Urea rose to 695 USD/T on March 26, 2026, up 2.58% from the previous day. Over the past month, Urea's price has risen 49.30%, and is up 83.38% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. This dataset includes a chart with historical data for Urea.

The Industrial Grade Urea Market Report is Segmented by Grade (Fertilizer Grade, Technical Grade, and Feed Grade), End-User Industry (Agriculture, Chemical, Automotive, Medical, and Other End-User Industries), and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa). The Market Forecasts are Provided in Terms of Volume (Tons)

The Urea Market Report is Segmented by Speciality Type (Controlled-Release Fertilizer (CRF), Slow-Release Fertilizer (SRF), and More), by Crop Type (Field Crops, Horticultural Crops, and More), by Form (Conventional and Speciality), and by Geography (North America, Europe, Asia-Pacific, South America, Middle East, and Africa). The Market Forecasts are Provided in Terms of Value (USD) and Volume (Metric Tons).

According to Cognitive Market Research, the global Urea market size will be USD 81,624.6 million in 2025. It will expand at a compound annual growth rate (CAGR) of 4.00% from 2025 to 2033.

North America held the major market share for around 37% of the global revenue with a market size of USD 30,201.10 million in 2025 and will grow at a compound annual growth rate (CAGR) of 1.8% from 2025 to 2033.
Europe accounted for a market share of nearly 29% of the global revenue with a market size of USD 23,671.13 million and will grow at a compound annual growth rate (CAGR) of 2.3% from 2025 to 2033.
Asia Pacific held a market share of around 24% of the global revenue with a market size of USD 19,589.90 million in 2025 and will grow at a compound annual growth rate (CAGR) of 6.0% from 2025 to 2033.
South America had a market share of approximately 3.8% of the global revenue with a market size of USD 3,101.73 million in 2025 and will grow at a compound annual growth rate (CAGR) of 3.0% from 2025 to 2033.
Middle East held a market share of nearly 4.00% of the global revenue and was estimated at a market size of USD 3,264.98 million in 2025 and will grow at a compound annual growth rate (CAGR) of 3.3% from 2025 to 2033.
Africa had a market share of around 2.20% of the global revenue and was estimated at a market size of USD 1,795.74 million in 2025 and will grow at a compound annual growth rate (CAGR) of 3.7% from 2025 to 2033.
Granular urea category is the fastest growing segment of the Urea industry

Market Dynamics of Urea Market

Key Drivers for Urea Market

Rising Global Population Driving Demand for Urea Fertilizers

The steady increase in the global population, which is placing significant pressure on the agriculture sector to boost food production. According to recent projections by the United Nations, the world population is expected to reach approximately 8.5 billion by 2030, 9.7 billion by 2050, and over 10 billion by the end of this century. This surge in population is directly increasing the global demand for food, which, in turn, is driving the need for more efficient agricultural practices. Urea, as one of the most widely used nitrogen-based fertilizers, plays a vital role in enhancing soil fertility and improving crop yields. Its cost-effectiveness, ease of application, and ability to support high-output farming make it an essential input for farmers worldwide. As arable land becomes increasingly limited and the pressure to maximize productivity rises, the role of urea in sustaining food supply becomes more critical, thereby fueling consistent growth in the global urea market.

https://population.un.org/dataportal/home?df=d81f2da9-00aa-4009-af0d-4934c38dcdb3

Government Support and Subsidies Encouraging Fertilizer Usage

Government initiatives and subsidies aimed at increasing agricultural productivity are bolstering the urea market. Many countries, especially in Asia-Pacific and Africa, offer financial incentives and subsidies on fertilizers to support farmers and improve food security. These efforts lower the cost burden on end-users and increase the accessibility and adoption of urea across small and large farming operations. Additionally, public sector investments in urea manufacturing facilities and partnerships with private producers further boost local production. As global governments continue to prioritize food sustainability and rural development, such policy-driven support plays a pivotal role in propelling the urea market forward.

