Emerging Trends for Worldwide Urea Industry Market (2019-2026): Business Strategy, Opportunity, Segmentation, Competitive Landscape and Regional Analysis

Emerging Trends for Worldwide Urea Industry Market (2019-2026): Business Strategy, Opportunity, Segmentation, Competitive Landscape and Regional Analysis

Ÿ   Base Year: 2018

Ÿ   Estimated Year: 2019

Ÿ   Forecast Period: 2019 to 2026

The global urea market is estimated to be USD 101,301 million in 2019 and is expected to reach USD 125,607 million by 2026, with a CAGR of 3.12% during the forecast period.

Urea is an organic compound composed of carbon, nitrogen, oxygen and hydrogen, also known as urea. Its chemical formula is CON2H4, (NH2)2CO or CN2H4O, the molecular mass is 60, and the international generic drug name is Carbamide. Appearance is colorless crystal or powder, which is the product of animal protein metabolism, and is usually used as nitrogen fertilizer for plants. Urea is synthesized in the liver and is a nitrogen-containing metabolite excreted in mammals. This metabolic process is called the urea cycle.

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Key Players:

Key players in the Urea market include QAFCO, Yara, KOCH, SABIC, OCI, CF Industries, Agrium Inc., EuroChem, Group DF, PotashCorp, Hubei Yihua Chemical Industry, CNPC, Rui Xing Group, Luxi Chemical Group, Huajin Chemical Industries, Hualu-hengsheng, Sichuan Lutianhua, Lanhua Sci-tech, etc.

Market Driver and Restraint

The global urea market is strong growing by consumption in major emerging markets. One of the key drivers boosts the global urea market is the growing demand for urea from diesel exhaust fluids in the process of selective catalytic reduction. Actually, the price, on-time rate or quality, is just one of key factors to influence on the supply capacity and competitiveness. To a producer, can control the total production cost through worldwide procurement, localization procurement and concentrative purchase, more purchasing focuses on fewer suppliers to large-scale purchase, to large-scale and high efficiency.

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Forecast by Geography

In 2018, the global urea market was mainly concentrated in Asia Pacific, North America and Europe, with market shares of 35.71%, 21.59% and 28.42%, respectively, accounting for 85.72%. The Asia Pacific region is the largest producer with an annual output value of more than $35.08 billion in 2018. As the natural gas supply to the urea plant is expected to improve, China's supply is expected to increase in the next quarter.

Type Segment Analysis

The type of the Urea market can be divided into Coal based urea, Gas based urea, and Other.

Application Segment Analysis

Urea is widely used in Agriculture Industry, Chemical Industry, and Other.

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Target Audience:

•     Urea manufacturers

•     Raw material suppliers of urea

•     Small and Medium-sized Enterprises (SMEs)

•     Distributors and resellers of urea

•     Urea industry associations

•     Product managers, urea industry administrator, C-level executives of the industries

•     Market Research and consulting firms

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