尿素市場 – 2029年までの世界予測

Urea Market - Global Forecast To 2029

尿素市場 - グレード (農業、工業、飼料、医療)、製品タイプ (顆粒、丸粒)、最終用途産業 (農業、化学、自動車、医療)、用途、技術、地域別 - 2029年までの世界予測
Urea Market by Grade (Agricultural, Technical, Feed, Medical), Product Type (Granular, Prilled), End-Use Industry (Agriculture, Chemical, Automotive, Medical), Application, Technology & Region - Global Forecast to 2029

商品番号 : SMB-68473

出版社MarketsandMarkets
出版年月2024年11月
ページ数302
図表数392
価格タイプシングルユーザライセンス
価格USD 4,950
種別英文調査報告書

Report Overview

The market for urea is projected to reach USD 93.25 billion by 2029 from USD 80.25 billion in 2024, at a CAGR of 3.05% during the forecast period.

尿素市場は、予測期間中のCAGR 3.05%で、2024年の802億5,000万米ドルから2029年までに932億5,000万米ドルに達すると予測されています。

The global urea market is expected to expand further in the future with growing applications across various sectors which include nitrogenous fertilizers, melamine production, additives for cattle feed, diesel exhaust fluid, and other applications including stabilizing agents, keratolytes, etc. Urea is a highly soluble nitrogen fertilizer, quite valued for its high content of nitrogen and its efficiency in the promotion of plant growth. The major sector involves agriculture, where urea is used as an essential nitrogen fertilizer contributing to higher crop yield and food security. From increasing agricultural production to promoting sustainability in the many industries involved, urea has been an essential component in addressing such global concerns as food security, environmental sustainability, and health care. With the growth of human populations and the need for higher agricultural productivity to meet the requirements of food security, urea plays a vital input role in increasing crop yields. Although urea is one of the most important fertilizers meant for the enhancement of growth, its effectiveness sometimes goes down the drain because of nitrogen volatilization, an effect that not only poses a threat to agricultural productivity but also environmental risks, such as air pollution and water pollution, and many more effects.

尿素市場 - 2029年までの世界予測
urea-market-Overview

“Agricultural Grade is the largest segment in the urea market by grade”

Agricultural grade urea is one of the top varieties in the urea market, with about 46% nitrogen. It is used as an all-purpose growth stimulant for plants which, being made by an ammonium-carbon dioxide reaction, may come in a granular or prilled form to accommodate most applications of agriculture. Its particular quality standards include low levels of aldehyde, biuret, and moisture to ensure an effective nutrient supply, leading to high-yield crops, which leads to better food security. Various drivers support the production of agricultural grade urea, with growth in the global population to meet the growing food supply need and produce more yields using effective fertilizers. Increased flexibility from different crops to have a favorable and slow release of nutrients by making them compatible with other fertilizers makes them suitable for tailored nutrient management supporting agricultural grade urea.

“Nitrogenous fertilizers is the largest segment by applications in the urea market”

One of the most commonly used nitrogenous fertilizers worldwide is urea, which contains almost 46% nitrogen and plays an important role in enhancing agricultural productivity and, therefore food security. Urea is highly soluble in water as well, but easy to apply either as a granule, prilled, pastille, or as dissolved liquid forms. Over 90 percent of the world’s urea production is sold as a nitrogen-releasing fertilizer. Urea is used in every type of agriculture for growing all types of crops, such as cereals (wheat, rice, corn), oilseeds (soybeans, canola), fruits, and vegetables. Government initiatives and subsidies in developing countries combined with the easy availability of fertilizers further strengthen this trend. Commercialization of agriculture coupled with advances in agricultural technology has increased the need for nitrogenous fertilizers to better crop production.

“Asia Pacific is the largest segment in the urea market by region”

For the urea market, APAC is the leading region. This surge can be attributed to the expanding population and urbanization processes. The growth of the urea market in the Asia-Pacific region is driven by several key factors, these include rising agricultural demand due to population increase, government encouragement and subsidies of fertilizer, and adaptation of modern farming practices for optimization in nutrient management. The potential scope of industrial application in the automotive industry, animal feed, and chemical production among others gives the use of urea a wider market expansion. Consequently, rapid urbanization compels accelerated food production capabilities, and therefore, urea continues to be an essential feedstock responding to regional food security needs while facilitating agricultural economic development in the region.

尿素市場 - 2029年までの世界予測 region
urea-market-Region

Extensive primary interviews were conducted to determine and verify the market size for several segments and sub-segments and the information gathered through secondary research.

The break-up of primary interviews is given below:

  • By Department: Tier 1: 40%, Tier 2: 25%, and Tier 3: 35%
  • By Designation: C Level: 35%, Director Level: 30%, and Executives: 35%
  • By Region: North America: 25%, Europe: 45%, Asia Pacific: 20%, South America: 5%, Middle East & Africa 5%

Companies Covered: CF Industries Holdings, Inc. (US), Pupuk Indonesia (Persero) (Indonesia),  Yara International ASA (Norway), SABIC (Saudi Arabia), OCI (Netherlands), Nutrien (Canada), EuroChem Group (Switzerland), Qatar Fertiliser Company (Qatar), BASF SE (Germany), CNPC (China), IFFCO (India), PT Pupuk Sriwidjaja Palembang (Pusri) (Indonesia),  Fertiberia (Spain), Ravensdown (New Zealand), Dubi Chem Marine International (UAE),  Gujarat State Fertilizers & Chemicals Limited (GSFC) (India), GROUP DF (Ukraine) among others in the urea market.

尿素市場 - 2029年までの世界予測 ecosystem
urea-market-Ecosystem

Research Coverage

The market study covers the urea market across various segments. It aims to estimate the market size and the growth potential of this market across different segments based on product type, grade, application, technology, endues industry, and region. The study also includes an in-depth competitive analysis of key players in the market, their company profiles, key observations related to their products and business offerings, recent developments undertaken by them, and key growth strategies adopted by them to improve their position in the urea market.

Key Benefits of Buying the Report

The report is expected to help the market leaders/new entrants in this market share the closest approximations of the revenue numbers of the overall urea market and its segments and sub-segments. This report is projected to help stakeholders understand the competitive landscape of the market, gain insights to improve the position of their businesses, and plan suitable go-to-market strategies. The report also aims to help stakeholders understand the pulse of the market and provides them with information on the key market drivers, challenges, and opportunities.

The report provides insights on the following pointers:

  • Analysis of key drivers (, Increasing demand from nitrogenous fertilizers, Supporting government initiatives in some regions, and Adoption of sustainable practices), restraints (Raw material price fluctuations, and Competition from alternatives), opportunities (Growing demand in emerging markets, and Nano Urea: A growing market opportunity), challenges (Supply chain disruptions, and Environmental and energy challenges in urea manufacturing).
  • Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the urea market
  • Market Development: Comprehensive information about lucrative markets – the report analyses the urea market across varied regions
  • Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the urea market
  • Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players like CF Industries Holdings, Inc. (US), Pupuk Indonesia (Persero) (Indonesia), Yara International ASA (Norway), SABIC (Saudi Arabia), OCI (Netherlands), Nutrien (Canada), EuroChem Group (Switzerland), Qatar Fertiliser Company (Qatar), BASF SE (Germany), CNPC (China), and IFFCO (India) among others are the top manufacturers covered in the urea market.

Table of Contents

1            INTRODUCTION            25

1.1         STUDY OBJECTIVES      25

1.2         MARKET DEFINITION   25

1.3         STUDY SCOPE  26

1.3.1      MARKETS COVERED AND REGIONAL SCOPE     26

1.3.2      INCLUSIONS AND EXCLUSIONS 27

1.3.3      YEARS CONSIDERED     28

1.3.4      CURRENCY CONSIDERED          28

1.3.5      UNITS CONSIDERED     28

1.4         STAKEHOLDERS            28

2            RESEARCH METHODOLOGY     29

2.1         RESEARCH DATA           29

2.1.1      SECONDARY DATA       30

2.1.1.1   Key data from secondary sources     30

2.1.2      PRIMARY DATA 30

2.1.2.1   Key data from primary sources         31

2.1.2.2   Key industry insights          32

2.1.2.3   Breakdown of interviews with experts            32

2.2         MARKET SIZE ESTIMATION       33

2.2.1      BOTTOM-UP APPROACH           34

2.2.2      TOP-DOWN APPROACH             34

2.3         DATA TRIANGULATION             35

2.4         FACTOR ANALYSIS        36

2.5         RESEARCH ASSUMPTIONS         36

2.6         RESEARCH LIMITATIONS           37

2.7         RISK ASSESSMENT         37

3            EXECUTIVE SUMMARY 38

4            PREMIUM INSIGHTS      43

4.1         ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN UREA MARKET              43

