요소 시장 : 규모, 점유율, 동향, 예측, 등급별, 용도별, 최종 이용 산업별, 지역별(2025-2033년)

The global urea market size was valued at USD 52.7 Billion in 2024. Looking forward, IMARC Group estimates the market to reach USD 60.2 Billion by 2033, exhibiting a CAGR of 1.5% during 2025-2033. Asia-Pacific currently dominates the market, holding a significant market share of over 45.2% in 2024. The establishment of new urea production facilities and collaborations among industry players, are driving the market growth. The increasing agricultural demand for nitrogen-based fertilizers, growing food demand necessitating higher crop yields, ongoing advancements in urea production technology, steadily increasing product applications across industries, and favorable government policies is further driving the urea market share across the region.

The worldwide urea market is influenced by various crucial elements, mainly the increasing need for fertilizers in agriculture. With the rising demand for food production globally driven by population growth, farmers depend on urea as an essential nitrogen-rich fertilizer to boost crop yields. Moreover, the industrial sector plays a vital role in market expansion, since urea is extensively utilized in making resins, adhesives, and plastics. The growing use of urea in automotive applications, especially in selective catalytic reduction (SCR) systems to lower nitrogen oxide emissions, enhances market demand. Recent innovations in urea production, such as energy-saving manufacturing methods and carbon capture technologies, are impacting market dynamics as well.

The United States stands out as a key market disruptor, driven by the significant need for fertilizers within the agricultural sector, as farmers depend on urea to improve soil fertility and optimize crop production. The increasing focus on precision agriculture and sustainable farming methods additionally drives its usage. Moreover, the growing use of urea in industrial sectors, including resin and adhesive manufacturing, sustains market expansion. The automotive sector also has an important function, as urea is an essential ingredient in selective catalytic reduction (SCR) systems to comply with strict emissions standards, thereby creating a positive urea market outlook.

Urea Market Trends:

Rising demand for nitrogen-based fertilizers

The global urea market is majorly driven by the increasing demand for nitrogen-based fertilizers in agriculture. According to industry reports, global fertilizer consumption is expected to recover by 4% in 2023, reaching 192.5 Million Metric Tons (mmt), which is an increase from a low in previous years due to high prices. It further projects a 5% increase in 2024, with global nitrogen fertilizer consumption estimated at 108 mmt and production at 109 mmt. Urea is a key source of nitrogen, essential for plant growth and crop yield improvement. With the global population rising, the need for enhanced food production is escalating, leading to greater usage of urea in farming practices. This, in turn, is creating a positive urea market outlook across the globe. For instance, projections from FAO indicate that to feed a global population of 9.1 Billion by 2050, overall food production must increase by approximately 70%. In developing countries, production would need to nearly double to meet this demand. This demand is particularly high in regions with intensive agricultural activities, where maximizing crop output is crucial.

Significant advancements in urea production technology

Technological advancements in urea production have significantly boosted market growth. Innovations such as more efficient production processes, cost-effective methods, and environmentally friendly technologies have made urea manufacturing more viable and sustainable. These advancements not only reduce production costs but also improve the quality and consistency of urea, making it a more attractive option for agricultural and industrial applications, thereby driving urea market growth. For instance, in July 2024, NEXTCHEM, a division of MAIRE, was chosen by Linggu Chemical Co. Ltd. to enhance the energy efficiency of a 3,100 metric tons per day urea plant in China through its subsidiary Stamicarbon. NEXTCHEM will supply the necessary licensing and process design. The project will employ their Advanced MP Flash Design technology, part of the EVOLVE Energy(TM) series, aiming to reduce the plant's energy consumption by up to 20% by optimizing steam usage and feedstock utilization.

Government policies and support

Supportive government policies and subsidies for agricultural inputs play a crucial role in driving the urea market toward growth. Governments worldwide are implementing policies to promote agricultural productivity and ensure food security. Subsidies for fertilizers, including urea, make them more affordable for farmers, encouraging widespread use. Additionally, regulations supporting the use of nitrogen fertilizers in various regions further stimulate the product demand, as farmers seek to enhance crop yields and maintain soil fertility. For instance, according to industry reports, India plans to stop importing urea by the end of 2025. The government is implementing a two-pronged strategy, reviving closed urea plants and promoting alternative fertilizers like nano liquid urea. Domestic production capacity has increased to 310 Lakh Tons, aiming for 325 Lakh Tons annually. The government's initiatives include substantial subsidies to ensure affordable fertilizers for farmers and efforts to replace conventional urea with nano liquid variants, further propelling the urea market demand.

