Press release
Urea Market to Grow at 2.8% CAGR Through 2032, Driven by Rising Global Fertilizer Demand
Urea Market
The global urea market plays a critical role in supporting modern agriculture and industrial applications. Urea is widely used as a nitrogen-based fertilizer that improves crop productivity, soil nutrition, and food security across both developed and emerging economies. Beyond agriculture, urea is also used in resins, adhesives, pharmaceuticals, automotive exhaust treatment, and chemical manufacturing, making it a strategically important commodity in the global supply chain.
Rising global population, increasing food demand, and the need for higher agricultural yields have strengthened the importance of urea in farming systems worldwide. At the same time, expanding industrial usage and advancements in production technologies are reshaping the urea market, driving steady demand across multiple end-use sectors.
Market Size & Forecast
2024- 45.48 Bn
2032- 56.73 Bn
CAGR- 2.8%
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Projections Report
The global urea market has demonstrated stable growth over the past decade, supported by consistent fertilizer demand and expanding industrial consumption. Market projections indicate continued growth during the forecast period, driven by:
Rising fertilizer consumption in developing economies
Increasing adoption of nitrogen-based inputs in commercial farming
Growing use of urea in diesel exhaust fluid (DEF) for emission control
Capacity expansions by major producers
With sustained agricultural dependency and evolving environmental regulations, the urea market is expected to maintain a healthy growth trajectory over the coming years.
Why Demand Is Growing
Demand for urea continues to grow due to its affordability, high nitrogen content, and wide availability. Compared to other nitrogen fertilizers, urea offers cost efficiency and ease of application, making it the preferred choice for farmers worldwide.
Additionally, climate variability and shrinking arable land have increased the need for yield-enhancing fertilizers. Governments in many regions are also supporting fertilizer usage through subsidies and agricultural development programs, further strengthening urea consumption.
In industrial sectors, urea demand is rising due to its role in producing resins, plastics, pharmaceuticals, and emission-reducing solutions for vehicles.
Global Urea Market Segmentation
by Grade
Fertilizer
Feed
Technical
by End User
Agriculture
Chemical
Automobile
Medical
Others
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Leading Companies in the Urea Industry
North America
1. Nutrien
2. CF Industries Nitrogen
3. uf chemical co.
4. Phospholutions
Europe
5. BASF
6. OCI Global
7. Achema
8. Agrofert
Asia Pacific
9. Acron Group
10. Chambal Fertilisers and Chemicals
11. Coromandel International
12. Gujarat Narmada Valley
13. Zuari Agro Chemicals
14. National Fertilizers
15. Talcher Chemicals and Fertilizers
16. Fauji Fertilizer Company
17. Madras Fertilizers
18. Indorama Corporation
19. China BlueChemical
20. Ramagundam Fertilizers & Chemicals
21. Petronas Chemicals Group
ME
22. Gulf Formaldehyde Company
23. SABIC
24. AlexFert
25. Ibn Al-Bayttar
Key Drivers and Trends
Rising Agricultural Output Requirements
Growing food consumption and the need to maximize crop yields are increasing the use of nitrogen-based fertilizers, with urea remaining the dominant choice.
Expansion of DEF Usage
Stricter vehicle emission standards across regions are driving demand for diesel exhaust fluid, where urea is a key raw material.
Capacity Expansion and Trade Growth
Several countries are investing in new urea production plants to reduce import dependency and stabilize domestic supply.
Sustainable Fertilizer Practices
Innovations such as coated urea and slow-release fertilizers are gaining traction, improving nitrogen efficiency and reducing environmental impact.
Volatility in Energy Prices
Since urea production depends heavily on natural gas, fluctuations in energy prices continue to influence market dynamics and pricing strategies.
Pain Points & Challenges
Price Volatility
Raw material price fluctuations, particularly natural gas, directly impact urea production costs and profit margins.
Environmental Concerns
Excessive fertilizer usage can lead to soil degradation and water pollution, prompting stricter environmental regulations.
Supply Chain Disruptions
Geopolitical tensions, export restrictions, and logistics challenges can affect global urea availability.
Dependence on Imports
Many countries rely heavily on urea imports, making them vulnerable to international price swings and supply shortages.
Which Regions Are Leading
Asia-Pacific
Asia-Pacific dominates the global urea market due to large agricultural economies, high population density, and strong government support for fertilizers. China and India remain major producers and consumers.
Middle East
The Middle East benefits from abundant natural gas reserves, making it a major exporter of urea to global markets.
North America
Demand is driven by modern farming practices and increasing DEF usage in the automotive sector.
Europe
Europe focuses on sustainable fertilizer usage and emission control solutions, supporting steady urea demand.
Latin America & Africa
Growing agricultural activity and improving farming infrastructure are creating long-term growth opportunities in these regions.
Emerging Opportunities
Adoption of enhanced-efficiency fertilizers
Expansion of domestic manufacturing capacities
Growth in DEF consumption for emission compliance
Increasing fertilizer demand in developing economies
Technological advancements in sustainable urea production
Recent Developments & Trends
Investments in low-carbon urea production technologies
Expansion of urea manufacturing facilities in Asia and the Middle East
Rising focus on fertilizer efficiency and environmental compliance
Increased government involvement in fertilizer pricing and distribution
Frequently Asked Questions
1] What is driving the growth of the global urea market?
The market is driven by rising fertilizer demand, increasing food production needs, and growing industrial applications.
2] Which region dominates the global urea market?
Asia-Pacific dominates due to strong agricultural activity and high fertilizer consumption.
3] What are the major applications of urea?
Key applications include fertilizers, diesel exhaust fluid, resins, pharmaceuticals, and chemical manufacturing.
4] What challenges does the urea market face?
Price volatility, environmental concerns, and supply chain disruptions are major challenges.
5] How is sustainability impacting the urea market?
The market is shifting toward eco-friendly and enhanced-efficiency urea products to reduce environmental impact.
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