Granular urea is a solid nitrogen fertilizer product with 46% nitrogen content. Urea is manufactured by combining carbon dioxide and ammonia. Ammonia and carbon dioxide are heated together at 450 K and 200 Atmospheric pressure. The reaction generates ammonium carbamate, which decomposes to form urea. The granules of urea are made by passing liquid urea through a fluid bed granulation system. A stabilizing compound, formaldehyde, is added to granular urea to reduce its critical humidity and improves its storage and handling properties. Granular urea’s major application is found in agriculture and polymer industry. It is also used in diesel engines of cars, lorries, and buses for reducing air pollution. Apart from these applications, it is also used as a cattle feed supplement.
Market Dynamics
Key initiatives taken by governments in emerging economies such as India for promotion of granular urea is expected to boost market growth of granular urea over the forecast period. For instance, in 2020, Ministry of Chemicals & Fertilizers of India, made it mandatory for all domestic manufacturers of urea to produce 100% neem coated urea (NCU). The decision was taken to boost growth of wheat and paddy crops, and curb the black marketing and hoarding of urea.
Key players operating in the granular urea market are focusing on various strategies such as mergers & acquisitions in order to increase their market presence.
Key features of the study:
- This report provides in-depth analysis of the global granular urea market and provides market size (US$ Billion & Kilo Tons) and compound annual growth rate (CAGR %) for the forecast period (2023-2030), considering 2022 as the base year
- It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the global granular urea market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
- Key companies covered as a part of this study include CF Industries Holdings, Inc., Yara International ASA, Saudi Arabian Fertilizer Company, Nutrien Ltd., Ostchem Holding, EuroChem Group, Bunge Limited, CVR Partners LP, Luxi Chemical Group Co., Ltd., and Coromandel International Ltd.
- Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future product launches, technology upgradation, market expansion, and marketing tactics
- The global granular urea market report caters to various stakeholders in this industry including investors, suppliers, granular urea manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the granular urea market
Detailed Segmentation:
- Global Granular Urea Market, By Product Type:
- Fertilizer Grade
- Feed Grade
- Technical Grade
- Global Granular Urea Market, By Application:
- Agriculture
- Chemical
- Building and Construction
- Others
- Global Granular Urea Market, By Region:
- North America
- Europe
- U.K.
- Germany
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- ASEAN
- Australia
- South Korea
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East
- GCC
- Israel
- Rest of Middle East
- Africa
- North Africa
- Central Africa
- South Africa
- Company Profiles
- CF Industries Holdings, Inc. *
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments
- Future Plans
- Yara International ASA
- Saudi Arabian Fertilizer Company
- Nutrien Ltd.
- Ostchem Holding
- EuroChem Group
- Bunge Limited
- CVR Partners LP
- Luxi Chemical Group Co., Ltd.
- Coromandel International Ltd.
“*” marked represents similar segmentation in other categories in the respective section.
