Global market share of Urea from 2018 to 2023

 Urea, also known as carbamide, is an organic compound with chemical formula CO(NH2)2. This amide has two –NH2 groups joined by a carbonyl (C=O) functional group.

Urea serves an important role in the metabolism of nitrogen-containing compounds by animals and is the main nitrogen-containing substance in the urine of mammals. It is a colorless, odorless solid, highly soluble in water, and practically non-toxic (LD50 is 15 g/kg for rats). Dissolved in water, it is neither acidic nor alkaline. The body uses it in many processes, most notably nitrogen excretion. The liver forms it by combining two ammonia molecules (NH3) with a carbon dioxide (CO2) molecule in the urea cycle. Urea is widely used in fertilizers as a source of nitrogen and is an important raw material for the chemical industry.

According to our (Global Info Research) latest study, the global Urea market size was valued at USD 77280 million in 2022 and is forecast to a readjusted size of USD 73380 million by 2029 with a CAGR of -0.7% during review period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.

Global urea key players include QAFCO, Yara, KOCH, SABIC, OCI, etc. Global top 5 players hold a share about 20%.

China is the largest market, with a share about 25%, followed by Europe and North America, having a total share about 30 percent.
In terms of product, large granule urea is the largest segment, with a share about 76%. And in terms of application, the largest application is agriculture, followed by industry.

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The Primary Objectives in This Report Are:

To determine the size of the total market opportunity of global and key countries

To assess the growth potential for Urea

To forecast future growth in each product and end-use market

To assess competitive factors affecting the marketplace

This report is a detailed and comprehensive analysis for global Urea market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2023, are provided.

This report profiles key players in the global Urea market based on the following parameters - company overview, production, value, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Yara, QAFCO, OCI, CF Industries and EuroChem, etc.

This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, COVID-19 and Russia-Ukraine War Influence.

Market Segmentation
Urea market is split by Type and by Application. For the period 2018-2029, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.

Market segment by Type
Granular Urea
Prilled Urea

Market segment by Application
Agriculture
Industrial

Major players covered
Yara
QAFCO
OCI
CF Industries
EuroChem
KOCH
Nutrien
China National Petroleum Corporation
Shanxi Tianze
SABIC
China XLX Fertilizer
China Coal Group
Yangmei Chemical
China BlueChem
Hualu-hengsheng
Group DF
Rui Xing Group
Sichuan Lutianhua
Yuan Xing Energy
Yuntianhua
Hubei Yihua Chemical Industry
Huajin Chemical Industries
Lanhua Sci-tech

Market Segmentation

Urea market is split by Type and by Application. For the period 2018-2029, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.

Market segment by region, regional analysis covers
    North America (United States, Canada and Mexico)
    Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
    Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
    South America (Brazil, Argentina, Colombia, and Rest of South America)
    Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
The content of the study subjects, includes a total of 15 chapters:

Chapter 1, to describe Urea product scope, market overview, market estimation caveats and base year.

Chapter 2, to profile the top manufacturers of Urea, with price, sales, revenue and global market share of Urea from 2018 to 2023.

Chapter 3, the Urea competitive situation, sales quantity, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.

Chapter 4, the Urea breakdown data are shown at the regional level, to show the sales quantity, consumption value and growth by regions, from 2018 to 2029.

Chapter 5 and 6, to segment the sales by Type and application, with sales market share and growth rate by type, application, from 2018 to 2029.

Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value and market share for key countries in the world, from 2017 to 2022.and Urea market forecast, by regions, type and application, with sales and revenue, from 2024 to 2029.

Chapter 12, market dynamics, drivers, restraints, trends, Porters Five Forces analysis, and Influence of COVID-19 and Russia-Ukraine War.

Chapter 13, the key raw materials and key suppliers, and industry chain of Urea.

Chapter 14 and 15, to describe Urea sales channel, distributors, customers, research findings and conclusion.

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