Urea Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2031 - By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa)

Description

The global urea market is expected to reach $33.26 billion in 2024 and grow to $39.7 billion by 2031, with a steady CAGR of 2.60%. Urea, a key nitrogen-based fertilizer, plays a pivotal role in enhancing crop yields and supporting the global food supply needed by a growing population. Fairfield Market Research anticipates steady expansion in the global urea market, driven by its critical applications across various industries.

Agricultural Sector Driving Urea Market Growth

The agricultural sector remains the dominant force behind the global urea market's growth. Urea and its derivatives are extensively used as fertilizers in major agricultural regions such as North America, Brazil, and India. The growing need for nitrogen-rich fertilizers is boosting the demand for urea, making it an essential component in crop cultivation. Emerging economies in South Asia and Latin America are expected to see a surge in urea demand due to increased agricultural activities and the adoption of modern farming techniques.

Global Market Dynamics and Growth Outlook

The global urea market is projected to experience sustained growth, supported by factors such as population growth, urbanization, and government initiatives aimed at enhancing agricultural productivity. Despite challenges like geopolitical tensions and environmental concerns, the market is expected to maintain a robust growth rate throughout the forecast period. The Asia Pacific region, particularly China, India, and ASEAN countries, is poised to capture a significant share of the market, driven by the rising demand for agricultural products.

Environmental Regulations Impacting Urea Usage

Although urea is widely recognized for its efficacy as a fertilizer, its production and application present certain challenges. Ammonia losses during production and usage can have negative environmental and health impacts, prompting strict government regulations in some areas, such as the UK's ban on solid urea fertilizers. These regulations are likely to pose a challenge to market growth, especially in regions with stringent environmental policies.

Opportunities in the Automotive and Energy Sectors

The urea market's potential extends beyond agricultural applications, with significant opportunities in the automotive and energy sectors. Urea is used to reduce harmful emissions in diesel exhaust systems and power plants, making it a crucial component in meeting environmental regulations. The demand for industrial-grade urea is expected to rise as more industries adopt technologies designed to reduce nitrogen oxide (NOx) emissions.

Rising Importance in the Cosmetics Industry

The cosmetics industry is emerging as a new growth avenue for the urea market. Urea is increasingly being incorporated into skincare and haircare products, driven by rising disposable incomes and heightened awareness of skincare benefits. This trend is expected to contribute to the overall expansion of the urea market as cosmetics companies continue to integrate urea into their formulations.

Country-specific Market Insights

India, with its vast agricultural sector and strong government support, stands out as one of the most prominent markets for urea consumption. The country's growing population and subsequent demand for food have led to increased fertilizer usage, including urea. Government subsidies and initiatives aimed at boosting agricultural productivity are expected to further drive urea demand in India.

In Latin America, countries like Brazil and Argentina are key players in the global agricultural market. Brazil, a leading producer of soybeans, sugarcane, and coffee, relies heavily on fertilizers, including urea. The growing awareness of agrochemicals' benefits, including urea, is expected to support market growth in the region.

Segment-wise Market Insights

The agriculture sector is expected to dominate global urea consumption. Urea's high nitrogen content makes it indispensable in crop fertilization and livestock feed. The ongoing expansion of the agriculture industry, driven by the increasing global population, is anticipated to sustain urea demand in the years ahead.

Competitive Analysis and Recent Developments

The global urea market is characterized by the presence of major players focused on product innovation, strategic partnerships, and regional expansion. Companies are investing in research and development to create sustainable and efficient urea products that meet the evolving needs of various industries.

Recently, EuroChem Group announced a significant investment in constructing a new ammonia and urea plant in Russia, which is expected to enhance the company's production capacity and strengthen its market position. Additionally, the Indian Farmers Fertilizer Cooperative Ltd (IFFCO) commenced commercial production of nano urea liquid, underscoring its commitment to innovative agricultural solutions.

Urea Market Segmentation

By End-Use:

Agriculture
Industrial

By Region:

North America
Latin America
Europe
East Asia
South Asia & Pacific
Middle East & Africa

1. Executive Summary

1.1. Global Urea Market Snapshot
1.2. Future Projections
1.3. Key Market Trends
1.4. Regional Snapshot, by Value, 2023
1.5. Analyst Recommendations

2. Market Overview

2.1. Market Definitions and Segmentations
2.2. Market Dynamics
- 2.2.1. Drivers
- 2.2.2. Restraints
- 2.2.3. Market Opportunities
2.3. Value Chain Analysis
2.4. Porter's Five Forces Analysis
2.5. COVID-19 Impact Analysis
- 2.5.1. Supply
- 2.5.2. Demand
2.6. Impact of Ukraine-Russia Conflict
2.7. Economic Overview
- 2.7.1. World Economic Projections
2.8. PESTLE Analysis

