About Urea Ammonium Nitrate
Urea Ammonium Nitrate is the most important solution used for nitrogen feeding. This is majorly used as fertilizers which are appropriate for almost all the kinds of crops, this is a universal solution for modern farmers. It has a total content of active substances of 32% which may be practiced in entire farming or vegetation. UAN practically contains no free ammonia which has a major application in soils, it is used for agriculture by applying high-performance machines and also by spraying water mixed with UAN. As per reports, it is observed that Asia Pacific (excluding China and India) has accounted for around 11 – 12% of the global volume for urea, which is near 29 million tpy of urea in 2018. In this Indonesia, accounted for 30% of the capacity in the region, considering the largest urea producer in the whole Asia Pacific region.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
The urea ammonium nitrate market contains the many players as competitor. The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new regions through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that Asia-Pacific Vendors will contribute the maximum growth to Asia-Pacific Urea Ammonium Nitrate 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.
Sinofert Holdings Limited. (China), Coromandel International Ltd. (India), China BlueChemical Ltd (China), PT Petrokimia Gresik (Indonesia), Hubeu Xin Yanf Feng Fertilizer Industry Limited (China), PT Pupuk Iskandar Muda (Indonesia), PT Pupuk Kujang (Indonesia), PT Pupuk Kalimantan Timur (Indonesia), PT Pupuk Sriwidjaya Palembang (Indonesia) and Maharastra Bio Fertilizers India Pvt. Ltd. (India) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Eastern Organic Fertilizer Pvt. Ltd. (India).
Segmentation Overview
AMA Research has segmented the market of Asia-Pacific Urea Ammonium Nitrate market by Type (UAN 18, UAN 28, UAN 30 and UAN 32), Application (Crop-Based (Cereals & Grains, Oilseeds & Pulses, Fruits & Vegetables and Others) and Non-Crop-Based (Turf& Ornamental Grass)) and Region.
On the basis of geography, the market of Urea Ammonium Nitrate has been segmented into Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific). If we see Market by Form, the sub-segment i.e. Liquid will boost the Urea Ammonium Nitrate market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End- User Industries, the sub-segment i.e. Industrial chemicals will boost the Urea Ammonium Nitrate market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Density, the sub-segment i.e. High Density will boost the Urea Ammonium Nitrate market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Rising Adoption in Product Innovations and Multi-Functional Fertilizers
Market Growth Drivers:
Robust Growth of Mining Operation in the Region, Rising Demand from the Agrochemical Industry, Government Subsidy on Certain Fertilizers, Mainly In India and Decreasing Per Capita Arable Land and Increasing Demand for Food Supply in Asia- Pacific
Challenges:
Lack of Awareness about UAN in Some Parts of Asia-Pacific Region and Concern Related to the Side Effects of These Fertilizers
Restraints:
Toxicity, Contamination and Low Adaptability to Changing Practices Are Restraining the Market and High Cost for UAN Fertilizers
Opportunities:
Growing Agriculture and Mining Sector in Different Regions of Asia-Pacific, Growing Fertilizer Industry Is the Major Consumer Market, Particularly In MEA and Preference for Healthy and Nutrient-Rich Food
Market Leaders and their expansionary development strategies
In February 2022, Australias CBH group has expanded its fertilozer business by building a new storage facility is built with the intention to meet the growing demand in industry.
The Company Chambal Fertilizers and Chemicals is building a 790 000 tpy ammonia plant in their region and a 1.44 million tpy urea plant, that is expected to begin operating by 2019. New ammonia-urea units are being built in Barauni, Bihar, Sindri, and Jharkhand, and expected to come onstream in 2021.
Key Target Audience
Urea Ammonium Nitrate Manufactures, Urea Ammonium Nitrate Distributors, Potential Investors, Government Bodies and Associations, Up and Down Stream Vendors, Private Research Organizations, Suppliers and Distributors and Others
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.