Global Urea Market Growth 2023-2029

Global Urea Market Growth 2023-2029

Urea, also known as carbamide, is an organic compound with chemical formula CO(NH2)2. This amide has two –NH2 groups joined by a carbonyl (C=O) functional group.

Urea serves an important role in the metabolism of nitrogen-containing compounds by animals and is the main nitrogen-containing substance in the urine of mammals. It is a colorless, odorless solid, highly soluble in water, and practically non-toxic (LD50 is 15 g/kg for rats). Dissolved in water, it is neither acidic nor alkaline. The body uses it in many processes, most notably nitrogen excretion. The liver forms it by combining two ammonia molecules (NH3) with a carbon dioxide (CO2) molecule in the urea cycle. Urea is widely used in fertilizers as a source of nitrogen and is an important raw material for the chemical industry.

LPI (LP Information)' newest research report, the “Urea Industry Forecast” looks at past sales and reviews total world Urea sales in 2022, providing a comprehensive analysis by region and market sector of projected Urea sales for 2023 through 2029. With Urea sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Urea industry.

This Insight Report provides a comprehensive analysis of the global Urea landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Urea portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Urea market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Urea and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Urea.

The global Urea market size is projected to grow from US$ 73470 million in 2022 to US$ 69460 million in 2029; it is expected to grow at a CAGR of 69460 from 2023 to 2029.

Global urea key players include QAFCO, Yara, KOCH, SABIC, OCI, etc. Global top 5 players hold a share about 20%.

China is the largest market, with a share about 25%, followed by Europe and North America, having a total share about 30 percent.

In terms of product, large granule urea is the largest segment, with a share about 76%. And in terms of application, the largest application is agriculture, followed by industry.

This report presents a comprehensive overview, market shares, and growth opportunities of Urea market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type

Granular Urea

Prilled Urea

Segmentation by application

Agriculture

Industrial

This report also splits the market by region:

Americas

United States

Canada

Mexico

Brazil

APAC

China

Japan

Korea

Southeast Asia

India

Australia

Europe

Germany

France

UK

Italy

Russia

Middle East & Africa

Egypt

South Africa

Israel

Turkey

GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.

Yara

QAFCO

OCI

CF Industries

EuroChem

KOCH

Nutrien

China National Petroleum Corporation

Shanxi Tianze

SABIC

China XLX Fertilizer

China Coal Group

Yangmei Chemical

China BlueChem

Hualu-hengsheng

Group DF

Rui Xing Group

Sichuan Lutianhua

Yuan Xing Energy

Yuntianhua

Hubei Yihua Chemical Industry

Huajin Chemical Industries

Lanhua Sci-tech

Key Questions Addressed in this Report

What is the 10-year outlook for the global Urea market?

What factors are driving Urea market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Urea market opportunities vary by end market size?

How does Urea break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.