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Urea Market is Projected to Grow at a CAGR of 2.69% during 2022-2027

11-22-2022 09:12 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: IMARC Group

Urea Market Report 2027

Urea Market Report 2027

According to the latest report by IMARC Group, titled "Urea Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027," the global urea market reached a value of US$ 49.7 Billion in 2021. On account of the aforementioned factors, the market is projected to grow at a CAGR of 2.69% during 2022-2027.

Urea is an organic nitrogenous compound with the chemical formula CH4N2O. It is a colorless, crystalline solid characterized by its high solubility and neutral pH. It is either naturally created in humans as well as other mammals and amphibians by protein metabolism or can be synthesized by combining ammonia with carbon dioxide (CO2) under high pressure. It is widely utilized as a fertilizer and animal feed additive in the agricultural sector. It provides nitrogen to the plants to promote healthy growth and assists them during the photosynthesis process. Apart from this, the compound finds extensive utilization across the chemical, medical and automotive industries in the manufacturing of plastics, pharmaceuticals, adhesives, laminates,

Download a free sample report to get a detailed overview of the report: https://www.imarcgroup.com/urea-market/requestsample

Market Trends:

The market is primarily driven by the significant growth in the agricultural sector across the globe. There has been a growing demand for nitrogen fertilizers from the sector as they aid in promoting rapid growth and encouraging the healthy development of foliage and fruit. The use of these fertilizers, including urea, consequently, delivers a higher crop yield in a limited time, which is boosting their sales on the global level. Along with this, urea is widely used in the automotive industry to reduce nitrogen oxide emissions from diesel engines to meet emission regulations. Automotive urea is utilized in the exhaust systems and tanks of diesel-powered vehicles to remove nitrogen oxide from the exhaust. Furthermore, the advent of fluid bed granulation technology that is utilized in the manufacturing of urea is acting as another major growth-inducing factor. This technology ensures high efficiency and excellent quality of the end product that offers high resistance to crushing and abrasion. Some of the other factors contributing to the market growth include the growing application of urea in the healthcare and personal care sectors, extensive research and development (R&D), and the increasing need for efficient cattle feed supplements. 

Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

Competitive Landscape:

· Acron Group

· BIP (Oldbury) Limited

· EuroChem

· Jiangsu Sanmu Group Co. Ltd

· Koch Fertilizer LLC

· OCI N.V

· Petrobras

· Qatar Fertiliser Company

· SABIC

· Yara International ASA

· BASF

Based On Application:

· Nitrogenous Fertilizer

· Stabilizing Agent

· Keratolyte

· Resin

· Others
 

Based On End-Use Industry:

· Agriculture

· Chemical

· Automotive

· Medical

· Others

Regional

· North America

· Asia Pacific

· Europe

· Latin America

· Middle East and Africa

Ask Analyst for Customization and Explore full report with TOC & List of Figures: https://www.imarcgroup.com/urea-market

Key highlights of the report:                                                           

· Market Performance (2016-2021)
· Market Outlook (2022-2027)
· Market Trends
· Market Drivers and Success Factors
· Impact of COVID-19
· Value Chain Analysis
· Comprehensive mapping of the competitive landscape

TOC for the Report:

• Preface
• Scope and Methodology
• Executive Summary
• Introduction
• Global Market
• SWOT Analysis
• Value Chain Analysis
• Price Analysis
• Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

Media Contact:
Company Name: IMARC Group
Contact Person: Elena Anderson
Email: sales@imarcgroup.com
Phone: +1-631-791-1145
Address: 30 N Gould St Ste R
City: Sheridan
State: WY
Country: United States
Website: https://www.imarcgroup.com/

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.

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