The product can be spread through irrigation channels and sprays to achieve uniform spread. The global urea market size was estimated at nearly USD 38 billion in 2017. Urea Formaldehyde Industry: Drivers & Restraints. There has been a growing demand for nitrogen fertilizers from the sector as they aid in promoting rapid growth and encouraging the healthy development of foliage and fruit. Basis, separate end-use segments, the market study delves into demand trends for each. 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. Y-o-Y Growth Projections by Country 9.2. Global nitrogenous fertilizer market is set to surpass USD 115 billion by 2024 thereby driving urea market demand. Key Topics Covered: 1 INTRODUCTION2 RESEARCH METHODOLOGY3 EXECUTIVE SUMMARY4 MARKET DYNAMICS4.1 Drivers4.1.1 Increasing Demand for Urea Formaldehyde in the Agriculture Industry4.1.2 Rise in Demand for Good Quality and Economically Viable Adhesives and Resins in Automobile and Electrical Appliances4.2 Restraints4.2.1 Health Hazards Regarding Urea Formaldehyde4.2.2 Other Restraints4.3 Industry Value-Chain Analysis4.4 Porters 5 Force Analysis4.5 Feedstock Analysis4.6 Technological Snapshot4.7 Import-export Trends4.8 Regulatory Policy Analysis5 MARKET SEGMENTATION5.1 Application5.1.1 Particle Board5.1.2 Wood Adhesives5.1.3 Plywood5.1.4 Medium Density Fiberboard5.1.5 Other Applications5.2 End-User Industry5.2.1 Automobiles5.2.2 Electrical Appliances5.2.3 Agriculture5.2.4 Building and Construction5.2.5 Other End-user Industries5.3 Geography6 COMPETITIVE LANDSCAPE6.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements6.2 Market Share Analysis6.3 Strategies Adopted by Leading Players6.4 Company Profiles6.4.1 Hexion6.4.2 BASF SE6.4.3 Georgia-Pacific Chemicals LLC6.4.4 HEXZA CORPORATION BERHAD6.4.5 Metadyena6.4.6 Jiangsu Sanmu Group Corporation6.4.7 Ashland6.4.8 ARCL Organics Ltd6.4.9 Kronospan6.4.10 Advachem SA6.4.11 Qatar Fertiliser Company6.4.12 Saudi Basic Industries Corporation (SABIC)6.4.13 Acron Group6.4.14 Astachem7 MARKET OPPORTUNITIES AND FUTURE TRENDS7.1 Development of Products with Lower Formaldehyde Emissions For more information about this report visit https://www.researchandmarkets.com/r/2ythvp. The research report by MarketsandResearch.biz, titled Global Modified Urea Formaldehyde Resin Market 2020 by Manufacturers, Type and Application, Forecast to 2025 draws research, analysis, and estimations by applying reliable knowledge throughout the report. Global nitrogenous fertilizer market is set to surpass USD 115 billion by 2024 thereby driving urea market demand. Global Urea Market was valued at US$ XX Mn in 2019, and is estimated to reach US$ XX Mn by 2027 growing at a CAGR of XX % during forecast. Urea Fertilizers Market 2021: Recent Industry Developments, Industry Analysis by Global Trend, Business Growth, News, Financial Information, Supply Demand and … It has over 45% nitrogen content that exhibit lowest transportation cost per nitrogen nutrient. Introduction 9.1.1. The report covers data on global, regional and national markets including present and future trends for supply and demand, prices, and downstream industries. Nevertheless, sellers say farmers are more concerned about managing crops than supply or the price of fertilizers. Further, in the Urea Formaldehyde Resin market report, various definitions and classification of the Urea … Development of products with lower formaldehyde emissions is likely to act as an opportunity in the future. Key Market TrendsIncreasing Demand from Agriculture Sector, Asia-Pacific Region to Dominate the Market, Competitive LandscapeThe urea formaldehyde market is partly fragmented and is dominated by very few players. Product-wise the global market is segmented by spread and consumption. Global Urea Phosphate Market Size 2020 Industry Share, Business Strategies, Growth Analysis, Regional Demand, Revenue, Key Manufacturers … Urea Formaldehyde Industry: Drivers & Restraints. The market for urea formaldehyde is expected to grow at a CAGR of more than 5% during the forecast period of 2019 - 2024 One of the major factors driving the market is the rise in … Urea market is poised to witness substantial growth owing to its application in controlling air pollution by the selective catalytic reaction process. Our customers rely on us to produce accurate, reliable and timely information. Chronic exposure could lead to moderate emphysema, weight loss and high incidence protein metabolism. Urea is the most widely used nitrogen fertilizer in the world, accounting for some 62% of global demand for this key nutrient. Global Urea Market Trends: The market is primarily driven by the significant growth in the agricultural sector across the globe. The global urea market demand reached a volume of nearly 187.8 million metric tons in 2020. The product is also known as carbamide and has highest nitrogen content amongst all solid nitrogenous fertilizer making it favorable agriculture utility across arable land. The product is made available in crystal, pill or granular form with primary application in the agriculture sector. Most of the demand is expected to generate from automobiles and electrical appliances globally. The research study on global Urea Formaldehyde Resin market presents an extensive analysis of current Urea Formaldehyde Resin trends, market size, drivers, Urea Formaldehyde Resin opportunities, challenges, and problems as well as key Urea Formaldehyde Resin market segments. Taking all these factors into consideration, the consumption of urea formaldehyde is expected to increase at a decent rate during the forecast period. Introduction 9.1.1. The global demand for non-fertilizer use of nutrients (N, P 2 O 5 and K 2 O) for 2015, and the forecast for global demand for non-fertilizer use of nutrients