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Urea Market to Reach USD 67290 Million by 2027 at a CAGR of 2% | Valuates Reports
  • India - English

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Valuates Reports

Mar 15, 2022, 09:00 ET

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BANGALORE, India, March 15, 2022 /PRNewswire/ -- The Global Urea Market is Segmented by Type (Large Granule Urea, Small Granule Urea), by Application (Agriculture, Industry): Opportunity Analysis and Industry Forecast, 2021–2028. It is published in Valuates Reports under the Chemicals Industry Category.

The global Urea market size is projected to reach USD 67290 Million by 2027, from USD 43870 Million in 2020, at a CAGR of 2.0% during 2021-2027.

Major Factors Driving the Growth of the Urea Market:

The widespread usage of urea as a fertilizer in the agricultural industry will propel market growth in the coming years. Urea is cost-effective, boosts crop yield in less time, and can be applied in a wide variety of crops and soil.

The growing industrial usage will spur the growth of the global urea market during the forecast period. Urea is an essential raw material in the chemical industry. It is used for making resins, glue, adhesives, etc. The extensive uses in the automotive, cosmetics industry will further drive the demand for urea.

Get Your Sample Today:

https://reports.valuates.com/request/sample/QYRE-Othe-0I472/Global_Urea_Market 

TRENDS INFLUENCING THE GROWTH OF THE UREA MARKET

Urea is a white crystalline organic chemical compound with the highest percentage of nitrogen( about 46 percent). Nitrogen aids in green leafy growth and makes the plants lush. Urea is used extensively by farmers to promote healthy crop yield in less time. It has excellent adaptability making it suitable for all kinds of soils and is cost-effective. Moreover, urea helps in the photosynthesis process and is a crucial animal feed additive. These factors will augment the growth of the urea market in the coming years.

The chemical industry deploys urea for manufacturing various products. It is used in the production of adhesives, plastics, urea-formaldehyde resins, and for making glue, feedstock, commercial products, etc. In addition to it, the automobile industry will positively impact the urea market outlook. DEF(Diesel Exhaust Fluid) which contains urea and deionized water is sprayed into the exhaust engines of diesel vehicles for cutting down harmful NOx pollutants into harmless nitrogen and water.

Furthermore, urea is used widely in skin care products, shampoos, moisturizers, and hair removal creams for rehydration of the skin. This is expected to propel the growth of the urea market during the forecast period.

Browse The Table Of Contents And List Of Figures At: https://reports.valuates.com/market-reports/QYRE-Othe-0I472/global-urea 

UREA MARKET SHARE

Based on application,  the agriculture sector will provide huge scope for growth in the urea market share. Based on type,  Large Granule Urea is the largest segment, with a share of about 76%. Based on region, Asia-Pacific is the largest market, with a share of about 60%, followed by Europe and North America having a total share of about 30%.

Inquire for Regional Data: https://reports.valuates.com/request/regional/QYRE-Othe-0I472/Global_Urea_Market_Outlook 

Key Players

  • QAFCO
  • Yara
  • KOCH
  • SABIC
  • OCI
  • Nutrien
  • EuroChem
  • Group DF
  • Hubei Yihua Chemical Industry
  • Rui Xing Group
  • Huajin Chemical Industries
  • Hualu-hengsheng
  • Sichuan Lutianhua
  • Lanhua Sci-tech
  • Yangmei Chemical
  • CF Industries
  • Shanxi Tianze
  • Zhonghai
  • Henan Xinlianxin Chemicals Group Co., Ltd.
  • China Coal Energy Company Limited
  • CNPC
  • Yunnan Yuntianhua
  • Yuanxing

Inquire for Chapter Cost: https://reports.valuates.com/request/chaptercost/QYRE-Othe-0I472/Global_Urea_Market_Outlook 

Buy Now for Single User + Covid-19 Impact :  https://reports.valuates.com/api/directpaytoken?rcode=QYRE-Othe-0I472&lic=single-user 

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SIMILAR REPORTS:

-  Due to the COVID-19 pandemic, the global Commercial Vehicle Urea Tank market size is estimated to be worth USD 464.9 Million in 2022 and is forecast to a readjusted size of USD 578.2 Million by 2028 with a CAGR of 3.7% during the review period.

-  The global Urea Strippers market was valued at USD 27 Million in 2020 and it is expected to reach USD 50 Million by the end of 2027, growing at a CAGR of 3.4% during 2021-2027.

-  In 2020, the global Urea Fertilizers market size was USD 54500 Million and it is expected to reach USD 62180 Million by the end of 2027, with a CAGR of 1.9% during 2021-2027.

-  Global Sulfur Coated Urea Market Outlook 2022

-  Global Urea Reactors Market Research Report 2021

-  Global Diazolidinyl Urea Market Insights and Forecast to 2028

-  Global Hydroxyethyl Urea Sales Market Report 2021

-  Global Tetra Butyl Urea (TBU) Market Insights, Forecast to 2028

ABOUT US:

Valuates offers in-depth market insights into various industries. Our extensive report repository is constantly updated to meet your changing industry analysis needs.

Our team of market analysts can help you select the best report covering your industry. We understand your niche region-specific requirements and that's why we offer customization of reports. With our customization in place, you can request for any particular information from a report that meets your market analysis needs.

To achieve a consistent view of the market, data is gathered from various primary and secondary sources, at each step, data triangulation methodologies are applied to reduce deviance and find a consistent view of the market. Each sample we share contains a detailed research methodology employed to generate the report. Please also reach our sales team to get the complete list of our data sources.

CONTACT US:

Valuates Reports
[email protected] 
For U.S. Toll-Free Call 1-(315)-215-3225
For IST Call +91-8040957137
WhatsApp: +91-9945648335
Website: https://reports.valuates.com 
Twitter - https://twitter.com/valuatesreports  
LinkedIn - https://in.linkedin.com/company/valuatesreports

SOURCE Valuates Reports

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