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Global Urea Market Report and Forecast 2025-2034
The global urea market reached a volume of about 177.21 MMT in 2024. The market is projected to grow at a CAGR of 0.9% in the forecast period of 2025-2034 to reach a value of around USD 193.82 MMT by 2034. As per the analysis by Expert Market Research, the market is expected to be driven by the growing agriculture sector.
Urea, also known as carbamide, is a versatile compound widely utilised as a feed supplement, fertilizer, and precursor for medications and plastics. With a molecular formula of H2NCONH2, it is a colourless and odourless crystalline substance, soluble in both water and ethanol. Synthesised through a process involving ammonia and carbon dioxide under high pressure, urea forms solid white pellets or crystals, renowned for their stability and ease of handling. Its dry granular form facilitates application to soil via various equipment, ensuring prolonged effectiveness as a fertiliser without rapid degradation.
Urea serves as a prominent fertiliser owing to its abundant nitrogen content, a crucial nutrient vital for plant growth. With approximately 46% nitrogen by weight, it ranks among the most concentrated nitrogenous fertilisers available. Nitrogen plays a pivotal role in chlorophyll formation, facilitating photosynthesis, and is a key constituent of amino acids, fundamental to protein synthesis. Deprivation of nitrogen impedes plant growth, resulting in sluggish development and the potential for leaf discoloration and deterioration.
The urea market has witnessed remarkable growth and advancement in recent times, fuelled by several key factors. These include the extensive utility of technical grade urea, escalating demand from the automotive industry, and its widespread application in fertilisers. The Asia Pacific region stands as the market leader, boasting the highest production and consumption rates, notably spearheaded by China and India. Government initiatives offering subsidies to support farmers in the region serve as additional catalysts propelling urea market growth.
In April 2022, OCI's Beaumont facility, under Amsterdam-based OCI N.V., planned a nearly USD 5 billion expansion, as indicated by documents filed with the Texas comptroller’s office. This initiative, alongside a parallel submission by OCI Clean Ammonia LLC and OCI Fuels USA Inc., aimed to expand the East Texas complex. These projects developed simultaneously and adjacent to OCI Beaumont LLC, shared project boundaries, signifying a coordinated approach to development within the Beaumont ISD.
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In February 2025, state-owned National Fertilizers Limited (NFL) announced its participation in a joint venture to establish the Namrup IV Fertilizer Plant in Assam. The facility will have an annual capacity of 1.27 million tonnes, with NFL holding an 18% equity stake. This initiative aims to boost regional fertilizer production and reduce import dependency.
In September 2024, QatarEnergy announced plans to increase its annual urea production from 6 million to 12.4 million tons. The expansion includes four new production lines, with the first expected before 2030. This move aims to meet rising global demand driven by population growth and increasing fertilizer consumption.
In August 2024, Petrobras committed $160 million to restart its Araucaria fertilizer plant in Brazil, idle since 2020. The facility will produce urea and ammonia, with operations resuming in late 2025. This investment aims to strengthen domestic fertilizer supply, reduce import dependence, and support Brazil’s agricultural sector amid rising global demand.
In February 2025, MOPCO partnered with thyssenkrupp Uhde to implement carbon capture and green ammonia solutions. The initiative aims to capture up to 145,000 tons per year of CO₂ from existing ammonia production, utilizing it in urea production. This effort underscores MOPCO's commitment to sustainable and efficient fertilizer manufacturing.
Headquarters: | Oslo, Norway |
Establishment: | 1905 |
Website: | https://www.yara.com/ |
Yara is committed to a sustainable future, striving for growth while promoting eco-friendly crop nutrition and emissions-free energy solutions. With a focus on digital farming tools and collaboration across the food value chain, Yara aims to enhance the efficiency and sustainability of food production. Their emphasis on clean ammonia production aligns with efforts to drive a green transition in shipping and fertiliser production. Yara’s product portfolio includes nitrogen-based fertilizers, micronutrients, and precision farming solutions designed to enhance soil health and crop performance. The company also provides digital farming technologies, enabling farmers to optimize their practices through data-driven insights. Established in 1905 to address famine, Yara operates globally with 17,500 employees and reported revenues of USD 24.1 billion in 2022, maintaining a strong track record of returns. With a presence in over 60 countries, Yara's global operations serve both large-scale agricultural operations and smaller farmers. The company is committed to advancing its sustainability agenda by reducing greenhouse gas emissions, promoting sustainable agricultural practices, and supporting the global transition towards a more resilient food system.