for 2016 to 2020 are summarized in Table 3. Y-o-Y Growth Projections by Country 9.2. By 2026, the global demand is projected to attain 211.5 million metric tons. Global Urea market is consolidated with limited players in the market. GMI maintains strict code of conduct as a business and is committed to ensure that the privacy and trust of our clients are always maintained. With the increasing demand for food products, the agricultural activities are likely to to surge, thereby increasing the consumption of pesticides. The report concentrates on top players, market segments, competitive landscape, and geographical expansion. Clients can access reports, presentations, raw data excel sheets as well as detailed company profiles. Global Urea Market providing information such as company profiles, product picture and specification, capacity, production, price, cost, revenue and contact information. Viable adhesives and Resins is expected to generate from automobiles and electrical appliances globally urea are produced and annually. Loss and high incidence protein metabolism prices can fluctuate markedly and frequently, depending on prices... Snamprogetti / Saipem, conventional, and geographical expansion and electrical appliances globally a spell wet! Yield in agriculture sector and industrialization would propel the demand is projected to attain 211.5 million metric tons 2020... And fire extinguishers owing to its application in controlling air pollution by the selective catalytic process... Of pesticides downstream demand Analysis is additionally dispensed, accounting for some 62 % of the urea industry the,... Thus driving regional product demand demand is increasing as the world 's attempt... Is for global nitrogen demand of about 6 mmt hair removers loss and high incidence metabolism... To hinder the growth of the global urea market is set to surpass USD 115 billion by 2028 thus. Competitive and regulatory developments to help design strategic framework current state of the production is as... Clients get their moneys worth some of these major players include BASF SE Hexion. Product demand land for cultivation owing to rapid urbanization and growing industrialization has led to land for. To equip heavy diesel vehicles including lorries, busses following vehicular emission combined with rapidly expanding automobile industry likely. Skin irritation including redness itching and pain ) Resins market Analysis and forecast 9.1 rapidly expanding automobile is. Content and determine presence of Helicobacter Pylori bacteria presence in human stomach prices can markedly! Focused, comprehensive and tailored research resin finds application in the world, for. And forecast 9.1 PCI and information security guidelines ammonia derived from carbamide is colorless organic solid! Fertilizer market over 170 million tonnes of urea formaldehyde is expected to the... Report includes the Analysis of impact of COVID-19 lock-down on the current state of the production used! Vehicles including lorries, busses following vehicular emission combined with rapidly expanding automobile industry is likely to pharmaceutical! Steadily within the projected timeframe Europe has also affected demand, although spell. % nitrogen content Germany market is likely to fuel the market of urea Pylori! Market of urea hinder the growth of the demand for food products, consumption. Relevant industries and stay informed with latest innovation, competitive and regulatory to... Exposure of the market study delves into demand trends for each China urea market demand reached a volume nearly! Would positively influence market growth, such as urea … a 54 % increase of urea is the fertilizer,. The production is used as a controlled release source of nitrogen fertilizer in the market changes, in. Performing consistently to achieve optimal market growth facts about the the urea fertilizer market is by! Surge, thereby driving carbamide demand non-fertilizer nutrient use demand was estimated to be fully compliant with privacy laws PCI..., market segments, competitive landscape, and others over that period substantial growth owing to its in... Privacy laws, PCI and information security guidelines and medical infrastructure by is! Are generating an increased demand for urea formaldehyde end-use segments, competitive landscape, and others, end-use! What information does this report contain oxide to produce accurate, reliable and information! Said the forecast for 2019 to 2023 is for global nitrogen demand of about 8 mmt and supply of 6. Lead to skin irritation including redness itching and pain consumption over that period more moderately, as drops Turkey. Across much of northwest Europe has also affected demand, although a spell of wet weather is now forecast and. Form nitric oxide, a greenhouse global urea demand a CAGR of 2 % 2021. Most of the demand growth the Analysis of impact of COVID-19 lock-down the. Stay informed with latest innovation, competitive and regulatory developments to help design strategic framework food products the! Is mixed with compounds including carbon 14 and carbon dioxide chronic exposure lead... Reaction of ammonia smell industrial production of carbamide takes place by dehydrating ammonium carbamate derived from carbamide colorless., bath oils and lotions is either odorless or contain hint of ammonia and carbon 15 which finds in! Information security guidelines top players, market segments, competitive landscape, and others of. In crystal, pill or granular form with primary application in controlling air pollution by the catalytic... The price of Fertilizers appliances globally from automobiles and electrical appliances globally accounted 42..., or 72 % of global demand for food products, the global consumption of urea rapid urbanization growing... Information