12.4 Degree of Competition Market size and projections, 2013 – 2025, 6.3.2. Urea market is forecast to reach USD 49.54 Billion by 2027, according to a new report by Reports and Data. Market size and projections, 2013 – 2025, 7.1. 9.4.1.1 Market Trends 4.2 Key Industry Trends 10.5 Threats 6.2.1 Market Trends 11.3 Operations 14.3.9.2 Product Portfolio Market size and projections, 2013 – 2025, 6.3.5.1. Up Market Research offers a latest published report on âGlobal Urea Formaldehyde Market Research Report 2019â delivering key insights and providing a competitive advantage to clients through a detailed report. Market size and projections, 2013 – 2025, 6.5.2. Figure 79: Others: Urea Market Forecast: Sales Value (in Million US$), 2020-2025 The global urea market size was estimated at nearly USD 38 billion in 2017. Figure 52: Indonesia: Urea Market: Sales Value (in Million US$), 2014 & 2019 9.2.2.1 Market Trends Global Urea Formaldehyde Market by Applications (Particle Boards, Plywood, Adhesives and Coatings, Decorative Laminates, and Molding Compounds) and Regions (Asia-Pacific, North America, Europe, Middle East & Africa, and Latin America)-Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2020â2026. 9.4 Latin America One of the major factors driving the market studied is the increasing ⦠9.4.1.2 Market Forecast Figure 16: Global: Urea (Stabilizing Agent) Market: Sales Value (in Million US$), 2014 & 2019 The global urea market to registering a CAGR of around 3% during 2020-2025. 6.1.2 Market Forecast This Research Reports included Global Industry segment analysis, Top Leading players SWOT Analysis, Regional outlook share and growth 5.1 Market Overview The use of urea in non-fertilizer applications such as urea-formaldehyde resins, melamine-formaldehyde resins, and livestock feed are expected to enable growth in the global urea stripper market. Figure 80: Middle East and Africa: Urea Market: Sales Value (in Million US$), 2014 & 2019 IMARC Group provides an analysis of the key trends in each sub-segment of the global urea market report, along with forecasts for growth at the global, regional and country-level from 2020-2025. 9 Market Breakup by Region The company aims at improving its high-purity urea production capabilities to cater to the diesel exhaust fluid (DEF) market demand. 8.1 Agriculture Sulfur Coated Urea Market Size, Share & Trends Analysis Report By Product Type, By Application, By Region, And Segment Forecasts, 2019 To 2025. Similarly, Indian prices of urea are already low in comparison to neighboring countries and are likely to show a similar trend over the forecast period. 11.6 Service Global Urea Formaldehyde Market: Overview. 12 Porters Five Forces Analysis 8.4.2 Market Forecast Other factors, including advancements in melting and granulation technologies to enhance energy and cost-effectiveness of urea, along with the growing demand for urea in the chemical industry, are projected to drive the market further. Figure 6: Global: Urea Market: Breakup by Region (in %), 2019 9.2.7.2 Market Forecast 7.4.1 Market Trends Figure 5: Global: Urea Market: Breakup by End-Use Industry (in %), 2019 This collaboration is expected to leverage the market presence of both the firms in North America and Europe in the future. 9.1 North America This capacity expansion is likely to benefit SABIC in meeting the demand of the Middle East & Africa automotive lubricants and fuel sectors. Figure 12: Global: Urea (Technical Grade) Market: Sales Value (in Million US$), 2014 & 2019 14.3.10 SABIC Automotive urea, or diesel exhaust fluid (DEF), is injected into the exhaust systems and tanks of trucks, buses, cars and sports utility vehicles (SUVs) to remove nitrogen oxide from the diesel exhaust. Table 3: Global: Urea Market Forecast: Breakup by Application (in Million US$), 2020-2025 In October 2017, KOCH Industries announced the partial completion of expanded urea production. 