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 (‎CH4N2O) also known as carbamide refers to the diamide form of carbonic acid and is naturally found in the human liver. It is extensively employed as a feed supplement, fertilizer, and a starting material in the production of plastics and drugs. It is a colorless substance present in the crystalline form and also the chief product of metabolic protein breakdown in all mammals as well as in a few fishes. It occurs in the urine, milk, bile, blood, and perspiration of mammals.

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Global Urea Market Trends:

The increase in the demand for carbamide from the industrial sector represents a significant factor driving the market growth across the globe. Moreover, urea is extensively used in the production of aviation fuels and lubricating oils. Apart from this, the growing population has led to an increase in the demand for food, which is expected to increase the demand for fertilizers to enhance crop yield per hectare of agricultural land. This is expected to contribute to the growth of the urea market across the globe, owing to the extensive product application in the agricultural sector. Other factors, such as the the increasing utilization of urea in the automotive industry and in the manufacturing of medical drugs, dyes, disinfectants, cosmetics and yeast, are creating a positive outlook for the market.

Urea Market 2022-2027 Competitive Analysis and Segmentation:

Competitive Landscape With Key Players:

The competitive landscape of the urea market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these key players include:

  • 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

Key Market Segmentation:

Breakup by Application:

  • Nitrogenous Fertilizer
  • Stabilizing Agent
  • Keratolyte
  • Resin
  • Others

Breakup by End-Use Industry:

  • Agriculture
  • Chemical
  • Automotive
  • Medical
  • Others

Breakup by Region:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • Middle East and Africa

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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

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.

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.

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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