PUBLISHER: Fairfield Market Research | PRODUCT CODE: 1951077
PUBLISHER: Fairfield Market Research | PRODUCT CODE: 1951077
Urea Market Insights, Competitive Landscape, and Market Forecast - 2033
The global Urea Market is expected to witness consistent growth over the next several years, fueled by increasing demand in agriculture, animal feed, and industrial applications. The market is projected to reach USD 110.1 billion by 2026 and is anticipated to grow to USD 132.7 billion by 2033, reflecting a compound annual growth rate (CAGR) of 2.70%. Rising agricultural output, industrial expansion, and innovation in urea production technologies are driving the market forward, offering significant opportunities for stakeholders across the value chain.
Market Overview
Urea, a nitrogen-rich compound, is primarily utilized as a fertilizer to enhance soil fertility and crop productivity. Beyond agriculture, it serves as an important ingredient in animal feed and a key raw material in industrial applications, including chemical synthesis, resin production, and specialty chemicals. The market is supported by increasing food demand due to population growth, as well as the rising adoption of modern farming practices designed to maximize yields of crops such as wheat, rice, and maize.
Industrial applications of urea, particularly in the production of plastics, adhesives, and automotive emission control systems, are further reinforcing its market demand. In the automotive sector, urea-based solutions are used in selective catalytic reduction (SCR) systems to reduce nitrogen oxide emissions, providing additional growth opportunities outside traditional fertilizer markets.
Key Market Drivers
- 1. Rising Agricultural Needs: Agriculture continues to dominate urea consumption, as nitrogen-based fertilizers are essential for improving crop yields and maintaining soil health. Expansion of arable land and modernized farming techniques in emerging economies are driving higher fertilizer usage.
- 2. Industrial Usage: Urea's versatility in chemical manufacturing, resin and adhesive production, and animal feed supplementation supports strong demand in non-agricultural sectors.
- 3. Technological Advancements: Innovations in urea formulation, such as slow-release fertilizers and eco-friendly products, help optimize nutrient utilization, minimize environmental impact, and meet sustainable agriculture goals.
- 4. Population Growth and Food Security: Rapid urbanization and the increasing global population are placing pressure on agricultural systems, boosting the need for high-performance fertilizers like urea to secure food production.
Business Opportunities
The urea market presents numerous opportunities for both established and emerging players. Expanding production and distribution in high-growth regions such as Asia Pacific, Latin America, and Africa can help companies tap into rising agricultural and industrial demand. Innovation-focused approaches, including the development of eco-friendly and slow-release urea products, can give businesses a competitive edge.
Moreover, diversifying into industrial applications such as chemical synthesis and automotive emission reduction offers additional revenue streams beyond traditional agricultural sales. Strategic collaborations, mergers, and acquisitions remain key strategies for market participants to strengthen global presence and expand product portfolios.
Regional Analysis
The Asia Pacific region leads the global urea market due to its large agricultural base, extensive fertilizer usage, and industrial growth. China and India are the top consumers, driven by high crop production and the need to sustain soil fertility.
North America and Europe represent mature markets with stable demand, primarily influenced by precision farming, regulatory standards, and adoption of sustainable fertilizers. Industrial applications in these regions also contribute to market growth.
Latin America is witnessing growing fertilizer consumption as agricultural modernization and expansion of arable land accelerate in countries like Brazil and Argentina. Meanwhile, Middle East and Africa are emerging markets with increasing agricultural and industrial demand, offering opportunities for market entry and expansion.
Leading Market Players
The global urea market comprises multinational corporations and regional producers, leveraging production scale, technological expertise, and distribution networks. Key companies include:
- Yara International ASA
- CF Industries Holdings, Inc.
- Nutrien Ltd.
- OCP Group
- EuroChem Group AG
- SABIC (Saudi Basic Industries Corporation)
- Indorama Ventures Public Co., Ltd.
- PetroChina Company Limited
- China National Chemical Corporation (ChemChina)
- Mosaic Company
- Tata Chemicals Ltd.
- OCI N.V.
- Green Plains Inc.
- Melamine Chemicals (various regional producers)
- Shandong Lianheng Chemical Co., Ltd.
These players continue to invest in advanced technologies, sustainable practices, and regional expansion to maintain competitive advantage.
