Urea MarketUrea Market will witness a rapid growth to 2025

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automobile industry is likely to fuel urea market share. Global automotive catalytic reactor market is poised to reach USD 270 billion by 2024 which may boost carbamide market size. Urea market size is anticipated to witness gains owing to its usage in treatment of nail problems and dry or rough skin conditions including psoriasis, eczema, callus and corns. The product is a known keratolytic which increases moisture in the skin and can be used to heal wounds and remove dead tissue while keeping water in the skin, thus stimulating product demand in forecast timeline. The product is mixed with compounds including carbon 14 and carbon 15 which finds utilization in medical application. It can be used for blood urea nitrogen test to measure content and determine presence of Helicobacter Pylori bacteria presence in human stomach. Growing spending in healthcare and medical infrastructure by government is likely to boost pharmaceutical market size, thereby driving carbamide demand. Global skincare and dermatology market size is anticipated to surpass USD 90 billion by 2028, thus further propelling urea market revenue. Product usage in resins, adhesives explosives and chemical feedstock along with application as stabilizer in nitrocellulose explosives & cloud seeding agent is likely to foster industry growth. The product act as a component in animal feed, plankton nutrient and fire extinguishers owing to its high nitrogen content. It is an ingredient in many commercial products including dish soap, teeth whiteners, cigarette, pretzels and hair removers. Cosmetic utilization of product includes hair conditioners, skin softener, bath oils and lotions. These factors are likely to stimulate industry growth in forecast timeframe. Product manufacturing can lead to environmental issues pertaining to leakage of ammonia in air or water owing to improper plant maintenance which could lead to health hazard. Exposure of the product could lead to skin irritation including redness itching and pain. Chronic exposure could lead to moderate emphysema, weight loss and high incidence protein metabolism. These factors are likely to affect industry profitability in projected timeframe. 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. Europe led by Spain, UK, France and Germany market is set to grow steadily within the projected timeframe. Stringent environmental norms regarding vehicle production along with growth of automobile catalytic reactor technologies using carbamide concentration is likely to favor industry growth by 2025. Asia Pacific led by Japan, India and China urea market is anticipated to grow significantly owing to growing demand from agriculture sector. Rapid urbanization and growing industrialization has led to land constraints for agriculture. Growing demand 2 | P a g e
for fertilizer to generate high yield and ease of use would foster regional market growth. Global Urea market is consolidated with limited players in the market. Major players include Yara, Potash Corp, Acron, Jiangsu Sanmu, Agrium, BIP, Chemiplastica, CNPC, Euro Chem, OCI Nitrogen, BASF SE, KBR Inc., Petrobras, QAFCO, CF Industries, SABIC and Koch Fertilizer. Urea Market, By Grade, 2014-2025 (Tons) (USD Million) • Technical • Grade B • Grade C • Urea Market, By Application, 2014-2025 (Tons) (USD Million) • Nitrogenous Fertilizer • Stabilizing Agent • Keratolyte • Resin • Others Urea Market, By End-Use, 2014-2025 (Tons) (USD Million) • Fertilizer • Automotive • Explosive • Skincare • Medical • Pharmaceutical • Cosmetics • Others The above information is provided for the following regions and countries: • North America • U.S. • Canada • Mexico • Europe • Germany • UK • France • Italy • Spain • Asia Pacific • China • Japan • India • South Korea • Malaysia 3 | P a g e
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Urea MarketUrea Market will witness a rapid growth to 2025

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