4.2         UREA MARKET, BY PRODUCT TYPE       43

4.3         UREA MARKET, BY GRADE         44

4.4         UREA MARKET, BY APPLICATION          44

4.5         UREA MARKET, BY TECHNOLOGY         45

4.6         UREA MARKET, BY END-USE INDUSTRY              45

4.7         UREA MARKET, BY REGION AND GRADE            46

4.8         UREA MARKET, BY COUNTRY    46

5            MARKET OVERVIEW     47

5.1         INTRODUCTION            47

5.2         MARKET DYNAMICS     47

5.2.1      DRIVERS            48

5.2.1.1   Increasing use to produce nitrogenous fertilizers          48

5.2.1.2   Supporting government initiatives in some regions      50

5.2.1.3   Adoption of sustainable practices     50

5.2.2      RESTRAINTS     50

5.2.2.1   Raw material price fluctuations        50

5.2.2.2   Competition from alternatives         52

5.2.3      OPPORTUNITIES           52

5.2.3.1   Growing demand in emerging markets           52

5.2.3.2   Growing market opportunity for nano urea    52

5.2.4      CHALLENGES   53

5.2.4.1   Supply chain disruptions    53

5.2.4.2   Environmental and energy challenges in urea manufacturing     53

6            INDUSTRY TRENDS       54

6.1         TRENDS & DISRUPTIONS IMPACTING CUSTOMER BUSINESS     54

6.1.1      TRENDS & DISRUPTION IMPACTING CUSTOMER BUSINESS       54

6.1.2      PRICING ANALYSIS        56

6.2         VALUE CHAIN ANALYSIS            58

6.3         ECOSYSTEM ANALYSIS 60

6.4         TECHNOLOGY ANALYSIS           62

6.4.1      KEY TECHNOLOGIES    62

6.4.2      COMPLEMENTARY TECHNOLOGIES     63

6.4.3      ADJACENT TECHNOLOGY         63

6.5         IMPACT OF GEN AI/AI ON UREA MARKET          64

6.6         PATENT ANALYSIS        65

6.6.1      INTRODUCTION            65

6.6.2      METHODOLOGY           65

6.6.3      UREA MARKET, PATENT ANALYSIS (2014–2023) 65

6.7         TRADE ANALYSIS          70

6.7.1      EXPORT SCENARIO (HS CODE 310210)  70

6.7.2      IMPORT SCENARIO (HS CODE 310210)  71

6.8         KEY CONFERENCES AND EVENTS IN 2024–2025 73

6.9         TARIFF AND REGULATORY LANDSCAPE            74

6.9.1      TARIFF (HS CODE: 310210)         74

6.9.2      REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS          75

6.9.3      KEY REGULATIONS       79

6.9.3.1   ISO 18642:2016 (International standard specification for urea, fertilizer grade)              79

6.9.3.2   ISO 19746:2017 (International standard for determination of urea content in urea-based fertilizers by high-performance liquid chromatography (HPLC))         79

6.9.3.3   Regulation (EC) No 1907/2006, known as REACH (Registration, Evaluation, Authorisation and Restriction of Chemicals)  79

