Global Urea report from Global Insight Services is the single authoritative source of intelligence on Urea market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters’ and PESTLE analysis. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
Urea is an important fertilizer because it contains nitrogen, which is essential for plant growth. Nitrogen is a key component of chlorophyll, which is responsible for photosynthesis. Urea is also relatively inexpensive and easy to transport and store.
Urea technology is a process that produces urea from ammonium and carbon dioxide. The process involves the reaction of ammonium with carbon dioxide to form urea and water. The urea is then purified and sold as a fertilizer.
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Market Segments
By Grade
- Fertilizer
- Feed
- Technical
By End-User Industry
- Agriculture
- Chemical
- Automotive
- Medical
- Others
Key Players
- BASF SE
- BIP
- EuroChem Group AG
- Jiangsu Sanmu Group
- Koch Fertilizer
- OCI N.V.
- Qatar Fertiliser Company
- Yara International ASA
- CF Industries Holdings, Inc.
- Agrium Inc.
- The Mosaic Company
- Potash Corporation of Saskatchewan Inc.
- Incitec Pivot Limited
- K+S AG
- Terra Nitrogen Company, L.P.
- China National Chemical Corporation
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Key Drivers
The urea market is driven by a number of factors, including the growing global population and the need for increased food production, the continued use of urea as a key ingredient in nitrogen-based fertilizers, and the use of urea in a number of other industrial applications.
The growing population and the need for increased food production are the main drivers of the urea market. The world population is projected to reach 9.8 billion by 2050, and the demand for food is expected to increase by 70% over the same period. This will require a significant increase in agricultural production, which will in turn drive demand for urea.
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