Urea Market Analysis: Plant Capacity, Production, Operating Efficiency, Grade, Demand & Supply, End-User Industries, Sales Channel, Regional Demand, 2015-2035

Format: Online | Last Updated: Dec 2021

[Online Quarterly Update] The urea market experienced significant growth as its demand reached 190 million tonnes in 2021 and is expected to achieve a healthy CAGR of 4.15% in the forecast period. Urea, also known as carbamide, is a nitrogenous compound with the molecular formula CO(NH2)2. It contains a carbonyl group attached to two amine groups with osmotic diuretic activity. Urea is neither acidic nor alkaline and is colorless, odorless, non-toxic, and highly soluble in water. Urea is produced on a large industrial scale with a worldwide production capacity of approximately 180 million tonnes. It is generally made from synthetic Ammonia and Carbon Dioxide (CO2). As a large amount of CO2 is produced during the Ammonia manufacturing process as a byproduct from hydrocarbons (natural gas or petroleum derivatives) or from coal, urea production plants are almost always located adjacent to the Ammonia manufacturing sites. Urea finds its extensive usage in fertilizers as a source of nitrogen and is an important raw material for the chemical industry and several other products. The consistently increasing demand for fertilizers from the agriculture industry is driving the demand for Urea, which is further propelling its market around the globe. Long-term exposure to Urea in the fertilizer form on the skin can cause dermatitis. Apart from agriculture, Urea is utilized in an array of applications, including plastics, resins, adhesives, explosives, automobile systems, drugs, and other commercial products.
Based on grades, the Urea market is segmented into fertilizer, feed, and technical. The technical grade is expected to dominate the market in the upcoming years due to its wide usage in applications like urea-formaldehyde resins, adhesives, plywood, animal feed, disinfectants, cosmetics, etc. Advancements in the automotive industry for the reduction of emissions from the exhaust emission regulations will provide a lucrative opportunity for the urea market across the globe.
On the basis of end-use, the market is segregated into agriculture, chemical, automotive, medical, and others. The agriculture sector holds the largest share in the Urea market across the globe and is likely to maintain its dominance during the forecast period as well, owing to its high demand for fertilizers. Developments in granulation and melting technologies to enhance energy and cost-effectiveness of Urea, along with the surging demand in the chemical industry, is anticipated to boost the Urea market in the upcoming years. 
In 2020, Due to the unprecedented outbreak of COVID-19, the urea market witnessed a negative impact around the globe. Many businesses, downstream industries, and other facilities were severely affected due to the pandemic. Nationwide lockdowns imposed by the government authorities resulted in reduced transportation which affected the automotive industry as the sales went below the line. Amidst the looming concern, demand for Urea remained firm from the agriculture industry. The market growth post-pandemic observed an upward trajectory due to the increased demand from the automotive and chemical industries. 
Among different regions, the Asia Pacific region holds the largest share in the Urea market, followed by North America. Increasing consumption of Nitrogen fertilizers in countries including China and India is driving the demand for Urea across the Asia Pacific region. China is one of the leading producers of Urea-Formaldehyde resin in the world, which will further increase the urea demand in the region. The demand from automotive, chemical, medical, and other downstream industries is also rising at an exponential pace across the region.  
Some of the major players operating in the Urea market are BASF SE, Yara, CF Industries Holdings Inc., China National Petroleum Corporation, EuroChem, Jiangsu sanmu group Co,Ltd., Koch Fertilizer LLC, Nutrien Ltd., OCI Nitrogen, Petrobras, Qatar Fertiliser Company, SABIC, Notore Chemical Industries Plc, and others. 
Years considered for this report:
Historical Period: 2015-2019
Base Year: 2020
Estimated Year: 2021
Forecast Period: 2022–2035
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Objective of the Study: 

• To assess the demand-supply scenario of Urea which covers production, demand, and supply of Urea market globally.
• To analyse and forecast the market size of Urea.
• To classify and forecast Urea market based on application, Grade, end-use and regional distribution.
• To identify drivers and challenges for Urea market.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in Urea market.
• To identify and analyse the profile of leading players involved in the manufacturing of Urea.
To extract data for Urea market, primary research surveys were conducted with Urea manufacturers, suppliers, distributors, wholesalers, and end users. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various end user segments and projected a positive outlook for Global Urea market over the coming years.
ChemAnalyst calculated Urea demand globally by analyzing the historical data and demand forecast which was carried out considering imported Urea, styrene prices, monomers used for production of Urea. ChemAnalyst sourced these values from industry experts and company representatives and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst. 

Key Target Audience:
• Urea manufacturers and other stakeholders
• Organizations, forums, and alliances related to Urea distribution
• Government bodies such as regulating authorities and policy makers
• Market research organizations and consulting companies
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as Urea manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years (next two to five years), thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
Report Scope:
In this report, Urea market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Market size volume by 2021
190 Million Tonnes
Growth Rate
CAGR of 4.15% from 2022 to 2035
Base year for estimation
Historic Data
2015 – 2019
Forecast period
2022 – 2035
Quantitative units
Demand in Million Tonnes and CAGR from 2021 to 2035
Report coverage
Revenue forecast, demand & supply, competitive analysis, competitive landscape, growth factors, and trends
Segments covered
By Grade: (Fertilizer, Feed, and Technical)
By End-Use: (Agriculture, Chemical, Automotive, Medical, and Others)
By Sales Channel: (Direct Company Sale, Direct Import, Distributors & Traders)
Regional scope
North America; Europe; Asia Pacific; South America; Middle East & Africa
Country scope
United States; Mexico; Canada; China; India; Japan; South Korea; Taiwan; Singapore; Germany; Belgium; France; United Kingdom; Spain; Italy; Sweden; Austria; Saudi Arabia; Iran; South Africa; Brazil; Argentina
Key companies profiled
BASF SE, Yara, CF Industries Holdings Inc., China National Petroleum Corporation, EuroChem, Jiangsu sanmu group Co,Ltd., Koch Fertilizer LLC, Nutrien Ltd., OCI Nitrogen, Petrobras, Qatar Fertiliser Company, SABIC, Notore Chemical Industries Plc, and others.
Customization scope
Free report customization with purchase. Addition or alteration to country, regional & segment scope.
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Available Customizations:
With the given market data, ChemAnalyst offers customizations according to a company’s specific needs. 
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Frequently Asked Questions (FAQ):

What are the major end-use applications of Urea?

Urea is extensively used in a wide range of applications including agriculture, chemical, automotive, medical, and others.

Which region demands the maximum share in the Urea market as of 2020?

The Asia Pacific region holds the maximum share in the Urea market owing to the developments and investments in the major end-user industries.

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