6.9.3.4   IS 14832:2000 (Indian standard for specification of urea, Feed grade)     79

6.9.3.5   IS 1781:1975 (Indian standard for specification of urea, technical grade) 79

6.9.3.6   OSHA standards  80

6.10       PORTER’S FIVE FORCES ANALYSIS         81

6.10.1    THREAT OF NEW ENTRANTS    82

6.10.2    THREAT OF SUBSTITUTES         82

6.10.3    BARGAINING POWER OF SUPPLIERS     82

6.10.4    BARGAINING POWER OF BUYERS           83

6.10.5    INTENSITY OF COMPETITIVE RIVALRY 83

6.11       KEY STAKEHOLDERS AND BUYING CRITERIA    84

6.11.1    KEY STAKEHOLDERS IN BUYING PROCESS         84

6.11.2    BUYING CRITERIA         85

6.12       CASE STUDY ANALYSIS 86

6.12.1    MODIFIED UREA FERTILIZERS AND THEIR EFFECTS ON IMPROVING NITROGEN USE EFFICIENCY (NUE)       86

6.12.2    UREA-MOLASSES MINERAL BLOCKS: AN EFFECTIVE SUPPLEMENT FOR LIVESTOCK NUTRITION             86

6.12.3    ECONOMIC EFFECTS OF NEEM-COATED UREA ON INDIAN AGRICULTURE 87

6.13       MACROECONOMIC ANALYSIS   87

6.13.1    INTRODUCTION            87

6.13.2    GDP TRENDS AND FORECASTS 87

6.14       AGRICULTURE, FORESTRY, AND FISHING, VALUE ADDED (% OF GDP)              88

6.15       INVESTMENT AND FUNDING SCENARIO            89

7            UREA MARKET, BY GRADE         91

7.1         INTRODUCTION            92

7.2         TECHNICAL GRADE      93

7.2.1      GROWING APPLICATIONS IN MODERN INDUSTRY         93

7.3         AGRICULTURAL GRADE             93

7.3.1      ESSENTIAL FERTILIZER FOR SUSTAINABLE CROP PRODUCTION              93

7.4         FEED GRADE    94

7.4.1      REQUIRED FOR ENHANCING LIVESTOCK NUTRITION  94

7.5         MEDICAL GRADE           94

7.5.1      VERSATILE SOLUTION IN DERMATOLOGY        94

8            UREA MARKET, BY APPLICATION          95

8.1         INTRODUCTION            96

8.2         NITROGENOUS FERTILIZER      97

8.2.1      ENHANCING AGRICULTURAL EFFICIENCY AND SUSTAINABILITY              97

8.3         CATTLE FEED  97

8.3.1      BOOSTING LIVESTOCK NUTRITION      97

8.4         MELAMINE       98

8.4.1      VERSATILE APPLICATIONS FROM RESINS TO SLOW-RELEASE FERTILIZERS    98

8.5         OTHER APPLICATIONS 98

9            UREA MARKET, BY END-USE INDUSTRY              99

9.1         INTRODUCTION            100

9.2         AGRICULTURE 101

9.2.1      INCREASING USE IN MAKING NITROGENOUS FERTILIZERS FOR HIGH AGRICULTURAL PRODUCTIVITY           101

9.3         CHEMICAL        102

9.3.1      GROWING USE IN DIVERSE CHEMICAL APPLICATIONS 102

9.4         AUTOMOTIVE  102

9.4.1      NOX EMISSION REDUCTION IN AUTOMOTIVE SECTOR 102

9.5         MEDICAL          103

9.5.1      VERSATILE COMPOUND IN MEDICAL AND DERMATOLOGICAL CARE              103

9.6         OTHER END-USE INDUSTRIES  103

10          UREA MARKET, BY PRODUCT TYPE       104

10.1       INTRODUCTION            105

10.2       GRANULAR UREA          106

10.2.1    ESSENTIAL FERTILIZER FOR AGRICULTURAL PRODUCTIVITY  106

10.3       PRILLED UREA 107

10.3.1    VERSATILE APPLICATIONS AND INDUSTRIAL SIGNIFICANCE    107

10.4       OTHER PRODUCT TYPES           107

11          UREA MARKET, BY TECHNOLOGY         108

11.1       INTRODUCTION            109

11.2       STAMICARBON 110

11.2.1    EFFICIENT AND SUSTAINABLE SOLUTIONS FOR NITROGEN FERTILIZER PRODUCTION        110

11.3       SAIPEM 111

11.3.1    EFFICIENCY, SUSTAINABILITY, AND FLEXIBILITY OF ADVANCED UREA PRODUCTION TECHNOLOGY   111

11.4       TEC      111

11.4.1    ADVANCEMENTS IN FERTILIZER PRODUCTION             111

11.5       CASALE 112

11.5.1    EFFICIENCY AND SUSTAINABILITY IN AGRICULTURE   112

11.6       NIIK      112

11.6.1    ADVANCING UREA PRODUCTION WITH CUTTING-EDGE TECHNOLOGIES            112

11.7       OTHER TECHNOLOGIES            113

12          UREA MARKET, BY REGION       114

12.1       INTRODUCTION            115

12.2       ASIA PACIFIC    117

12.2.1    CHINA  122

12.2.1.1 Increased exports, sustainable agricultural practices, and economic growth              122

12.2.2    INDIA   124

12.2.2.1 Growing population and innovative solutions in urea fertilizers  124

12.2.3    INDONESIA       127

12.2.3.1 Agricultural growth and significant investments in urea production         127

12.2.4    VIETNAM          129

12.2.4.1 Driving growth through sustainable agricultural practices          129

12.2.5    JAPAN  131

12.2.5.1 Demographic changes and rapid innovation in automotive industry         131

12.2.6    REST OF ASIA PACIFIC  133

12.3       SOUTH AMERICA           135

12.3.1    BRAZIL 139

12.3.1.1 Economic growth and technological innovation           139

12.3.2    ARGENTINA      142

12.3.2.1 Impact of urea imports and tariff reforms       142

12.3.3    REST OF SOUTH AMERICA         144

12.4       NORTH AMERICA          146

12.4.1    US         150

12.4.1.1 Increasing demand from agriculture industry 150

12.4.2    CANADA            152

12.4.2.1 Supportive economic insights and research investments             152

12.4.3    MEXICO             154

12.4.3.1 Government initiatives and growth potential in agricultural activities      154

12.5       EUROPE             156

12.5.1    GERMANY         160

12.5.1.1 Economic growth boosts demand for urea      160

12.5.2    FRANCE             163

12.5.2.1 Robust urea export activity 163

12.5.3    UK         165

12.5.3.1 Agricultural dynamics and regulatory changes              165

12.5.4    ITALY   167

12.5.4.1 Growth in agricultural sector           167

12.5.5    RUSSIA 169

12.5.5.1 Growing food industry and precision agriculture          169

12.5.6    UKRAINE           171

12.5.6.1 Resurgence in agricultural demand  171

12.5.7    REST OF EUROPE           173

12.6       MIDDLE EAST & AFRICA             175

12.6.1    GCC COUNTRIES           179

12.6.1.1 Saudi Arabia        181

12.6.1.1.1            High demand for low-carbon urea   181

12.6.1.2 UAE      184

12.6.1.2.1            Innovative agricultural practices and high demand for urea        184

12.6.1.3 Rest of GCC Countries      186

12.6.2    SOUTH AFRICA 188

12.6.2.1 Interconnected role of agriculture and automotive industries     188

12.6.3    NIGERIA            190

12.6.3.1 Growing demand for urea in expanding agricultural sector         190

12.6.4    TÜRKIYE            192

12.6.4.1 Import dependency to drive market 192

12.6.5    REST OF MIDDLE EAST & AFRICA           194

13          COMPETITIVE LANDSCAPE       197

13.1       OVERVIEW        197

13.2       KEY PLAYER STRATEGIES/RIGHT TO WIN, 2019–2024     197

13.3       MARKET SHARE ANALYSIS, 2023             200

13.4       REVENUE ANALYSIS (2019–2023)             202

13.5       COMPANY VALUATION AND FINANCIAL METRICS, 2024             203

13.6       PRODUCT COMPARISON ANALYSIS       204

13.7       COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023   205

13.7.1    STARS  205

13.7.2    EMERGING LEADERS    205

13.7.3    PERVASIVE PLAYERS     205

13.7.4    PARTICIPANTS 205

13.7.5    COMPANY FOOTPRINT: KEY PLAYERS, 2023      207

13.7.5.1 Company footprint            207

13.7.5.2 Product type footprint       208

13.7.5.3 Grade type footprint          209

