Suphur Coated Urea Market | Agrium Inc., Israel Chemicals Ltd., Syngenta AG., Yara International ASA, Andersons Inc.

Sulfur coated urea is primarily used in the agriculture industry for reducing the negative effects of fertilizers such as crop burn. They are basically a controlled released of fertilizers that are manufactured by coatings hot urea by using molten sulfur polyurethane oil. These are specialized fertilizers that are coated by using polymers or waxes to release nutrients slowly. They are widely used across professional lawn care and turf, greenhouses, horticulture, golf courses, and nurseries.

The global sulphur coated urea market is projected to surpass US$ 1200 million by the end of 2027, in terms of revenue, growing at CAGR of 3.2% during the forecast period (2020 to 2027).

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Major players in the global sulphur coated urea market are increasing their investment on innovative product launchings, research & development and marketing & promotional activities to capitalize on emerging trends in various end-use industries agriculture, horticulture, and others. This scenario is expected to fuel the market during the forecast period.

Detailed Segmentation:

Global Sulphur Coated Urea Market, By Product Type:
Wax Sulphur Coated Urea
Polymer Sulphur Coated Urea

Global Sulphur Coated Urea Market, By Application:
Agriculture
Golf Courses
Professional Lawn Care & Turf
Others

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Companies across the globe are increasingly asking the employees for working from home, which has led to reduction of commute in the cities and non-essential travel have descended drastically during the pandemic situation. This scenario is expected to continue to reduce the demand of sulphur coated urea services across the globe. For instance, Hertz Global Holdings Inc. faced soaring cancellations and lack of new bookings. The company has been cutting off staff and reduce high capital spending to reserve liquidity.

Logistics are disrupted in various regions of the world which has impacted industries in different sectors such as agriculture, chemical, recreational and others. With the decrease in global demand, the prices of sulphur coated urea products have started to decline across the globe owing to sudden holds put on the buying of these products amidst the coronavirus (Covid-19) Pandemic. This scenarios is expected to hamper the growth rate of the market till the early quarter of 2021.

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