PUBLISHER: IMARC | PRODUCT CODE: 1521119
PUBLISHER: IMARC | PRODUCT CODE: 1521119
Urea Market Report by Grade, Application, End-Use Industry, and Region 2024-2032
The global urea market size reached US$ 51.9 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 59.9 Billion by 2032, exhibiting a growth rate (CAGR) of 1.6% during 2024-2032. The increasing demand for food and crops, rising sales of vehicles, and the growing usage in the production of medical drugs represent some of the key factors driving the market.
Urea (CH4N2O), also known as carbamide, is a colorless, odorless, and crystalline substance soluble in water and ethanol. It is a stable compound composed of carbon, nitrogen, oxygen, and hydrogen. It is generally synthesized by combining ammonia with carbon dioxide (CO2) under high pressure to obtain solid odorless white pellets or crystals. It is a dry granular substance that is easy to handle and transport. It can be applied to the soil using various equipment, such as spreaders and sprayers. It does not break down easily and is stored for a long period without losing its effectiveness as a fertilizer.
Global Urea Market Trends:
The growing global population and consequently surging need for food represent one of the major factors driving the demand for CH4N2O to improve soil fertility and crop production around the world. Moreover, declining arable land, rising food security concerns, and the growing awareness about the harmful effects of chemical-based fertilizers are catalyzing the need for eco-friendly solutions, including CH4N2O to improve crop yield. This, coupled with the shifting consumer preferences for organic food products and significant growth in the agricultural sector, is favoring the growth of the market. Besides this, the rising need for efficient cattle feed supplements is strengthening the growth of the market. In addition, CH4N2O is employed in the automotive industry to reduce nitrogen oxide emissions from diesel engines and meet emission regulations. It is also used in the exhaust systems and tanks of diesel-powered vehicles to remove nitrogen oxide from the exhaust. This, along with the increasing sales of vehicles on account of rapid urbanization and inflating income levels, is propelling the growth of the market. Furthermore, the rising use of CH4N2O in various medical treatments like hemodialysis to remove excess fluids and waste products from the blood of patients with kidney failure is contributing to the market growth. Apart from this, the growing utilization of CH4N2O in the manufacturing of medical drugs and ointments to treat skin conditions like psoriasis, eczema, and calluses is influencing the market positively. Additionally, the increasing usage of CH4N2O in the production of other chemicals, such as adhesives, resins, melamine, and explosives, is creating a positive outlook for the market.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global urea market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on grade, application and end-use industry.
Grade Insights:
Fertilizers Grade
Feed Grade
Technical Grade
The report has provided a detailed breakup and analysis of the urea market based on the grade. This includes fertilizers grade, feed grade, and technical grade. According to the report, technical grade represented the largest segment.
Application Insights:
Nitrogenous Fertilizer
Stabilizing Agent
Keratolyte
Resin
Others
A detailed breakup and analysis of the urea market based on the application has also been provided in the report. This includes nitrogenous fertilizer, stabilizing agent, keratolyte, resin and others. According to the report, nitrogenous fertilizer accounted for the largest market share.
End-Use Industry Insights:
Agriculture
Chemical
Automotive
Medical
Others
The report has provided a detailed breakup and analysis of the urea market based on the end-use industry. This includes agriculture, chemical, automotive, medical and others. According to the report, agriculture represented the largest segment.
Regional Insights:
North America
United States
Canada
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others) was the largest market for urea. Some of the factors driving the Asia Pacific urea market included rising food security concerns, government initiatives, development in the agriculture sector, etc.
Competitive Landscape:
The report has also provided a comprehensive analysis of the competitive landscape in the global urea market. Competitive analysis such as market structure, market share by key players, player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided. Some of the companies covered include Acron Group, BASF SE, BIP (Oldbury) Limited, EuroChem, Jiangsu Sanmu Group Co. Ltd., Koch Fertilizer LLC, OCI N.V, Petrobras, Qatar Fertiliser Company, SABIC, Yara International ASA, etc. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.
