Global Urea Market Report and Forecast 2022-2027

Abstract
Global Urea Market Report and Forecast 2022-2027

Market Outlook
The global urea market is being aided by thriving end-use industries and is projected to grow at a CAGR of 0.8% in the forecast period of 2022-2027.
Urea, which is also known as carbamide, is a colourless crystalline substance used as a fertiliser and feed supplement. Urea is a nitrogenous end-product of the metabolic breakdown of protein in mammals and certain fishes. Melting point of urea is 132.7° C, and it reacts with acids to form salts. Urea is also used in the initial manufacturing stages of plastics and drugs, which is a major growth driving factor for the global urea market.
For commercial uses, urea is prepared from liquid ammonia and carbon dioxide in large amounts. The thriving agriculture industry is driving the demand for nitrogen fertilisers, which in turn, is propelling the demand for urea. This can be attributed to the fact that urea is a concentrated nitrogenous fertiliser because of its high nitrogen content. Over the forecast period, the improving farming practices, growing efforts by farmers to increase crop yields, and technological advancements in the agriculture sector are likely to generate a high demand for fertillisers, which will aid the urea market.
Urea is a crucial component in the manufacture of melamine. Hence, the increasing application melamine formaldehyde resins in numerous household and commercial products is propelling the demand for urea. Heightened application of melamine to produce automotive surface coatings is generating significant demand for urea, owing to the increasing sale of automobiles.
Urea formaldehyde is gaining increased traction across the construction industry to make construction materials such as plywood. Urea formaldehyde is versatile, exhibits high tensile strength, and offers high abrasion resistance. The rapid expansion of the construction industry across the emerging economies is adding further growth to the urea market. Moreover, the escalating application of urea formaldehyde in the manufacturing of decorative laminates and paper is further providing impetus to the urea market.
Furthermore, the thriving textile industry is leading to an increasing demand for wrinkle-resistant fabrics and rayons, which in turn, is propelling the demand for urea. Additionally, the growing research and development activities in the textile industry aimed towards producing superior quality fabrics to cope with the growing enthusiasm of the consumers towards fashion and clothing, are the major factors aiding the market growth.
In terms of region, the Asia Pacific region accounts for a significant share of the market owing to the growing expansion of the end-use industries. For instance, the pharmaceutical industry is witnessing robust growth in the region, which is generating higher demand for urea to treat skin conditions such as eczema, keratosis, and xerosis, among others.
In addition to this, the growing research and development activities in the pharmaceutical sector and rising healthcare expenditure are aiding the urea market.
The strong foothold of urea resin manufacturers across emerging economies, such as India, is giving rise to the demand for the product in the region. On top of it, the demand for downstream components of urea, such as wood panels, airplanes, and automotive tools, among others, is high, which is another crucial driving factor of the market.

Market Segmentation
The market can be divided into the following segmentations.
Market Breakup by Application
•Fertiliser
•Urea Formaldehyde (UF) & Melamine Resins
•Melamine (Cyanurates)
•Animal Feed
•Others
Market Breakup by Region
•North America
•Europe
•Asia Pacific
•Latin America
•Middle East and Africa

Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the companies. Some of the major key players explored in the report by Expert Market Research are as follows:
•Yara International ASA
•Indian Farmers Fertiliser Cooperative Ltd.
•PT Pupuk Kaltim
•Qatar Fertiliser Company
•National Fertilizers Ltd
•Engro Corporation Limited
•Saudi Arabian Fertilizer Company
•CF Industries Holdings, Inc.
•Nutrien Ltd.
•Others
*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

Content
Table of Contents

1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Urea Market Analysis
8.1 Key Industry Highlights
8.2 Global Urea Historical Market (2022-2027)
8.3 Global Urea Market Forecast (2022-2027)
8.4 Global Urea Market by Application
8.4.1 Fertiliser
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2017-2021)
8.4.1.3 Forecast Trend (2022-2027)
8.4.2 Urea Formaldehyde (UF) & Melamine Resins
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2017-2021)
8.4.2.3 Forecast Trend (2022-2027)
8.4.3 Melamine (Cyanurates)
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2017-2021)
8.4.3.3 Forecast Trend (2022-2027)
8.4.4 Animal Feed
8.4.4.1 Market Share
8.4.4.2 Historical Trend (2017-2021)
8.4.4.3 Forecast Trend (2022-2027)
8.4.5 Others
8.5 Global Urea Market by Region
8.5.1 Market Share
8.5.1.1 North America
8.5.1.2 Europe
8.5.1.3 Asia Pacific
8.5.1.4 Latin America
8.5.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2017-2021)
9.1.2 Forecast Trend (2022-2027)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2017-2021)
9.2.2 Forecast Trend (2022-2027)
9.2.3 Breakup by Country
9.2.3.1 EU 28
9.2.3.2 Russia
9.2.3.3 Ukraine
9.2.3.4 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2017-2021)
9.3.2 Forecast Trend (2022-2027)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 India
9.3.3.3 ASEAN
9.3.3.4 Australia
9.3.3.5 Others
9.4 Latin America
9.4.1 Historical Trend (2017-2021)
9.4.2 Forecast Trend (2022-2027)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Chile
9.4.3.5 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2017-2021)
9.5.2 Forecast Trend (2022-2027
9.5.3 Breakup by Country
9.5.3.1 Iran
9.5.3.2 Egypt
9.5.3.3 Turkey
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Trade Data Analysis (HS Code – 310210)
11.1 Major Importing Countries
11.1.1 By Value
11.1.2 By Volume
11.2 Major Exporting Countries
11.2.1 By Value
11.2.2 By Volume
12 Price Analysis
13 Value Chain Analysis
14 Competitive Landscape
14.1 Market Structure
14.2 Company Profiles
14.2.1 Yara International ASA
14.2.1.1 Company Overview
14.2.1.2 Product Portfolio
14.2.1.3 Demographic Reach and Achievements
14.2.1.4 Certifications
14.2.2 Indian Farmers Fertiliser Cooperative Ltd.
14.2.2.1 Company Overview
14.2.2.2 Product Portfolio
14.2.2.3 Demographic Reach and Achievements
14.2.2.4 Certifications
14.2.3 PT Pupuk Kaltim
14.2.3.1 Company Overview
14.2.3.2 Product Portfolio
14.2.3.3 Demographic Reach and Achievements
14.2.3.4 Certifications
14.2.4 Qatar Fertiliser Company
14.2.4.1 Company Overview
14.2.4.2 Product Portfolio
14.2.4.3 Demographic Reach and Achievements
14.2.4.4 Certifications
14.2.5 National Fertilizers Ltd
14.2.5.1 Company Overview
14.2.5.2 Product Portfolio
14.2.5.3 Demographic Reach and Achievements
14.2.5.4 Certifications
14.2.6 Engro Corporation Limited
14.2.6.1 Company Overview
14.2.6.2 Product Portfolio
14.2.6.3 Demographic Reach and Achievements
14.2.6.4 Certifications
14.2.7 Saudi Arabian Fertilizer Company
14.2.7.1 Company Overview
14.2.7.2 Product Portfolio
14.2.7.3 Demographic Reach and Achievements
14.2.7.4 Certifications
14.2.8 CF Industries Holdings, Inc.
14.2.8.1 Company Overview
14.2.8.2 Product Portfolio
14.2.8.3 Demographic Reach and Achievements
14.2.8.4 Certifications
14.2.9 Nutrien Ltd.
14.2.9.1 Company Overview
14.2.9.2 Product Portfolio
14.2.9.3 Demographic Reach and Achievements
14.2.9.4 Certifications
14.2.10 Others
15 Industry Events and Developments