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Urea MarketUrea Market will witness a rapid growth to 2025

Request for Sample report @ http://bit.ly/2p4hu4F North America led by Mexico, Canada and the U.S. urea market size is poised to grow steadily in the projected timeframe owing to its application in agriculture, medical care and cosmetics. The U.S. has the highest health care spending per capita and would positively influence market growth. U.S. dermatology market is poised to surpass USD 20 billion by 2028, thus driving regional product demand.

Request for Sample report @ http://bit.ly/2p4hu4F
North America led by Mexico, Canada and the U.S. urea market size is poised to grow steadily in the projected timeframe owing to its application in agriculture, medical care and cosmetics. The U.S. has the highest health care spending per capita and would positively influence market growth. U.S. dermatology market is poised to surpass USD 20 billion by 2028, thus driving regional product demand.

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<strong>Urea</strong> <strong>Market</strong> anticipated <strong>to</strong> <strong>witness</strong> healthy CAGR over 2019-<strong>2025</strong>: Global<br />

<strong>Market</strong> Insights, Inc.<br />

According <strong>to</strong> a new research report by the market research and strategy consulting<br />

firm, Global <strong>Market</strong> Insights, Inc, <strong>Urea</strong> <strong>Market</strong> size is set <strong>to</strong> grow steadily in the<br />

projected timeline owing <strong>to</strong> its application in agriculture as fertilizer. The product is also<br />

known as carbamide and has highest nitrogen content amongst all solid nitrogenous<br />

fertilizer making it favorable agriculture utility across arable land. The product is also<br />

used <strong>to</strong> produce resin finds application in melamine synthesis, laminates, adhesives<br />

and paints. Its usage in au<strong>to</strong>motive, medical, explosive, deicing, polymer and chemical<br />

industries is likely <strong>to</strong> drive urea market demand by <strong>2025</strong>.<br />

Carbamide is colorless organic hygroscopic solid which is either odorless or contain<br />

hint of ammonia smell. Industrial production of carbamide takes place by dehydrating<br />

ammonium carbamate derived from reaction of ammonia and carbon dioxide. The<br />

product is made available in crystal, pill or granular form with primary application in the<br />

agriculture sec<strong>to</strong>r. It has tendency <strong>to</strong> form porous framework that can trap<br />

hydrocarbon compounds which can be utilized for separating mixtures and can also<br />

be used in production of aviation fuel and lubricating oil.<br />

Request for Sample<br />

Carbamide finds application in agriculture sec<strong>to</strong>r as a fertilizer owing <strong>to</strong> its property <strong>to</strong><br />

release nitrogen in<strong>to</strong> the soil. It has over 45% nitrogen content that exhibit lowest<br />

transportation cost per nitrogen nutrient. Carbamide can also be used in horticulture<br />

and irrigated crops including grain and cot<strong>to</strong>n crops owing <strong>to</strong> its flexibility as it can be<br />

spread directly or mixed with water. The product can be spread through irrigation<br />

channels and sprays <strong>to</strong> achieve uniform spread. Decline in arable land for cultivation<br />

owing <strong>to</strong> <strong>rapid</strong> urbanization and industrialization would propel the demand for fertilizer<br />

for higher gains. Global nitrogenous fertilizer market is set <strong>to</strong> surpass USD 115 billion<br />

by 2024 thereby driving urea market demand.<br />

<strong>Urea</strong> market is poised <strong>to</strong> <strong>witness</strong> substantial <strong>growth</strong> owing <strong>to</strong> its application in<br />

controlling air pollution by the selective catalytic reaction process. Diesel engine<br />

running at higher temperatures helps <strong>to</strong> react nitrogen and oxygen <strong>to</strong> form nitric oxide,<br />

a greenhouse gas. Water solution of the carbamide is injected in<strong>to</strong> hot engine exhaust<br />

decomposing in<strong>to</strong> ammonia and carbon dioxide. Ammonia derived from carbamide is<br />

reacted with nitic oxide <strong>to</strong> produce nitrogen which dilute the effect of global warming.<br />

