Base Year
Historical Year
Forecast Year
The Argentina urea market size is projected to expand at a CAGR of 1.20% between 2024 and 2032.
The Argentina urea market growth is heavily influenced by agricultural practices, as urea is a crucial nitrogen fertiliser for crops. Additionally, it plays a vital role in the production of nutritious animal feed. Urea, being a high-nitrogen compound, is incorporated into animal feed to enhance the protein content, thereby promoting optimal growth and performance of livestock.
In June 2021, IFFCO, a prominent fertiliser cooperative, revealed plans to establish a nano urea liquid production facility in Argentina through a collaboration with Instituto Nacional de Asociativismoy Economia Social (INAES) and 'Cooperar' (Cooperative Confederation of Argentina). Nano urea liquid offered by IFFCO is an effective solution for plant growth and nutrition and has lower environmental impact.
The utilisation of nano urea can greatly influence the quality of groundwater, leading to a substantial decrease in global warming and contributing positively to climate change mitigation and sustainable development.
The demand for urea in Argentina is also on the rise due to its increased utilisation in the manufacturing of drugs and plastics. Urea's hydrogen bonding properties are crucial in the production of pharmaceutical formulations. Moreover, the polymer industry heavily relies on urea to produce specific types of plastics. Urea is indispensable in the synthesis of melamine-formaldehyde (MF) resin, which is utilised in the creation of durable and heat-resistant melamine plastics. Additionally, urea plays a significant role in the production of urea-formaldehyde resins, which are essential for the manufacturing of plastics and adhesives, consequently driving up the Argentina urea market share.
Argentina Urea Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments
Market Breakup by Grade
Market Breakup by End Use
The market players are increasingly prioritising the expansion of production facilities to enhance their capacity to supply urea solution to diverse industries.
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Grade |
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| Breakup by End Use |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The market is projected to grow at a CAGR of 1.20% between 2024 and 2032.
The market is driven by the rising need for nitrogenous fertilisers and the favourable government policies to boost agricultural output of the country.
The key trends aiding the market expansion include the growing utilisation of urea in diverse industries such as for manufacturing plastics and pharmaceuticals, and the rapid industrialisation.
The major grades in the market are fertiliser, feed, and technical grade of urea.
The major end uses of urea are agriculture, chemical, medical, and automotive, among others.
The key players in the market are Profertil SA, BASF SE, and Agrefert SA, among others.
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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
+91-858-608-1494
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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