입상 요소 : 시장 점유율 분석, 업계 동향 및 통계, 성장 예측(2026-2031년)

According to Mordor Intelligence, the granular urea market size is projected to expand from 165.23 Million tons in 2025 and 168.40 Million tons in 2026 to 185.20 Million tons by 2031, registering a CAGR of 1.92% between 2026 to 2031.

This report is Segmented by Grade (Agricultural Grade, Industrial Grade), Application (Agriculture [Cereals and Grains, and More], Industrial [Adhesives and Resins, Chemicals, Other Industrial Applications]), and Geography (Asia-Pacific, North America, Europe, South America, Middle East and Africa). The Market Forecasts are Provided in Terms of Volume (tons).

Global Granular Urea Market Trends and Insights

Rising Demand for Nitrogen-based Fertilizers

In 2025, global cereal and oilseed acreage grew by 2.1 million hectares, leading to an additional demand of 1.2 million tons of nitrogen. Granular formulations gained popularity, as their reduced dust levels not only lessen respiratory issues but also align with the stringent occupational health standards set by the U.S. and the European Union. In 2025, India saw a 28% surge in nitrogen fertilizer imports, totaling 4.1 million tons, up from 2024. This spike was largely due to erratic monsoons, which compressed planting windows and heightened the preference for quick-dissolving granules. Adoption of precision agriculture soared to 42% across U.S. corn and soybean fields. This approach, allowing for variable-rate placement, has curtailed over-application by as much as 18%, simultaneously boosting the demand for uniform granules that work seamlessly with pneumatic spreaders. Additionally, the consistent rice cycles in Vietnam, Thailand, and Indonesia have further stabilized purchasing patterns. Together, these agricultural trends have driven up nitrogen consumption.

Government Subsidies and Fertilizer Support Programs

India allocated approximately USD 13 billion for fertilizer subsidies in FY 2025-2026, setting a retail cap of INR 266 per 45 kg for urea. This move comes even as global prices surged past USD 400 per ton CFR, a strategy aimed at shielding smallholders from the volatility of feedstock costs. Meanwhile, Brazil's "Plano Safra 2025-2026" unveiled a substantial BRL 400.59 billion (around USD 80 billion) in rural credit. This financial boost has kept import demand robust, even with Petrobras reactivating its urea units in Sergipe and Bahia in January 2026. In Argentina, preferential credit measures led to a notable 28% surge in nitrogen imports, reaching 4.1 million tons. While these initiatives currently support baseline demand, policymakers are increasingly directing funds towards nano-liquid and inhibitor-coated products. This shift aims to mitigate nitrous oxide emissions, suggesting that the uplift in the granular urea market may wane post-2028.

Volatile Natural-Gas and Ammonia Feedstock Costs

In 2025, European gas prices fluctuated between USD 6 and USD 14 per MMBtu. These swings translated into ammonia costs, which accounted for 70-80% of urea's cash expenses. Consequently, when prices spiked and margins were erased, producers cut back on winter production. Meanwhile, at the U.S. Gulf Coast, ammonia prices surged from USD 450 per ton in Q1 2025 to USD 620 per ton by October. This spike followed Hurricane Francine's closure of Louisiana plants, tightening margins for downstream granules. Such high volatility has made long-term offtake contracts less appealing. In fact, Brazilian importers, aiming to sidestep peak prices, sourced 60% of their 2025 urea on spot terms, a jump from 40% in 2024. This uncertainty has also stalled capacity expansions. Companies like CF Industries and Yara are now favoring investments in blue ammonia, which ensures compliance with the Carbon Border Adjustment Mechanism (CBAM), over traditional expansions.

Other drivers and restraints analyzed in the detailed report include:

1. Shift to Granular Over Prilled Urea for Better Handling
2. Automated Bulk-Blending Facilities Favor Dust-Free Granules
3. Environmental Impacts of Nitrate Leaching and Eutrophication

For complete list of drivers and restraints, kindly check the Table Of Contents.

Segment Analysis

In 2025, agricultural-grade granules dominated demand capturing 77.23%, driven by India's consumption of 28 million tons during the kharif and rabi seasons, alongside Brazil's application of 6.2 million tons for soybeans and corn. Despite this substantial demand, the agricultural segment of the granular urea market is projected to grow at a modest CAGR through 2031. This tempered growth is attributed to India's push for nano-liquid alternatives, which aim to replace 30-50% of conventional nitrogen, and tightening usage caps in the EU. While farmers value the granules for their low dust content in mechanized seeders, the allure of controlled-release and inhibitor-coated products, bolstered by subsidy support, has moderated the market's expansion.

In 2025, industrial-grade granules occupied a smaller market share but are on track to grow at a 2.31% CAGR. This growth is driven by demand from formaldehyde-based wood composites, melamine feed, and selective catalytic reduction reagents, all of which require consistently sized, low-biuret granules. The industrial sector's adoption of these granules not only insulates producers from the volatility of farm subsidies but also allows them to maintain a pricing premium of 15-25%.

Geography Analysis

Asia-Pacific commanded 45.22% of global volume in 2025, and leads growth at a 2.19% CAGR. China's temporary export quotas stabilize domestic supply, while India's imports rose 13% in 2025 despite subsidy-budget constraints. Australia set an import record at 3.35 million tons in the first eight months of 2024 after local plant closures, illustrating how weather and capacity outages quickly swing regional trade flows.

North America benefits from low-cost shale gas, enabling globally competitive FOB costs that underpin exports to Latin America. CF Industries alone holds roughly 42% of regional granulation capacity and achieved USD 2.28 billion adjusted EBITDA in 2024. The United States also pilots carbon-capture projects attached to existing ammonia-urea lines, positioning the region to sell low-carbon products into premium markets once carbon-footprint labeling standards formalize.

