Urea Market Size, Share and Growth Prospects to 2034
Over the coming years, the global urea market is expected to grow steadily due to increasing agricultural activities and industrial applications. The report highlights market valuation, forecast figures, and overall growth rate through 2034. It covers competitive positioning, regional developments, and market dynamics influencing demand patterns. The study offers a clear picture of industry performance and future direction, helping businesses identify growth opportunities and plan long-term strategies effectively.
Market Size and Forecast
The urea market size was valued at USD 60.47 Billion in 2025 and is projected to reach USD 63.57 Billion in 2026. The market is forecasted to grow to USD 94.93 Billion by 2034, registering a CAGR of 5.14% during the forecast period. Growth is supported by rising agricultural demand, expanding industrial use, and increasing need for nitrogen-based fertilizers.
The report provides detailed historical data, future projections, and analysis of market structure. It explains industry trends, regional performance, and competitive positioning. The study also highlights market drivers, restraints, and emerging opportunities shaping long-term growth.
Market Segmentation
The urea market is segmented by grade, application, form, and end-user. Each category helps explain how urea products are produced, used, and distributed across industries.
By Grade
This segment classifies urea based on purity and intended usage across different industries and commercial applications.
• Fertilizer Grade : Widely used in crop production, this grade supports soil nutrition and improves yield by providing essential nitrogen content.
• Feed Grade : Designed for animal nutrition, this grade is used in livestock feed formulations to support protein synthesis.
• Technical Grade : Used in industrial processes such as resins, chemicals, and emissions control applications.
By Application
This segment highlights major industries where urea is consumed for different functional purposes.
• Agriculture : Used primarily as a nitrogen fertilizer to enhance crop productivity and soil fertility.
• Chemical Industry : Utilized in manufacturing resins, adhesives, plastics, and other chemical compounds.
• Automotive : Applied in diesel exhaust fluid systems to reduce harmful emissions.
• Medical : Used in dermatology products and pharmaceutical formulations.
• Others : Includes textile processing, water treatment, and laboratory applications.
By Form
This segment categorizes urea based on physical form and handling preferences.
• Granular : Popular for fertilizer applications due to ease of storage and uniform application.
• Prilled : Small spherical pellets used widely in agricultural and industrial sectors.
• Liquid : Used in chemical processing and specialized fertilizer formulations.
By End-User
This segment represents major sectors consuming urea products.
• Agriculture : Primary consumer using urea for crop nutrition and yield improvement.
• Industrial : Includes chemical manufacturing, resins, and specialty materials production.
• Automotive : Uses urea-based fluids for emission control systems.
• Others : Covers pharmaceutical, textile, and laboratory users.
Key Players
The market features strong competition with both global and regional manufacturers focusing on capacity expansion and product optimization.
• Yara International ASA : Major producer supplying urea products for agricultural and industrial markets worldwide.
• CF Industries Holdings, Inc. : Leading nitrogen fertilizer manufacturer with strong production capabilities.
• Nutrien Ltd. : Integrated fertilizer company serving agricultural customers across multiple regions.
• OCI N.V. : Producer of nitrogen-based products supporting agriculture and industry.
• EuroChem Group AG : Global fertilizer supplier with diversified product portfolio.
Companies are focusing on capacity expansion, operational efficiency, and strategic partnerships.
Regional Insights
The urea market shows stable growth across major regions supported by agriculture and industrial development.
• North America : Strong fertilizer demand and advanced farming practices support market growth.
• Europe : Emphasis on sustainable agriculture and emission control drives demand.
• Asia-Pacific : Large agricultural base and rising population support strong consumption.
• Latin America : Expanding farming activities and fertilizer usage drive growth.
• Middle East & Africa : Growing fertilizer production capacity and agricultural development support market expansion.
Information Source: https://www.valuemarketresearch.com/report/urea-market