Restraint Factor for the Urea Market

Volatile Raw Material Costs and High Production Expenses Hamper Market Growth

The urea market is highly sensitive to fluctuations in the prices of raw materials such as natural gas, which is a key input in urea production. Global disruptions ranging from geopolitical tensions to energy supply shortages can lead to significant increases in natural gas prices, thereby elevating the cost of urea manufacturing. This volatility affects both producers and end-users, as increased production expenses may result in higher market prices or reduced profitability. Additionally, energy-intensive production methods further strain margins in regions with high power costs. These economic pressures can hinder expansion and discourage investments, posing a restraint to consistent market growth.

Key trends to Urea Market

Change to Specialty Controlled/Slow-Release Urea Varieties coated with...

The urea market size was estimated at 178.80 MMT in 2025 and expected to grow at a CAGR of 0.90% to reach a volume of 195.56 MMT in 2035.

Discover the latest trends and insights on the global urea market. Explore growth drivers, restraints, regional analysis, and key players shaping the future of this $XX million industry, projected to reach $XX million by 2033 with a 1.81% CAGR. Learn about fertilizer, feed, and industrial applications. Recent developments include: November 2022: OCI NV invested USD 5 billion to expand its East Texas complex. The company plans to add a plant that uses ammonia and carbon dioxide to make 2,200 metric tons of urea daily., June 2022: Pupuk Kaltim announced its plans to expand its operations by building a factory in West Papua's Bintuni Bay in Indonesia that will produce urea, increasing its overall production capacity., May 2022: Indian Farmers' Fertiliser Cooperative Limited (IFFCO) expanded its business by installing the first IFFCO nano urea (liquid) production unit at Kalol, Gujarat, India, with an investment of INR 175 crore (~USD 21.52 million).. Key drivers for this market are: High Applicability of Technical Grade Urea, Increasing Demand from the Automotive Sector; Increasing Usage in the Fertilizers Segment. Potential restraints include: High Applicability of Technical Grade Urea, Increasing Demand from the Automotive Sector; Increasing Usage in the Fertilizers Segment. Notable trends are: Agriculture Segment to Dominate the Market.

The India Urea Market Report is Segmented by Specialty Type (Controlled-Release Fertilizers, Slow-Release Fertilizers, Liquid Fertilizers, and Water-Soluble Fertilizers), by Crop Type (Field Crops, Horticultural Crops, and Turf and Ornamental), and by Form (Conventional and Specialty). The Market Forecasts are Provided in Terms of Value (USD) and Volume (metric Tons).

Technical Urea Market Outlook

The global technical urea market size is projected to grow from USD 5.6 billion in 2023 to USD 8.2 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 4.4% during the forecast period. This growth is primarily driven by the increasing demand for urea in diverse industrial applications, particularly in the agriculture and automotive sectors. The market is witnessing significant expansion due to the rising global population and the corresponding increase in food demand, which necessitates enhanced agricultural productivity. Furthermore, the automotive industry's shift towards reducing emissions through the use of urea-based solutions is another pivotal growth factor.

One of the primary growth factors of the technical urea market is its extensive application in agriculture as a key nitrogen-releasing fertilizer. With the global population surging, the demand for food is escalating, which in turn drives the need for effective fertilizers. Urea, being a cost-effective and efficient nitrogen source, is extensively used to enhance crop yields. Additionally, advancements in farming techniques and the adoption of precision agriculture further fuel the demand for high-quality fertilizers, thereby bolstering the technical urea market. Governments and agricultural bodies worldwide are also emphasizing sustainable farming practices, which are likely to augment the demand for urea in the coming years.

In the automotive industry, technical urea plays a crucial role in emission control systems, particularly in diesel engines. The automotive sector is undergoing a significant transformation with stringent environmental regulations being enforced across the globe to curb emissions. Urea is utilized in selective catalytic reduction (SCR) systems to reduce nitrogen oxide emissions from diesel vehicles. This has driven substantial demand for technical grade urea, as manufacturers and consumers alike strive for compliance with environmental standards. As the global focus on reducing carbon footprints intensifies, the adoption of urea-based solutions in the automotive industry is anticipated to grow, providing a robust impetus to the market.

