Granular Urea Trends and Forecast
The future of the global granular urea market looks promising with opportunities in the agriculture, chemical, and building & construction markets. The global granular urea market is expected to reach an estimated $46.4 billion by 2030 with a CAGR of 3.2% from 2024 to 2030. The major drivers for this market are rising demand for food production and increasing demand for nitrogen-based fertilizer.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Granular Urea by Segment
The study includes a forecast for the global granular urea by product type, application, and region.
Granular Urea Market by Product Type [Shipment Analysis by Value from 2018 to 2030]:
• Fertilizer Grade
• Feed Grade
• Technical Grade
Granular Urea Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Agriculture
• Chemical
• Building & Construction
• Others
Granular Urea Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Granular Urea Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies granular urea companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the granular urea companies profiled in this report include-
• CF Industries
• Yara
• Saudi Arabian Fertilizer
• Nutrien
• Ostchem
• EuroChem
• Bunge
• CVR Partners
• Luxi Chemical
• Coromandel
Granular Urea Market Insights
Lucintel forecasts that fertilizer grade is expected to witness the highest growth over the forecast period.
Within this market, agriculture will remain the largest segment over the forecast period.
APAC is expected to witness highest growth over the forecast period.
Features of the Global Granular Urea Market
Market Size Estimates: Granular urea market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Granular urea market size by product type, application, and region in terms of value ($B).
Regional Analysis: Granular urea market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different product types, applications, and regions for the granular urea market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the granular urea market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the granular urea market size?
Answer: The global granular urea market is expected to reach an estimated $46.4 billion by 2030.
Q2. What is the growth forecast for granular urea market?
Answer: The global granular urea market is expected to grow with a CAGR of 3.2% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the granular urea market?
Answer: The major drivers for this market are rising demand for food production and increasing demand for nitrogen-based fertilizer.
Q4. What are the major segments for granular urea market?
Answer: The future of the granular urea market looks promising with opportunities in the agriculture, chemical, and building & construction markets.
Q5. Who are the key granular urea market companies?
Answer: Some of the key granular urea companies are as follows:
• CF Industries
• Yara
• Saudi Arabian Fertilizer
• Nutrien
• Ostchem
• EuroChem
• Bunge
• CVR Partners
• Luxi Chemical
• Coromandel
Q6. Which granular urea market segment will be the largest in future?
Answer: Lucintel forecasts that fertilizer grade is expected to witness the highest growth over the forecast period.
Q7. In granular urea market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the granular urea market by product type (fertilizer grade, feed grade, and technical grade), application (agriculture, chemical, building & construction, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Granular Urea Market, Granular Urea Market Size, Granular Urea Market Growth, Granular Urea Market Analysis, Granular Urea Market Report, Granular Urea Market Share, Granular Urea Market Trends, Granular Urea Market Forecast, Granular Urea Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.