The global demand for Urea Market is presumed to reach the valuation of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% during the period of 2022-2028.
Urea having chemical formula CH4N2O or also called as carbamide, is a highly soluble nitrogenous compound that is naturally found in the human lever. It is commercially produced by combining ammonia with carbon dioxide under high pressure to gain solid odorless white crystal. Urea is mainly used in the production of urethane, which is again polymerized to form polyurethane foams. It is also used in the manufacturing of fertilizers, feed supplements, laminates, resins, coating, pharmaceutical and others. It finds extensive applications across various industries, including agriculture, chemical, automotive and medical.
The market is primarily driven by significant growth in the agriculture sector across the globe. As comparison to traditionally used ammonium nitrate, urea is more cost-effective and offers higher crop yield in lesser time. This has resulted in the widespread adoption of urea as a fertilizer and animal feed additive. Furthermore, the increasing utilization of urea in the automotive industry is also contributing to the market growth. The availability of premium-quality technical grade urea, which is extensively utilized in the manufacturing of medical drugs, dyes, disinfectants, cosmetics and yeast, is acting as another major growth-inducing factor.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of urea.
The entire urea market has been sub-categorized into grade, application, and end-use industry. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
- Fertilizers Grade
- Feed Grade
- Technical Grade
By End-Use Industry
- Nitrogenous Fertilizer
- Stabilizing Agent
This section covers regional segmentation which accentuates on current and future demand for urea market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Urea Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the urea market include Acron, BASF SE, BIP (Oldbury) Limited, EuroChem, Jiangsu Sanmu Group Co. Ltd., Koch Fertilizer LLC, OCI Nitrogen, Petrobras, Qatar Fertiliser Company, SABIC, Yara International ASA, and others. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers& acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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