Urea Market Outlook 2025 - 2031: Market Trends, Demand Analysis & Key Players | CF Industries, Koch Fertilizer, BASF SE

The Global Urea Market reached USD 129.2 billion in 2022 and is expected to reach USD 152.5 billion by 2031, growing at a CAGR of 2.1% during the forecast period 2024-2031, according to DataM Intelligence.

The growth is primarily driven by rising demand for nitrogen-based fertilizers to enhance crop productivity, especially in developing countries. Expansion in non-agricultural sectors such as automotive, chemical, and healthcare also contributes to market growth. Technological advancements and sustainable production methods further support market expansion.

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United States: Key Industry Developments

✅ November 2025: Urea prices slightly declined to $397.50 per ton on Nov 4 due to market adjustments, following a 3.7% price rise in the prior month, reflecting tight supply and seasonal demand fluctuations in the fertilizer sector.

✅ October 2025: Market projected to reach a valuation of around USD 79.7 billion, driven by technological advancements in urea production improving efficiency and sustainability.

✅ Q1 2025 (January-March): North America experienced steady upward urea pricing trends, attributed to supply tightness and increased fertilizer consumption during planting seasons.

✅ Mid-2024 (Context): Strategic divestments by companies such as Yara International in certain regions aimed to optimize market presence focusing on growth potential markets like Africa, influencing supply dynamics in North America.

Japan: Key Industry Developments

✅ October 2025: Asia-Pacific urea market revenue projected to hit approximately USD 19.58 billion, fueled by escalating food demand, agricultural intensification, and government subsidies promoting urea fertilizer use.

✅ Mid-2025: Growth in urea fertilizer consumption driven by rapid population growth and agricultural expansion in countries like India, China, and Southeast Asia, with technology improvements aimed at reducing environmental impact.

✅ Early 2025: Increased innovation in urea formulations for enhanced nutrient efficiency and controlled-release properties to minimize nitrogen losses and environmental pollution.

Mergers & Acquisitions (2025) - Urea Market:

✅ Yara International and Petrobras - entered a Master Agreement in July 2024 to explore synergies and efficiency improvements in the Brazilian fertilizer market, focusing on decarbonization initiatives.

✅ BASF SE and ENGIE - finalized a long-term biomethane purchase agreement to reduce carbon footprints at production sites, increasing sustainable urea production capacity.

✅ Casale SA - acquired Green Granulation Limited in 2022, enhancing its fertilizer process technology portfolio and strengthening presence in China's market.

Key Players:

➡ SABIC - Produces a wide range of petrochemicals and fertilizers for global agricultural markets.
➡ Yara - Specializes in sustainable crop nutrition and fertilizer production.
➡ Industries Qatar - Engages in fertilizer and petrochemical manufacturing for regional and global distribution.
➡ CF Industries Holdings Inc. - A leading producer of nitrogen-based fertilizers and related products.
➡ OCI NV - Manufactures and distributes nitrogen fertilizers, methanol, and industrial chemicals.
➡ BASF SE - Provides innovative fertilizer solutions and agricultural chemicals for productivity enhancement.
➡ Koch Fertilizer LLC - Produces nitrogen fertilizers and plant nutrient products for global markets.
➡ Qatar Fertilizer Company - Focuses on large-scale ammonia and urea production for export.
➡ EuroChem - Vertically integrated producer of nitrogen, phosphate, and potash fertilizers.
➡ Nutrien AG - One of the world's largest fertilizer producers, offering nitrogen, phosphate, and potash products.

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Key Segments:

➥ By Type: Granular Urea, Prilled Urea, Urea Solution, Urea Formaldehyde Resin
➥ By Grade: Fertilizer Grade, Feed Grade, Technical Grade
➥ By Technology: Saipem Technology, Stamicarbon Technology, Conventional Technology
➥ By Distribution Channel: E-Commerce, Specialty Stores, Hypermarket/Supermarket
➥ By Application: Nitrogenous Fertilizer, Stabilizing Agent, Keratolyte, Resin
➥ By End-User: Agriculture Industry, Chemical Industry, Automotive Industry, Medical Industry, Other Industries

Latest Industry News and Product Launches:

-Rising global food demand and population growth are driving increased urea consumption as a key nitrogen fertilizer to boost crop yields and soil fertility.

-Innovative products like nano-urea, launched by companies such as IFFCO in India, enhance nutrient efficiency and promote sustainable farming practices.

-Significant price increases in urea fertilizer were recorded in 2025 due to supply chain disruptions and high seasonal demand affecting farmers worldwide.

-Asia-Pacific dominates the market, led by China and India, supported by government incentives and modernisation of agricultural practices, while environmental regulations promote low-emission production technologies.

Market Dynamics and Growth Drivers:

-Increasing global population and rising food demand drive extensive use of urea as a nitrogen fertilizer to boost agricultural productivity and ensure food security.

-Growing adoption of specialty and controlled-release urea fertilizers enhances nutrient efficiency and reduces environmental impact, supporting market growth.

-Expanding industrial applications, including use in production of resins, adhesives, plastics, pharmaceuticals, and diesel exhaust fluid (DEF) for emission control, diversify demand for urea.

-Asia-Pacific leads the market with robust agricultural activities and capacity expansions, while sustainability initiatives and technological advancements promote low-carbon and green fertilizer production.

Research Process:

Both primary and secondary data sources have been used in the Global Urea Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.

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Q1: What is the current size of the Urea Market?

A: In 2022, the Urea Market was valued at USD 129.2 billion, reflecting its strong industry presence.

Q2: How large is the Urea Market expected to be by 2031?

A: By 2031, industry forecasts suggest the Urea Market will grow to around USD 152.5 billion, demonstrating significant expansion.

Q3: What is the growth rate of the Urea Market?

A: The market is projected to expand at a compound annual growth rate (CAGR) of 2.1% during the forecast period from 2024 to 2031.

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