According to the recent study the urea marketis projected to grow at a CAGR of 2%-3% from 2020 to 2025. Growth in this market is primarily driven bygrowing agricultural and fertilizer sectors and rising demand from cosmetic industry for the usage of urea as a base component for their products.
Browse XX figures / charts and XXtables in this 150 -page report to understand trends, opportunities and forecast in ureamarketby end use industries (agriculture, chemical, automotive, medical, and others), application (nitrogenousfertilizer, stabilizing agent, keratolyte, resin, and others), grade (fertilizer grade, feed grade, and technical grade), and region (North America, Europe, Asia Pacific, and Rest of the World).
Download sample report and view detailed Table of Content by clicking on below link– to remain the largest segment during the forecast period.”
Based on grade, the ureamarket is segmented intofertilizer grade, feed grade, and technical grade. Lucintel forecasts that the fertilizer gradeis expected to witness the largest segment over the forecast period due to its increased usage in agriculture industries.
“Within the ureamarket, the agriculture segment is expected to remain the largest end use industry”
Based on end use industry, the agriculture segment is expected to witness the largest end use industry over the forecast period due to its wide usage as an animal feed additive and fertilizer.
“Asia Pacificwill dominate the ureamarket in near future”
Asia Pacificis expected to be the largest region over the forecast perioddue to increase in population and developments in the agriculture industries.
Major players of Ureamarket are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. SABIC, BASF, Nutrien Ltd., KBR inc., and Euro Chem Groupare among the major ureaproviders.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link