Prilled Urea Market

MARKET OVERVIEW:

The global and China Prilled Urea Market continues to demonstrate steady growth, with its valuation reaching USD 52.8 billion in 2024. According to the latest industry analysis, the market is projected to grow from USD 54.9 billion in 2025 to USD 72.3 billion by 2032, exhibiting a CAGR of 4.1% during the forecast period. This growth is largely fueled by increasing agricultural demand, particularly in emerging economies where food security remains a critical priority.

MARKET INSIGHT & GROWTH DRIVERS:

72.3 billion 4.1% Click Here for More Detailed Report

The global market continues to evolve at a dynamic pace, shaped by technological advancements, shifting consumer preferences, and regulatory developments. Companies are focusing on innovation, sustainability, and strategic collaborations to strengthen their competitive positioning and meet emerging demand across diverse applications

MARKET

SEGMENTATION:

BY TYPE

• Fertilizer Grade

• Feed Grade

• Industrial Grade

• Others

BY APPLICATION

• Agriculture

• Feed Additives

• Automotive Exhaust Treatment

• Chemical Manufacturing

• Others

MARKET DYNAMICS

The market is driven by global population growth r equiring increased food production, with agricultural outpu t needing to rise by nearly 60% by 2032 to meet d emand. China's 14th Five-Year Plan for Agricultural Green Development specifically promotes efficien t fertilizer use, benefiting premium-grade prilled ur ea products. Industrial applications are expanding too, particularly in automotive emission control sy stems where demand grows at 7% annually in dev eloped markets.

MARKET OPPORTUNITIES

Significant opportunities exist in Africa's agricultural development, supported by government subsidy programs and regional trade initiatives. The shift toward specializedureagradesalsopresentsvalue growth potential, with feed-grade urea for livestock nutrition expanding at 6.5% annually and technical-grade products commanding 25-30% price premiums over standardagriculturalurea.

COMPANY MISSION

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REGIONAL MARKET OUTLOOK

North America

North America's market growth is supported by advanced farming techniques and the increasing use of prilled urea in automotive SCR systems for emission control.

Europe

Europeshowssteadydemanddespiteenvironmentalregulations, withitsmarketadaptingtostrictersustainabilitystandards. Meanwhile,Africaemergesasapromisingfrontiermarket,with fertilizerconsumptionprojectedtotripleby2032fromcurrentlevels.

COMPETITIVE LANDSCAPE

• QAFCO (Qatar)

• Yara International (Norway)

• KOCH Industries (U.S.)

• SABIC (Saudi Arabia)

• OCI N.V. (Netherlands)

• CF Industries (U.S.)

• Nutrien Ltd. (Canada)

• EuroChem (Switzerland)

• Group DF (Ukraine)

• Hubei Yihua Chemical Industry (China)

• CNPC (China)

• Rui Xing Group (China)

• Luxi Chemical Group (China)

• Huajin Chemical Industries (China)

• Hualu-hengsheng (China)

These companies represent some of the major key players driving innovation and growth in the market, contributing significantly to global supply and competitive dynamics.

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