The chemical industry also represents a significant avenue for the growth of the technical urea market. Urea is a fundamental feedstock for the production of various chemicals, including resins, adhesives, and pharmaceuticals. The ongoing industrialization and urbanization across developing countries are enhancing the demand for these chemicals, thereby propelling the demand for urea. Furthermore, research and development activities aimed at discovering new applications of urea, such as in bio-based chemical production, are likely to open up new growth opportunities for the market. The versatility of urea as a chemical feedstock ensures its continued demand across several industrial sectors.

Urea Strippers are a critical component in the urea production process, particularly in the synthesis and purification stages. These devices are used to remove unreacted ammonia and carbon dioxide from the urea solution, ensuring the purity and quality of the final product. The efficiency of urea strippers directly impacts the overall production cost and environmental footprint of urea manufacturing plants. With advancements in technology, modern urea strippers are designed to enhance energy efficiency and reduce emissions, aligning with the industry's shift towards sustainable practices. As the demand for urea continues to rise, the role of urea strippers in optimizing production processes becomes increasingly vital, offering significant opportunities for innovation and improvement in the technical urea market.

Regionally, the Asia Pacific holds a dominant position in the technical urea market, driven by the region's burgeoning agricultural sector and the rapid industrialization in countries such as China and India. The demand for urea in agriculture to ensure food security for the large population base is a significant growth driver. Moreover, the automotive industry's expansion in this region, coupled with increasing regulatory pressures to adopt emission-reducing technologies, further augments the market growth. North America and Europe are also significant markets, with substantial investments in sustainable agriculture and emission control technologies. The technical urea market in these regions is expected to witness steady growth, supported by innovative applications and stringent environmental regulations.

Grade

Granular Urea Market Outlook

The global granular urea market size was valued at approximately USD 40 billion in 2023 and is projected to reach USD 60 billion by 2032, growing at a compound annual growth rate (CAGR) of 4.5% during the forecast period. The growth of this market is driven by a combination of factors including the increasing demand for efficient fertilizer solutions, advancements in agricultural technologies, and the need for sustainable farming practices.

One of the primary growth factors for the granular urea market is the rising global population, which is driving the demand for increased food production. As the world population is expected to reach 9.7 billion by 2050, there is a significant pressure on agricultural systems to enhance productivity. Granular urea, being a highly effective nitrogen fertilizer, plays a crucial role in meeting this demand by improving crop yields. Additionally, the growing awareness about the efficient use of fertilizers to minimize environmental impact is propelling the adoption of granular urea in modern farming practices.

Another critical driver for market growth is the increasing adoption of precision agriculture. Precision agriculture involves the use of advanced technologies such as GPS, IoT, and data analytics to optimize farming practices and resource use. Granular urea, due to its controlled-release properties, is highly suitable for precision farming applications. This not only ensures the efficient use of fertilizers but also reduces wastage, thereby leading to cost savings for farmers. The integration of precision agriculture with granular urea is expected to significantly contribute to the market's expansion during the forecast period.

The industrial sector's demand for granular urea is also contributing to market growth. Granular urea is used in various industrial applications, including the production of resins, adhesives, and pharmaceuticals. The chemical industry, in particular, utilizes urea for manufacturing melamine and urea-formaldehyde resins, which are essential components in the production of laminates, adhesives, and molded objects. The increasing demand for these industrial products is driving the consumption of granular urea, thereby boosting market growth.

Regionally, Asia Pacific holds the largest share in the granular urea market, accounting for more than 40% of the global market in 2023. The region's dominance is attributed to the extensive agricultural activities in countries such as China, India, and Indonesia. Additionally, the presence of a large rural population engaged in farming, coupled with government initiatives to promote sustainable agricultural practices, is further supporting market growth in the region. North America and Europe are also significant markets, driven by advanced farming technologies and high awareness about efficient fertilizer use.

Sulfur Coated Urea is emerging as a significant innovation in the fertilizer industry, particularly within the granular urea market. This product is designed to enhance the efficiency of nitrogen release, making it an ideal solution for farmers seeking to optimize nutrient management. By coating urea granules with sulfur, the product achieves a controlled-release mechanism that aligns with sustainable agricultural practices. This not only minimizes nitrogen loss through leaching and volatilization but also provides a steady supply of nutrients to crops over an extended period. As a result, sulfur coated urea is gaining traction among farmers who are increasingly focused on improving crop yields while reducing environmental impact. The adoption of this technology is expected to contribute to the growth of the granular urea market, particularly in regions where sustainable farming is prioritized.