13.7.5.4 Application footprint         210

13.7.5.5 End-use industry footprint 211

13.7.5.6 Region footprint  212

13.8       COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023          213

13.8.1    PROGRESSIVE COMPANIES       213

13.8.2    RESPONSIVE COMPANIES          213

13.8.3    DYNAMIC COMPANIES 213

13.8.4    STARTING BLOCKS       213

13.8.5    COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2023             215

13.8.5.1 Detailed list of key startups/SMEs   215

13.8.5.2 Competitive benchmarking of key startups/SMEs        216

13.9       COMPETITIVE SCENARIO          217

13.9.1    PRODUCT LAUNCHES  217

13.9.2    DEALS  218

13.9.3    EXPANSIONS    223

14          COMPANY PROFILES    225

14.1       KEY PLAYERS   225

14.1.1    CF INDUSTRIES HOLDINGS, INC.            225

14.1.1.1 Business overview 225

14.1.1.2 Products/Solutions/Services offered 226

14.1.1.3 Recent developments         227

14.1.1.3.1            Deals     227

14.1.1.4 MnM view           227

14.1.1.4.1            Right to win         227

14.1.1.4.2            Strategic choices  227

14.1.1.4.3            Weaknesses and competitive threats 228

14.1.2    PUPUK INDONESIA (PERSERO) 229

14.1.2.1 Business overview 229

14.1.2.2 Products/Solutions/Services offered 230

14.1.2.3 Recent developments         231

14.1.2.3.1            Deals     231

14.1.2.4 MnM view           231

14.1.2.4.1            Right to win         231

14.1.2.4.2            Strategic choices  231

14.1.2.4.3            Weaknesses and competitive threats 232

14.1.3    YARA INTERNATIONAL ASA      233

14.1.3.1 Business overview 233

14.1.3.2 Products/Solutions/Services offered 234

14.1.3.3 Recent developments         235

14.1.3.3.1            Deals     235

14.1.3.3.2            Expansions          236

14.1.3.4 MnM view           237

14.1.3.4.1            Right to win         237

14.1.3.4.2            Strategic choices  237

14.1.3.4.3            Weaknesses and competitive threats 237

14.1.4    SABIC   238

14.1.4.1 Business overview 238

14.1.4.2 Products/Solutions/Services offered 239

14.1.4.3 Recent developments         240

14.1.4.3.1            Deals     240

14.1.4.4 MnM view           241

14.1.4.4.1            Right to win         241

14.1.4.4.2            Strategic choices  241

14.1.4.4.3            Weaknesses and competitive threats 242

14.1.5    OCI       243

14.1.5.1 Business overview 243

14.1.5.2 Products/Solutions/Services offered 244

14.1.5.3 Recent developments         245

14.1.5.3.1            Product launches 245

14.1.5.3.2            Deals     245

14.1.5.3.3            Expansions          246

14.1.5.4 MnM view           246

14.1.5.4.1            Right to win         246

14.1.5.4.2            Strategic choices  246

14.1.5.4.3            Weaknesses and competitive threats 247

14.1.6    NUTRIEN           248

14.1.6.1 Business overview 248

14.1.6.2 Products/Solutions/Services offered 249

14.1.6.3 Recent developments         250

14.1.6.3.1            Deals     250

14.1.6.3.2            Expansions          251

14.1.6.4 MnM view           251

14.1.6.4.1            Right to win         251

14.1.6.4.2            Strategic choices  251

14.1.6.4.3            Weaknesses and competitive threats 251

14.1.7    EUROCHEM GROUP      252

14.1.7.1 Business overview 252

14.1.7.2 Products/Solutions/Services offered 253

14.1.7.3 Recent developments         254

14.1.7.3.1            Deals     254

14.1.7.3.2            Expansions          255

14.1.7.4 MnM view           255

14.1.8    QATAR FERTILIZER COMPANY 256

14.1.8.1 Business overview 256

14.1.8.2 Products/Solutions/Services offered 257

14.1.8.3 Recent developments         257

14.1.8.3.1            Deals     257

14.1.8.4 MnM view           258

14.1.9    BASF SE              259

14.1.9.1 Business overview 259

14.1.9.2 Products/Solutions/Services offered 261

14.1.9.3 Recent developments         261

14.1.9.3.1            Product launches 261

14.1.9.3.2            Deals     262

14.1.9.3.3            Other developments          262

14.1.9.4 MnM view           263

14.1.10  CNPC    264

14.1.10.1             Business overview 264

14.1.10.2             Products/solutions/services offered 265

14.1.10.3             Recent developments         265

14.1.10.3.1          Deals     265

14.1.10.4             MnM view           265

14.1.11  IFFCO   266

14.1.11.1             Business overview 266

14.1.11.2             Products/solutions/services offered 267

14.1.11.3             Recent developments         268

14.1.11.3.1          Deals     268

14.1.11.4             MnM view           268

14.2       OTHER PLAYERS           269

14.2.1    AMERICAN PLANT FOOD CORPORATION          269

14.2.2    GREENWAY BIOTECH, INC.        270

14.2.3    GAC CHEMICAL CORPORATION             271

14.2.4    RAVENSDOWN 272

14.2.5    VINIPUL INORGANICS PVT. LTD.           273

14.2.6    GUJARAT STATE FERTILIZERS & CHEMICALS LIMITED (GSFC)  274

14.2.7    GROUP DF         275

14.2.8    FERTIBERIA      276

14.2.9    KANTO CHEMICAL CO., INC.     277

14.2.10  DUBI CHEM MARINE INTERNATIONAL 278

14.2.11  PT PUPUK SRIWIDJAJA PALEMBANG (PUSRI)     279

14.2.12  JSC TOGLIATTIAZOT (TOAZ)    280

14.2.13  ANMOL CHEMICALS PRIVATE LIMITED 281

14.2.14  GREENSTAR FERTILIZERS LIMITED       282

14.2.15  MATIX FERTILISERS AND CHEMICALS LIMITED 283

14.2.16  KOCH FERTILIZER, LLC 284

15          ADJACENT & RELATED MARKETS          285

15.1       INTRODUCTION            285

15.1.1    MARKET DEFINITION   285

15.1.2    MARKET OVERVIEW     285

15.1.3    AMMONIUM SULFATE MARKET, BY TYPE           286

15.1.4    AMMONIUM SULFATE MARKET, BY APPLICATION         286

15.1.5    AMMONIUM SULFATE MARKET, BY REGION      287

15.2       NITROGENOUS FERTILIZERS MARKET 288

15.2.1    MARKET DEFINITION   288

15.2.2    MARKET OVERVIEW     288

15.3       NITROGENOUS FERTILIZERS MARKET, BY TYPE             289

15.4       NITROGENOUS FERTILIZERS MARKET, BY CROP TYPE  290

15.5       NITROGENOUS FERTILIZERS MARKET, BY FORM            291

15.6       NITROGENOUS FERTILIZERS MARKET, BY REGION        291

16          APPENDIX         293

16.1       DISCUSSION GUIDE      293

16.2       KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL             298

16.3       AVAILABLE CUSTOMIZATIONS 300

16.4       RELATED REPORTS       300

16.5       AUTHOR DETAILS         301

LIST OF TABLES

TABLE 1             RECOMMENDED UREA APPLICATION RATES BY CROP TYPE              49

TABLE 2             NITROGEN/SULFUR ANALYSIS FOR DIFFERENT FERTILIZER TYPES  52

TABLE 3             AVERAGE PRICE TREND OF KEY PLAYERS, BY GRADE (USD/TON ), 2023           57

TABLE 4             AVERAGE PRICE TREND BY REGIONS (USD/TON)          57

TABLE 5             ECOSYSTEM OF UREA MARKET 61

TABLE 6             LIST OF PATENTS FOR UREA     66

TABLE 7             UREA MARKET: DETAILED LIST OF CONFERENCES & EVENTS, 2024–2025          73

TABLE 8             TARIFF RELATED TO HARMONIZED SYSTEM (HS CODE 310210))             74

TABLE 9             NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, INDUSTRY ASSOCIATIONS, AND OTHER ORGANIZATIONS          76