3. Global Urea Market Outlook, 2019-2031

3.1. Global Urea Market Outlook, by Solution, Value (US$ Bn), 2019-2031
- 3.1.1. Key Highlights
  - 3.1.1.1. Triage Platforms/Applications
  - 3.1.1.2. Services
    - 3.1.1.2.1. Digital Triage Services
    - 3.1.1.2.2. Telephonic Triage Services
3.2. Global Urea Market Outlook, by End User, Value (US$ Bn), 2019-2031
- 3.2.1. Key Highlights
  - 3.2.1.1. Triage Systems for Primary Care Centers
  - 3.2.1.2. Triage Systems for Emergency /Urgent Care Centers
3.3. Global Urea Market Outlook, by Region, Value (US$ Bn), 2019-2031
- 3.3.1. Key Highlights
  - 3.3.1.1. North America
  - 3.3.1.2. Europe
  - 3.3.1.3. Asia Pacific
  - 3.3.1.4. Latin America
  - 3.3.1.5. Middle East & Africa

4. North America Urea Market Outlook, 2019-2031

4.1. North America Urea Market Outlook, by Solution, Value (US$ Bn), 2019-2031
- 4.1.1. Key Highlights
  - 4.1.1.1. Triage Platforms/Applications
  - 4.1.1.2. Services
    - 4.1.1.2.1. Digital Triage Services
    - 4.1.1.2.2. Telephonic Triage Services
4.2. North America Urea Market Outlook, by End User, Value (US$ Bn), 2019-2031
- 4.2.1. Key Highlights
  - 4.2.1.1. Triage Systems for Primary Care Centers
  - 4.2.1.2. Triage Systems for Emergency /Urgent Care Centers
- 4.2.2. BPS Analysis/Market Attractiveness Analysis
4.3. North America Urea Market Outlook, by Country, Value (US$ Bn), 2019-2031
- 4.3.1. Key Highlights
  - 4.3.1.1. U.S. Urea Market by Solution, Value (US$ Bn), 2019-2031
  - 4.3.1.2. U.S. Urea Market by End User, Value (US$ Bn), 2019-2031
  - 4.3.1.3. Canada Urea Market by Solution, Value (US$ Bn), 2019-2031
  - 4.3.1.4. Canada Urea Market by End User, Value (US$ Bn), 2019-2031
- 4.3.2. BPS Analysis/Market Attractiveness Analysis

5. Europe Urea Market Outlook, 2019-2031

5.1. Europe Urea Market Outlook, by Solution, Value (US$ Bn), 2019-2031
- 5.1.1. Key Highlights
  - 5.1.1.1. Triage Platforms/Applications
  - 5.1.1.2. Services
    - 5.1.1.2.1. Digital Triage Services
    - 5.1.1.2.2. Telephonic Triage Services
5.2. Europe Urea Market Outlook, by End User, Value (US$ Bn), 2019-2031
- 5.2.1. Key Highlights
  - 5.2.1.1. Triage Systems for Primary Care Centers
  - 5.2.1.2. Triage Systems for Emergency /Urgent Care Centers
- 5.2.2. BPS Analysis/Market Attractiveness Analysis
5.3. Europe Urea Market Outlook, by Country, Value (US$ Bn), 2019-2031
- 5.3.1. Key Highlights
  - 5.3.1.1. Germany Urea Market by Solution, Value (US$ Bn), 2019-2031
  - 5.3.1.2. Germany Urea Market by End User, Value (US$ Bn), 2019-2031
  - 5.3.1.3. U.K. Urea Market by Solution, Value (US$ Bn), 2019-2031
  - 5.3.1.4. U.K. Urea Market by End User, Value (US$ Bn), 2019-2031
  - 5.3.1.5. France Urea Market by Solution, Value (US$ Bn), 2019-2031
  - 5.3.1.6. France Urea Market by End User, Value (US$ Bn), 2019-2031
  - 5.3.1.7. Italy Urea Market by Solution, Value (US$ Bn), 2019-2031
  - 5.3.1.8. Italy Urea Market by End User, Value (US$ Bn), 2019-2031
  - 5.3.1.9. Turkey Urea Market by Solution, Value (US$ Bn), 2019-2031
  - 5.3.1.10. Turkey Urea Market by End User, Value (US$ Bn), 2019-2031
  - 5.3.1.11. Russia Urea Market by Solution, Value (US$ Bn), 2019-2031
  - 5.3.1.12. Russia Urea Market by End User, Value (US$ Bn), 2019-2031
  - 5.3.1.13. Rest of Europe Urea Market by Solution, Value (US$ Bn), 2019-2031
  - 5.3.1.14. Rest of Europe Urea Market by End User, Value (US$ Bn), 2019-2031
- 5.3.2. BPS Analysis/Market Attractiveness Analysis