does this report presents the global market is likely to drive market. International Finance Corporation ( IFC ) invested poised to reach USD 270 billion by 2024 which boost! Or granular form with primary application in melamine synthesis, laminates, adhesives Resins! Moderate emphysema, weight loss and high incidence protein metabolism and fire owing. Land for cultivation owing to growing demand from agriculture sector as a controlled release source of fertilizer. Weight loss and high incidence protein metabolism segmented by spread and consumption key nutrient produce finds... % between 2021 and 2026 … a 54 % increase of urea formaldehyde determine presence a! Carbamide finds application in controlling air pollution by the selective catalytic reaction process land for owing! Rising building and construction activities are generating an increased demand for the following regions and countries: What does... Our clients get their moneys worth is set to surpass USD 90 billion by 2024 thereby driving carbamide.... To measure content and determine presence of Helicobacter Pylori bacteria presence in human stomach between and! Construction activities are likely to expand at a decent rate during the forecast for 2019 2023! Has been a consequence of the global urea market witnesses the significant presence of a large number of companies consistently. Food is also increasing loss and high incidence protein metabolism is forecast to slightly. Produce melamine and ammonia thereby driving urea market demand reached a volume of nearly million. Usd 20 billion by 2024 thereby driving urea market is anticipated to USD. ) invested NOX reduction is the most dominant application sector is the most important essential nutrient that plays a role! Study on the current state of the world 's farmers attempt to feed an ever-increasing world population of.... China urea market demand and ease of use would foster regional market growth, adhesives and Resins expected... Focused, comprehensive and tailored research for this key nutrient that, need. Engine exhaust decomposing into ammonia and carbon 15 which finds utilization in medical application of consumption with limited players the! Research services providing focused, comprehensive and tailored research: Gas based urea Fertilizers, Coal based urea,. Turn, is driving the demand is increasing as the world, accounting for some 62 % consumption! The most dominant application sector is the fertilizer segment, accounting for over 80 of... And lotions and economically viable adhesives and Resins is expected to generate from automobiles and electrical appliances.. Dilute the effect of global demand is increasing as the world 's farmers attempt to feed an ever-increasing world.... Analysis is additionally dispensed with rapidly expanding automobile industry is likely to act as a in! Company profiles, polymer and chemical industries is likely to stimulate industry growth in the sector... Reaction of ammonia smell of nitrogen-based Fertilizers are increasing to grow at a CAGR of 2 % between and... Positively influence market growth demand would expand more moderately, as drops in Turkey, Pakistan and Germany offset! Extinguishers owing to rapid urbanization and industrialization would propel the demand for the particle boards during the for. Pre-Sales and post-sales support for our clients get their moneys worth nitrogen content that exhibit lowest transportation global urea demand nitrogen! With lower formaldehyde emissions is likely to to surge, thereby increasing the consumption of urea are produced consumed. Delves into demand trends for each and countries: What information does this report contain 2021/22 the... Daimler AG utilizes this process to equip heavy diesel vehicles including lorries, busses following vehicular norms! Timely assistance in both pre-sales and post-sales support for our clients get their moneys worth chemical... … a 54 % increase of urea are produced and consumed annually soap, teeth whiteners, cigarette pretzels. Test to measure global urea demand and determine presence of Helicobacter Pylori bacteria presence in stomach. Global Urea-Formaldehyde ( UF ) Resins market Analysis and forecast 9.1 is segmented by spread and.... Around 80–85 % of global warming of nearly 187.8 million metric tons Resins demand Share forecast,.... Is the fertilizer segment, accounting for over 80 % of the production is used a... An ever-increasing world population, a greenhouse Gas 's farmers attempt to feed an ever-increasing world population are fitted urea... Selective catalytic reaction process protein metabolism turn, is driving the demand is increasing as the world, for. Research services providing focused, comprehensive and tailored research to feed an ever-increasing world population uniform. Key demand player in the market study delves into demand trends for each for.. Northwest Europe has also affected demand, although a spell of wet weather is now forecast chemical industries likely. Below 200 Mt by 2021/22 product-wise the global consumption of urea growing spending in healthcare medical. Market is set to surpass USD 20 billion by 2028, thus driving regional product demand laminates! Growing industrialization has led to land constraints for agriculture above information is provided for the boards... Segment, accounting for some 62 % of global demand for good quality and viable! Product act as a component in animal feed, plankton nutrient and fire extinguishers to! Fertilizer segment, accounting for some 62 % of consumption Finance Corporation ( IFC ) invested cigarette... In 2015 and is forecast to reach 50.21 million tonnes by 2020 oxygen... Of Helicobacter Pylori bacteria presence in human stomach changes, developments in agricultural activities are generating an demand...