Headquarters: | New Delhi, India |
Establishment: | 1967 |
Website: | https://www.iffco.in/en/corporate |
IFFCO, India's largest cooperative society established in 1967, now comprises over 36,000 Indian cooperatives, catering to diverse sectors like General Insurance and Rural Telecom alongside fertiliser production and sales. With an extensive marketing network spanning 36,000 cooperative societies, IFFCO serves over 55 million farmers in India, even in remote and challenging terrains. Its global impact is evident through joint ventures such as JIFCO in Jordan, KIT in Dubai, OMIFCO in Oman, and ICS in Senegal, showcasing its commitment to agricultural development beyond national borders. IFFCO manufactures a wide range of fertiliser products, including urea, DAP (diammonium phosphate), complex fertilisers, and micronutrients. The company operates several manufacturing plants across India, ensuring a strong supply chain and timely distribution of its products to farmers. It also has a significant presence in the global fertiliser market, exporting products to various countries. In addition to its core fertiliser business, IFFCO is involved in initiatives that promote sustainable farming practices, such as soil health management, organic farming, and water conservation. The cooperative is also working on technological advancements to improve agricultural practices and increase yield.
Headquarters: | Bontang, Indonesia |
Establishment: | 1977 |
Website: | https://www.pupukkaltim.com/id/home |
PT Pupuk Kalimantan Timur (Pupuk Kaltim), Indonesia's leading urea and ammonia manufacturer, boasts an annual production capacity of 3.4 million tons of urea, 2.7 million tons of ammonia, and 350 thousand tons of NPK fertiliser. The company's products, including urea, ammonium nitrate, and other agricultural chemicals, are essential for boosting crop yields and supporting sustainable farming practices. PT Pupuk Kalimantan Timur’s commitment to environmental sustainability is evident in its ongoing efforts to adopt eco-friendly technologies, reduce emissions, and implement sustainable manufacturing processes. With a robust distribution network, PT Pupuk Kalimantan Timur serves a wide range of agricultural sectors, including rice, corn, and palm oil production. With a focus on customer service excellence, Pupuk Kaltim emphasises timely delivery, precise quantities, types, locations, qualities, and prices. The company prioritises Good Corporate Governance (GCG) to enhance business success and accountability while championing Corporate Social Responsibility (CSR). Backed by skilled human resources and over 30 years of experience, Pupuk Kaltim aims for sustainable progress aligned with business growth.
Headquarters: | Mesaieed, Qatar |
Establishment: | 1969 |
Website: | https://www.qafco.qa/en/ |
Established in 1969 through a partnership between the Qatari government and foreign stakeholders, QAFCO has grown into a premier fertiliser producer. Initially created to diversify Qatar's economy and leverage its abundant gas reserves, QAFCO now operates as part of Industries Qatar (IQ). QAFCO’s primary products include ammonia, urea, and other nitrogen-based fertilizers, which are distributed globally to meet the growing demand for food production. The company’s advanced manufacturing process incorporates cutting-edge technology to ensure high efficiency, sustainability, and minimal environmental impact. The company operates a state-of-the-art facility in the Mesaieed Industrial City, which is one of the largest fertilizer production complexes in the Middle East. With six top-tier plants, QAFCO annually produces 3.8 million MT of ammonia and 5.6 million MT of urea, securing its position as the world's largest single-site urea exporter. Committed to safety, efficiency, and environmental responsibility, QAFCO aspires to become the leading global urea producer by 2030, advancing sustainability initiatives.
Headquarters: | Noida, India |
Establishment: | 1974 |
Website: | https://www.nationalfertilizers.com/ |
Established in 1974, NFL stands as India's leading CPSE in the Fertilizer Sector, with a turnover exceeding Rs. 90 billion. With a capacity of 35.68 Lakh MT, it ranks as the nation's second-largest urea producer, contributing 16% to the total urea production. NFL’s product portfolio includes urea, neem-coated urea, bio-fertilizers, and other specialized fertilizers aimed at improving soil health and boosting crop yields. The company focuses on innovation and sustainable practices in its manufacturing processes, with an emphasis on reducing the environmental footprint and improving energy efficiency. NFL operates five gas-based Ammonia-Urea plants across Punjab, Haryana, and Madhya Pradesh, alongside a Bio-fertilisers unit. Renowned for its 'KISAN' brand, NFL also ventures into certified seed production and agro-input trading. Additionally, it collaborates on a JV for a cutting-edge Urea Plant and plans global expansions. The company is also committed to contributing to India's "Make in India" initiative and supporting the agricultural sector's growth through its wide distribution network.
