Urea Market

 

The agriculture segment is leading the urea market. The agricultural industry uses urea, as an animal feed additive and fertilizer. Urea has surpassed and nearly replaced ammonium nitrate as a fertilizer. Demand for urea products is particularly increasing in the automotive market with the introduction of stringent nitrogen oxide regulations for diesel engines. Urea for Automotive is special urea for making the best quality diesel exhaust fluid. Automotive Grade Urea is unsuitable for bulk transports as contaminations would endanger the grade and the final quality of the finished solutions.

 

Fertilizer grade urea is a segment with a major share in the urea market. Urea is an inexpensive form of nitrogen fertilizer with an NPK, urea supplies immediate and powerful applications of nitrogen. Technical grade urea is estimated to gain grow due to its large usage as a raw material in numerous applications.

 

Technical grade urea is a component of animal feed, is a non-corroding alternative to rock salt. Urea is the raw material used as a flavor-enhancing additive for cigarettes, an ingredient in hair removers, browning agent, in skin cream, moisturizers, hair conditioners, cloud seeding agent, flame-proofing agent, tooth whitening products, dish soap, fermentation of sugars into ethanol, and additive for extending the working temperature.

Regional Insights of the Urea Market

 

Asia-Pacific region dominated the global urea market followed by North America. To meet the demand growing population, developments in the agriculture industries are taking place which results in the increase in consumption of nitrogen fertilizers, thereby driving the market. Also, consumption is increasing with the advancements in chemical, automobile, and medical industries. With the increasing demand from various end-user industries in the region, the market for urea is projected to grow during the forecast period.

 

The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data, and projections with a suitable set of assumptions and methodology. The report also helps in understanding urea market dynamics, structure by identifying and analyzing the market segments and project the market size.

 

Further, the report also focuses on a competitive analysis of key players by product, price, financial position, Grade portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER's analysis, SWOT analysis to address questions of shareholders to prioritizing the efforts and investment in the near future to the emerging segment in the urea market.

Global Urea Market, Key Highlights:

 

• Global Urea Market analysis and forecast, in terms of value.

 

• Comprehensive study and analysis of market drivers, restraints and opportunities influencing the growth of the Global Urea Market

 

• Global Urea Market segmentation on the basis of type, source, end-user, and region (country-wise) has been provided.

 

• Global Urea Market strategic analysis with respect to individual growth trends, future prospects along with the contribution of various sub-market stakeholders have been considered under the scope of study.

 

• Global Urea Market analysis and forecast for five major regions namely North America, Europe, Asia Pacific, the Middle East & Africa (MEA) and Latin America along with country-wise segmentation.

 

• Profiles of key industry players, their strategic perspective, market positioning and analysis of core competencies are further profiled.

 

• Competitive developments, investments, strategic expansion and competitive landscape of the key players operating in the Global Urea Market are also profiled.

 

The report has considered the base year of 2019 and past four years trend. 2020 figures are at actuals, however due to different dynamics of year 2020, market forecast is not only dependent upon 2020, but on the basis of 2016-2020.

Scope of the Global Urea Market: Inquire before buying

 

Global Urea Market, by End-user Industry:

 

• Agriculture

• Chemical

• Automobile

• Medical

• Others

Global Urea Market, by Grade:

 

• Fertilizer

• Feed

• Technical

Global Urea Market, by Region:

 

• North America

• South America

• Asia Pacific

• Europe

• Middle East & Africa

Global Urea Market Report Key Player

 

• Acron

• Agrium Inc.

• BASF SE

• BIP (Oldbury) Limited

• CF Industries Holdings, Inc.

• Chemiplastica Group

• China National Petroleum Corporation

• EuroChem

• Jiangsu Sanmu Group Corporation

• Koch Fertilizer, LLC

• OCI Nitrogen

• Petrobras

• PotashCorp

• Qatar Fertiliser Company

• Saudi Basic Industries Corporation (SABIC)

• Yara

 

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