Granular Urea Market, by Product Type (Fertilizer Grade, Feed Grade, and Technical Grade), by Application (Agriculture, Chemical, Building & Construction, and Others), and by Region (North America, Latin America, Asia Pacific, Europe, Middle East, and Afr

Granular Urea Market, by Product Type (Fertilizer Grade, Feed Grade, and Technical Grade), by Application (Agriculture, Chemical, Building & Construction, and Others), and by Region (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2028

Granular urea is a solid nitrogen fertilizer product with 46% nitrogen content. Urea is manufactured by combining carbon dioxide and ammonia. Ammonia and carbon dioxide are heated together at 450 K and 200 atm pressure. The reaction generates ammonium carbamate, which decomposes to form urea. The granules of urea are made by passing liquid urea through a fluid bed granulation system. A stabilizing compound, formaldehyde, is added to granular urea to reduce its critical humidity and improves its storage and handling properties. Granular urea’s major application is found in agriculture and polymer industry. It is also used in diesel engines of cars, lorries, and buses for reducing air pollution. Apart from these applications, it is also used as a cattle feed supplement.

Market Dynamics

Key initiatives taken by governments in emerging economies such as India for promotion of granular urea is expected to boost market growth of granular urea over the forecast period. For instance, in 2015, Ministry of Chemicals & Fertilizers of India, made it mandatory for all domestic manufacturers of urea to produce 100% neem coated urea (NCU). The decision was taken to boost growth of wheat and paddy crops, and curb the black marketing and hoarding of urea.

Key players operating in the granular urea market are focusing on various strategies such as mergers & acquisitions in order to increase their market presence. For instance, in January 2021, Yara International ASA acquired Tata Chemicals Limited’s (chemical manufacturing company in India) Babrala (Uttar Pradesh, India) plant for US$ 400 million. The plant has an annual production capacity of 0.7 million tons ammonia and 1.2 million tons urea. The acquisition will help Yara to increase its global production capacity and expand its market presence in India.

Key features of the study:

This report provides in-depth analysis of the global granular urea market and provides market size (US$ Billion & Kilo Tons) and compound annual growth rate (CAGR %) for the forecast period (2022-2028), considering 2021 as the base year
It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global granular urea market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
Key companies covered as a part of this study include CF Industries Holdings, Inc., Yara International ASA, Saudi Arabian Fertilizer Company, Nutrien Ltd., Ostchem Holding, EuroChem Group, Bunge Limited, CVR Partners LP, Luxi Chemical Group Co.,Ltd., and Coromandel International Ltd.
Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future product launches, technology upgradation, market expansion, and marketing tactics
The global granular urea market report caters to various stakeholders in this industry including investors, suppliers, granular urea manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the granular urea market

Detailed Segmentation:

Global Granular Urea Market, By Product Type:
Fertilizer Grade
Feed Grade
Technical Grade
Global Granular Urea Market, By Application:
Agriculture
Chemical
Building and Construction
Others
Global Granular Urea Market, By Region:
North America
U.S.
By Product Type:
Fertilizer Grade
Feed Grade
Technical Grade
By Application:
Agriculture
Chemical
Building and Construction
Others
Canada
By Product Type:
Fertilizer Grade
Feed Grade
Technical Grade
By Application:
Agriculture
Chemical
Building and Construction
Others
Europe
U.K.
By Product Type:
Fertilizer Grade
Feed Grade
Technical Grade
By Application:
Agriculture
Chemical
Building and Construction
Others
Germany
By Product Type:
Fertilizer Grade
Feed Grade
Technical Grade
By Application:
Agriculture
Chemical
Building and Construction
Others
France
By Product Type:
Fertilizer Grade
Feed Grade
Technical Grade
By Application:
Agriculture
Chemical
Building and Construction
Others
Italy
By Product Type:
Fertilizer Grade
Feed Grade
Technical Grade
By Application:
Agriculture
Chemical
Building and Construction
Others
Spain
By Product Type:
Fertilizer Grade
Feed Grade
Technical Grade
By Application:
Agriculture
Chemical
Building and Construction
Others
Russia
By Product Type:
Fertilizer Grade
Feed Grade
Technical Grade
By Application:
Agriculture
Chemical
Building and Construction
Others
Rest of Europe
By Product Type:
Fertilizer Grade
Feed Grade
Technical Grade
By Application:
Agriculture
Chemical
Building and Construction
Others
Asia Pacific
China
By Product Type:
Fertilizer Grade
Feed Grade
Technical Grade
By Application:
Agriculture
Chemical
Building and Construction
Others
India
By Product Type:
Fertilizer Grade
Feed Grade
Technical Grade
By Application:
Agriculture
Chemical
Building and Construction
Others
Japan
By Product Type:
Fertilizer Grade
Feed Grade
Technical Grade
By Application:
Agriculture
Chemical
Building and Construction
Others
ASEAN
By Product Type:
Fertilizer Grade
Feed Grade
Technical Grade
By Application:
Agriculture
Chemical
Building and Construction
Others
Australia
By Product Type:
Fertilizer Grade
Feed Grade
Technical Grade
By Application:
Agriculture
Chemical
Building and Construction
Others
South Korea
By Product Type:
Fertilizer Grade
Feed Grade
Technical Grade
By Application:
Agriculture
Chemical
Building and Construction
Others
Rest of Asia Pacific
By Product Type:
Fertilizer Grade
Feed Grade
Technical Grade
By Application:
Agriculture
Chemical
Building and Construction
Others
Latin America
Brazil
By Product Type:
Fertilizer Grade
Feed Grade
Technical Grade
By Application:
Agriculture
Chemical
Building and Construction
Others
Mexico
By Product Type:
Fertilizer Grade
Feed Grade
Technical Grade
By Application:
Agriculture
Chemical
Building and Construction
Others
Rest of Latin America
By Product Type:
Fertilizer Grade
Feed Grade
Technical Grade
By Application:
Agriculture
Chemical
Building and Construction
Others
Middle East
GCC
By Product Type:
Fertilizer Grade
Feed Grade
Technical Grade
By Application:
Agriculture
Chemical
Building and Construction
Others
Israel
By Product Type:
Fertilizer Grade
Feed Grade
Technical Grade
By Application:
Agriculture
Chemical
Building and Construction
Others
Rest of Middle East
By Product Type:
Fertilizer Grade
Feed Grade
Technical Grade
By Application:
Agriculture
Chemical
Building and Construction
Others
Africa
North Africa
By Product Type:
Fertilizer Grade
Feed Grade
Technical Grade
By Application:
Agriculture
Chemical
Building and Construction
Others
Central Africa
By Product Type:
Fertilizer Grade
Feed Grade
Technical Grade
By Application:
Agriculture
Chemical
Building and Construction
Others
South Africa
By Product Type:
Fertilizer Grade
Feed Grade
Technical Grade
By Application:
Agriculture
Chemical
Building and Construction
Others
Company Profiles
CF Industries Holdings, Inc. *
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments
Future Plans
Yara International ASA
Saudi Arabian Fertilizer Company
Nutrien Ltd.
Ostchem Holding
EuroChem Group
Bunge Limited
CVR Partners LP
Luxi Chemical Group Co., Ltd.
Coromandel International Ltd.

“*” marked represents similar segmentation in other categories in the respective section.