Market Segmentation
By Grade:
- Fertilizer
- Feed
- Industrial
By Application:
- Agriculture
- Animal Feed
- Chemical Synthesis
- Others
By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Table of Contents
1. Executive Summary
- 1.1. Global Urea Market Snapshot
- 1.2. Future Projections
- 1.3. Key Market Trends
- 1.4. Regional Snapshot, by Value, 2026
- 1.5. Analyst Recommendations
2. Market Overview
- 2.1. Market Definitions and Segmentations
- 2.2. Market Dynamics
- 2.2.1. Drivers
- 2.2.2. Restraints
- 2.2.3. Market Opportunities
- 2.3. Value Chain Analysis
- 2.4. COVID-19 Impact Analysis
- 2.5. Porter's Five Forces Analysis
- 2.6. Impact of Russia-Ukraine Conflict
- 2.7. PESTLE Analysis
- 2.8. Regulatory Analysis
- 2.9. Price Trend Analysis
- 2.9.1. Current Prices and Future Projections, 2025-2033
- 2.9.2. Price Impact Factors
3. Global Urea Market Outlook, 2020 - 2033
- 3.1. Global Urea Market Outlook, by Grade , Value (US$ Mn), 2020-2033
- 3.1.1. Fertilizer
- 3.1.2. Feed
- 3.1.3. Industrial
- 3.2. Global Urea Market Outlook, by Application, Value (US$ Mn), 2020-2033
- 3.2.1. Agriculture
- 3.2.2. Animal Feed
- 3.2.3. Chemical Synthesis
- 3.2.4. Others
- 3.3. Global Urea Market Outlook, by Region, Value (US$ Mn), 2020-2033
- 3.3.1. North America
- 3.3.2. Europe
- 3.3.3. Asia Pacific
- 3.3.4. Latin America
- 3.3.5. Middle East & Africa
4. North America Urea Market Outlook, 2020 - 2033
- 4.1. North America Urea Market Outlook, by Grade , Value (US$ Mn), 2020-2033
- 4.1.1. Fertilizer
- 4.1.2. Feed
- 4.1.3. Industrial
- 4.2. North America Urea Market Outlook, by Application, Value (US$ Mn), 2020-2033
- 4.2.1. Agriculture
- 4.2.2. Animal Feed
- 4.2.3. Chemical Synthesis
- 4.2.4. Others
- 4.3. North America Urea Market Outlook, by Country, Value (US$ Mn), 2020-2033
- 4.3.1. U.S. Urea Market Outlook, by Grade , 2020-2033
- 4.3.2. U.S. Urea Market Outlook, by Application, 2020-2033
- 4.3.3. Canada Urea Market Outlook, by Grade , 2020-2033
- 4.3.4. Canada Urea Market Outlook, by Application, 2020-2033
- 4.4. BPS Analysis/Market Attractiveness Analysis
5. Europe Urea Market Outlook, 2020 - 2033
- 5.1. Europe Urea Market Outlook, by Grade , Value (US$ Mn), 2020-2033
- 5.1.1. Fertilizer
- 5.1.2. Feed
- 5.1.3. Industrial
- 5.2. Europe Urea Market Outlook, by Application, Value (US$ Mn), 2020-2033
- 5.2.1. Agriculture
- 5.2.2. Animal Feed
- 5.2.3. Chemical Synthesis
- 5.2.4. Others
- 5.3. Europe Urea Market Outlook, by Country, Value (US$ Mn), 2020-2033
- 5.3.1. Germany Urea Market Outlook, by Grade , 2020-2033
- 5.3.2. Germany Urea Market Outlook, by Application, 2020-2033
- 5.3.3. Italy Urea Market Outlook, by Grade , 2020-2033
- 5.3.4. Italy Urea Market Outlook, by Application, 2020-2033
- 5.3.5. France Urea Market Outlook, by Grade , 2020-2033
- 5.3.6. France Urea Market Outlook, by Application, 2020-2033
- 5.3.7. U.K. Urea Market Outlook, by Grade , 2020-2033
- 5.3.8. U.K. Urea Market Outlook, by Application, 2020-2033
- 5.3.9. Spain Urea Market Outlook, by Grade , 2020-2033
- 5.3.10. Spain Urea Market Outlook, by Application, 2020-2033
- 5.3.11. Russia Urea Market Outlook, by Grade , 2020-2033
- 5.3.12. Russia Urea Market Outlook, by Application, 2020-2033
- 5.3.13. Rest of Europe Urea Market Outlook, by Grade , 2020-2033
- 5.3.14. Rest of Europe Urea Market Outlook, by Application, 2020-2033
- 5.4. BPS Analysis/Market Attractiveness Analysis
6. Asia Pacific Urea Market Outlook, 2020 - 2033
- 6.1. Asia Pacific Urea Market Outlook, by Grade , Value (US$ Mn), 2020-2033
- 6.1.1. Fertilizer
- 6.1.2. Feed
- 6.1.3. Industrial
- 6.2. Asia Pacific Urea Market Outlook, by Application, Value (US$ Mn), 2020-2033
- 6.2.1. Agriculture
- 6.2.2. Animal Feed
- 6.2.3. Chemical Synthesis
- 6.2.4. Others