Urea Industry Segmentation:

Analysis by Grade:

• Fertilizers Grade
• Feed Grade
• Technical Grade

Technical grade stand as the largest component in 2024, holding around 55.0% of the market. The urea market forecast predicts technical grade urea to hold the majority of the market share due to its diverse industrial applications beyond agriculture. It is a key component in the manufacturing of resins, adhesives, and coatings, which are widely used in industries such as automotive, construction, and furniture. Additionally, technical grade urea is crucial in the production of diesel exhaust fluid (DEF), which reduces nitrogen oxide emissions from vehicles, aligning with stringent environmental regulations. Its role in pharmaceuticals, cosmetics, and as a de-icing agent further boosts demand, making it indispensable across multiple sectors and increasing the urea market growth.

For instance, recent data indicates that the annual demand for technical-grade urea for industrial use is approximately 1.3 to 1.4 Million Tons, while domestic production is around 150,000 tons. The manufacturing sector imports only about 200,000 tons, falling significantly short of the required quantity, which exceeds one Million tons.

Analysis by Application:

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

Nitrogenous fertilizer leads the market with around 53.8% of market share in 2024. Urea, a highly concentrated nitrogen source, is essential for promoting plant growth and increasing crop yields. Its efficiency, cost-effectiveness, and ease of application make it the preferred choice among farmers worldwide. Additionally, nitrogen is a vital nutrient for photosynthesis and protein synthesis in plants, further driving the demand for urea-based fertilizers. With the growing global population and the consequent need for enhanced agricultural productivity, the reliance on nitrogenous fertilizers, particularly urea, remains strong, ensuring its dominant market share. According to the industry reports, the world currently uses twice the amount of nitrogen fertilizer needed, yet production capacity is projected to increase by 6%, reaching 202 Million Tons by 2027.

Analysis by End-Use Industry:

• Agriculture
• Chemical
• Automotive
• Medical
• Others

Agriculture leads the market with around 74.7% of market share in 2024. Agriculture represents the leading urea market segment due to its crucial role as a nitrogen fertilizer, essential for promoting plant growth and increasing crop yields. Urea is widely used in various farming practices because it provides a high concentration of nitrogen, vital for healthy crop development. The growing global population and rising food demand drive the agricultural sector to enhance productivity, increasing urea demand. Additionally, its cost-effectiveness, ease of application, and suitability for diverse crops make urea a preferred choice among farmers, solidifying its market dominance.

For instance, in December 2023, Yara announced the acquisition of Agribios Italiana's organic-based fertilizer business, enhancing Yara's organic strategy in Europe. Agribios, with a market share of 10% in Italy, produces approximately 60,000 metric tons of organic-based fertilizers annually. This action is expected to increase Yara's sales in the organic fertilizer market of Italy and its neighboring countries by about 30% within the next three years.

Regional Analysis:

• North America
  • United States
  • Canada
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
• Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
• Latin America
  • Brazil
  • Mexico
  • Others
• Middle East and Africa

In 2024, Asia-Pacific accounted for the largest market share of over 45.2%. The Asia Pacific region leads the urea market due to several factors. High population density in countries like China and India drives significant demand for food, necessitating increased agricultural productivity. Urea, being a key nitrogen fertilizer, is crucial for enhancing crop yields to meet this demand. According to industry reports, India's domestic urea production increased by 13.4% in 2023, reaching 31.11 Million Tons, up from 27.43 Million Tons in 2022. The country currently operates four fertilizer plants, with plans to open a fifth, Talcher Fertilisers Ltd, in September 2024, which will have an annual production capacity of 3.85 Million Tons. Urea availability in 2023 rose by 3.65%, from 39.71 to 41.16 Million Tons, while sales increased by 3.25%, from 36.91 to 38.11 Million tonnes. This steady growth highlights the significance of domestic production in ensuring urea availability and meeting agricultural demand.

