Global Urea Market Forecast 2019-2025 Research Report
Growing application from other end-user industry such as cattle feed, plywood production, cosmetics, and paints is also expected to drive the global urea market growth over the forecast period.
[ClickPress, Tue Apr 23 2019] Adroit Market Research today published a study on the “Global Urea Market Trends of Its Related Technologies (Stamicarbon, SnamProgetti, Conventional, Others), Applications (Agriculture, Industrial, Others) For Regions (Asia Pacific, North America, South America, Europe, Middle East & Africa) with Forecasts from 2018 to 2025”. The global urea market size is estimated based on the ongoing trend and consumption patterns of the fertilizer industry across the globe. The report also provides a brief outlook on the key strategies implemented by global players.
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The global urea market size is projected to be valued at USD 56.2 billion by 2025. Industrial applications of urea such as the production of resins and catalysts is estimated to be show fastest growth by 2025. Manufacture of melamine that is used for producing melamine-methanal resins is one of the crucial non-agricultural application of urea.
Urea is being increasingly used for reducing emissions from diesel engines in buses, lorries, and cars. For instance, diesel engines running at high temperatures produce nitric oxide with high concentrations by reacting with nitrogen and oxygen present in the air which causes pollution. One of the ways to remove this pollutant is by allowing it to react with ammonia to form nitrogen. However, the process is volatile and poisonous where a solution of urea & water is injected into the exhaust. Urea is decomposed via a thermal process to form ammonia and carbon dioxide.
China accounted for a major market revenue share of nearly 50 % in 2017 in the global urea market and is estimated to show similar trend over the forecast period. Increase in the capacity of urea and ammonia plants is the key driver behind China being the significant exporter of urea. Presence of huge population coupled with economies of scale is associated with the uplifting demand of urea in this region.
Upcoming capacity addition of ammonia and urea in Egypt is anticipated to boost the demand. For instance, The Egyptian Chemical & Fertilizers Industries (KIMA) is expected to start commercial production of ammonia in April, 2019 followed by urea production at the end of June, at its plant in Aswan. The production capacity of the project, known as KIMA II, will be 396,000 tonnes/year of ammonia and 530,000 tonnes/year of urea.
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The company already produces and distributes ammonium nitrate, ammonia, nitric acid, hydrochloric acid, ferrosilicon alloy and silica fume from the facility. The new plant will have a capacity of 1,200 tonnes/day of ammonia and 1,575 tonnes/day of urea. Egypt is a key exporter of urea with a production capacity of over 4.6m tonnes from four main companies, such as Misr Fertilizers Production Company (MOPCO), Egyptian Fertilizers Company (EFC), Helwan and AlexFert.
Increasing demand for food grains on account of the burgeoning population across the globe is anticipated to elevate the use of urea. Capacity expansion from U.S., China, and Europe has caused increase in the domestic production and decrease in the imports of urea. Capacity expansion has created oversupply of urea hence rising the prices of the urea and accumulation of unsalable inventories.
Key Segments of the Global Urea Market:
Technology Overview, 2013-2025 (Kilo Tons) (USD Million)
SnamProgetti / Saipem technology
Application Overview, 2013-2025 (Kilo Tons) (USD Million)
Regional Overview, 2013-2025 (Kilo Tons) (USD Million)
Rest of North America
Central and Eastern Europe (CEE)
Rest of Asia Pacific
Rest of South America
Middle East & Africa
Rest of Middle East & Africa
Reasons for the study
- Trade patterns, production and consumption trends witnessed in the global fertilizer sector
- Demand scenario and utilization patterns of nitrogen fertilizers including urea across each geography
- Significant utilization of urea in non-agricultural applications
- Technological developments in urea production, capacity expansion activities, and mergers & acquisitions mainly in Asia Pacific
- Regulatory scenario regarding fertilizer consumption in North America and Europe
What does the report include?
- The global urea market is segmented on the basis of technology and application
- Market evaluation through analytical models such as Porter’s Five Forces, PESTEL, and value chain
- Market segmentation by technology and application for each of the regions. Market sizing and forecast for key countries in each region.
- Raw material analysis and production overview of the urea sector
- Company profiles of global and regional urea manufacturers and their market positioning
Who should buy this report?
- Executives and managers of fertilizer companies engaged in manufacturing and distribution
- Financial managers and stakeholders interested in trade statistics pertaining to the urea market and other fertilizer sectors
- Government organizations, regulatory bodies, policymakers, and other financial organizations analyzing and monitoring product usage, product quality, and performance of the fertilizer sectors and other related parameters
- Analysts, researchers, strategy planners, and educational institutions interested in gaining market insights and its future trends
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Adroit Market Research is an India-based business analytics and consulting company incorporated in 2018. Our target audience is a wide range of corporations, manufacturing companies, product/technology development institutions and industry associations that require understanding of a market’s size, key trends, participants and future outlook of an industry. We intend to become our clients’ knowledge partner and provide them with valuable market insights to help create opportunities that increase their revenues. We follow a code– Explore, Learn and Transform. At our core, we are curious people who love to identify and understand industry patterns, create an insightful study around our findings and churn out money-making roadmaps.
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