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Urea Market size is set to grow steadily in the projected timeline owing to its application in agriculture as fertilizer. The product is also known as carbamide and has highest nitrogen content amongst all solid nitrogenous fertilizer making it favorable agriculture utility across arable land. The product is also used to produce resin finds application in melamine synthesis, laminates, adhesives and paints. Its usage in automotive, medical, explosive, deicing, polymer and chemical industries is likely to drive urea market demand by 2025. 

Carbamide is colorless organic hygroscopic solid which is either odorless or contain hint of ammonia smell. Industrial production of carbamide takes place by dehydrating ammonium carbamate derived from reaction of ammonia and carbon dioxide. The product is made available in crystal, pill or granular form with primary application in the agriculture sector. It has tendency to form porous framework that can trap hydrocarbon compounds which can be utilized for separating mixtures and can also be used in production of aviation fuel and lubricating oil. 

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Carbamide finds application in agriculture sector as a fertilizer owing to its property to release nitrogen into the soil. It has over 45% nitrogen content that exhibit lowest transportation cost per nitrogen nutrient. Carbamide can also be used in horticulture and irrigated crops including grain and cotton crops owing to its flexibility as it can be spread directly or mixed with water. The product can be spread through irrigation channels and sprays to achieve uniform spread. Decline in arable land for cultivation owing to rapid urbanization and industrialization would propel the demand for fertilizer for higher gains. Global nitrogenous fertilizer market is set to surpass USD 115 billion by 2024 thereby driving urea market demand. 

Urea market is poised to witness substantial growth owing to its application in controlling air pollution by the selective catalytic reaction process. Diesel engine running at higher temperatures helps to react nitrogen and oxygen to form nitric oxide, a greenhouse gas. Water solution of the carbamide is injected into hot engine exhaust decomposing into ammonia and carbon dioxide. Ammonia derived from carbamide is reacted with nitic oxide to produce nitrogen which dilute the effect of global warming. Blue Tec technology by Daimler AG utilizes this process to equip heavy diesel vehicles including lorries, busses following vehicular emission norms. The vehicles are fitted with urea tanks and engines are equipped for advanced NOX reduction. Strict government norms applicable to vehicular emission combined with rapidly expanding automobile industry is likely to fuel urea market share. Global automotive catalytic reactor market is poised to reach USD 270 billion by 2024 which may boost carbamide market size. 

Urea market size is anticipated to witness gains owing to its usage in treatment of nail problems and dry or rough skin conditions including psoriasis, eczema, callus and corns. The product is a known keratolytic which increases moisture in the skin and can be used to heal wounds and remove dead tissue while keeping water in the skin, thus stimulating product demand in forecast timeline. 

The product is mixed with compounds including carbon 14 and carbon 15 which finds utilization in medical application. It can be used for blood urea nitrogen test to measure content and determine presence of Helicobacter Pylori bacteria presence in human stomach. Growing spending in healthcare and medical infrastructure by government is likely to boost pharmaceutical market size, thereby driving carbamide demand. Global skincare and dermatology market size is anticipated to surpass USD 90 billion by 2028, thus further propelling urea market revenue. 

Product usage in resins, adhesives explosives and chemical feedstock along with application as stabilizer in nitrocellulose explosives & cloud seeding agent is likely to foster industry growth. The product act as a component in animal feed, plankton nutrient and fire extinguishers owing to its high nitrogen content. It is an ingredient in many commercial products including dish soap, teeth whiteners, cigarette, pretzels and hair removers. Cosmetic utilization of product includes hair conditioners, skin softener, bath oils and lotions. These factors are likely to stimulate industry growth in forecast timeframe. 

Product manufacturing can lead to environmental issues pertaining to leakage of ammonia in air or water owing to improper plant maintenance which could lead to health hazard. Exposure of the product could lead to skin irritation including redness itching and pain. Chronic exposure could lead to moderate emphysema, weight loss and high incidence protein metabolism. These factors are likely to affect industry profitability in projected timeframe. 

North America led by Mexico, Canada and the U.S. urea market size is poised to grow steadily in the projected timeframe owing to its application in agriculture, medical care and cosmetics. The U.S. has the highest health care spending per capita and would positively influence market growth. U.S. dermatology market is poised to surpass USD 20 billion by 2028, thus driving regional product demand. 

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Europe led by Spain, UK, France and Germany market is set to grow steadily within the projected timeframe. Stringent environmental norms regarding vehicle production along with growth of automobile catalytic reactor technologies using carbamide concentration is likely to favor industry growth by 2025. 

Asia Pacific led by Japan, India and China urea market is anticipated to grow significantly owing to growing demand from agriculture sector. Rapid urbanization and growing industrialization has led to land constraints for agriculture. Growing demand for fertilizer to generate high yield and ease of use would foster regional market growth. 

Global Urea market is consolidated with limited players in the market. Major players include Yara, Potash Corp, Acron, Jiangsu Sanmu, Agrium, BIP, Chemiplastica, CNPC, Euro Chem, OCI Nitrogen, BASF SE, KBR Inc., Petrobras, QAFCO, CF Industries, SABIC and Koch Fertilizer. 

 Urea Market, By Grade, 2014-2025 (Tons) (USD Million)

• Technical
• Grade B
• Grade C
• Urea Market, By Application, 2014-2025 (Tons) (USD Million)
• Nitrogenous Fertilizer
• Stabilizing Agent
• Keratolyte
• Resin
• Others

 Urea Market, By End-Use, 2014-2025 (Tons) (USD Million)

• Fertilizer
• Automotive
• Explosive
• Skincare
• Medical
• Pharmaceutical
• Cosmetics
• Others

The above information is provided for the following regions and countries:

• North America
• U.S.
• Canada
• Mexico
• Europe
• Germany
• UK
• France
• Italy
• Spain
• Asia Pacific
• China
• Japan
• India
• South Korea
• Malaysia
• Latin America
• Brazil
• Middle East & Africa
• South Africa
• Saudi Arabia
• UAE

Company Profiles:

• Yara
• Potash Corp
• Acron
• Jiangsu Sanmu
• Agrium
• BIP
• Chemiplastica
• CNPC
• Euro Chem
• OCI Nitrogen,
• BASF SE
• KBR Inc.
• Petrobras
• QAFCO
• CF Industries
• SABIC
• Koch Fertilizer Teijin

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