Technical Urea Market Volume Will Reach Over 210.34 Million Tonnes in 2022; Quince Market Insights

Prominent Players Included are Yara, Fertiberia, S.A., AurePio, Ishita International, HELM AG, URALCHEM, PREMMIER, Borealis

Pune, INDIA


Pune, Nov. 16, 2022 (GLOBE NEWSWIRE) -- The Global Technical Urea Market will be 210.34 million tonnes in 2022 and is expected to exhibit a CAGR of 1.50% over the forecast period 2023 to 2032, according to a recent global market study by Quince Market Insights.

The human liver contains the extremely soluble nitrogenous chemical urea (CH4N2O), sometimes referred to as carbamide. It is manufactured for use in industry by combining ammonia with carbon dioxide (CO2) under intense pressure to create solid, odourless white pellets or crystals. The primary purpose of urea is to create urethane, which is then polymerized to create polyurethane foams. It is used to make fertilisers, feed additives, medications, adhesives, laminates, moulding compounds, resins, varnishes, and textile finishes. It has a wide range of uses in many different areas, including chemistry, agriculture, the automobile industry, and medicine.

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Urea of the technical grade is an organic substance. The metabolism of substances containing nitrogen depends on urea. It is a solid that is almost non-toxic in nature, has no smell or colour, and is very soluble in water. Water may be used to easily dilute it. The human body uses urea for a number of purposes, including excreting nitrogen. The liver forms urea by fusing two ammonia molecules with a carbon dioxide molecule in the urea cycle. Urea is a key raw ingredient in the chemical industry, laminated boards, and animal feed. It is widely used as a nitrogen source in fertilisers.

A staggering 180 million tonnes of urea are produced globally each year on an industrial basis. Carbon dioxide and synthetic ammonia make up the majority of its composition (CO2). Urea production facilities are frequently located close to ammonia manufacturing sites since the manufacture of ammonia produces a substantial quantity of CO2 as a by-product of hydrocarbons (natural gas or petroleum derivatives) or coal. Urea is a key raw material in the chemical industry as well as many other sectors. It is commonly utilised as a source of nitrogen in fertilisers. Demand for urea is being driven by the agriculture sector's ongoing need for fertilisers, which is propelling its global market.

Long-term exposure with urea in the fertiliser form on the skin might result in dermatitis. In addition to agriculture, urea is used to make polymers, resins, adhesives, explosives, automotive systems, medicines, and other industrial goods.

It is anticipated that as the global agriculture sector grows, adblue usage will rise, which would significantly boost the need for technical grade urea. It is also used in the production of fertiliser, which increases fertiliser demand and results in a massive output. This, together with its simplicity of use, will help the market expand. However, the production of goods can lead to environmental issues like ammonia poisoning of the air or water as a result of inadequate plant maintenance, which is hazardous to human health. Exposure to a substance can cause contact dermatitis, which can cause itchiness, discoloration, and discomfort.

IMPACT OF COVID-19

The unexpected COVID-19 epidemic in 2020 caused harm to the worldwide urea industry. Numerous enterprises, downstream sectors, and other infrastructures were severely impacted by the outbreak. Government-ordered countrywide traffic restrictions had an impact on the car sector since sales did not meet expectations. Agriculture continued to have a high demand for urea despite the impending risk. Post-pandemic market growth has been trending upward due to increased demand from the chemical and automotive industries.

The new corona virus has caused a major drop in the operations of various sectors. Although supply chain and raw material disruptions have affected the agriculture business, it is expected to increase gradually throughout the projected period. Since agricultural production falls under the category of vital services, there will likely continue to be a high demand for fertilisers due to continued agricultural activities and the extensive impacts of the COVID-19.

Recent Developments in the Technical urea Market

  • The merger of CGB Fertilizer was announced in May 2019 by HELM Fertilizer Company, a division of HELM AG. The acquisition, according to the firm, is meant to expand its influence throughout the United States while maintaining its dominance as the nation's top distributor of fertilisers such technical urea and others.

Market Segmentation for Technical urea Market

Technical Urea Market, By Product Type

Small Particles(0.85mm-2.8mm)

Small Particles (0.85mm-25mm) Because of their spherical shape and varying densities between particles in comparison to other types of UREA granules, urea are a type of particle size that are suitable for industrial applications such as building materials or fertilisers when it is necessary to control their properties during use on different surfaces. This is because they cannot be mixed uniformly without clumping.

