Urea Strippers Market to Reflect Impressive Expansion During 2018 - 2028
Chemical process industry generates demand for urea strippers as there is an extensive use of urea in end use applications like, agriculture, chemical industry, automobile systems, laboratory uses, medical uses and, other uses. The urea strippers market is highly competitive and includes both, large capacity manufacturers that provide services globally, as well as small & medium-sized manufacturers that have a more limited portfolio and offer services at a regional level. The urea strippers are constructed with materials which can withstand severe conditions thereby minimizing maintenance, expanding the life of the equipment and optimizing the plant operation conditions.
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Reasons for Covering this Title
The market for urea is growing rapidly worldwide owing to its extensive use as a fertilizer and considerate use in other non-fertilizer applications such as in, urea-formaldehyde resins, melamine formaldehyde resins, and livestock feed among others. Urea is anticipated to be a locally driven market as it is mostly consumed in the countries where it is manufactured. The capacity expansion and supply demand scenario is anticipated to showcase the growth of urea strippers market.
According, to International Fertilizer Industry Association (IFA), nearly, 60 new urea units came into stream between 2014 and 2018, of which 25 were located in China. Beyond 2016, all new urea capacity worldwide is anticipated to be located outside China, thereby, confirming the expansion of capacity to other countries. Global urea capacity would increase by 41 Mt between 2013 and 2018, to 245 Mt. This corresponds to a CAGR of 3%. East Asia is anticipated to contribute 36% of the net capacity increase, followed by Africa with 22% share and North America with 13% share. Global urea supply is estimated at 182 Mt in 2013, 188 Mt in 2014 and 216 Mt in 2018, growing at a projected average annual rate of 4% over 2013.
Global Urea Strippers: Market Segmentation
On the basis of material of construction, the global Urea Strippers market has been segmented as:
Duplex stainless steel (SAFUREX)
On the basis of capacity, the global Urea Strippers market has been segmented as:
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Global Urea Strippers Market: Key Players
Examples of some of the key players operating in the global Urea Strippers market are Saipem S.p.A., Stamicarbon, TOYO India, Urea Casale, ALFA LAVAL, NIIK, thyssenkrupp, LARSEN & TOUBRO LIMITED, FLOWTRONIX, Isgec Heavy Engineering Ltd, Kay Iron Works (Jorian) Private Limited, FEECO International, Inc. among others
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