Global Urea Fertilizers Market reached a volume of 175.59 MMT in 2022 and is expected to grow at a CAGR of 0.92% between 2023 and 2031 owing to the growing agriculture sector.
A cheap kind of nitrogen fertiliser with an NPK is urea (nitrogen-phosphorus-potassium). While urea is naturally produced in both humans and animals, anhydrous ammonia is used to create synthetic urea. Despite the fact that urea frequently provides gardeners with the most nitrogen for the cheapest price available, particular precautions must be taken while applying urea to the soil to avoid nitrogen loss due to a chemical reaction. Significant increase in the global agriculture industry is one of the main factors promoting market expansion. Urea is less expensive and yields a greater crop in less time than the frequently used ammonium nitrate.
Additionally, urea is increasingly widely utilised as a fertiliser and an ingredient in animal feed. The market is expanding due to the increasing use of urea in the automotive industry. Urea is frequently used in the automobile sector to lower diesel vehicle nitrogen oxide emissions. Automotive urea, commonly referred to as diesel exhaust fluid (DEF), is poured into the exhaust systems and fuel tanks of trucks, buses, cars, and sport utility vehicles to remove nitrogen oxide from diesel exhaust (SUVs). As a result, the market is expanding due to the rising demand for the usage of urea fertilisers in agricultural and other sectors.
Urea fertilisers are being used more frequently as a result of rising public awareness of their advantages in crop protection. Farmers can benefit from urea fertilisers in terms of both the environment and their bottom line. The most nitrogen is found in urea, which aids in the soil’s ability to absorb water. For instance, urea is utilised as a nitrogen-release fertiliser in more than 90% of the world’s industrial production, according to urea fertiliser suppliers. In soils, urea is a relatively mobile chemical that contributes significantly to agricultural water pollution. It is the most crucial source of nitrogen for plant growth since plants can absorb it quickly, and it produces high-quality crops like wheat for wheat bran wholesale suppliers.
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The Urea Fertilizers market report is a perfect foundation for people looking out for a comprehensive study and analysis of the Urea Fertilizers market. On the basis of historic growth analysis and current scenario of Urea Fertilizers market place, the report intends to offer actionable insights on global market growth projections. Authenticated data presented in report is based on findings of extensive primary and secondary research. Insights drawn from data serve as excellent tools that facilitate deeper understanding of multiple aspects of global Urea Fertilizers market. This further helps user with their developmental strategy.
This report examines all the key factors influencing growth of global Urea Fertilizers market, including demand-supply scenario, pricing structure, profit margins, production and value chain analysis. Regional assessment of global Urea Fertilizers market unlocks a plethora of untapped opportunities in regional and domestic market places. Detailed company profiling enables users to evaluate company shares analysis, emerging product lines, scope of NPD in new markets, pricing strategies, innovation possibilities and much more.
Major Players
- SABIC
- Dongguang Chemical
- Coromandel International Ltd
- CF Industries
- Luxi Chemical Group
- Shandong Lianmeng Chemical
- Shanxi tianze coal-chemical
- Koch Fertilizer
- Nutrien
- Bunge Limited
- Sinofert Holdings Limited
- OSTCHEM (Group DF)
- Sichuan Lutianhua
- China XLX Fertiliser
- Hualu-hengsheng
- Yangmei Chemical
- Yara
- Rui Xing Group
- EuroChem
- OCI Nitrogen
- QAFCO
- CVR Partners, LP
- Hubei Yihua Chemical Industry
Types
- Conventional Urea Fertiliser
- Specialty Urea Fertiliser
Applications
- Agriculture
- Industrial
- Others
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Regional Analysis
All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global Urea Fertilizers market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.
