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Urea Market Report by Grade (Fertilizers Grade, Feed Grade, Technical Grade), Application (Nitrogenous Fertilizer, Stabilizing Agent, Keratolyte, Resin, and Others), End-Use Industry (Agriculture, Chemical, Automotive, Medical, and Others), and Region 2024-2032
Market Report I 2024-07-01 I 147 Pages I IMARC Group
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?
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
9.2 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
9.3 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
9.4 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
9.5 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
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
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
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