Key Questions Answered in This Report
- 1. What was the size of the global urea market in 2023?
- 2. What is the expected growth rate of the global urea market during 2024-2032?
- 3. What are the key factors driving the global urea market?
- 4. What has been the impact of COVID-19 on the global urea market?
- 5. What is the breakup of the global urea market based on the grade?
- 6. What is the breakup of the global urea market based on the application?
- 7. What is the breakup of the global urea market based on the end-use industry?
- 8. What are the key regions in the global urea market?
- 9. Who are the key players/companies in the global urea market?
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Urea Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Grade
- 6.1 Fertilizers Grade
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Feed Grade
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 Technical Grade
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
7 Market Breakup by Application
- 7.1 Nitrogenous Fertilizer
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Stabilizing Agent
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 Keratolyte
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
- 7.4 Resin
- 7.4.1 Market Trends
- 7.4.2 Market Forecast
- 7.5 Others
- 7.5.1 Market Trends
- 7.5.2 Market Forecast
8 Market Breakup by End-Use Industry
- 8.1 Agriculture
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Chemical
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 8.3 Automotive
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
- 8.4 Medical
- 8.4.1 Market Trends
- 8.4.2 Market Forecast
- 8.5 Others
- 8.5.1 Market Trends
- 8.5.2 Market Forecast
9 Market Breakup by Region
- 9.1 North America
- 9.1.1 United States
- 9.1.1.1 Market Trends
- 9.1.1.2 Market Forecast
- 9.1.2 Canada
- 9.1.2.1 Market Trends
- 9.1.2.2 Market Forecast
- 9.1.1 United States
- 9.2 Asia Pacific
- 9.2.1 China
- 9.2.1.1 Market Trends
- 9.2.1.2 Market Forecast
- 9.2.2 Japan
- 9.2.2.1 Market Trends
- 9.2.2.2 Market Forecast
- 9.2.3 India
- 9.2.3.1 Market Trends
- 9.2.3.2 Market Forecast
- 9.2.4 South Korea
- 9.2.4.1 Market Trends
- 9.2.4.2 Market Forecast
- 9.2.5 Australia
- 9.2.5.1 Market Trends
- 9.2.5.2 Market Forecast
- 9.2.6 Indonesia
- 9.2.6.1 Market Trends
- 9.2.6.2 Market Forecast
- 9.2.7 Others
- 9.2.7.1 Market Trends
- 9.2.7.2 Market Forecast
- 9.2.1 China
- 9.3 Europe
- 9.3.1 Germany
- 9.3.1.1 Market Trends
- 9.3.1.2 Market Forecast
- 9.3.2 France
- 9.3.2.1 Market Trends
- 9.3.2.2 Market Forecast
- 9.3.3 United Kingdom
- 9.3.3.1 Market Trends
- 9.3.3.2 Market Forecast
- 9.3.4 Italy
- 9.3.4.1 Market Trends
- 9.3.4.2 Market Forecast
- 9.3.5 Spain
- 9.3.5.1 Market Trends
- 9.3.5.2 Market Forecast
- 9.3.6 Russia
- 9.3.6.1 Market Trends
- 9.3.6.2 Market Forecast
- 9.3.7 Others
- 9.3.7.1 Market Trends
- 9.3.7.2 Market Forecast
- 9.3.1 Germany
- 9.4 Latin America
- 9.4.1 Brazil
- 9.4.1.1 Market Trends
- 9.4.1.2 Market Forecast
- 9.4.2 Mexico
- 9.4.2.1 Market Trends
- 9.4.2.2 Market Forecast
- 9.4.3 Others
- 9.4.3.1 Market Trends
- 9.4.3.2 Market Forecast
- 9.4.1 Brazil
- 9.5 Middle East and Africa
- 9.5.1 Market Trends
- 9.5.2 Market Breakup by Country
- 9.5.3 Market Forecast
10 SWOT Analysis
- 10.1 Overview
- 10.2 Strengths
- 10.3 Weaknesses
- 10.4 Opportunities
- 10.5 Threats
11 Value Chain Analysis
- 11.1 Overview
- 11.2 Inbound Logistics
- 11.3 Operations
- 11.4 Outbound Logistics
- 11.5 Marketing and Sales
- 11.6 Service
12 Porters Five Forces Analysis
- 12.1 Overview
- 12.2 Bargaining Power of Buyers
- 12.3 Bargaining Power of Suppliers
- 12.4 Degree of Competition
- 12.5 Threat of New Entrants
- 12.6 Threat of Substitutes
13 Price Indicators
14 Competitive Landscape
- 14.1 Market Structure
- 14.2 Key Players
- 14.3 Profiles of Key Players
- 14.3.1 Acron Group
- 14.3.1.1 Company Overview
- 14.3.1.2 Product Portfolio
- 14.3.2 BASF SE
- 14.3.2.1 Company Overview
- 14.3.2.2 Product Portfolio
- 14.3.2.3 Financials
