About Granular Urea
Granular urea is a fertiliser product which contains highest nitrogen that is 46% as compared to others. It is made from ammonia and carbon dioxide and mixed easily with phosphate and potash fertilisers. In addition, the granular urea can applied directly to the soil. Further, in the early season it is used on the grass or cereal top in the later season. Granular urea is used in many chemical compounds such as Plastics, adhesives, and industrial feed stock. Hence, it is the common fertiliser around the globe. These factors are driving the market of granular urea.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 3.95% |
In This Market Major Players Are Focusing On Adopting Organic And Inorganic Growth Strategies. Which Includes Merger & Acquisition, Product Expansion, and Global Reach Enhancement Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Granular Urea market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
QAFCO (Qatar), CF Industries (United States), SABIC (Saudi Arabia), Yangmei Chemical (China), Yara (Norway), Nutrien (Canada), Koch Fertilizer (United Kingdom), EuroChem (Switzerland), Shanxi tianze coal-chemical (China) and CVR Partners, LP (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Rui Xing Group (China), China XLX Fertiliser (China), Dongguang Chemical (China) and Sichuan Lutianhua (China).
Segmentation Overview
AMA Research has segmented the market of Global Granular Urea market by Type (Gas Based Urea Fertilisers, Coal Based Urea Fertilisers and Others), Application (Agriculture, Industry and Others) and Region.
On the basis of geography, the market of Granular Urea has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Influencing Trend:
Rising Nitrogen Content in Soya Bean Crop
Market Growth Drivers:
Wide Range of Applications and Feature of High Nitrogen Content and Increase in Domestic and Export Oriented Revenue
Challenges:
Increasing Bargaining Power of Buyers
Restraints:
Fluctuating prices of raw material.
Opportunities:
Strong Demand from Farmers in spring and Potential Business Opportunities
Market Leaders and their expansionary development strategies
In August 2020, Industries Qatar, one of the region’s and industrial giants, announced that the Company’s Board of Directors, in its meeting held has approved the proposed purchase of Qatar Petroleum’s 25% stake in Qatar Fertiliser Company, and to convene an Extraordinary General Assembly meeting to obtain the shareholders’ approval of the transaction.
In June 2021, The Indian Farmers Fertiliser Cooperative Limited (IFFCO) launched the Nano Urea Liquid, a nutrient to provide nitrogen to plants as an alternative to the conventional urea.
Key Target Audience
Manufacturers, Raw Material Suppliers, Distributors and Traders, Research Organisations, Government Agencies and Organisations
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.