TABLE 10           EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, INDUSTRY ASSOCIATIONS, AND OTHER ORGANIZATIONS  77

TABLE 11           ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, INDUSTRY ASSOCIATIONS, AND OTHER ORGANIZATIONS  78

TABLE 12           OCCUPATIONAL EXPOSURE LIMITS (OELS)      80

TABLE 13           PORTER’S FIVE FORCES ANALYSIS         81

TABLE 14           INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS OF UREA    84

TABLE 15           KEY BUYING CRITERIA FOR UREA IN THREE END-USE INDUSTRIES      85

TABLE 16           WORLD GDP GROWTH PROJECTION, 2021–2028 (USD TRILLION)        88

TABLE 17           AGRICULTURE, FORESTRY, AND FISHING, VALUE ADDED (% OF GDP)            88

TABLE 18           UREA MARKET, BY GRADE, 2022–2029 (USD MILLION)   92

TABLE 19           UREA MARKET, BY GRADE, 2022–2029 (KILOTON)           93

TABLE 20           UREA MARKET, BY APPLICATION, 2022–2029 (USD MILLION)              96

TABLE 21           UREA MARKET, BY APPLICATION, 2022–2029 (KILOTON)              97

TABLE 22           UREA MARKET, BY END-USE INDUSTRY, 2022–2029 (USD MILLION)          100

TABLE 23           UREA MARKET, BY END-USE INDUSTRY, 2022–2029 (KILOTON)              101

TABLE 24           UREA MARKET, BY PRODUCT TYPE, 2022–2029 (USD MILLION)              105

TABLE 25           UREA MARKET, BY PRODUCT TYPE, 2022–2029 (KILOTON)              106

TABLE 26           PROPERTIES OF GRANULAR, PRILLED, AND PASTILLES UREA              106

TABLE 27           UREA MARKET, BY TECHNOLOGY, 2022–2029 (USD MILLION)              109

TABLE 28           UREA MARKET, BY TECHNOLOGY, 2022–2029 (KILOTON)              110

TABLE 29           UREA MARKET, BY REGION, 2022–2029 (USD MILLION)  116

TABLE 30           UREA MARKET, BY REGION, 2022–2029 (KILOTON)         116

TABLE 31           ASIA PACIFIC: UREA MARKET, BY COUNTRY, 2022–2029 (USD MILLION)          118

TABLE 32           ASIA PACIFIC: UREA MARKET, BY COUNTRY, 2022–2029 (KILOTON)       119

TABLE 33           ASIA PACIFIC: UREA MARKET, BY PRODUCT TYPE, 2022–2029 (USD MILLION) 119

TABLE 34           ASIA PACIFIC: UREA MARKET, BY PRODUCT TYPE, 2022–2029 (KILOTON)       119

TABLE 35           ASIA PACIFIC: UREA MARKET, BY GRADE, 2022–2029 (USD MILLION)          120

TABLE 36           ASIA PACIFIC: UREA MARKET, BY GRADE, 2022–2029 (KILOTON)       120

TABLE 37           ASIA PACIFIC: UREA MARKET, BY APPLICATION, 2022–2029 (USD MILLION) 120

TABLE 38           ASIA PACIFIC: UREA MARKET, BY APPLICATION, 2022–2029 (KILOTON)       121

TABLE 39           ASIA PACIFIC: UREA MARKET, BY END-USE INDUSTRY, 2022–2029 (USD MILLION)     121

TABLE 40           ASIA PACIFIC: UREA MARKET, BY END-USE INDUSTRY, 2022–2029 (KILOTON)             121

TABLE 41           CHINA: UREA MARKET, BY GRADE, 2022–2029 (USD MILLION)              122

TABLE 42           CHINA: UREA MARKET, BY GRADE, 2022–2029 (KILOTON)              123

TABLE 43           CHINA: UREA MARKET, BY APPLICATION, 2022–2029 (USD MILLION)          123

TABLE 44           CHINA: UREA MARKET, BY APPLICATION, 2022–2029 (KILOTON)       123

TABLE 45           CHINA: UREA MARKET, BY END-USE INDUSTRY, 2022–2029 (USD MILLION) 124

TABLE 46           CHINA: UREA MARKET, BY END-USE INDUSTRY, 2022–2029 (KILOTON)       124

TABLE 47           INDIA: UREA MARKET, BY GRADE, 2022–2029 (USD MILLION)              125

TABLE 48           INDIA: UREA MARKET, BY GRADE, 2022–2029 (KILOTON)              125

TABLE 49           INDIA: UREA MARKET, BY APPLICATION, 2022–2029 (USD MILLION)          126

TABLE 50           INDIA: UREA MARKET, BY APPLICATION, 2022–2029 (KILOTON)              126

TABLE 51           INDIA: UREA MARKET, BY END-USE INDUSTRY, 2022–2029 (USD MILLION)          126

TABLE 52           INDIA: UREA MARKET, BY END-USE INDUSTRY, 2022–2029 (KILOTON)       127

TABLE 53           INDONESIA: UREA MARKET, BY GRADE, 2022–2029 (USD MILLION)          127

TABLE 54           INDONESIA: UREA MARKET, BY GRADE, 2022–2029 (KILOTON)              128

TABLE 55           INDONESIA: UREA MARKET, BY APPLICATION, 2022–2029 (USD MILLION)          128

TABLE 56           INDONESIA: UREA MARKET, BY APPLICATION, 2022–2029 (KILOTON)       128

TABLE 57           INDONESIA: UREA MARKET, BY END-USE INDUSTRY, 2022–2029 (USD MILLION) 129

TABLE 58           INDONESIA: UREA MARKET, BY END-USE INDUSTRY, 2022–2029 (KILOTON)       129

TABLE 59           VIETNAM: UREA MARKET, BY GRADE, 2022–2029 (USD MILLION)          130

TABLE 60           VIETNAM: UREA MARKET, BY GRADE, 2022–2029 (KILOTON)              130

TABLE 61           VIETNAM: UREA MARKET, BY APPLICATION, 2022–2029 (USD MILLION)          130

TABLE 62           VIETNAM: UREA MARKET, BY APPLICATION, 2022–2029 (KILOTON)       130

TABLE 63           VIETNAM: UREA MARKET, BY END-USE INDUSTRY, 2022–2029 (USD MILLION) 131

TABLE 64           VIETNAM: UREA MARKET, BY END-USE INDUSTRY, 2022–2029 (KILOTON)       131

TABLE 65           JAPAN: UREA MARKET, BY GRADE, 2022–2029 (USD MILLION)              132

TABLE 66           JAPAN: UREA MARKET, BY GRADE, 2022–2029 (KILOTON)              132

TABLE 67           JAPAN: UREA MARKET, BY APPLICATION, 2022–2029 (USD MILLION)          132

TABLE 68           JAPAN: UREA MARKET, BY APPLICATION, 2022–2029 (KILOTON)       132

TABLE 69           JAPAN: UREA MARKET, BY END-USE INDUSTRY, 2022–2029 (USD MILLION) 133

TABLE 70           JAPAN: UREA MARKET, BY END-USE INDUSTRY, 2022–2029 (KILOTON)       133

TABLE 71           REST OF ASIA PACIFIC: UREA MARKET, BY GRADE, 2022–2029 (USD MILLION) 134

TABLE 72           REST OF ASIA PACIFIC: UREA MARKET, BY GRADE, 2022–2029 (KILOTON)       134

TABLE 73           RET OF ASIA PACIFIC: UREA MARKET, BY APPLICATION, 2022–2029 (USD MILLION)     134

TABLE 74           REST OF ASIA PACIFIC: UREA MARKET, BY APPLICATION, 2022–2029 (KILOTON)             134

TABLE 75          REST OF ASIA PACIFIC: UREA MARKET, BY END-USE INDUSTRY,

2022–2029 (USD MILLION)          135

TABLE 76          REST OF ASIA PACIFIC: UREA MARKET, BY END-USE INDUSTRY,

2022–2029 (KILOTON)   135

TABLE 77           SOUTH AMERICA: UREA MARKET, BY COUNTRY, 2022–2029 (USD MILLION) 136

TABLE 78           SOUTH AMERICA: UREA MARKET, BY COUNTRY, 2022–2029 (KILOTON)       137

TABLE 79           SOUTH AMERICA: UREA MARKET, BY PRODUCT TYPE, 2022–2029 (USD MILLION)     137

TABLE 80           SOUTH AMERICA: UREA MARKET, BY PRODUCT TYPE, 2022–2029 (KILOTON)             137

TABLE 81           SOUTH AMERICA: UREA MARKET, BY GRADE, 2022–2029 (USD MILLION)          137

TABLE 82           SOUTH AMERICA: UREA MARKET, BY GRADE, 2022–2029 (KILOTON)       138

TABLE 83           SOUTH AMERICA: UREA MARKET, BY APPLICATION, 2022–2029 (USD MILLION) 138

TABLE 84           SOUTH AMERICA: UREA MARKET, BY APPLICATION, 2022–2029 (KILOTON)       138

TABLE 85           SOUTH AMERICA: UREA MARKET, BY END-USE INDUSTRY,

2022–2029 (USD MILLION)          139

TABLE 86           SOUTH AMERICA: UREA MARKET, BY END-USE INDUSTRY, 2022–2029 (KILOTON)   139

TABLE 87           BRAZIL: UREA MARKET, BY GRADE, 2022–2029 (USD MILLION)              140

TABLE 88           BRAZIL: UREA MARKET, BY GRADE, 2022–2029 (KILOTON)              140

TABLE 89           BRAZIL: UREA MARKET, BY APPLICATION, 2022–2029 (USD MILLION)          140

TABLE 90           BRAZIL: UREA MARKET, BY APPLICATION, 2022–2029 (KILOTON)       141

TABLE 91           BRAZIL: UREA MARKET, BY END-USE INDUSTRY, 2022–2029 (USD MILLION) 141

TABLE 92           BRAZIL: UREA MARKET, BY END-USE INDUSTRY, 2022–2029 (KILOTON)       141