Blue Tec technology by Daimler AG utilizes this process <strong>to</strong> equip heavy diesel vehicles<br />

including lorries, busses following vehicular emission norms. The vehicles are fitted<br />

with urea tanks and engines are equipped for advanced NOX reduction. Strict<br />

government norms applicable <strong>to</strong> vehicular emission combined with <strong>rapid</strong>ly expanding<br />

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au<strong>to</strong>mobile industry is likely <strong>to</strong> fuel urea market share. Global au<strong>to</strong>motive catalytic<br />

reac<strong>to</strong>r market is poised <strong>to</strong> reach USD 270 billion by 2024 which may boost carbamide<br />

market size.<br />

<strong>Urea</strong> market size is anticipated <strong>to</strong> <strong>witness</strong> gains owing <strong>to</strong> its usage in treatment of nail<br />

problems and dry or rough skin conditions including psoriasis, eczema, callus and<br />

corns. The product is a known kera<strong>to</strong>lytic which increases moisture in the skin and can<br />

be used <strong>to</strong> heal wounds and remove dead tissue while keeping water in the skin, thus<br />

stimulating product demand in forecast timeline.<br />

The product is mixed with compounds including carbon 14 and carbon 15 which finds<br />

utilization in medical application. It can be used for blood urea nitrogen test <strong>to</strong> measure<br />

content and determine presence of Helicobacter Pylori bacteria presence in human<br />

s<strong>to</strong>mach. Growing spending in healthcare and medical infrastructure by government<br />

is likely <strong>to</strong> boost pharmaceutical market size, thereby driving carbamide demand.<br />

Global skincare and derma<strong>to</strong>logy market size is anticipated <strong>to</strong> surpass USD 90 billion<br />

by 2028, thus further propelling urea market revenue.<br />

Product usage in resins, adhesives explosives and chemical feeds<strong>to</strong>ck along with<br />

application as stabilizer in nitrocellulose explosives & cloud seeding agent is likely <strong>to</strong><br />

foster industry <strong>growth</strong>. The product act as a component in animal feed, plank<strong>to</strong>n<br />

nutrient and fire extinguishers owing <strong>to</strong> its high nitrogen content. It is an ingredient in<br />

many commercial products including dish soap, teeth whiteners, cigarette, pretzels<br />

and hair removers. Cosmetic utilization of product includes hair conditioners, skin<br />

softener, bath oils and lotions. These fac<strong>to</strong>rs are likely <strong>to</strong> stimulate industry <strong>growth</strong> in<br />

forecast timeframe.<br />

Product manufacturing can lead <strong>to</strong> environmental issues pertaining <strong>to</strong> leakage of<br />

ammonia in air or water owing <strong>to</strong> improper plant maintenance which could lead <strong>to</strong><br />

health hazard. Exposure of the product could lead <strong>to</strong> skin irritation including redness<br />

itching and pain. Chronic exposure could lead <strong>to</strong> moderate emphysema, weight loss<br />

and high incidence protein metabolism. These fac<strong>to</strong>rs are likely <strong>to</strong> affect industry<br />

profitability in projected timeframe.<br />

North America led by Mexico, Canada and the U.S. urea market size is poised <strong>to</strong> grow<br />

steadily in the projected timeframe owing <strong>to</strong> its application in agriculture, medical care<br />

and cosmetics. The U.S. has the highest health care spending per capita and would<br />

positively influence market <strong>growth</strong>. U.S. derma<strong>to</strong>logy market is poised <strong>to</strong> surpass USD<br />

20 billion by 2028, thus driving regional product demand.<br />

Europe led by Spain, UK, France and Germany market is set <strong>to</strong> grow steadily within<br />

the projected timeframe. Stringent environmental norms regarding vehicle production<br />

along with <strong>growth</strong> of au<strong>to</strong>mobile catalytic reac<strong>to</strong>r technologies using carbamide<br />

concentration is likely <strong>to</strong> favor industry <strong>growth</strong> by <strong>2025</strong>.<br />