- 6.3. Asia Pacific Urea Market Outlook, by Country, Value (US$ Mn), 2020-2033
- 6.3.1. China Urea Market Outlook, by Grade , 2020-2033
- 6.3.2. China Urea Market Outlook, by Application, 2020-2033
- 6.3.3. Japan Urea Market Outlook, by Grade , 2020-2033
- 6.3.4. Japan Urea Market Outlook, by Application, 2020-2033
- 6.3.5. South Korea Urea Market Outlook, by Grade , 2020-2033
- 6.3.6. South Korea Urea Market Outlook, by Application, 2020-2033
- 6.3.7. India Urea Market Outlook, by Grade , 2020-2033
- 6.3.8. India Urea Market Outlook, by Application, 2020-2033
- 6.3.9. Southeast Asia Urea Market Outlook, by Grade , 2020-2033
- 6.3.10. Southeast Asia Urea Market Outlook, by Application, 2020-2033
- 6.3.11. Rest of SAO Urea Market Outlook, by Grade , 2020-2033
- 6.3.12. Rest of SAO Urea Market Outlook, by Application, 2020-2033
- 6.4. BPS Analysis/Market Attractiveness Analysis
7. Latin America Urea Market Outlook, 2020 - 2033
- 7.1. Latin America Urea Market Outlook, by Grade , Value (US$ Mn), 2020-2033
- 7.1.1. Fertilizer
- 7.1.2. Feed
- 7.1.3. Industrial
- 7.2. Latin America Urea Market Outlook, by Application, Value (US$ Mn), 2020-2033
- 7.2.1. Agriculture
- 7.2.2. Animal Feed
- 7.2.3. Chemical Synthesis
- 7.2.4. Others
- 7.3. Latin America Urea Market Outlook, by Country, Value (US$ Mn), 2020-2033
- 7.3.1. Brazil Urea Market Outlook, by Grade , 2020-2033
- 7.3.2. Brazil Urea Market Outlook, by Application, 2020-2033
- 7.3.3. Mexico Urea Market Outlook, by Grade , 2020-2033
- 7.3.4. Mexico Urea Market Outlook, by Application, 2020-2033
- 7.3.5. Argentina Urea Market Outlook, by Grade , 2020-2033
- 7.3.6. Argentina Urea Market Outlook, by Application, 2020-2033
- 7.3.7. Rest of LATAM Urea Market Outlook, by Grade , 2020-2033
- 7.3.8. Rest of LATAM Urea Market Outlook, by Application, 2020-2033
- 7.4. BPS Analysis/Market Attractiveness Analysis
8. Middle East & Africa Urea Market Outlook, 2020 - 2033
- 8.1. Middle East & Africa Urea Market Outlook, by Grade , Value (US$ Mn), 2020-2033
- 8.1.1. Fertilizer
- 8.1.2. Feed
- 8.1.3. Industrial
- 8.2. Middle East & Africa Urea Market Outlook, by Application, Value (US$ Mn), 2020-2033
- 8.2.1. Agriculture
- 8.2.2. Animal Feed
- 8.2.3. Chemical Synthesis
- 8.2.4. Others
- 8.3. Middle East & Africa Urea Market Outlook, by Country, Value (US$ Mn), 2020-2033
- 8.3.1. GCC Urea Market Outlook, by Grade , 2020-2033
- 8.3.2. GCC Urea Market Outlook, by Application, 2020-2033
- 8.3.3. South Africa Urea Market Outlook, by Grade , 2020-2033
- 8.3.4. South Africa Urea Market Outlook, by Application, 2020-2033
- 8.3.5. Egypt Urea Market Outlook, by Grade , 2020-2033
- 8.3.6. Egypt Urea Market Outlook, by Application, 2020-2033
- 8.3.7. Nigeria Urea Market Outlook, by Grade , 2020-2033
- 8.3.8. Nigeria Urea Market Outlook, by Application, 2020-2033
- 8.3.9. Rest of Middle East Urea Market Outlook, by Grade , 2020-2033
- 8.3.10. Rest of Middle East Urea Market Outlook, by Application, 2020-2033
- 8.4. BPS Analysis/Market Attractiveness Analysis
9. Competitive Landscape
- 9.1. Company Vs Segment Heatmap
- 9.2. Company Market Share Analysis, 2025
- 9.3. Competitive Dashboard
- 9.4. Company Profiles
- 9.4.1. Yara International ASA
- 9.4.1.1. Company Overview
- 9.4.1.2. Product Portfolio
- 9.4.1.3. Financial Overview
- 9.4.1.4. Business Strategies and Developments
- 9.4.2. CF Industries Holdings, Inc.
- 9.4.3. Nutrien Ltd.
- 9.4.4. OCP Group
- 9.4.5. EuroChem Group AG
- 9.4.6. SABIC (Saudi Basic Industries Corporation)
- 9.4.7. Indorama Ventures Public Co., Ltd.
- 9.4.8. PetroChina Company Limited
- 9.4.9. China National Chemical Corporation (ChemChina)
- 9.4.10. Mosaic Company
- 9.4.1. Yara International ASA
10. Appendix
- 10.1. Research Methodology
- 10.2. Report Assumptions
- 10.3. Acronyms and Abbreviations
