Urea Market to showcase significant growth via agriculture industry | Key Players are BASF, Petrobras, QAFCO, Acron, Jiangsu Sanmu, Agrium, Yara
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Growing global population has led to a rise in the agricultural activities that require fertilizers in large numbers to sustain the crop yield against pests and insects. This has rendered a positive impact on the Urea Market over the years. Urea, also known as carbamide is essentially produced from carbon dioxide and ammonia and has been labeled as among the most important chemicals used in the polymer and agricultural industries.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1. Company Profiles:
3. Potash Corp
5. Jiangsu Sanmu
10. Euro Chem
11. OCI Nitrogen,
12. BASF SE
13. KBR Inc.
16. CF Industries
18. Koch Fertilizer Teijin
The U.S. has installed over 1,000 SCR systems in several sources across different industries besides automotive, such as process heaters, steel mills, utility & industrial boilers, gas turbines, and chemical plants, fueling urea market trends over the coming years.
Global urea market holds a dominant position in the agricultural applications in the form of fertilizer as it is the most commonly used nitrogen fertilizer containing about 46% of nitrogen. The chemical is the cheapest form of nitrogen fertilizer to transport and is highly favored across the developing nations. It has been estimated that about 90% of urea is used to manufacture fertilizers.
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Urea Market, By Application
o Nitrogenous Fertilizer
o Stabilizing Agent
The product has an excellent nitrogen content and calls for a considerably low production cost on account of its natural source. Urea has risk-free storage as well as exhibits a non-flammable property that gathers major attention from manufacturers globally. It has a wide range of applications across medical, polymer, chemical industries, automotive, explosives, and deicing.
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