PUBLISHER: GlobalData | PRODUCT CODE: 1093606
PUBLISHER: GlobalData | PRODUCT CODE: 1093606
Global urea capacity is poised to see considerable growth over the upcoming years, potentially increasing from 233.05 million tonnes per annum (mtpa) in 2021 to 299.99 mtpa in 2030. Around 76 planned and announced plants are slated to come online by 2030, primarily in Asia and Former Soviet Union. Among countries, India and Iran are expected to lead urea capacity growth by 2030, followed by the Russia and Australia.