Additionally, government initiatives and subsidies in these countries support urea production and usage, making it more accessible to farmers. The region's rapid industrialization also contributes to the demand for urea in industrial applications. For instance, China's fertilizer industry, one of the largest globally, is undergoing a transformation towards sustainability and efficiency, driven by goals to peak carbon emissions by 2030 and achieve carbon neutrality by 2060. The Belt and Road Initiative (BRI) further supports China's fertilizer industry by expanding access to raw materials and new export markets, aligning with the urea market forecast for increased global trade and supply chain enhancements.

Key Regional Takeaways:

United States Urea Market Analysis

In 2024, the United States accounts for over 84.20% of the urea market in North America. In the United States, the rise in the consumption of urea is primarily driven by the changing chemical industry. According to various reports, total foreign direct investment in the U.S. chemical manufacturing industry totaled USD 766.7 billion in 2023. Since this industry is still growing rapidly, the requirement for urea, which serves as a primary feedstock for many chemical reactions, has gone up significantly. The rising demand for urea in the chemical industry for the production of fertilizers, resins, plastics, and various other products has led to its increased utilization. Additionally, improvements in chemical production technologies, coupled with an increased focus on sustainability and environmentally friendly practices, are promoting a broader use of urea in the sector. The growth of sectors like agrochemicals, plastics, and pharmaceuticals is anticipated to keep fueling urea demand, thereby enhancing its use in the United States.

Asia Pacific Urea Market Analysis

In the Asia-Pacific area, the increasing use of urea is associated with higher investments in agriculture. The agricultural industry in this area has been seeing considerable expansion, driven by a rising need for food production to cater to a swiftly increasing population. For example, in 2020, the Indian government plans to allocate around USD 4.32 Million to 346 agritech startups, with the goal of enhancing the agricultural sector's development. Urea, as an essential fertilizer, is crucial for boosting crop yields and increasing agricultural efficiency. The growth in agricultural investments, especially in nations prioritizing the modernization of farming techniques and the extension of arable land, has heightened the need for urea. Additionally, government incentives and agricultural subsidies in certain regions stimulate urea usage, fostering its integration into farming methods. Consequently, urea demand is expected to increase steadily in this area.

Europe Urea Market Analysis

In Europe, the increasing use of urea is primarily fueled by the expanding industrial sector, especially because of the advancement of the automotive industry. As the number of vehicles owned continues to rise, the necessity for urea as an essential element for reducing vehicle emissions is also expanding. The International Council on Clean Transportation reports that approximately 10.6 million new vehicles were registered in the 27 Member States in 2023, which is a 14% increase from 2022. Urea is widely utilized in Selective Catalytic Reduction (SCR) systems to decrease nitrogen oxide emissions from diesel engines, which is essential for complying with strict environmental regulations. As vehicle ownership increases, especially in urban regions, the use of urea in automotive emissions control systems is expected to keep growing. Moreover, the rising industrial need for urea in sectors like pharmaceuticals and manufacturing also enhances its usage in the area.

Latin America Urea Market Analysis

In Latin America, the rising use of urea is fueled by a boost in agricultural output. The Food and Agriculture Organization of the United Nations (FAO) reports that Brazil's crop production hit a record 308 million metric tons in 2021. With the agricultural sector growing to fulfill domestic needs and export requirements, the need for urea, an essential fertilizer, increases. Urea plays a crucial role in boosting crop production, and its contribution to increasing soil fertility fosters the overall agricultural development of the region. As farming methods improve and emphasis is placed on enhancing productivity, there is an increasing demand for urea-based fertilizers to maximize agricultural yields. This need is additionally driven by governmental backing and strategies designed to enhance agricultural productivity.

Middle East and Africa Urea Market Analysis

In the Middle East and Africa, the increasing use of urea is driven by the flourishing construction industry. Reports indicate that Saudi Arabia's construction industry is thriving, featuring more than 5,200 active projects with a total value of USD 819 billion. With substantial infrastructure development underway in the region, including major construction initiatives, the need for urea has increased. Urea is utilized in multiple industrial applications, including the creation of resins, which are vital in the construction and building materials industry. The swift expansion of the construction sector, along with the necessity for higher-quality building materials, has increased the demand for urea. With construction continuing to flourish in this area, urea usage is anticipated to increase, fueled by its use in materials and products for infrastructure initiatives.