Europe faces twin hurdles of elevated energy prices and tightening environmental caps. High gas costs forced ammonia production curtailments equal to 2.9 million tons of urea in 2024, prompting imports from Algeria, Egypt, and Qatar despite looming CBAM tariffs. Eastern Europe, especially Poland and Romania, retains cost advantages from pipeline gas access, partially offsetting Western shutdowns.

South America, led by Brazil and Argentina, continues rapid farmland conversion as rail and port build-outs compress inland basis values. The region's urea demand grows 2.6% annually, slightly above the global granular urea market CAGR. Middle East and Africa leverage abundant natural gas, with Saudi Arabia and Qatar exporting nearly one-third of global seaborne urea while Egypt ramps domestic consumption through irrigation megaprojects.

1. Acron
2. BASF
3. CF Industries Holdings, Inc.
4. Dangote Fertiliser Limited.
5. EuroChem Group
6. Grupa Azoty S.A.
7. IFFCO
8. Indorama Corporation
9. Koch Fertilizer, LLC.
10. Nutrien
11. OCI
12. PETRONAS Chemicals Group Berhad
13. PhosAgro Group
14. SABIC
15. Uralchem
16. Qatar Fertiliser Company (QAFCO)
17. Yara

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

TABLE OF CONTENTS

1 Introduction

• 1.1 Study Assumptions and Market Definition
• 1.2 Scope of the Study

2 Research Methodology

3 Executive Summary

4 Market Landscape

• 4.1 Market Overview
• 4.2 Market Drivers
  • 4.2.1 Rising demand for nitrogen fertilizers
  • 4.2.2 Government subsidies and fertilizer support programs
  • 4.2.3 Shift to granular over prilled urea for better handling
  • 4.2.4 Automated bulk-blending facilities favour dust-free granules
  • 4.2.5 Digital ag-marketplaces enabling micro-batch procurement
• 4.3 Market Restraints
  • 4.3.1 Volatile natural-gas and ammonia feed-stock costs
  • 4.3.2 Tightening regulations on nitrate runoff and eutrophication
  • 4.3.3 European Union quotas mandating enhanced-efficiency urea share
• 4.4 Value Chain Analysis
• 4.5 Porter's Five Forces
  • 4.5.1 Threat of New Entrants
  • 4.5.2 Bargaining Power of Buyers
  • 4.5.3 Bargaining Power of Suppliers
  • 4.5.4 Threat of Substitutes
  • 4.5.5 Degree of Competition

5 Market Size and Growth Forecasts (Volume)

• 5.1 By Grade
  • 5.1.1 Agricultural Grade
  • 5.1.2 Industrial Grade
• 5.2 By Application
  • 5.2.1 Agriculture
    • 5.2.1.1 Cereals and Grains
    • 5.2.1.2 Fruits and Vegetables
    • 5.2.1.3 Oilseeds and Pulses
    • 5.2.1.4 Other Agricultural Applications
  • 5.2.2 Industrial
    • 5.2.2.1 Adhesives and Resins
    • 5.2.2.2 Chemicals
    • 5.2.2.3 Other Industrial Applications
• 5.3 By Geography
  • 5.3.1 Asia-Pacific
    • 5.3.1.1 China
    • 5.3.1.2 Japan
    • 5.3.1.3 India
    • 5.3.1.4 South Korea
    • 5.3.1.5 ASEAN Countries
    • 5.3.1.6 Rest of Asia-Pacific
  • 5.3.2 North America
    • 5.3.2.1 United States
    • 5.3.2.2 Canada
    • 5.3.2.3 Mexico
  • 5.3.3 Europe
    • 5.3.3.1 Germany
    • 5.3.3.2 United Kingdom
    • 5.3.3.3 France
    • 5.3.3.4 Italy
    • 5.3.3.5 Spain
    • 5.3.3.6 Russia
    • 5.3.3.7 NORDIC Countries
    • 5.3.3.8 Rest of Europe
  • 5.3.4 South America
    • 5.3.4.1 Brazil
    • 5.3.4.2 Argentina
    • 5.3.4.3 Rest of South America
  • 5.3.5 Middle-East and Africa
    • 5.3.5.1 Saudi Arabia
    • 5.3.5.2 South Africa
    • 5.3.5.3 Rest of Middle-East and Africa

6 Competitive Landscape

• 6.1 Market Concentration
• 6.2 Strategic Moves
• 6.3 Market Share(%)/Ranking Analysis
• 6.4 Company Profiles (includes Global Overview, Market Overview, Core Segments, Financials, Strategic Information, Products and Services, Recent Developments)
  • 6.4.1 Acron
  • 6.4.2 BASF
  • 6.4.3 CF Industries Holdings, Inc.
  • 6.4.4 Dangote Fertiliser Limited.
  • 6.4.5 EuroChem Group
  • 6.4.6 Grupa Azoty S.A.
  • 6.4.7 IFFCO
  • 6.4.8 Indorama Corporation
  • 6.4.9 Koch Fertilizer, LLC.
  • 6.4.10 Nutrien
  • 6.4.11 OCI
  • 6.4.12 PETRONAS Chemicals Group Berhad
  • 6.4.13 PhosAgro Group
  • 6.4.14 SABIC
  • 6.4.15 Uralchem
  • 6.4.16 Qatar Fertiliser Company (QAFCO)
  • 6.4.17 Yara

7 Market Opportunities and Future Outlook

• 7.1 White-space and Unmet-need Assessment