Urea Market Size is Expected to Grow at a CAGR of 4.15% by 2035 | ChemAnalyst

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Urea Market is Estimated to Grow at a CAGR of
4.15 by 2035
According to ChemAnalyst report, Urea Market
Analysis Plant Capacity, Production, Operating
Efficiency, Demand Supply, End Use,
Distribution Channel, Region, Competition,
Trade, Customer Price Intelligence Market
Analysis, 2015-2035, The Urea market showcased
commendable growth as its demand reached 190
million tonnes in 2021 and is expected to grow at
a healthy CAGR of 4.15 during the forecast
period until 2035. The surging demand for Urea
from major end-use industries, including
agriculture, chemical, automotive, and others,
is likely to boost the Urea market in the
upcoming years. Ambitious zero- carbon energy
goals and strict regulations to minimize nitrogen
oxide emissions by the automotive industry will
further drive the Urea market over the next few
years. Urea, also known as carbamide, having the
chemical formula CO(NH2)2, is an organic
compound containing a carbonyl group attached to
two amine groups with osmotic diuretic activity.
Urea is practically non-toxic, neither acidic nor
alkaline, and highly soluble in water.
Industrial production of Urea is done on a large
scale, with a worldwide production capacity of
approximately 180 million tonnes. Synthetic
Ammonia and Carbon Dioxide (CO2) are used in the
production of Urea. As a large amount of CO2 is
produced while manufacturing Ammonia as a by-
product from hydrocarbons (natural gas or
petroleum derivatives) or from coal,
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urea production plants are usually located near
the sites of Ammonia manufacturing. Urea is
extensively used in fertilizers as a source of
Nitrogen and is an important feedstock. The
surging demand for Nitrogen-based fertilizers
from the agriculture industry is boosting the
demand for Urea, which is further driving its
market across the world. Exposure to Urea in the
fertilizer form on the skin can cause
dermatitis, which can somehow affect the market
growth. Apart from agriculture, Urea is employed
in a wide range of applications, including
plastics, explosives, drugs, resins, adhesives,
automobile systems, and other commercial
products. Read Full Report Here
https//www.chemanalyst.com/industry-report/urea-
market-666 The urea market is segmented on the
basis of grade, end-use, sales channel, and
region. On the basis of grades, the market is
divided into fertilizer, feed, and technical.
The technical grade is forecasted to dominate the
Urea market in the next few years due to its
wide usage in applications like urea-formaldehyde
resins, adhesives, plywood, animal feed,
disinfectants, cosmetics, etc. Developments in
the automotive industry regarding emissions
control will provide great scope for the urea
market across the globe in the near future. Based
on end-uses, the Urea market is segmented into
agriculture, chemical, automotive, medical, and
others. The agriculture sector dominated the Urea
market across the globe and is projected to
maintain its dominance during the forecast
period as well, due to the increased demand for
fertilizers. Advancements in granulation and
melting technologies to enhance energy and
cost-effectiveness of Urea, along with the
growing demand in the chemical industry, are
likely to boost the Urea market in the forecast
period. In 2020, the unprecedented outbreak of
the coronavirus caused the urea market to
witness a drastic decline worldwide. Several
businesses, and downstream industries, were
severely affected during the 2nd 3rd quarters.
Strict restrictions and nationwide lockdowns
imposed by the leading authorities resulted in
reduced transportation which further affected
the automotive industry as the sales went below
the line. However, demand for Urea remained
stagnant from the end-use
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• agriculture industry. The market growth
  post-pandemic observed an uptrend backed by the
  increased demand from the automotive and chemical
  industries.
• Among different regions, the Asia Pacific region
  is dominating the Urea market, followed by North
  America. With the increasing consumption of
  Nitrogen fertilizers in China and India, the
  demand for Urea across the Asia Pacific region is
  rapidly increasing. China is one of the worlds
  largest producers of Urea-Formaldehyde resin,
  which will further propel the urea demand in the
  Asia Pacific. The demand from chemical,
  automotive, and other downstream industries is
  also rising at an exponential pace across the
  region.
• PDF Sample Here https//www.chemanalyst.com/ChemA
  nalyst/RequestForm Major Players
• 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
• Others.

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Continuously increasing demand for fertilizers
from the blooming agriculture industry is
expected to boost the Urea market in the forecast
period until 2035. Surging demand from the
automotive industry as Urea is utilized in diesel
automobiles to minimize Nitrogen Oxide emissions
is likely to provide lucrative growth to the
Urea market worldwide. Due to the sudden outbreak
of COVID-19, transportation activities were
halted, due to which the global supply chain of
Urea got disrupted amidst the strong demand from
the agriculture industry. However, with the
gradual reopening of the market, the demand for
Urea is anticipated to surge in the near term.
said Mr. Karan Chechi, Research Director with
TechSci Research, a research-based management
consulting firm promoting ChemAnalyst worldwide.
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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
Attribute Details
Market size volume by 2021 190 Million Tonnes
Growth Rate CAGR of 4.15 from 2022 to 2035
Base year for estimation 2020
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.
Pricing and purchase options Avail customized purchase options to meet your exact research needs. Explore purchase options
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• Table of Content
• Global Urea Market Outlook, 2015-2035
• Capacity, By Volume
• By Company
• Production, By Volume
• By Company
• Operating Efficiency
• By Company
• Global Urea Demand Outlook, 2015-2035, By Volume
• By Grade
• By End-Use
• By Region
• By Company
• North America Urea Market Outlook, 2015-2035
• Capacity, By Volume
• By Country
• Production
• By Country
• Operating Efficiency

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• By Country
• United States Urea Market Outlook, 2015-2035
• Capacity, By Volume
• By Company
• By Location
• Production
• By Company
• Operating Efficiency
• By Company
• United States Urea Demand-Supply Scenario,
  2015-2035, By Volume
• Demand
• Supply
• Gap
• United States Urea Demand Outlook, 2015-2035, By
  Volume
• By Grade
• By End-Use
• By Company Share (At least top 3 companies
  market share)
• By Region
• By Sales Channel

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• Production
• By Company
• Operating Efficiency
• By Company
• Mexico Urea Demand-Supply Scenario, 2015-2035, By
  Volume
• Demand
• Supply
• Gap
• Mexico Urea Demand Outlook, 2015-2035, By Volume
• By Grade
• By End-Use
• By Company Share (At least top 3 companies
  market share)
• By Region
• By Sales Channel
• Canada Urea Market Outlook, 2015-2035
• Capacity, By Volume
• By Company
• By Location
• Production

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4.6.4.1. 4.6.4.2.
Demand Supply
4.6.4.3.
Gap
4.6.5. Canada Urea Demand Outlook, 2015-2035, By
Volume
4.6.5.1.
By Grade
4.6.5.2.
By End-Use
4.6.5.3.
By Company Share (At least top 3 companies
market share)
4.6.5.4.
By Region

• 4.6.5.5. By Sales Channel
• Asia Pacific Urea Market Outlook, 2015-2035
• Capacity, By Volume
• By Country
• Production
• By Country
• Operating Efficiency
• By Country
• Asia Pacific Urea Demand Outlook, 2015-2035, By
  Volume
• By Type
• By End-Use
• By Country
• Read Full Toc Here https//www.chemanalyst.com/in
  dustry-report/urea- market-666

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