6. Asia Pacific Urea Market Outlook, 2019-2031

6.1. Asia Pacific Urea Market Outlook, by Solution, Value (US$ Bn), 2019-2031
- 6.1.1. Key Highlights
  - 6.1.1.1. Triage Platforms/Applications
  - 6.1.1.2. Services
    - 6.1.1.2.1. Digital Triage Services
    - 6.1.1.2.2. Telephonic Triage Services
6.2. Asia Pacific Urea Market Outlook, by End User, Value (US$ Bn), 2019-2031
- 6.2.1. Key Highlights
  - 6.2.1.1. Triage Systems for Primary Care Centers
  - 6.2.1.2. Triage Systems for Emergency /Urgent Care Centers
- 6.2.2. Others BPS Analysis/Market Attractiveness Analysis
6.3. Asia Pacific Urea Market Outlook, by Country, Value (US$ Bn), 2019-2031
- 6.3.1. Key Highlights
  - 6.3.1.1. China Urea Market by Solution, Value (US$ Bn), 2019-2031
  - 6.3.1.2. China Urea Market by End User, Value (US$ Bn), 2019-2031
  - 6.3.1.3. Japan Urea Market by Solution, Value (US$ Bn), 2019-2031
  - 6.3.1.4. Japan Urea Market by End User, Value (US$ Bn), 2019-2031
  - 6.3.1.5. South Korea Urea Market by Solution, Value (US$ Bn), 2019-2031
  - 6.3.1.6. South Korea Urea Market by End User, Value (US$ Bn), 2019-2031
  - 6.3.1.7. India Urea Market by Solution, Value (US$ Bn), 2019-2031
  - 6.3.1.8. India Urea Market by End User, Value (US$ Bn), 2019-2031
  - 6.3.1.9. Southeast Asia Urea Market by Solution, Value (US$ Bn), 2019-2031
  - 6.3.1.10. Southeast Asia Urea Market by End User, Value (US$ Bn), 2019-2031
  - 6.3.1.11. Rest of Asia Pacific Urea Market by Solution, Value (US$ Bn), 2019-2031
  - 6.3.1.12. Rest of Asia Pacific Urea Market by End User, Value (US$ Bn), 2019-2031
- 6.3.2. BPS Analysis/Market Attractiveness Analysis

7. Latin America Urea Market Outlook, 2019-2031

7.1. Latin America Urea Market Outlook, by Solution, Value (US$ Bn), 2019-2031
- 7.1.1. Key Highlights
  - 7.1.1.1. Triage Platforms/Applications
  - 7.1.1.2. Services
    - 7.1.1.2.1. Digital Triage Services
    - 7.1.1.2.2. Telephonic Triage Services
7.2. Latin America Urea Market Outlook, by End User, Value (US$ Bn), 2019-2031
- 7.2.1. Key Highlights
  - 7.2.1.1. Triage Systems for Primary Care Centers
  - 7.2.1.2. Triage Systems for Emergency /Urgent Care Centers
- 7.2.2. BPS Analysis/Market Attractiveness Analysis
7.3. Latin America Urea Market Outlook, by Country, Value (US$ Bn), 2019-2031
- 7.3.1. Key Highlights
  - 7.3.1.1. Brazil Urea Market by Solution, Value (US$ Bn), 2019-2031
  - 7.3.1.2. Brazil Urea Market by End User, Value (US$ Bn), 2019-2031
  - 7.3.1.3. Mexico Urea Market by Solution, Value (US$ Bn), 2019-2031
  - 7.3.1.4. Mexico Urea Market by End User, Value (US$ Bn), 2019-2031
  - 7.3.1.5. Argentina Urea Market by Solution, Value (US$ Bn), 2019-2031
  - 7.3.1.6. Argentina Urea Market by End User, Value (US$ Bn), 2019-2031
  - 7.3.1.7. Rest of Latin America Urea Market by Solution, Value (US$ Bn), 2019-2031
  - 7.3.1.8. Rest of Latin America Urea Market by End User, Value (US$ Bn), 2019-2031
- 7.3.2. BPS Analysis/Market Attractiveness Analysis