- 14.3.2.4 SWOT Analysis
- 14.3.3 BIP (Oldbury) Limited
- 14.3.3.1 Company Overview
- 14.3.3.2 Product Portfolio
- 14.3.3.3 Financials
- 14.3.4 EuroChem
- 14.3.4.1 Company Overview
- 14.3.4.2 Product Portfolio
- 14.3.5 Jiangsu sanmu group Co. Ltd.
- 14.3.5.1 Company Overview
- 14.3.5.2 Product Portfolio
- 14.3.6 Koch Fertilizer LLC
- 14.3.6.1 Company Overview
- 14.3.6.2 Product Portfolio
- 14.3.7 OCI N.V
- 14.3.7.1 Company Overview
- 14.3.7.2 Product Portfolio
- 14.3.7.3 Financials
- 14.3.8 Petrobras
- 14.3.8.1 Company Overview
- 14.3.8.2 Product Portfolio
- 14.3.8.3 Financials
- 14.3.8.4 SWOT Analysis
- 14.3.9 Qatar Fertiliser Company
- 14.3.9.1 Company Overview
- 14.3.9.2 Product Portfolio
- 14.3.10 SABIC
- 14.3.10.1 Company Overview
- 14.3.10.2 Product Portfolio
- 14.3.10.3 Financials
- 14.3.10.4 SWOT Analysis
- 14.3.11 Yara International ASA
- 14.3.11.1 Company Overview
- 14.3.11.2 Product Portfolio
- 14.3.11.3 Financials
- 14.3.11.4 SWOT Analysis
- 14.3.1 Acron Group
List of Figures
- Figure 1: Global: Urea Market: Major Drivers and Challenges
- Figure 2: Global: Urea Market: Sales Value (in Billion US$), 2018-2023
- Figure 3: Global: Urea Market: Breakup by Grade (in %), 2023
- Figure 4: Global: Urea Market: Breakup by Application (in %), 2023
- Figure 5: Global: Urea Market: Breakup by End-Use Industry (in %), 2023
- Figure 6: Global: Urea Market: Breakup by Region (in %), 2023
- Figure 7: Global: Urea Market Forecast: Sales Value (in Billion US$), 2024-2032
- Figure 8: Global: Urea (Fertilizers Grade) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 9: Global: Urea (Fertilizers Grade) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 10: Global: Urea (Feed Grade) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 11: Global: Urea (Feed Grade) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 12: Global: Urea (Technical Grade) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 13: Global: Urea (Technical Grade) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 14: Global: Urea (Nitrogenous Fertilizer) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 15: Global: Urea (Nitrogenous Fertilizer) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 16: Global: Urea (Stabilizing Agent) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 17: Global: Urea (Stabilizing Agent) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 18: Global: Urea (Keratolyte) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 19: Global: Urea (Keratolyte) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 20: Global: Urea (Resin) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 21: Global: Urea (Resin) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 22: Global: Urea (Other Applications) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 23: Global: Urea (Other Applications) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 24: Global: Urea (Agriculture) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 25: Global: Urea (Agriculture) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 26: Global: Urea (Chemical) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 27: Global: Urea (Chemical) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 28: Global: Urea (Automotive) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 29: Global: Urea (Automotive) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 30: Global: Urea (Medical) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 31: Global: Urea (Medical) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 32: Global: Urea (Other Industries) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 33: Global: Urea (Other Industries) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 34: North America: Urea Market: Sales Value (in Million US$), 2018 & 2023
- Figure 35: North America: Urea Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 36: United States: Urea Market: Sales Value (in Million US$), 2018 & 2023