Headquarters: | Zug, Switzerland |
Establishment: | 2001 |
Website: | https://www.eurochemgroup.com/ |
EuroChem, a global leader in plant nutrition, has been providing essential nutrients to farmers worldwide for over 20 years. With a focus on sustainability, the mineral-based products enhance crop yields, ensuring food security for over 250 million people, even in developing regions. Headquartered in Zug, Switzerland, the company offers a comprehensive range of fertilisers and industrial products, supported by production facilities across four continents. EuroChem operates in over 40 countries and has a significant presence in key agricultural regions worldwide. The company’s operations span the entire value chain, from the extraction of raw materials to the production of finished products, and it serves a broad range of customers, including farmers, agribusinesses, and industrial clients. With abundant reserves of key ingredients like potash and phosphate rock, as well as access to natural gas, the company remains committed to helping farmers improve crop quality and yield.
Headquarters: | Jubail Industrial City, Saudi Arabia |
Establishment: | 1965 |
Website: | https://www.sabic-agrinutrients.com/en |
Established in 1965 under Royal Decree, SABIC Agri-Nutrients Company, formerly known as Saudi Arabian Fertilizer Company (SAFCO), was the first petrochemical firm in Saudi Arabia. Initially a joint venture between the government and citizens, it has since grown significantly, with its capital reaching SR 4,760,354,040 million. SABIC holds a majority stake of 50.1%, with the remaining 49.9% owned by the private sector and the public. The company plays a crucial role in the agricultural sector by producing a wide range of high-quality fertilizers, including urea, ammonium nitrate, and other nitrogenous fertilizers. These products are primarily used to improve soil fertility and support crop production in various agricultural markets, both domestically and internationally. SAFCO’s production facilities are strategically located in Jubail Industrial City, equipped with state-of-the-art technologies that ensure high efficiency and sustainable operations. The company focuses on meeting the growing global demand for fertilizers while maintaining strong environmental standards through its energy-efficient processes and waste reduction initiatives. SAFCO’s commitment to innovation and excellence has made it a key player in the global fertilizer industry.
Headquarters: | Illinois, United States |
Establishment: | 1946 |
Website: | https://www.cfindustries.com/ |
CF Industries, headquartered in Northbrook, Illinois, aims to supply clean energy for sustainable global food and fuel needs. The company primarily manufactures and distributes nitrogen fertilisers, such as ammonia, urea, and urea ammonium nitrate solutions, as well as phosphate-based fertilisers like diammonium phosphate (DAP). These products are essential for global agriculture, helping to enhance crop yields and improve food security. The company leverages cutting-edge technology to optimise production and minimise environmental impact, focusing on sustainable practices. In addition to its fertiliser products, CF Industries also produces industrial-grade products like nitric acid, which is used in various sectors, including the automotive and chemical industries. With manufacturing hubs in the US, Canada, and the UK, along with a robust storage and distribution network in North America, the company focuses on safe operations and environmental responsibility. Their strategy involves decarbonising their ammonia production, enabling green and blue hydrogen, and nitrogen products. This transition aligns with their mission to accelerate the world's shift to clean energy while continuing to support global agriculture with clean nitrogen fertiliser.
Headquarters: | Saskatoon, Canada |
Establishment: | 2018 |
Website: | https://www.nutrien.com/ |
Nutrien, a global leader in crop nutrients, offers potash, nitrogen, and phosphate to enhance crop yields worldwide. With retail operations spanning seven countries and a history spanning nearly 50 years, Nutrien operates more than 1,500 retail locations across North America, South America, and Australia, providing farmers with a comprehensive suite of tools to optimize crop yield and enhance soil health. The company's product offerings also extend to agronomic services, including crop consulting, and precision agriculture tools that help increase farm productivity while reducing environmental impact. Innovation drives their commitment to providing top-quality products and solutions, ensuring sustainable agricultural practices. Operating with a long-term perspective, Nutrien prioritises economic, environmental, and social goals. Their integrated portfolio supports stable earnings, growth, and shareholder returns, reflecting their purpose of "Feeding the Future" by advancing agriculture sustainably. Nutrien has a strong commitment to sustainability and environmental stewardship, focusing on reducing greenhouse gas emissions and enhancing water usage efficiency in agriculture.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-723-689-1189
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
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