Urea Demand, Production Capacity, Volume and Price Range and Industry Outlook Report Till 2032

Urea Introduction:

Urea, also popularly known as Carbamide, is a crystalline colorless diamide form of carbonic acid. It is widely used as a fertilizer, a feed supplement, as a reagent, etc. Urea is manufactured by the reaction of carbon dioxide with ammonia. It is later processed to make granules or prills. Urea is also the end product of the metabolic protein breakdown in all mammals.

In the agriculture industry, urea is used as a fertilizer. It is used as an alternative supplement of protein and helps in providing nitrogen to the crops. Urea is also used to produce urea-formaldehyde resins, melamine, diesel exhaust fluids, and livestock feed, and their growing demand is supporting the growth of the market.  Urea-formaldehyde compounds are widely used as slow-release sources of nitrogen in agriculture.

Qatar Fertilizer Company, CF Industries, SABIC, Yara International ASA, Koch Fertilizer LLC, OCI Industries, EuroChem, Hubei Chemical Fertilizer Company, Luxi Chemical Group, Zaklady Azotowe Pulawy SA, Sichuan Lutianhua are the top players of urea in the world.

Urea Demand Analysis:

Russia is the largest exporter of urea with net exports of around 7500 kilo tons in 2023. China is the second largest exporter with net exports of more than 5300 kilotons in 2023. Brazil is the largest importer with more than 7500 kilo tons imports in 2023.

Growing Agriculture Sector to boost the Urea Demand

The growing agriculture sector has been favoring the market growth of urea. Urea and its derivatives are widely used as fertilizers in most of markets, including North America, Brazil, and India. The growing demand for N-fertilisers to promote plant growth is providing a push to the demand for urea. The nutrient composition made by urea improves the productivity of the soil and enhances its nutrient constituency which provides plants and crops with relevant elements, boosting the plant life. Developing countries like China, Japan, India, Korea, and Brazil are likely to witness increased demand for urea as compared to other countries due to its increasing utilization in the country’s agriculture sector. 

Rising awareness for organic farming

Urea is the major fertilizer used in agriculture. Urea emits emissions of ammonia and carbon dioxide which is harmful to human health and the ecosystem. Rising awareness of consumers for consuming organic fruits and vegetables is hindering the demand for urea in fertilizers in the agriculture industry. Organic farming in the agricultural industry uses biological fertilizers and pest controls derived from plant and animal wastes.

The awareness of alternative farming techniques is increasing globally. People are trying to avoid the use of chemical fertilizers. The government of India has initiated a scheme of Paramparagat Krishi Vikas Yojna (PKVY) where chemical-free farming techniques are practiced. These techniques are said to hinder the growth of urea globally.

Environmental laws hindering the market growth for urea

Urea releases harmful pollutants like ammonia, etc during its manufacturing process. The concentration of ammonia in the soil makes it more acidic which reduces the soil’s natural fertility and also destroys the microorganisms in the soil. Excessive use of fertilizer has adverse effects on seeding growth, seed germination, and early plant growth in soil Plants and crops are damaged due to the lack of necessary nutrients and the increasing toxicity of ammonia and carbon dioxide. Several countries in the Western Europe region are banning the use of solid urea fertilizers for their agricultural practices. Stringent government restrictions on using urea in agriculture and for other purposes is expected to restrain the urea market growth.

 

Scope of Report

The Urea report describes the global Urea market, with focus on the country, applications and other end-use scenarios. The study provides

Market Data & Forecast (Short-term and Long-term)
•  Demand Analysis
•  Demand Composition, by Applications
•  Capacity 
•  Sales & Revenue
•  Pricing Analysis
•  Market Dynamics

Country Summaries & Product Review
•  Demand Balance 
•  Urea Market data in terms of volume and value for each end-use 
   at regional and country level
•  Urea Market analysis for capacity and demand, at the regional and country level
•  Historical, Current & Market Forecast
•  Macro-economic factors like GDP, Population and World Economic integration
•  Economic & Energy Outlook
•  Industry & Policy Developments 
•  End-use Industry / Applications Market 
•  Reasoning & Analysis
•  Insightful Commentary
•  Market Review
•  Comparative Analysis
•  Latest Trends and market developments
•  Key players
•  Strategic Issues and Recommendations
•  Business Opportunity Assessment

