GRANULAR UREA MARKET ANALYSIS

Granular Urea Market, By Application (Agriculture, Chemical, Building and Construction, Others), By Product Type (Fertilizer Grade, Feed Grade, Technical Grade), By Region (North America, Latin America, Europe, Middle East & Africa, and Asia Pacific)

Published In : May 2023
Code : CMI3709
Pages :180
Formats :
Excel and PDF
Industry : Bulk Chemicals

Granular Urea MarketSize and Trends

The global granular urea market was valued at US$ 39.04 billion in 2022 and is expected to register a CAGR of 4.9 %, in terms of revenue over the forecast period (2023-2030).

By Application

Among application, in 2022, agriculture segment accounted for the largest market share of 87%, in terms of revenue in the global granular urea market. This is attributed to increasing crop production across the globe, which is expected to drive demand for fertilizers, and this is further expected to drive demand for granular urea over the forecast period.