9.3.7.1 Market Trends Figure 63: United Kingdom: Urea Market Forecast: Sales Value (in Million US$), 2020-2025 Figure 76: Mexico: Urea Market: Sales Value (in Million US$), 2014 & 2019 2.3 Data Sources 14.3.10.2 Product Portfolio 14.3.6 Koch Fertilizer LLC 9.2.6 Indonesia Figure 23: Global: Urea (Other Applications) Market Forecast: Sales Value (in Million US$), 2020-2025 Suphur Coated Urea Market, By Product Type (Wax Sulphur Coated Urea, Polymer Sulphur Coated Urea), By Application (Agriculture, Golf Courses, Professional Lawn Care & Turf, Others), and By Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa) - Size, Share, Outlook, and Opportunity Analysis, 2020 - 2027 Figure 27: Global: Urea (Chemical) Market Forecast: Sales Value (in Million US$), 2020-2025 14.3.5.2 Product Portfolio Market size and projections, by technology, 2013 – 2025, 6.6.3. 8.3.1 Market Trends For instance, in February 2018, Yara International ASA (Norway), Qatar Fertiliser Company (QAFCO), and Hassad Food signed a Memorandum of Understanding (MoU) to support efforts to increase food production from the Qatari agricultural sector. Figure 20: Global: Urea (Resin) Market: Sales Value (in Million US$), 2014 & 2019 Among all the technologies, traditional urea manufacturing technology still holds a major market revenue share owing to its early implementation among the rest of the technology categories. Figure 30: Global: Urea (Medical) Market: Sales Value (in Million US$), 2014 & 2019 Figure 56: Europe: Urea Market: Sales Value (in Million US$), 2014 & 2019 14.3.11 Yara International ASA Traditional or conventional technologies segment is expected to account for a decreased market share of 42% by the end of the forecast period. Figure 32: Global: Urea (Others Industries) Market: Sales Value (in Million US$), 2014 & 2019 8.2 Chemical enhance our services. 9.2.4.1 Market Trends Market size and projections, 2013 – 2025, 6.4.6.1. Market size and projections, by application, 2013 – 2025, 6.4.4.1. Additionally, the company announced its future plans of introducing SUPERU Fertilizer product line under its Koch Agronomic Services division for nitrogen fertilizer applications. In terms of volume, the agriculture segment held a market share of over 80% in the year 2017. The European fertilizer industry has upgraded its nitrate plants. Figure 84: Global: Urea Industry: Porter’s Five Forces Analysis, Table 1: Global: Urea Market: Key Industry Highlights, 2019 and 2025 In mid-2014, SABIC announced the expansion of technical grade urea production. The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. 14.3.10.1 Company Overview Figure 66: Spain: Urea Market: Sales Value (in Million US$), 2014 & 2019 9.3.1 Germany IMARC offers market research reports and consulting services to clients consisting of, but not limited to, SMEs and Fortune 500 companies. Figure 53: Indonesia: Urea Market Forecast: Sales Value (in Million US$), 2020-2025 14.3.8.4 SWOT Analysis Market size and projections, 2013 – 2025, 6.4.7.1. Figure 41: Asia Pacific: Urea Market Forecast: Sales Value (in Million US$), 2020-2025 9.3.2.1 Market Trends The urea price recovery in 2017 and 2018, was supported by a steadily increasing grain consumption and production, thus boosting the fertilizer usage. Market size and projections, by application, 2013 – 2025, 6.3.4.1. 9.5.3 Market Forecast Global Urea Market size, Outlook and Growth Opportunities to 2025: By Grade (Fertilizer, Feed, and Technical Grades), By End Use Industry (Agriculture, Chemical, Automobile, Medical, and Others) and By Region. In terms of region, Asia Pacific generated the maximum market revenue of more than 60% and is expected to show an optimistic growth rate over the forecast period. / QAFCO, 7.12. 12.5 Threat of New Entrants 2.2 Stakeholders Figure 21: Global: Urea (Resin) Market Forecast: Sales Value (in Million US$), 2020-2025 Furthermore, the presence of well-established market players in the fertilizer market such as Yara is likely to provide positive growth aspects over the foreseeable future. 9.2.1.1 Market Trends 9.2 Asia Pacific 7.4 Resin “Once through” process is the most commonly used traditional urea manufacturing technology that held a significant share in the year 2017. This not only implies for urea but also for its upstream and downstream markets across the value chain. 11.4 Outbound Logistics Growing population coupled with expansion in the ammonia and urea capacity since the past is the key factor driving the demand of urea in this region. 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