- Figure 37: United States: Urea Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 38: Canada: Urea Market: Sales Value (in Million US$), 2018 & 2023
- Figure 39: Canada: Urea Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 40: Asia Pacific: Urea Market: Sales Value (in Million US$), 2018 & 2023
- Figure 41: Asia Pacific: Urea Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 42: China: Urea Market: Sales Value (in Million US$), 2018 & 2023
- Figure 43: China: Urea Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 44: Japan: Urea Market: Sales Value (in Million US$), 2018 & 2023
- Figure 45: Japan: Urea Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 46: India: Urea Market: Sales Value (in Million US$), 2018 & 2023
- Figure 47: India: Urea Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 48: South Korea: Urea Market: Sales Value (in Million US$), 2018 & 2023
- Figure 49: South Korea: Urea Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 50: Australia: Urea Market: Sales Value (in Million US$), 2018 & 2023
- Figure 51: Australia: Urea Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 52: Indonesia: Urea Market: Sales Value (in Million US$), 2018 & 2023
- Figure 53: Indonesia: Urea Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 54: Others: Urea Market: Sales Value (in Million US$), 2018 & 2023
- Figure 55: Others: Urea Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 56: Europe: Urea Market: Sales Value (in Million US$), 2018 & 2023
- Figure 57: Europe: Urea Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 58: Germany: Urea Market: Sales Value (in Million US$), 2018 & 2023
- Figure 59: Germany: Urea Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 60: France: Urea Market: Sales Value (in Million US$), 2018 & 2023
- Figure 61: France: Urea Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 62: United Kingdom: Urea Market: Sales Value (in Million US$), 2018 & 2023
- Figure 63: United Kingdom: Urea Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 64: Italy: Urea Market: Sales Value (in Million US$), 2018 & 2023
- Figure 65: Italy: Urea Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 66: Spain: Urea Market: Sales Value (in Million US$), 2018 & 2023
- Figure 67: Spain: Urea Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 68: Russia: Urea Market: Sales Value (in Million US$), 2018 & 2023
- Figure 69: Russia: Urea Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 70: Others: Urea Market: Sales Value (in Million US$), 2018 & 2023
- Figure 71: Others: Urea Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 72: Latin America: Urea Market: Sales Value (in Million US$), 2018 & 2023
- Figure 73: Latin America: Urea Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 74: Brazil: Urea Market: Sales Value (in Million US$), 2018 & 2023
- Figure 75: Brazil: Urea Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 76: Mexico: Urea Market: Sales Value (in Million US$), 2018 & 2023
- Figure 77: Mexico: Urea Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 78: Others: Urea Market: Sales Value (in Million US$), 2018 & 2023
- Figure 79: Others: Urea Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 80: Middle East and Africa: Urea Market: Sales Value (in Million US$), 2018 & 2023
- Figure 81: Middle East and Africa: Urea Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 82: Global: Urea Industry: SWOT Analysis
- Figure 83: Global: Urea Industry: Value Chain Analysis
- Figure 84: Global: Urea Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Urea Market: Key Industry Highlights, 2023 and 2032
- Table 2: Global: Urea Market Forecast: Breakup by Grade (in Million US$), 2024-2032
- Table 3: Global: Urea Market Forecast: Breakup by Application (in Million US$), 2024-2032
- Table 4: Global: Urea Market Forecast: Breakup by End-Use Industry (in Million US$), 2024-2032
- Table 5: Global: Urea Market Forecast: Breakup by Region (in Million US$), 2024-2032
- Table 6: Global: Urea Market: Competitive Structure
- Table 7: Global: Urea Market: Key Players
