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Top 10 Players in the Urea Market

The global urea market exhibited stable growth during 2015-2020. Looking forward, the market is expected to grow at a CAGR of around 3% during 2021-2026. As per the analysis by IMARC Group, the top 10 urea companies are increasingly focusing on expanding their applications across the automotive sector for minimizing the nitrogen oxide emissions from diesel engines. Urea is increasingly being used in exhaust systems and tanks of diesel-powered automobiles for removing nitrogen oxide. This is further supported by numerous regulations set by the governments of multiple nations pertaining to vehicular emissions. Various key players are also engaging in extensive research and development (R&D) activities to integrate fluid bed granulation technology with the manufacturing process of urea. Since the deployment of the technology is expected to ensure excellent efficiency and improved quality of the end product that offers high resistance to crushing and abrasion, this is creating a positive outlook for the market.

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Top Urea Manufacturing Companies and Suppliers Worldwide: 

Acron Group

Establishment: 1961
Headquarter: Russia
Website: www.acron.ru/en

Arcon Group is a key mineral fertilizer producer on the global level. With its diversified portfolio including complex and nitrogen fertilizers and an extensive distribution channel across Russia and China, the company’s consolidated profit was around US$ 53 Million in 2020. It has two production facilities across Russia but operates in 8 countries worldwide with a strength of more than 11,000 employees.

BASF SE

Establishment: 1865
Headquarter: Germany
Website: basf.com

BASF SE is a multinational chemical company that is known as one of the largest chemical producers in the world. Headquartered at Ludwigshafen, Germany, it operates across multiple integrated production sites across Asia, Europe, Australia, the Americas and Africa in more than 80 countries. It comprises 11 divisions that are grouped into 6 segments, namely chemicals, materials, industrial solutions, surface technologies, nutrition and care, and agricultural solutions. With more than 110,000 employees across the globe, BASF SE aims to rapidly expand its business through operational excellence and technological leadership.

BIP (Oldbury) Limited

Establishment: 1894 
Headquarter: United Kingdom
Website: https://www.bip.co.uk/

BIP (Oldbury) Limited is one of the oldest polymer material manufacturers in the world. A pioneer in developing thermoset resins and plastic molding materials, it is known to manufacture thermoset moulding materials, paper chemicals, textile chemicals, biodiesel water-based polyurethanes, and plastic blast media. It was also the first company to patent urea-formaldehyde resins. It is now a wholly-owned subsidiary of the Tennants Group, which is considered to be the leading formaldehyde producer in the United Kingdom.

EuroChem

Establishment: 2001
Headquarter: Switzerland
Website: https://www.eurochemgroup.com/

Headquartered in Zug, Switzerland, EuroChem is a leading global mineral fertilizer producer and supplier. It produces nitrogen, phosphorus and potash fertilizers that are sold and distributed across Europe, Russia and CIS, North America, Latin America and Asia. With an efficient global distribution network, they are able to serve their extensive customer base in more than 100 countries. Their objective is to maintain its competitive cost advantage with better efficiency and deeper vertical integration while assisting farmers across the globe in enhancing their crop yield and quality.

Jiangsu Sanmu Group

Establishment: 1992
Headquarter: China
Website: http://www.sanmuresin.com/

Jiangsu Sanmu Group is a large-scale chemical enterprise that is primarily engaged in research and development (R&D), manufacturing and sales of solvent, synthetic resin, fine chemical materials and related products. It also deals with the circulation and warehousing of chemicals, copper fabrication and operation of cable wires. It is one of the top private trans-regional and multi-industry enterprises in China that has been awarded with multiple quality and environmental system certifications.

Koch Fertilizer LLC

Establishment: 2008
Headquarter: United States
Website: https://kochfertilizer.com/

Koch Fertilizer LLC is one of the largest producers and marketers of fertilizers on the global level. It has the capacity to manufacture, market and distribute more than 10 Million Metric Tons of fertilizer products on an annual basis. The product portfolio of the company includes urea, urea blends, ammonium nitrate solution, phosphate, anhydrous ammonia, potash, ammonium polyphosphate, and sulfur-based products. With its state-of-the-art terminals across numerous locations, it distributes its products across the US, Canada, Mexico, Australia and the United Kingdom.

OCI Nitrogen

Establishment: 2013
Headquarter: Netherlands
Website: https://www.oci.nl/

OCI Nitrogen is Europe’s second-largest integrated nitrates producer as well as the largest melamine producer worldwide. It provides lower carbon fertilizers, fuels, and feedstocks to agricultural, transportation, and industrial customers across the globe. It has a comprehensive and highly efficient distribution and logistics network around the world and it enables streamlined import/export activities that is accessible through pipeline, road, rail and shipping.

Petrobras

Establishment: 1953
Headquarter: Brazil
Website: https://petrobras.com.br/en/

Petrobras is one of the largest producers of oil and gas in the world that is mainly engaged in exploration and production, refining, energy generation and trading. Based in Brazil, it has a large proven reserve base and has successfully acquired expertise in deep and ultra-deepwater exploration and production. The aim of the company is to provide energy that ensures prosperity in an ethical, safe and competitive way. With over 41,485 employees working with them at present, the company produces an estimate of 2.84 million barrels of oil equivalent per day.

Qatar Fertiliser Company

Establishment: 1969
Headquarter: Qatar
Website: http://www.qafco.qa/

Qatar Fertiliser Company (QAFCO) was founded in 1969 as a joint venture between the Government of Qatar and numerous foreign shareholders. It is now one of the leading producers of fertilizers across the globe. It is owned 100% by Industries Qatar (IQ) and has 6 world-class plants that produce a sizable annual capacity of 3.8 million MT of ammonia and 5.6 million MT of urea at present. It is committed to operating its services in an environmentally responsible manner to provide high quality ammonia and urea to its customers.

SABIC

Establishment: 1976
Headquarter: Saudi Arabia
Website: https://www.sabic.com/en

SABIC is a public company that is ranked among the world’s largest petrochemicals manufacturers with a workforce of over 32,000 individuals. Based in Riyadh, Saudi Arabia, it operates through three strategic business units, namely petrochemicals, agri-nutrients and specialities. Saudi Aramco owns 70% of the company’s shares while the remaining 30% is publicly traded on the Saudi stock exchange. It has numerous manufacturing, sales, technology and innovation facilities that are located across the globe and are managed by four regional offices, the Middle East and Africa, Asia, the Americas and Europe.

 

About IMARC Group: IMARC Group is a leading market research and consulting company that offers management strategy and market research worldwide. The company has done multiple projects on the urea industry, which has enabled clients to set up and expand their businesses successfully. Some of the company’s offerings include:

  • Market Research
  • Plant setup
  • Plant Expansion
  • Marketing and sales
  • Procurement and Distribution
  • Innovation and Product Development