Competitive Landscape:

Major participants in the urea market are adopting different strategies to enhance their market stance and promote growth. Large corporations such as CF Industries, Nutrien, and Yara International are putting money into increasing production capabilities to satisfy growing demand, especially in agricultural and industrial sectors. Numerous players are concentrating on technological innovations, including energy-saving urea manufacturing methods and carbon capture technologies, to improve sustainability and lessen environmental effects. Strategic mergers, acquisitions, and collaborations are assisting companies in enhancing their supply chains and optimizing distribution networks.

The report provides a comprehensive analysis of the competitive landscape in the urea market with detailed profiles of all major companies, including:

• Acron Group
• BASF SE
• BIP (Oldbury) Limited
• EuroChem
• Jiangsu Sanmu Group Co. Ltd.
• Koch Fertilizer LLC
• OCI N.V
• Petrobras
• Qatar Fertiliser Company
• SABIC
• Yara International ASA

Key Questions Answered in This Report

• 1.How big is the urea market?
• 2.What is the future outlook of urea market?
• 3.What are the key factors driving the urea market?
• 4.Which region accounts for the largest urea market share?
• 5.Which are the leading companies in the global urea market?

Table of Contents

1 Preface

2 Scope and Methodology

• 2.1 Objectives of the Study
• 2.2 Stakeholders
• 2.3 Data Sources
  • 2.3.1 Primary Sources
  • 2.3.2 Secondary Sources
• 2.4 Market Estimation
  • 2.4.1 Bottom-Up Approach
  • 2.4.2 Top-Down Approach
• 2.5 Forecasting Methodology

3 Executive Summary

4 Introduction

• 4.1 Overview
• 4.2 Key Industry Trends

5 Global Urea Market

• 5.1 Market Overview
• 5.2 Market Performance
• 5.3 Impact of COVID-19
• 5.4 Market Forecast

6 Market Breakup by Grade

• 6.1 Fertilizers Grade
  • 6.1.1 Market Trends
  • 6.1.2 Market Forecast
• 6.2 Feed Grade
  • 6.2.1 Market Trends
  • 6.2.2 Market Forecast
• 6.3 Technical Grade
  • 6.3.1 Market Trends
  • 6.3.2 Market Forecast

7 Market Breakup by Application

• 7.1 Nitrogenous Fertilizer
  • 7.1.1 Market Trends
  • 7.1.2 Market Forecast
• 7.2 Stabilizing Agent
  • 7.2.1 Market Trends
  • 7.2.2 Market Forecast
• 7.3 Keratolyte
  • 7.3.1 Market Trends
  • 7.3.2 Market Forecast
• 7.4 Resin
  • 7.4.1 Market Trends
  • 7.4.2 Market Forecast
• 7.5 Others
  • 7.5.1 Market Trends
  • 7.5.2 Market Forecast

8 Market Breakup by End-Use Industry

• 8.1 Agriculture
  • 8.1.1 Market Trends
  • 8.1.2 Market Forecast
• 8.2 Chemical
  • 8.2.1 Market Trends
  • 8.2.2 Market Forecast
• 8.3 Automotive
  • 8.3.1 Market Trends
  • 8.3.2 Market Forecast
• 8.4 Medical
  • 8.4.1 Market Trends
  • 8.4.2 Market Forecast
• 8.5 Others
  • 8.5.1 Market Trends
  • 8.5.2 Market Forecast