1.  Introduction
      •  Scope
      •  Market Coverage
          -  Application
          -  Regions
          -  Countries
      •  Years Considered
          -  Historical - 2016 – 2020
          -  Base - 2021
          -  Forecast Period - 2022 – 2032
      •  Research Methodology
          -  Approach
          -  Research Methodology
          -  Prismane Consulting Market Models
          -  Assumptions & Limitations
          -  Abbreviations & Definitions
          -  Conversion Factors
          -  Data Sources
2.  Market Synopsis 
      •  Market Evolution
      •  Demand Overview
      •  Industry Structure
      •  Strategic Issues
      •  End-use Trends
      •  Growth Forecast
3.  Economic & Energy Outlook
      •  GDP and Demographics
      •  Monetary & Fiscal Policies
      •  Crude Oil Production and prices
      •  Natural Gas
      •  Electricity Prices
4.  End-use Sector Performance
      • Agriculture
      • Others 
5.  Introduction to Urea and Market Overview 
      •  Product Description
      •  Grades & Properties
      •  Raw Material
      •  Manufacturing Process
      •  Environmental Issues
      •  Value Chain
      •  Applications
6.  Market Dynamics and Industry Trends 
      •  Market Dynamics and COVID-19 Impact
          -  Drivers
          -  Restraints
          -  Opportunities
          -  Challenges
7.  Global Urea Demand Analysis, By Application, (Volume, Value) (2016–2032)
      •  Strategic Issues and COVID-19 Impact
      •  Demand Analysis and Forecast (2016 – 2032)
          -  Demand
          -  Demand Growth Rate (%)
          -  Driving Force Analysis
      •  Global Urea Market, By Application
          Fertilizers
          Urea-Formaldehyde Resins
          Melamine
          Animal Feeds
          Others
8.  Demand Analysis and Market Review, By Region, By Country (Volume, Value), (2016– 2032)
      •  Strategic Issues and COVID-19 Impact
      •  Demand Analysis and Forecast (2016-2032)
      •  Demand Growth Rate (%)
      •  Urea Market, By Application
Note: Demand Analysis has been provided for all major Regions / Countries as mentioned below. The demand(consumption) split by applications has been provided for each of the countries/regions in Volume (Kilotons) and Value (USD Million).
      •  North America
         -  USA
         -  Canada
         -  Mexico
      •  Western Europe
         -  Germany
         -  France
         -  Italy
         -  United Kingdom
         -  Spain
         -  Rest of Western Europe
      •  Central & Eastern Europe
         -  Russia
         -  Poland
         -  Rest of Central & Eastern Europe
      •  Asia-Pacific
         -  China
         -  Japan
         -  India
         -  South Korea
         -  ASEAN
         -  Rest of Asia-Pacific
      •  Central & South America
      •  Middle East & Africa
Note: CAGR will be calculated for all the applications to arrive at the regional/global demand growth for the forecast period (2022 – 2032)
9.  Pricing Analysis
10.  Key Strategic Issues and Business Opportunity Assessment 
      •  Market Attractiveness Assessment
      •  Prospective & Target Market Study
11.  Strategic Recommendation & Suggestions
12.  Company Analysis and Market Share Analysis
      •  Urea Manufacturers Profiles/ Company Analysis
         -  Basic Details
         -  Headquarter, Key Markets
         -  Ownership
         -  Company Financial
         -  Manufacturing Bases
         -  Global Turnover
         -  Total Employee
         -  Product Portfolio / Services / Solutions
         -  Key Business Strategies adopted and Prismane Consulting Overview
         -  Recent Developments
         -  Companies Covered
             - Qatar Fertilizer Company
             - CF Industries
             - SABIC
             - Yara International ASA
             - Koch Fertilizer LLC
             - OCI Industries
             - EuroChem
             - Hubei Chemical Fertilizer Company
             - Luxi Chemical Group
             - Zaklady Azotowe Pulawy SA
             - Sichuan Lutianhua
             - Rui Xing Group
             - Other Manufacturers
Note: This section includes company information, company financials, manufacturing bases, and operating regions. Company financials have been mentioned only for those companies where financials were available in SEC Filings, annual reports, or company websites. All the reported financials in this report are in U.S. Dollars. Financials reported in other currencies have been converted using average currency conversion rates. Company profiles may include manufacturers, suppliers, and distributors.
13.  Appendices
      •  Demand- Regions
      •  Demand– Countries

Scope of Report

The Urea report describes the global Urea market, with focus on the country, applications and other end-use scenarios. The study provides

Market Data & Forecast (Short-term and Long-term)
•  Demand Analysis
•  Demand Composition, by Applications
•  Capacity 
•  Sales & Revenue
•  Pricing Analysis
•  Market Dynamics

Country Summaries & Product Review
•  Demand Balance 
•  Urea Market data in terms of volume and value for each end-use 
   at regional and country level
•  Urea Market analysis for capacity and demand, at the regional and country level
•  Historical, Current & Market Forecast
•  Macro-economic factors like GDP, Population and World Economic integration
•  Economic & Energy Outlook
•  Industry & Policy Developments 
•  End-use Industry / Applications Market 
•  Reasoning & Analysis
•  Insightful Commentary
•  Market Review
•  Comparative Analysis
•  Latest Trends and market developments
•  Key players
•  Strategic Issues and Recommendations
•  Business Opportunity Assessment