Medium Particles(1.18mm-3.35mm)

Medium Particles, commonly referred to as Large Grains, with sizes that range from 0.85 mm to about 35.0 mm. The average particle size of medium grain urea is 12–14% bigger than that of small grain urea (more volume). Medium grain urea has additional uses because of its greater capacity for absorption. It's also important to keep in mind that medium grain urea will need a greater dose rate than tiny grain urea since, due to its bigger surface area, it has less nitrogen per unit mass.

Large Particles(2mm-4.75mm)

With an average particle size that is 20–30% bigger than Small Urea particles, Large Particles are particles with diameters ranging from 0.85 mm to around 75.0 mm (less volume). Large Grain Urea has a low nitrogen concentration per unit mass because to its greater surface area, but it may be used in more applications due to its better soil absorption capacity. Large grains will need a higher dosage rate than tiny grains because, as a result of their greater surface area, they have less nitrogen per unit mass.

Technical Urea Market, By Application: -

Medical Field

The medical segment's revenue is anticipated to grow somewhat throughout the course of the forecast period. This particular raw material may infiltrate deeply into tissues and sustain cell vitality for a considerable amount of time without creating negative side effects or accumulating as a toxic chemical since it is easily absorbed and excreted from the body. By improving blood flow, calming skin irritability, and decreasing inflammation thanks to their anti-inflammatory properties, small particles (0.85mm–13.18mm) have been shown to reduce muscle fatigue. Dry skin, rough skin disorders including psoriasis and eczema, calluses, corns, and a few nail issues like ingrown nails and others are all treated with urea. It dissolves dead skin cells to remove them from wounds, treat wounds, and encourage skin hydration.

Agricultural Field

Global Technical Urea is used in agriculture to fertilise the soil, encourage plant development, and provide crops with vital nutrients. Humans are poisoned by a number of harmful fertilisers, and prolonged exposure to them can have serious negative effects. Due to the government's strict regulations requiring the use of non-toxic fertilisers for crops, the demand for urea fertilisers with cutting-edge technology is anticipated to rise in the agricultural sector. Additionally, throughout the projected period, the global technical urea market is anticipated to grow due to increased demand for organic agricultural outputs, which offer several benefits including reduced use of pollutants and are safer for consumption.

Industrial Field

Global Technical Urea in the Industrial Field is mostly utilised for urea synthesis and fertiliser

applications.

Technical Urea Market, By Region

North America, Europe, Asia Pacific, Latin America, the Middle East and Africa, and the Technical Urea Market are the five geographical divisions. The largest market share belonged to the Asia-Pacific region. Agriculture is advancing as a result of population growth in nations like China and India. The market is driven by an increase in the usage of nitrogen fertilisers as a result of this. Additionally, one of the biggest manufacturers of urea-formaldehyde resin worldwide is China. The use of urea is anticipated to increase along with the demand for urea-formaldehyde resin in China. The urea market in North America, which is dominated by Canada and the United States, is anticipated to grow steadily throughout the forecast time frame due to its application in agriculture and medical.

The biggest per capita health care spending is in the United States, which would aid market expansion. The production of technical grade urea is anticipated to rise along with the demand for cosmetics because it is widely utilised as a base component in many creams. Europe holds a sizable portion of the market. The use of urea in lowering combustion nitrogen oxide emissions is growing as a result of technical developments in the automotive industry that comply with environmental requirements. Over the anticipated time frame, the Middle East and Africa are predicted to have a mild growth. Due to stringent environmental regulations in the vehicle sector and the expansion of automotive electrochemical reactor systems using carbamide absorption, which is predicted to assist industry growth, the GCC nations are expected to contribute to the worldwide market.

Major Companies: In this report, the major companies studied are Yara, Fertiberia, S.A., AurePio, Ishita International, HELM AG, URALCHEM, PREMMIER, Borealis

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What Does This Report Provide?

This report provides a detailed understanding of the global technical urea market from qualitative and quantitative perspectives during the forecast period. The major market drivers, challenges, and opportunities for the global technical urea market have been covered in the report.

Objectives of this Report:

  • On a regional and worldwide scale, estimate the market size for technical urea market.
  • To provide a competitive scenario for the technical urea market with major developments observed by the key companies in the historic years.
  • To evaluate key factors governing the dynamics of technical urea market with their potential growth during the forecast period.

 Find more insights on this topic from this report, “Technical Urea Market, By Product Type (Small Particles(0.85mm-2.8mm), Medium Particles(1.18mm-3.35mm), Large Particles(2mm-4.75mm)), By Application(Medical Field, Agricultural Field, Industrial Field, Others), By Region (North America, Europe, Asia Pacific, Middle East & Africa, And South America)”— Market Size and Forecasting to 2032

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