TABLE 93           ARGENTINA: UREA MARKET, BY GRADE, 2022–2029 (USD MILLION)          142

TABLE 94           ARGENTINA: UREA MARKET, BY GRADE, 2022–2029 (KILOTON)              142

TABLE 95           ARGENTINA: UREA MARKET, BY APPLICATION, 2022–2029 (USD MILLION)          143

TABLE 96           ARGENTINA: UREA MARKET, BY APPLICATION, 2022–2029 (KILOTON)       143

TABLE 97           ARGENTINA: UREA MARKET, BY END-USE INDUSTRY, 2022–2029 (USD MILLION)     143

TABLE 98           ARGENTINA: UREA MARKET, BY END-USE INDUSTRY, 2022–2029 (KILOTON)             144

TABLE 99           REST OF SOUTH AMERICA: UREA MARKET, BY GRADE, 2022–2029 (USD MILLION)     144

TABLE 100         REST OF SOUTH AMERICA: UREA MARKET, BY GRADE, 2022–2029 (KILOTON)             145

TABLE 101         REST OF SOUTH AMERICA: UREA MARKET, BY APPLICATION,

2022–2029 (USD MILLION)          145

TABLE 102         REST OF SOUTH AMERICA: UREA MARKET, BY APPLICATION,

2022–2029 (KILOTON)   145

TABLE 103         REST OF SOUTH AMERICA: UREA MARKET, BY END-USE INDUSTRY,

2022–2029 (USD MILLION)          146

TABLE 104         REST OF SOUTH AMERICA: UREA MARKET, BY END-USE INDUSTRY,

2022–2029 (KILOTON)   146

TABLE 105         NORTH AMERICA: UREA MARKET, BY COUNTRY, 2022–2029 (USD MILLION) 147

TABLE 106         NORTH AMERICA: UREA MARKET, BY COUNTRY, 2022–2029 (KILOTON)       147

TABLE 107         NORTH AMERICA: UREA MARKET, BY PRODUCT TYPE, 2022–2029 (USD MILLION)     147

TABLE 108         NORTH AMERICA: UREA MARKET, BY PRODUCT TYPE, 2022–2029 (KILOTON)             148

TABLE 109         NORTH AMERICA: UREA MARKET, BY GRADE, 2022–2029 (USD MILLION)          148

TABLE 110         NORTH AMERICA: UREA MARKET, BY GRADE, 2022–2029 (KILOTON)       148

TABLE 111         NORTH AMERICA: UREA MARKET, BY APPLICATION, 2022–2029 (USD MILLION) 148

TABLE 112         NORTH AMERICA: UREA MARKET, BY APPLICATION, 2022–2029 (KILOTON)       149

TABLE 113         NORTH AMERICA: UREA MARKET, BY END-USE INDUSTRY,

2022–2029 (USD MILLION)          149

TABLE 114         NORTH AMERICA: UREA MARKET, BY END-USE INDUSTRY, 2022–2029 (KILOTON)   149

TABLE 115         US: UREA MARKET, BY GRADE, 2022–2029 (USD MILLION)              150

TABLE 116         US: UREA MARKET, BY GRADE, 2022–2029 (KILOTON)    150

TABLE 117         US: UREA MARKET, BY APPLICATION, 2022–2029 (USD MILLION)          151

TABLE 118         US: UREA MARKET, BY APPLICATION, 2022–2029 (KILOTON)              151

TABLE 119         US: UREA MARKET, BY END-USE INDUSTRY, 2022–2029 (USD MILLION)          151

TABLE 120         US: UREA MARKET, BY END-USE INDUSTRY, 2022–2029 (KILOTON)       152

TABLE 121         CANADA: UREA MARKET, BY GRADE, 2022–2029 (USD MILLION)              152

TABLE 122         CANADA: UREA MARKET, BY GRADE, 2022–2029 (KILOTON)              153

TABLE 123         CANADA: UREA MARKET, BY APPLICATION, 2022–2029 (USD MILLION)          153

TABLE 124         CANADA: UREA MARKET, BY APPLICATION, 2022–2029 (KILOTON)       153

TABLE 125         CANADA: UREA MARKET, BY END-USE INDUSTRY, 2022–2029 (USD MILLION) 154

TABLE 126         CANADA: UREA MARKET, BY END-USE INDUSTRY, 2022–2029 (KILOTON)       154

TABLE 127         MEXICO: UREA MARKET, BY GRADE, 2022–2029 (USD MILLION)              155

TABLE 128         MEXICO: UREA MARKET, BY GRADE, 2022–2029 (KILOTON)              155

TABLE 129         MEXICO: UREA MARKET, BY APPLICATION, 2022–2029 (USD MILLION)          155

TABLE 130         MEXICO: UREA MARKET, BY APPLICATION, 2022–2029 (KILOTON)       155

TABLE 131         MEXICO: UREA MARKET, BY END-USE INDUSTRY, 2022–2029 (USD MILLION) 156

TABLE 132         MEXICO: UREA MARKET, BY END-USE INDUSTRY, 2022–2029 (KILOTON)       156

TABLE 133         EUROPE: UREA MARKET, BY COUNTRY, 2022–2029 (USD MILLION)          157

TABLE 134         EUROPE: UREA MARKET, BY COUNTRY, 2022–2029 (KILOTON)              158

TABLE 135         EUROPE: UREA MARKET, BY PRODUCT TYPE, 2022–2029 (USD MILLION)          158

TABLE 136         EUROPE: UREA MARKET, BY PRODUCT TYPE, 2022–2029 (KILOTON)       158

TABLE 137         EUROPE: UREA MARKET, BY GRADE, 2022–2029 (USD MILLION)              159

TABLE 138         EUROPE: UREA MARKET, BY GRADE, 2022–2029 (KILOTON)              159

TABLE 139         EUROPE: UREA MARKET, BY APPLICATION, 2022–2029 (USD MILLION)          159

TABLE 140         EUROPE: UREA MARKET, BY APPLICATION, 2022–2029 (KILOTON)       159

TABLE 141         EUROPE: UREA MARKET, BY END-USE INDUSTRY, 2022–2029 (USD MILLION) 160

TABLE 142         EUROPE: UREA MARKET, BY END-USE INDUSTRY, 2022–2029 (KILOTON)       160

TABLE 143         GERMANY: UREA MARKET, BY GRADE, 2022–2029 (USD MILLION)          161

TABLE 144         GERMANY: UREA MARKET, BY GRADE, 2022–2029 (KILOTON)              161

TABLE 145         GERMANY: UREA MARKET, BY APPLICATION, 2022–2029 (USD MILLION)          161

TABLE 146         GERMANY: UREA MARKET, BY APPLICATION, 2022–2029 (KILOTON)       162

TABLE 147         GERMANY: UREA MARKET, BY END-USE INDUSTRY, 2022–2029 (USD MILLION) 162

TABLE 148         GERMANY: UREA MARKET, BY END-USE INDUSTRY, 2022–2029 (KILOTON)       162

TABLE 149         FRANCE: UREA MARKET, BY GRADE, 2022–2029 (USD MILLION)              163

TABLE 150         FRANCE: UREA MARKET, BY GRADE, 2022–2029 (KILOTON)              163

TABLE 151         FRANCE: UREA MARKET, BY APPLICATION, 2022–2029 (USD MILLION)          164

TABLE 152         FRANCE: UREA MARKET, BY APPLICATION, 2022–2029 (KILOTON)       164

TABLE 153         FRANCE: UREA MARKET, BY END-USE INDUSTRY, 2022–2029 (USD MILLION) 164

TABLE 154         FRANCE: UREA MARKET, BY END-USE INDUSTRY, 2022–2029 (KILOTON)       165

TABLE 155         UK: UREA MARKET, BY GRADE, 2022–2029 (USD MILLION)              165

TABLE 156         UK: UREA MARKET, BY GRADE, 2022–2029 (KILOTON)   166

TABLE 157         UK: UREA MARKET, BY APPLICATION, 2022–2029 (USD MILLION)          166

TABLE 158         UK: UREA MARKET, BY APPLICATION, 2022–2029 (KILOTON)              166

TABLE 159         UK: UREA MARKET, BY END-USE INDUSTRY, 2022–2029 (USD MILLION)          167

TABLE 160         UK: UREA MARKET, BY END-USE INDUSTRY, 2022–2029 (KILOTON)       167

TABLE 161         ITALY: UREA MARKET, BY GRADE, 2022–2029 (USD MILLION)              168

TABLE 162         ITALY: UREA MARKET, BY GRADE, 2022–2029 (KILOTON)              168

TABLE 163         ITALY: UREA MARKET, BY APPLICATION, 2022–2029 (USD MILLION)          168

TABLE 164         ITALY: UREA MARKET, BY APPLICATION, 2022–2029 (KILOTON)              168

TABLE 165         ITALY: UREA MARKET, BY END-USE INDUSTRY, 2022–2029 (USD MILLION)          169

TABLE 166         ITALY: UREA MARKET, BY END-USE INDUSTRY, 2022–2029 (KILOTON)       169

TABLE 167         RUSSIA: UREA MARKET, BY GRADE, 2022–2029 (USD MILLION)              170

TABLE 168         RUSSIA: UREA MARKET, BY GRADE, 2022–2029 (KILOTON)              170

TABLE 169         RUSSIA: UREA MARKET, BY APPLICATION, 2022–2029 (USD MILLION)          170

TABLE 170         RUSSIA: UREA MARKET, BY APPLICATION, 2022–2029 (KILOTON)       170

TABLE 171         RUSSIA: UREA MARKET, BY END-USE INDUSTRY, 2022–2029 (USD MILLION) 171

TABLE 172         RUSSIA: UREA MARKET, BY END-USE INDUSTRY, 2022–2029 (KILOTON)       171

TABLE 173         UKRAINE: UREA MARKET, BY GRADE, 2022–2029 (USD MILLION)          172

TABLE 174         UKRAINE: UREA MARKET, BY GRADE, 2022–2029 (KILOTON)              172

TABLE 175         UKRAINE: UREA MARKET, BY APPLICATION, 2022–2029 (USD MILLION)          172

