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Press Release:

Global Urea Market to Grow at 2.69% During 2022-2027, Facilitated by Significant Growth in Agricultural Sector

COVID-19
The pandemic continues to cause unprecedented disruption across industries worldwide.
Get detailed insights regarding the impact of COVID-19 on the market.

Urea Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Global Urea Market Outlook 2022-27:

The global urea market size reached US$ 49.7 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 58.1 Billion by 2027, exhibiting a growth rate (CAGR) of 2.69% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor. 

Urea (‎CH4N2O), or carbamide, refers to a highly soluble nitrogenous compound that is naturally found in the human liver. It is commercially synthesized by combining ammonia with carbon dioxide (CO2) under high pressure to obtain solid odorless white pellets or crystals. Urea is primarily used in the production of urethane, which is further polymerized to form polyurethane foams. It is also utilized in the manufacturing of fertilizers, feed supplements, pharmaceuticals, adhesives, laminates, molding compounds, resins, coatings and textile finishes. It finds extensive applications across various industries, including agriculture, chemical, automotive and medical.

 

 
 

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Note: Values and trends in the above chart consists of dummy data and are only shown here for representation purpose. Kindly contact us for the actual market size and trends.

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Global Urea Market Trends:

Significant growth in the agriculture industry across the globe is one of the key factors driving the market growth. In 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. Urea is extensively utilized in this industry to minimize nitrogen oxide emissions from diesel automobiles. Automotive urea, or diesel exhaust fluid (DEF), is injected into the exhaust systems and tanks of trucks, buses, cars and sports utility vehicles (SUVs) to remove nitrogen oxide from the diesel exhaust. 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. Other factors, including advancements in melting and granulation technologies to enhance energy and cost-effectiveness of urea, along with the growing demand for urea in the chemical industry, are projected to drive the market further. 

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 2022-2027. Our report has categorized the market based on grade, application and end-use industry.

Breakup by Grade:

  • Fertilizers Grade
  • Feed Grade
  • Technical Grade
     

Breakup by Application:

 

 
 

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  • Nitrogenous Fertilizer
  • Stabilizing Agent
  • Keratolyte
  • Resin
  • Others
     

Breakup by End-Use Industry:

  • Agriculture
  • Chemical
  • Automotive
  • Medical
  • Others
     

Breakup by Region:

 

 
 

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  • 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
     

Competitive Landscape:

The competitive landscape of the industry has also been examined with some of the urea manufacturing companies being Acron Group, BASF SE, BIP (Oldbury) Limited, EuroChem, Jiangsu Sanmu Group Co. Ltd., Koch Fertilizer LLC, OCI N.V, Petrobras, Qatar Fertiliser Company, SABIC and Yara International ASA, etc.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Grade, Application, End-Use Industry, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Acron Group, BASF SE, BIP (Oldbury) Limited, EuroChem, Jiangsu Sanmu Group Co. Ltd., Koch Fertilizer LLC, OCI N.V, Petrobras, Qatar Fertiliser Company, SABIC and Yara International ASA
Customization Scope 10% Free Customization
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Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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
           