8. Middle East & Africa Urea Market Outlook, 2019-2031

8.1. Middle East & Africa Urea Market Outlook, by Solution, Value (US$ Bn), 2019-2031
- 8.1.1. Key Highlights
  - 8.1.1.1. Triage Platforms/Applications
  - 8.1.1.2. Services
    - 8.1.1.2.1. Digital Triage Services
    - 8.1.1.2.2. Telephonic Triage Services
8.2. Middle East & Africa Urea Market Outlook, by End User, Value (US$ Bn), 2019-2031
- 8.2.1. Key Highlights
  - 8.2.1.1. Triage Systems for Primary Care Centers
  - 8.2.1.2. Triage Systems for Emergency /Urgent Care Centers
- 8.2.2. BPS Analysis/Market Attractiveness Analysis
8.3. Middle East & Africa Urea Market Outlook, by Country, Value (US$ Bn), 2019-2031
- 8.3.1. Key Highlights
  - 8.3.1.1. GCC Urea Market by Solution, Value (US$ Bn), 2019-2031
  - 8.3.1.2. GCC Urea Market by End User, Value (US$ Bn), 2019-2031
  - 8.3.1.3. South Africa Urea Market by Solution, Value (US$ Bn), 2019-2031
  - 8.3.1.4. South Africa Urea Market by End User, Value (US$ Bn), 2019-2031
  - 8.3.1.5. Egypt Urea Market by Solution, Value (US$ Bn), 2019-2031
  - 8.3.1.6. Egypt Urea Market by End User, Value (US$ Bn), 2019-2031
  - 8.3.1.7. Nigeria Urea Market by Solution, Value (US$ Bn), 2019-2031
  - 8.3.1.8. Nigeria Urea Market by End User, Value (US$ Bn), 2019-2031
  - 8.3.1.9. Rest of Middle East & Africa Urea Market by Solution, Value (US$ Bn), 2019-2031
  - 8.3.1.10. Rest of Middle East & Africa Urea Market by End User, Value (US$ Bn), 2019-2031
- 8.3.2. BPS Analysis/Market Attractiveness Analysis

9. Competitive Landscape

9.1. Solution vs by End User Heatmap
9.2. Company Market Share Analysis, 2023
9.3. Competitive Dashboard
9.4. Company Profiles
- 9.4.1. Vocera Communications
  - 9.4.1.1. Company Overview
  - 9.4.1.2. Product Portfolio
  - 9.4.1.3. Financial Overview
  - 9.4.1.4. Business Strategies and Development
- 9.4.2. HGS
  - 9.4.2.1. Company Overview
  - 9.4.2.2. Product Portfolio
  - 9.4.2.3. Financial Overview
  - 9.4.2.4. Business Strategies and Development
- 9.4.3. eConsult
  - 9.4.3.1. Company Overview
  - 9.4.3.2. Product Portfolio
  - 9.4.3.3. Financial Overview
  - 9.4.3.4. Business Strategies and Development
- 9.4.4. Nihon Kohden
  - 9.4.4.1. Company Overview
  - 9.4.4.2. Product Portfolio
  - 9.4.4.3. Financial Overview
  - 9.4.4.4. Business Strategies and Development
- 9.4.5. Infermedica
  - 9.4.5.1. Company Overview
  - 9.4.5.2. Product Portfolio
  - 9.4.5.3. Financial Overview
  - 9.4.5.4. Business Strategies and Development
- 9.4.6. EiT Health
  - 9.4.6.1. Company Overview
  - 9.4.6.2. Product Portfolio
  - 9.4.6.3. Financial Overview
  - 9.4.6.4. Business Strategies and Development
- 9.4.7. Allm Inc.
  - 9.4.7.1. Company Overview
  - 9.4.7.2. Product Portfolio
  - 9.4.7.3. Financial Overview
  - 9.4.7.4. Business Strategies and Development
- 9.4.8. TriageLogic
  - 9.4.8.1. Company Overview
  - 9.4.8.2. Product Portfolio
  - 9.4.8.3. Financial Overview
  - 9.4.8.4. Business Strategies and Development
- 9.4.9. Asymmetrik
  - 9.4.9.1. Company Overview
  - 9.4.9.2. Product Portfolio
  - 9.4.9.3. Financial Overview
  - 9.4.9.4. Business Strategies and Development
- 9.4.10. Conduent
  - 9.4.10.1. Company Overview
  - 9.4.10.2. Product Portfolio
  - 9.4.10.3. Financial Overview
  - 9.4.10.4. Business Strategies and Development

10. Appendix

10.1. Research Methodology
10.2. Report Assumptions
10.3. Acronyms and Abbreviations