TABLE 176         UKRAINE: UREA MARKET, BY APPLICATION, 2022–2029 (KILOTON)       172

TABLE 177         UKRAINE: UREA MARKET, BY END-USE INDUSTRY, 2022–2029 (USD MILLION) 173

TABLE 178         UKRAINE: UREA MARKET, BY END-USE INDUSTRY, 2022–2029 (KILOTON)       173

TABLE 179         REST OF EUROPE: UREA MARKET, BY GRADE, 2022–2029 (USD MILLION)          174

TABLE 180         REST OF EUROPE: UREA MARKET, BY GRADE, 2022–2029 (KILOTON)       174

TABLE 181         REST OF EUROPE: UREA MARKET, BY APPLICATION, 2022–2029 (USD MILLION) 174

TABLE 182         REST OF EUROPE: UREA MARKET, BY APPLICATION, 2022–2029 (KILOTON)       174

TABLE 183         REST OF EUROPE: UREA MARKET, BY END-USE INDUSTRY,

2022–2029 (USD MILLION)          175

TABLE 184         REST OF EUROPE: UREA MARKET, BY END-USE INDUSTRY, 2022–2029 (KILOTON)   175

TABLE 185         MIDDLE EAST & AFRICA: UREA MARKET, BY COUNTRY, 2022–2029 (USD MILLION)     176

TABLE 186         MIDDLE EAST & AFRICA: UREA MARKET, BY COUNTRY, 2022–2029 (KILOTON)             176

TABLE 187         MIDDLE EAST & AFRICA: UREA MARKET, BY PRODUCT TYPE,

2022–2029 (USD MILLION)          177

TABLE 188         MIDDLE EAST & AFRICA: UREA MARKET, BY PRODUCT TYPE,

2022–2029 (KILOTON)   177

TABLE 189         MIDDLE EAST & AFRICA: UREA MARKET, BY GRADE, 2022–2029 (USD MILLION) 177

TABLE 190         MIDDLE EAST & AFRICA: UREA MARKET, BY GRADE, 2022–2029 (KILOTON)       177

TABLE 191         MIDDLE EAST & AFRICA: UREA MARKET, BY APPLICATION,

2022–2029 (USD MILLION)          178

TABLE 192         MIDDLE EAST & AFRICA: UREA MARKET, BY APPLICATION, 2022–2029 (KILOTON)   178

TABLE 193         MIDDLE EAST & AFRICA: UREA MARKET, BY END-USE INDUSTRY,

2022–2029 (USD MILLION)          178

TABLE 194         MIDDLE EAST & AFRICA: UREA MARKET, BY END-USE INDUSTRY,

2022–2029 (KILOTON)   179

TABLE 195         GCC COUNTRIES: UREA MARKET, BY GRADE, 2022–2029 (USD MILLION)          179

TABLE 196         GCC COUNTRIES: UREA MARKET, BY GRADE, 2022–2029 (KILOTON)       180

TABLE 197         GCC COUNTRIES: UREA MARKET, BY APPLICATION, 2022–2029 (USD MILLION) 180

TABLE 198         GCC COUNTRIES: UREA MARKET, BY APPLICATION, 2022–2029 (KILOTON)       180

TABLE 199         GCC COUNTRIES: UREA MARKET, BY END-USE INDUSTRY,

2022–2029 (USD MILLION)          181

TABLE 200         GCC COUNTRIES: UREA MARKET, BY END-USE INDUSTRY, 2022–2029 (KILOTON)   181

TABLE 201         SAUDI ARABIA: UREA MARKET, BY GRADE, 2022–2029 (USD MILLION)          182

TABLE 202         SAUDI ARABIA: UREA MARKET, BY GRADE, 2022–2029 (KILOTON)       182

TABLE 203         SAUDI ARABIA: UREA MARKET, BY APPLICATION, 2022–2029 (USD MILLION) 182

TABLE 204         SAUDI ARABIA: UREA MARKET, BY APPLICATION, 2022–2029 (KILOTON)       183

TABLE 205         SAUDI ARABIA: UREA MARKET, BY END-USE INDUSTRY,

2022–2029 (USD MILLION)          183

TABLE 206         SAUDI ARABIA: UREA MARKET, BY END-USE INDUSTRY, 2022–2029 (KILOTON)             183

TABLE 207         UAE: UREA MARKET, BY GRADE, 2022–2029 (USD MILLION)              184

TABLE 208         UAE: UREA MARKET, BY GRADE, 2022–2029 (KILOTON) 184

TABLE 209         UAE: UREA MARKET, BY APPLICATION, 2022–2029 (USD MILLION)          185

TABLE 210         UAE: UREA MARKET, BY APPLICATION, 2022–2029 (KILOTON)              185

TABLE 211         UAE: UREA MARKET, BY END-USE INDUSTRY, 2022–2029 (USD MILLION)          185

TABLE 212         UAE: UREA MARKET, BY END-USE INDUSTRY, 2022–2029 (KILOTON)       186

TABLE 213         REST OF GCC COUNTRIES: UREA MARKET, BY GRADE, 2022–2029 (USD MILLION)     186

TABLE 214         REST OF GCC COUNTRIES: UREA MARKET, BY GRADE, 2022–2029 (KILOTON)             187

TABLE 215         REST OF GCC COUNTRIES: UREA MARKET, BY APPLICATION,

2022–2029 (USD MILLION)          187

TABLE 216         REST OF GCC COUNTRIES: UREA MARKET, BY APPLICATION,

2022–2029 (KILOTON)   187

TABLE 217         REST OF GCC COUNTRIES: UREA MARKET, BY END-USE INDUSTRY,

2022–2029 (USD MILLION)          188

TABLE 218         REST OF GCC COUNTRIES: UREA MARKET, BY END-USE INDUSTRY,

2022–2029 (KILOTON)   188

TABLE 219         SOUTH AFRICA: UREA MARKET, BY GRADE, 2022–2029 (USD MILLION)          189

TABLE 220         SOUTH AFRICA: UREA MARKET, BY GRADE, 2022–2029 (KILOTON)       189

TABLE 221         SOUTH AFRICA: UREA MARKET, BY APPLICATION, 2022–2029 (USD MILLION) 189

TABLE 222         SOUTH AFRICA: UREA MARKET, BY APPLICATION, 2022–2029 (KILOTON)       189

TABLE 223         SOUTH AFRICA: UREA MARKET, BY END-USE INDUSTRY,

2022–2029 (USD MILLION)          190

TABLE 224         SOUTH AFRICA: UREA MARKET, BY END-USE INDUSTRY, 2022–2029 (KILOTON)             190

TABLE 225         NIGERIA: UREA MARKET, BY GRADE, 2022–2029 (USD MILLION)              191

TABLE 226         NIGERIA: UREA MARKET, BY GRADE, 2022–2029 (KILOTON)              191

TABLE 227         NIGERIA: UREA MARKET, BY APPLICATION, 2022–2029 (USD MILLION)          191

TABLE 228         NIGERIA: UREA MARKET, BY APPLICATION, 2022–2029 (KILOTON)       191

TABLE 229         NIGERIA: UREA MARKET, BY END-USE INDUSTRY, 2022–2029 (USD MILLION) 192

TABLE 230         NIGERIA: UREA MARKET, BY END-USE INDUSTRY, 2022–2029 (KILOTON)       192

TABLE 231         TÜRKIYE: UREA MARKET, BY GRADE, 2022–2029 (USD MILLION)              193

TABLE 232         TÜRKIYE: UREA MARKET, BY GRADE, 2022–2029 (KILOTON)              193

TABLE 233         TÜRKIYE: UREA MARKET, BY APPLICATION, 2022–2029 (USD MILLION)          193

TABLE 234         TÜRKIYE: UREA MARKET, BY APPLICATION, 2022–2029 (KILOTON)       193

TABLE 235         TÜRKIYE: UREA MARKET, BY END-USE INDUSTRY, 2022–2029 (USD MILLION) 194

TABLE 236         TÜRKIYE: UREA MARKET, BY END-USE INDUSTRY, 2022–2029 (KILOTON)       194

TABLE 237         REST OF MIDDLE EAST & AFRICA: UREA MARKET, BY GRADE,

2022–2029 (USD MILLION)          194

TABLE 238         REST OF MIDDLE EAST & AFRICA: UREA MARKET, BY GRADE,

2022–2029 (KILOTON)   195

TABLE 239         REST OF MIDDLE EAST & AFRICA: UREA MARKET, BY APPLICATION,

2022–2029 (USD MILLION)          195

TABLE 240         REST OF MIDDLE EAST & AFRICA: UREA MARKET, BY APPLICATION,

2022–2029 (KILOTON)   195

TABLE 241         REST OF MIDDLE EAST & AFRICA: UREA MARKET, BY END-USE INDUSTRY,

2022–2029 (USD MILLION)          196

TABLE 242         REST OF MIDDLE EAST & AFRICA: UREA MARKET, BY END-USE INDUSTRY,

2022–2029 (KILOTON)   196

TABLE 243         OVERVIEW OF STRATEGIES DEPLOYED BY KEY PLAYERS IN UREA MARKET, JANUARY 2019–AUGUST 2024    197

TABLE 244         UREA MARKET: DEGREE OF COMPETITION       200

TABLE 245         UREA MARKET: PRODUCT TYPE FOOTPRINT    208

TABLE 246         UREA MARKET: GRADE FOOTPRINT     209

TABLE 247         UREA MARKET: APPLICATION FOOTPRINT       210

TABLE 248         UREA MARKET: END-USE INDUSTRY FOOTPRINT          211

TABLE 249         UREA MARKET: REGION FOOTPRINT    212

TABLE 250         UREA MARKET: KEY STARTUPS/SMES   215

TABLE 251         UREA MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES           216

TABLE 252         UREA MARKET: PRODUCT LAUNCHES, JANUARY 2019–AUGUST 2024    217

TABLE 253         UREA MARKET: DEALS, JANUARY 2019–AUGUST 2024     218

TABLE 254         UREA MARKET: EXPANSIONS, JANUARY 2019–AUGUST 2024              223

TABLE 255         CF INDUSTRIES HOLDINGS, INC.: COMPANY OVERVIEW              225

TABLE 256         CF INDUSTRIES HOLDINGS, INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED   226