List of Figures

Figure 1: Global: Urea Market: Major Drivers and Challenges
Figure 2: Global: Urea Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Urea Market: Breakup by Grade (in %), 2021
Figure 4: Global: Urea Market: Breakup by Application (in %), 2021
Figure 5: Global: Urea Market: Breakup by End-Use Industry (in %), 2021
Figure 6: Global: Urea Market: Breakup by Region (in %), 2021
Figure 7: Global: Urea Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 8: Global: Urea (Fertilizers Grade) Market: Sales Value (in Million US$), 2016 & 2021
Figure 9: Global: Urea (Fertilizers Grade) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 10: Global: Urea (Feed Grade) Market: Sales Value (in Million US$), 2016 & 2021
Figure 11: Global: Urea (Feed Grade) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 12: Global: Urea (Technical Grade) Market: Sales Value (in Million US$), 2016 & 2021
Figure 13: Global: Urea (Technical Grade) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 14: Global: Urea (Nitrogenous Fertilizer) Market: Sales Value (in Million US$), 2016 & 2021
Figure 15: Global: Urea (Nitrogenous Fertilizer) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 16: Global: Urea (Stabilizing Agent) Market: Sales Value (in Million US$), 2016 & 2021
Figure 17: Global: Urea (Stabilizing Agent) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 18: Global: Urea (Keratolyte) Market: Sales Value (in Million US$), 2016 & 2021
Figure 19: Global: Urea (Keratolyte) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 20: Global: Urea (Resin) Market: Sales Value (in Million US$), 2016 & 2021
Figure 21: Global: Urea (Resin) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 22: Global: Urea (Other Applications) Market: Sales Value (in Million US$), 2016 & 2021
Figure 23: Global: Urea (Other Applications) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 24: Global: Urea (Agriculture) Market: Sales Value (in Million US$), 2016 & 2021
Figure 25: Global: Urea (Agriculture) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 26: Global: Urea (Chemical) Market: Sales Value (in Million US$), 2016 & 2021
Figure 27: Global: Urea (Chemical) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 28: Global: Urea (Automotive) Market: Sales Value (in Million US$), 2016 & 2021
Figure 29: Global: Urea (Automotive) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 30: Global: Urea (Medical) Market: Sales Value (in Million US$), 2016 & 2021
Figure 31: Global: Urea (Medical) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 32: Global: Urea (Other Industries) Market: Sales Value (in Million US$), 2016 & 2021
Figure 33: Global: Urea (Other Industries) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 34: North America: Urea Market: Sales Value (in Million US$), 2016 & 2021
Figure 35: North America: Urea Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 36: United States: Urea Market: Sales Value (in Million US$), 2016 & 2021
Figure 37: United States: Urea Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 38: Canada: Urea Market: Sales Value (in Million US$), 2016 & 2021
Figure 39: Canada: Urea Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 40: Asia Pacific: Urea Market: Sales Value (in Million US$), 2016 & 2021
Figure 41: Asia Pacific: Urea Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 42: China: Urea Market: Sales Value (in Million US$), 2016 & 2021
Figure 43: China: Urea Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 44: Japan: Urea Market: Sales Value (in Million US$), 2016 & 2021
Figure 45: Japan: Urea Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 46: India: Urea Market: Sales Value (in Million US$), 2016 & 2021
Figure 47: India: Urea Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 48: South Korea: Urea Market: Sales Value (in Million US$), 2016 & 2021
Figure 49: South Korea: Urea Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 50: Australia: Urea Market: Sales Value (in Million US$), 2016 & 2021
Figure 51: Australia: Urea Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 52: Indonesia: Urea Market: Sales Value (in Million US$), 2016 & 2021
Figure 53: Indonesia: Urea Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 54: Others: Urea Market: Sales Value (in Million US$), 2016 & 2021
Figure 55: Others: Urea Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 56: Europe: Urea Market: Sales Value (in Million US$), 2016 & 2021
Figure 57: Europe: Urea Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 58: Germany: Urea Market: Sales Value (in Million US$), 2016 & 2021
Figure 59: Germany: Urea Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 60: France: Urea Market: Sales Value (in Million US$), 2016 & 2021
Figure 61: France: Urea Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 62: United Kingdom: Urea Market: Sales Value (in Million US$), 2016 & 2021
Figure 63: United Kingdom: Urea Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 64: Italy: Urea Market: Sales Value (in Million US$), 2016 & 2021
Figure 65: Italy: Urea Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 66: Spain: Urea Market: Sales Value (in Million US$), 2016 & 2021
Figure 67: Spain: Urea Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 68: Russia: Urea Market: Sales Value (in Million US$), 2016 & 2021
Figure 69: Russia: Urea Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 70: Others: Urea Market: Sales Value (in Million US$), 2016 & 2021
Figure 71: Others: Urea Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 72: Latin America: Urea Market: Sales Value (in Million US$), 2016 & 2021
Figure 73: Latin America: Urea Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 74: Brazil: Urea Market: Sales Value (in Million US$), 2016 & 2021
Figure 75: Brazil: Urea Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 76: Mexico: Urea Market: Sales Value (in Million US$), 2016 & 2021
Figure 77: Mexico: Urea Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 78: Others: Urea Market: Sales Value (in Million US$), 2016 & 2021
Figure 79: Others: Urea Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 80: Middle East and Africa: Urea Market: Sales Value (in Million US$), 2016 & 2021
Figure 81: Middle East and Africa: Urea Market Forecast: Sales Value (in Million US$), 2022-2027
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, 2021 and 2027
Table 2: Global: Urea Market Forecast: Breakup by Grade (in Million US$), 2022-2027
Table 3: Global: Urea Market Forecast: Breakup by Application (in Million US$), 2022-2027
Table 4: Global: Urea Market Forecast: Breakup by End-Use Industry (in Million US$), 2022-2027
Table 5: Global: Urea Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 6: Global: Urea Market: Competitive Structure
Table 7: Global: Urea Market: Key Players


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Key Questions Answered in This Report

The global urea market was valued at US$ 49.7 Billion in 2021.

We expect the global urea market to exhibit a CAGR of 2.69% during 2022-2027.

The expanding agriculture industry, along with the increasing utilization of urea as a fertilizer and animal
feed additive, is primarily driving the global urea market.

The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown
regulations across several nations, resulting in the temporary closure of numerous manufacturing units
for urea.

Based on the grade, the global urea market can be segmented into fertilizers grade, feed grade, and
technical grade. Currently, technical grade holds the majority of the market share.

Based on the application, the global urea market has been categorized into nitrogenous fertilizer,
stabilizing agent, keratolyte, resin, and others. Among these, nitrogenous fertilizer currently exhibits a
clear dominance in the market.

Based on the end-use industry, the global urea market can be segregated into agriculture, chemical,
automotive, medical, and others. Currently, the agriculture sector accounts for the largest market share.

On a regional level, the market has been classified into North America, Asia Pacific, Europe, Latin
America, and Middle East and Africa, where Asia Pacific currently dominates the global market.

Some of the major players in the global urea market include Acron, 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.

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