9 Market Breakup by Region

• 9.1 North America
  • 9.1.1 United States
    • 9.1.1.1 Market Trends
    • 9.1.1.2 Market Forecast
  • 9.1.2 Canada
    • 9.1.2.1 Market Trends
    • 9.1.2.2 Market Forecast
• 9.2 Asia Pacific
  • 9.2.1 China
    • 9.2.1.1 Market Trends
    • 9.2.1.2 Market Forecast
  • 9.2.2 Japan
    • 9.2.2.1 Market Trends
    • 9.2.2.2 Market Forecast
  • 9.2.3 India
    • 9.2.3.1 Market Trends
    • 9.2.3.2 Market Forecast
  • 9.2.4 South Korea
    • 9.2.4.1 Market Trends
    • 9.2.4.2 Market Forecast
  • 9.2.5 Australia
    • 9.2.5.1 Market Trends
    • 9.2.5.2 Market Forecast
  • 9.2.6 Indonesia
    • 9.2.6.1 Market Trends
    • 9.2.6.2 Market Forecast
  • 9.2.7 Others
    • 9.2.7.1 Market Trends
    • 9.2.7.2 Market Forecast
• 9.3 Europe
  • 9.3.1 Germany
    • 9.3.1.1 Market Trends
    • 9.3.1.2 Market Forecast
  • 9.3.2 France
    • 9.3.2.1 Market Trends
    • 9.3.2.2 Market Forecast
  • 9.3.3 United Kingdom
    • 9.3.3.1 Market Trends
    • 9.3.3.2 Market Forecast
  • 9.3.4 Italy
    • 9.3.4.1 Market Trends
    • 9.3.4.2 Market Forecast
  • 9.3.5 Spain
    • 9.3.5.1 Market Trends
    • 9.3.5.2 Market Forecast
  • 9.3.6 Russia
    • 9.3.6.1 Market Trends
    • 9.3.6.2 Market Forecast
  • 9.3.7 Others
    • 9.3.7.1 Market Trends
    • 9.3.7.2 Market Forecast
• 9.4 Latin America
  • 9.4.1 Brazil
    • 9.4.1.1 Market Trends
    • 9.4.1.2 Market Forecast
  • 9.4.2 Mexico
    • 9.4.2.1 Market Trends
    • 9.4.2.2 Market Forecast
  • 9.4.3 Others
    • 9.4.3.1 Market Trends
    • 9.4.3.2 Market Forecast
• 9.5 Middle East and Africa
  • 9.5.1 Market Trends
  • 9.5.2 Market Breakup by Country
  • 9.5.3 Market Forecast

10 SWOT Analysis

• 10.1 Overview
• 10.2 Strengths
• 10.3 Weaknesses
• 10.4 Opportunities
• 10.5 Threats

11 Value Chain Analysis

• 11.1 Overview
• 11.2 Inbound Logistics
• 11.3 Operations
• 11.4 Outbound Logistics
• 11.5 Marketing and Sales
• 11.6 Service

12 Porters Five Forces Analysis

• 12.1 Overview
• 12.2 Bargaining Power of Buyers
• 12.3 Bargaining Power of Suppliers
• 12.4 Degree of Competition
• 12.5 Threat of New Entrants
• 12.6 Threat of Substitutes

13 Price Indicators

14 Competitive Landscape

• 14.1 Market Structure
• 14.2 Key Players
• 14.3 Profiles of Key Players
  • 14.3.1 Acron Group
    • 14.3.1.1 Company Overview
    • 14.3.1.2 Product Portfolio
  • 14.3.2 BASF SE
    • 14.3.2.1 Company Overview
    • 14.3.2.2 Product Portfolio
    • 14.3.2.3 Financials
    • 14.3.2.4 SWOT Analysis
  • 14.3.3 BIP (Oldbury) Limited
    • 14.3.3.1 Company Overview
    • 14.3.3.2 Product Portfolio
    • 14.3.3.3 Financials
  • 14.3.4 EuroChem
    • 14.3.4.1 Company Overview
    • 14.3.4.2 Product Portfolio
  • 14.3.5 Jiangsu sanmu group Co. Ltd.
    • 14.3.5.1 Company Overview
    • 14.3.5.2 Product Portfolio
  • 14.3.6 Koch Fertilizer LLC
    • 14.3.6.1 Company Overview
    • 14.3.6.2 Product Portfolio
  • 14.3.7 OCI N.V
    • 14.3.7.1 Company Overview
    • 14.3.7.2 Product Portfolio
    • 14.3.7.3 Financials
  • 14.3.8 Petrobras
    • 14.3.8.1 Company Overview
    • 14.3.8.2 Product Portfolio
    • 14.3.8.3 Financials
    • 14.3.8.4 SWOT Analysis
  • 14.3.9 Qatar Fertiliser Company
    • 14.3.9.1 Company Overview
    • 14.3.9.2 Product Portfolio
  • 14.3.10 SABIC
    • 14.3.10.1 Company Overview
    • 14.3.10.2 Product Portfolio
    • 14.3.10.3 Financials
    • 14.3.10.4 SWOT Analysis
  • 14.3.11 Yara International ASA
    • 14.3.11.1 Company Overview
    • 14.3.11.2 Product Portfolio
    • 14.3.11.3 Financials
    • 14.3.11.4 SWOT Analysis