Asia Pacific led by Japan, India and China urea market is anticipated <strong>to</strong> grow<br />

significantly owing <strong>to</strong> growing demand from agriculture sec<strong>to</strong>r. Rapid urbanization and<br />

growing industrialization has led <strong>to</strong> land constraints for agriculture. Growing demand<br />

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for fertilizer <strong>to</strong> generate high yield and ease of use would foster regional market<br />

<strong>growth</strong>.<br />

Global <strong>Urea</strong> market is consolidated with limited players in the market. Major players<br />

include Yara, Potash Corp, Acron, Jiangsu Sanmu, Agrium, BIP, Chemiplastica,<br />

CNPC, Euro Chem, OCI Nitrogen, BASF SE, KBR Inc., Petrobras, QAFCO, CF<br />

Industries, SABIC and Koch Fertilizer.<br />

<strong>Urea</strong> <strong>Market</strong>, By Grade, 2014-<strong>2025</strong> (Tons) (USD Million)<br />

• Technical<br />

• Grade B<br />

• Grade C<br />

• <strong>Urea</strong> <strong>Market</strong>, By Application, 2014-<strong>2025</strong> (Tons) (USD Million)<br />

• Nitrogenous Fertilizer<br />

• Stabilizing Agent<br />

• Kera<strong>to</strong>lyte<br />

• Resin<br />

• Others<br />

<strong>Urea</strong> <strong>Market</strong>, By End-Use, 2014-<strong>2025</strong> (Tons) (USD Million)<br />

• Fertilizer<br />

• Au<strong>to</strong>motive<br />

• Explosive<br />

• Skincare<br />

• Medical<br />

• Pharmaceutical<br />

• Cosmetics<br />

• Others<br />

The above information is provided for the following regions and countries:<br />

• North America<br />

• U.S.<br />

• Canada<br />

• Mexico<br />

• Europe<br />

• Germany<br />

• UK<br />

• France<br />

• Italy<br />

• Spain<br />

• Asia Pacific<br />

• China<br />

• Japan<br />

• India<br />

• South Korea<br />

• Malaysia<br />

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• Latin America<br />

• Brazil<br />

• Middle East & Africa<br />

• South Africa<br />

• Saudi Arabia<br />

• UAE<br />

Company Profiles:<br />

• Yara<br />

• Potash Corp<br />

• Acron<br />

• Jiangsu Sanmu<br />

• Agrium<br />

• BIP<br />

• Chemiplastica<br />

• CNPC<br />

• Euro Chem<br />

• OCI Nitrogen,<br />

• BASF SE<br />

• KBR Inc.<br />

• Petrobras<br />

• QAFCO<br />

• CF Industries<br />

• SABIC<br />

• Koch Fertilizer Teijin<br />

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About Global <strong>Market</strong> Insights<br />

Global <strong>Market</strong> Insights, Inc., headquartered in Delaware, U.S., is a global market<br />

research and consulting service provider; offering syndicated and cus<strong>to</strong>m research<br />

reports along with <strong>growth</strong> consulting services. Our business intelligence and industry<br />

research reports offer clients with penetrative insights and actionable market data<br />

specially designed and presented <strong>to</strong> aid strategic decision making. These exhaustive<br />

reports are designed via a proprietary research methodology and are available for key<br />

industries such as chemicals, advanced materials, technology, renewable energy and<br />

biotechnology.<br />

Contact Us:<br />

Arun Hegde<br />

Corporate Sales, USA<br />

Global <strong>Market</strong> Insights, Inc.<br />

Phone: 1-302-846-7766<br />

Toll Free: 1-888-689-0688<br />

Email: sales@gminsights.com<br />

Web: https://www.gminsights.com<br />

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