Straits Research has released the latest report on the global urea market. The market was valued at USD 76.13 billion in 2024 and is projected to reach USD 80.24 billion in 2025, with an estimated increase to USD 125.92 billion by 2033. The global urea market is expected to grow at a compound annual growth rate (CAGR) of 5.4% from 2025 to 2033.
Urea, a key nitrogenous fertilizer, is widely used in agricultural practices and various industrial applications. Urea’s use as a solubility enhancer and moisture retainer in textile dyeing and printing is expanding its reach into textile manufacturing. As agriculture continues to be the largest application area, its usage in non-agriculture sectors is also witnessing growth. Additionally, advancements in urea production techniques are expected to boost market demand across different regions.
Market Definition
Urea is a nitrogen-based compound used primarily in fertilizers, but also in various industrial processes, such as the textile, automotive, and chemical industries. In agriculture, it is a key fertilizer for increasing crop yield by providing essential nitrogen. In the textile industry, urea serves as a solubility enhancer and moisture retainer in textile dyeing and printing. Furthermore, urea finds applications in the automotive sector for selective catalytic reduction (SCR) systems to reduce emissions.
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Market Segmentation
The global urea market is segmented based on the following criteria:
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By Application
- Agriculture
- Automotive
- Chemical Industry
- Textile Manufacturing
- Others
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By Form
- Prilled Urea
- Granular Urea
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By End-Use Industry
- Fertilizer Production
- Textile and Dyeing
- Automotive (SCR Systems)
- Others
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By Region
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East & Africa
Access Detailed Segmentation: https://straitsresearch.com/report/urea-market/segmentation
Key Players in the Urea Market
The global urea market features several major players that dominate the production and distribution of urea globally. Key players include:
- CF Industries Holdings, Inc.
- Yara International ASA
- Nutrien Ltd.
- Tata Chemicals Ltd.
- BASF SE
- Qatar Fertiliser Company (QAFCO)
- Saudi Arabian Fertilizer Company (SAFCO)
- China National Petroleum Corporation (CNPC)
- Koch Industries, Inc.
- OCI N.V.
Dominated Region: Asia-Pacific
Asia-Pacific is the dominant region in the global urea market. This region hosts some of the world’s largest urea-producing countries, including China and India. The extensive agricultural activity in countries like India, China, and Indonesia drives the demand for urea in the region. Moreover, the rapid industrialization and urbanization in countries like China and India are expected to contribute further to the growing demand for urea in the region.
Fastest Growing Region: Europe
Europe is the fastest-growing region in the global urea market. The growth is driven by the increasing adoption of urea for agriculture and industrial applications in countries like Germany, France, and the United Kingdom. Additionally, the rising environmental concerns over nitrogen emissions in the automotive sector are likely to accelerate the demand for urea-based selective catalytic reduction (SCR) systems in Europe.
FAQ
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What is the current market size of the global urea market?
The global urea market was valued at USD 76.13 billion in 2024. -
What is the projected market size by 2033?
The market is expected to reach USD 125.92 billion by 2033. -
What is the expected CAGR during the forecast period?
The market is projected to grow at a CAGR of 5.4% from 2025 to 2033. -
Which region is the largest consumer of urea?
The Asia-Pacific region dominates the global urea market. -
Which region is expected to grow the fastest in the urea market?
Europe is expected to be the fastest-growing region for urea in the coming years.
Business Metrics
- 2024 Market Size: USD 76.13 billion
- 2033 Projected Market Size: USD 125.92 billion
- CAGR (2025-2033): 5.4%
- Dominated Region: Asia-Pacific
- Fastest Growing Region: Europe
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