TABLE 257         CF INDUSTRIES HOLDINGS, INC.: DEALS, JANUARY 2019–AUGUST 2024    227

TABLE 258         PUPUK INDONESIA (PERSERO): COMPANY OVERVIEW 229

TABLE 259         PUPUK INDONESIA (PERSERO): PRODUCTS/SOLUTIONS/SERVICES OFFERED   230

TABLE 260         PUPUK INDONESIA (PERSERO): DEALS, JANUARY 2019–AUGUST 2024    231

TABLE 261         YARA INTERNATIONAL ASA: COMPANY OVERVIEW       233

TABLE 262         YARA INTERNATIONAL ASA: PRODUCTS/SOLUTIONS/SERVICES OFFERED   234

TABLE 263         YARA INTERNATIONAL ASA: DEALS, JANUARY 2019–AUGUST 2024      235

TABLE 264         YARA INTERNATIONAL ASA: EXPANSIONS, JANUARY 2019-AUGUST 2024    236

TABLE 265         SABIC: BUSINESS OVERVIEW     238

TABLE 266         SABIC: PRODUCTS/SOLUTIONS/SERVICES OFFERED     239

TABLE 267         SABIC: DEALS, JANUARY 2019–AUGUST 2024      240

TABLE 268         OCI: COMPANY OVERVIEW       243

TABLE 269         OCI: PRODUCTS/SOLUTIONS/SERVICES OFFERED        244

TABLE 270         OCI: PRODUCT LAUNCHES, JANUARY 2019–AUGUST 2024              245

TABLE 271         OCI: DEALS, JANUARY 2019–AUGUST 2024          245

TABLE 272         OCI: EXPANSIONS, JANUARY 2019–AUGUST 2024             246

TABLE 273         NUTRIEN: BUSINESS OVERVIEW             248

TABLE 274         NUTRIEN: PRODUCTS/SOLUTIONS/SERVICES OFFERED              249

TABLE 275         NUTRIEN: DEALS, JANUARY 2019–AUGUST 2024 250

TABLE 276         NUTRIEN: EXPANSIONS, JANUARY 2019–AUGUST 2024   251

TABLE 277         EUROCHEM GROUP: COMPANY OVERVIEW      252

TABLE 278         EUROCHEM GROUP: PRODUCTS/SOLUTIONS/SERVICES OFFERED          253

TABLE 279         EUROCHEM GROUP: DEALS, JANUARY 2019–AUGUST 2024              254

TABLE 280         EUROCHEM GROUP: EXPANSIONS, JANUARY 2019–AUGUST 2024      255

TABLE 281         QATAR FERTILIZER COMPANY: COMPANY OVERVIEW  256

TABLE 282         QATAR FERTILISER COMPANY: PRODUCTS/SOLUTIONS/SERVICES OFFERED   257

TABLE 283         QATAR FERTILISER COMPANY: DEALS, JANUARY 2019–AUGUST 2024    257

TABLE 284         BASF SE: COMPANY OVERVIEW 259

TABLE 285         BASF SE: PRODUCTS/SOLUTIONS/SERVICES OFFERED 261

TABLE 286         BASF SE: PRODUCT LAUNCHES, JANUARY 2019–AUGUST 2024              261

TABLE 287         BASF SE: DEALS, JANUARY 2019–AUGUST 2024   262

TABLE 288         BASF SE: OTHER DEVELOPMENTS, JANUARY 2019–AUGUST 2024      262

TABLE 289         CNPC: COMPANY OVERVIEW    264

TABLE 290         CNPC: PRODUCTS/SOLUTIONS/SERVICES OFFERED     265

TABLE 291         CNPC: DEALS, JANUARY 2019–AUGUST 2024       265

TABLE 292         IFFCO: COMPANY OVERVIEW   266

TABLE 293         IFFCO: PRODUCTS/SOLUTIONS/SERVICES OFFERED    267

TABLE 294         IFFCO: DEALS, JANUARY 2019–AUGUST 2024      268

TABLE 295         AMERICAN PLANT FOOD CORPORATION: COMPANY OVERVIEW        269

TABLE 296         GREENWAY BIOTECH, INC.: COMPANY OVERVIEW        270

TABLE 297         GAC CHEMICAL CORPORATION: COMPANY OVERVIEW              271

TABLE 298         RAVENSDOWN: COMPANY OVERVIEW  272

TABLE 299         VINIPUL INORGANICS PVT. LTD.: COMPANY OVERVIEW              273

TABLE 300         GUJARAT STATE FERTILIZERS & CHEMICALS LIMITED (GSFC): COMPANY OVERVIEW  274

TABLE 301         GROUP DF: COMPANY OVERVIEW         275

TABLE 302         FERTIBERIA: COMPANY OVERVIEW       276

TABLE 303         KANTO CHEMICAL CO., INC.: COMPANY OVERVIEW      277

TABLE 304         DUBI CHEM MARINE INTERNATIONAL: COMPANY OVERVIEW              278

TABLE 305         PT PUPUK SRIWIDJAJA PALEMBANG (PUSRI): COMPANY OVERVIEW        279

TABLE 306         JSC TOGLIATTIAZOT (TOAZ): COMPANY OVERVIEW    280

TABLE 307         ANMOL CHEMICALS PRIVATE LIMITED: COMPANY OVERVIEW              281

TABLE 308         GREENSTAR FERTILIZERS LIMITED: COMPANY OVERVIEW              282

TABLE 309         MATIX FERTILISERS AND CHEMICALS LIMITED: COMPANY OVERVIEW        283

TABLE 310         KOCH FERTILIZER, LLC 284

TABLE 311         AMMONIUM SULFATE MARKET, BY TYPE, 2022–2029 (USD MILLION)          286

TABLE 312         AMMONIUM SULFATE MARKET, BY TYPE, 2022–2029 (KILOTON)       286

TABLE 313         AMMONIUM SULFATE MARKET, BY APPLICATION, 2022–2029 (USD MILLION) 286

TABLE 314         AMMONIUM SULFATE MARKET, BY APPLICATION, 2022–2029 (KILOTON)       287

TABLE 315         AMMONIUM SULFATE MARKET, BY REGION, 2022–2029 (USD MILLION)          287

TABLE 316         AMMONIUM SULFATE MARKET, BY REGION, 2022–2029 (KILOTON)       288

TABLE 317         NITROGENOUS FERTILIZERS MARKET, BY TYPE, 2014–2022 (USD BILLION) 289

TABLE 318         NITROGENOUS FERTILIZERS MARKET, BY TYPE, 2014–2022 (KILOTON)       289

TABLE 319         NITROGENOUS FERTILIZERS MARKET, BY CROP TYPE, 2014–2022 (USD BILLION)      290

TABLE 320         NITROGENOUS FERTILIZERS MARKET, BY CROP TYPE, 2014–2022 (KILOTON)             290

TABLE 321         NITROGENOUS FERTILIZERS MARKET, BY FORM, 2014–2022 (USD BILLION) 291

TABLE 322         NITROGENOUS FERTILIZERS MARKET, BY FORM, 2014–2022 (KILOTON)       291

TABLE 323         NITROGENOUS FERTILIZERS MARKET, BY REGION, 2014–2022 (USD THOUSAND)        291

TABLE 324         NITROGENOUS FERTILIZERS MARKET, BY REGION, 2014–2022 (KILOTON)       292

LIST OF FIGURES

FIGURE 1           UREA MARKET SEGMENTATION AND REGIONAL SCOPE              26

FIGURE 2           UREA MARKET: RESEARCH DESIGN       29

FIGURE 3           MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH       34

FIGURE 4           MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH       34

FIGURE 5           UREA MARKET: DATA TRIANGULATION            35

FIGURE 7           GRANULAR UREA TO REMAIN LARGEST TYPE SEGMENT              39

FIGURE 8           AGRICULTURAL GRADE UREA TO DOMINATE MARKET DURING FORECAST PERIOD     39

FIGURE 9           NITROGENOUS FERTILIZERS APPLICATION TO COMMAND UREA MARKET 40

FIGURE 10         STAMICARBON TECHNOLOGY TO BE LARGEST SEGMENT              40

FIGURE 11         AGRICULTURE INDUSTRY TO DOMINATE UREA MARKET              41

FIGURE 12         ASIA PACIFIC ACCOUNTED FOR LARGEST SHARE IN UREA MARKET            41

FIGURE 13         ASIA PACIFIC TO GROW AT HIGH CAGR DURING FORECAST PERIOD              43

FIGURE 14         GRANULAR UREA TO LEAD DURING FORECAST PERIOD              43

FIGURE 15         AGRICULTURAL GRADE TO BE FASTEST-GROWING SEGMENT DURING FORECAST PERIOD     44

FIGURE 16         NITROGENOUS FERTILIZERS TO DOMINATE MARKET DURING FORECAST PERIOD       44

FIGURE 17         STAMICARBON REGISTERED LARGEST MARKET SHARE              45

FIGURE 18         AGRICULTURE INDUSTRY TO DOMINATE MARKET DURING FORECAST PERIOD       45

FIGURE 19         ASIA PACIFIC AND AGRICULTURAL GRADE LED THEIR RESPECTIVE SEGMENTS IN UREA MARKET IN 2023         46

FIGURE 20         UREA MARKET IN INDIA TO GROW AT HIGHEST CAGR 46

FIGURE 21         DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES IN UREA MARKET          48

FIGURE 22         WORLD FERTILIZER CONSUMPTION- HISTORICAL TRENDS              49

FIGURE 23         NATURAL GAS SPOT PRICE (USD PER MILLION BTU)    51

FIGURE 24         PRICE TREND OF UREA (USD/TON)      51

FIGURE 25         REVENUE SHIFT FOR UREA MANUFACTURERS 56

FIGURE 26         AVERAGE SELLING PRICE TREND OF KEY PLAYERS, BY GRADE              56

FIGURE 27         AVERAGE SELLING PRICE TREND, BY REGION (USD/TON)              57

FIGURE 28         UREA MARKET: VALUE CHAIN ANALYSIS            58

FIGURE 29         UREA MARKET: ECOSYSTEM MAPPING 60

FIGURE 30         GLOBAL AI ADOPTION, 2023     65

FIGURE 31         LIST OF MAJOR PATENTS FOR UREA (2014–2023)            66

FIGURE 32         COUNTRY-WISE EXPORT DATA FOR HS CODE 310210 (USD MILLION)          70

FIGURE 33         COUNTRY-WISE IMPORT SCENARIO FOR HS CODE 310210 (USD MILLION)          71

FIGURE 34         COUNTRY-WISE EXPORT DATA FOR HS CODE 310280 (USD MILLION)          72

FIGURE 35         COUNTRY-WISE IMPORT DATA FOR HS CODE 310280 (USD MILLION)          72

FIGURE 36         UREA MARKET: PORTER’S FIVE FORCES ANALYSIS         81

FIGURE 37         INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS 84

FIGURE 38         KEY BUYING CRITERIA FOR END-USE INDUSTRIES        85

FIGURE 39         INVESTMENT AND FUNDING SCENARIO            90

FIGURE 40         AGRICULTURAL GRADE SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE DURING FORECAST PERIOD 92

FIGURE 41         NITROGENOUS FERTILIZERS SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE DURING FORECAST PERIOD 96

FIGURE 42         AGRICULTURE SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE DURING FORECAST PERIOD    100

FIGURE 43         GRANULAR UREA SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE DURING FORECAST PERIOD    105

FIGURE 44         STAMICARBON SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE DURING FORECAST PERIOD    109

FIGURE 45         INDIA AND CHINA EMERGING AS STRATEGIC LEADERS IN UREA MARKET 115

FIGURE 46         ASIA PACIFIC TO BE FASTEST-GROWING MARKET FOR UREA DURING FORECAST PERIOD     116

FIGURE 47         ASIA PACIFIC: UREA MARKET SNAPSHOT           118

FIGURE 48         SOUTH AMERIA: UREA MARKET SNAPSHOT      136

FIGURE 49         CARBON FOOTPRINT OF FERTILIZER PRODUCTION     157

FIGURE 50         UREA MARKET: MARKET SHARE ANALYSIS        200

FIGURE 51         UREA MARKET: REVENUE ANALYSIS OF KEY COMPANIES IN LAST FIVE YEARS           202

FIGURE 52         COMPANY VALUATION (USD BILLION), 2024    203

FIGURE 53         FINANCIAL MATRIX: EV/EBITDA RATIO, 2024    203

FIGURE 54         PRODUCT COMPARISON           204

FIGURE 55         UREA MARKET: COMPANY EVALUATION MATRIX (KEY PLAYERS), 2023 206

FIGURE 56         UREA MARKET: COMPANY FOOTPRINT 207

FIGURE 57         UREA MARKET: COMPANY EVALUATION MATRIX (STARTUPS/SMES), 2023             214

FIGURE 58         CF INDUSTRIES HOLDINGS, INC.: COMPANY SNAPSHOT              226

FIGURE 59         PUPUK INDONESIA (PERSERO): COMPANY SNAPSHOT 230

FIGURE 60         YARA INTERNATIONAL ASA: COMPANY SNAPSHOT       234

FIGURE 61         SABIC: COMPANY SNAPSHOT   239

FIGURE 62         OCI: COMPANY SNAPSHOT       244

FIGURE 63         NUTRIEN: COMPANY SNAPSHOT           249

FIGURE 64         EUROCHEM GROUP: COMPANY SNAPSHOT      253

FIGURE 65         QATAR FERTILIZER COMPANY: COMPANY SNAPSHOT 256

FIGURE 66         BASF SE: COMPANY SNAPSHOT 260

FIGURE 67         CNPC: COMPANY SNAPSHOT    264

FIGURE 68         IFFCO: COMPANY SNAPSHOT   266