Product Type Analysis

In the product type segment, standard granular urea holds a significant market share due to its widespread use and cost-effectiveness. Standard granular urea is a high-concentration nitrogen fertilizer that is easy to apply and is suitable for a wide range of crops. Its granule form ensures even distribution in the soil, enhancing nitrogen absorption by plants. This type of urea is extensively used in both small-scale and large-scale farming operations, making it a staple in the agricultural sector.

Coated granular urea, on the other hand, is gaining traction due to its controlled-release properties. This type of urea is coated with materia

Urea Market holds a forecasted revenue of USD 70,457.7 Mn in 2026 and is likely to cross USD 92,717.5 Mn by 2033 with a steady annual growth rate of 4.0%

The global Urea market stood at approximately USD 63560 million in 2025 and is expected to grow at a steady CAGR of 4.46% during the forecast period until 2036.

Urea Market Outlook

According to our latest research, the Global Urea Market size was valued at $53.2 billion in 2024 and is projected to reach $74.6 billion by 2033, expanding at a CAGR of 3.9% during the forecast period of 2025 to 2033. The primary factor driving the robust growth of the urea market globally is the rising demand for nitrogen-based fertilizers to boost crop yields and ensure food security, especially in rapidly developing agricultural economies. Urea remains the most widely used nitrogen fertilizer worldwide due to its high nitrogen content, cost-effectiveness, and ease of application, making it indispensable in the global agricultural sector. Additionally, the market is witnessing significant traction from non-agricultural applications such as the chemical, automotive, and medical industries, further broadening the scope and opportunity for urea market expansion over the forecast period.

Regional Outlook

The Asia Pacific region commands the largest share of the global urea market, accounting for over 55% of total market revenue in 2024. This dominance is primarily attributed to the region's vast agricultural sector, particularly in countries like China and India, which are among the world’s leading consumers and producers of urea. Government initiatives to enhance agricultural productivity, coupled with the adoption of modern farming practices, have significantly boosted urea consumption. Furthermore, the presence of established manufacturing facilities and easy access to raw materials, such as natural gas, have facilitated large-scale production. Supportive policies and subsidies for fertilizers, along with a growing population demanding increased food production, continue to drive the market forward in Asia Pacific, making it the epicenter of urea demand and innovation.

North America is emerging as the fastest-growing region in the urea market, with a projected CAGR of 4.6% during 2025–2033. The uptick is fueled by technological advancements in fertilizer production, increasing adoption of precision agriculture, and rising investments in sustainable farming solutions. Urea’s role in reducing emissions in automotive applications, especially through selective catalytic reduction (SCR) systems, is also contributing to market expansion in this region. Additionally, the United States is witnessing significant investment in upgrading fertilizer production infrastructure and expanding capacity to meet both domestic and export demand. The growing focus on food security, coupled with a shift towards high-efficiency fertilizers and government support for sustainable agricultural initiatives, is expected to further strengthen North America’s position in the global urea market.

In contrast, emerging economies in Latin America, the Middle East, and Africa are experiencing a slower yet steady increase in urea adoption. While these regions present substantial growth potential due to under-penetrated markets and a rising focus on agricultural modernization, several challenges persist. Limited access to advanced agricultural technologies, fluctuating government policies, and infrastructural bottlenecks hinder rapid market expansion. However, localized demand is gradually increasing as governments introduce incentives for fertilizer use and invest in rural development programs. The chemical and automotive sectors in these regions are also beginning to incorporate urea in various applications, signaling a gradual but promising shift towards market maturity.

Report Scope

Market Research Intellect's Urea Market Report highlights a valuation of USD 60.5 billion in 2024 and anticipates growth to USD 79.2 billion by 2033, with a CAGR of 3.8% from 2026-2033.Explore insights on demand dynamics, innovation pipelines, and competitive landscapes.

Urea prices in , January, 2026 For that commodity indicator, we provide data from January 1960 to January 2026. The average value during that period was 173.87 USD per metric ton with a minimum of 16 USD per metric ton in January 1971 and a maximum of 925 USD per metric ton in April 2022. | TheGlobalEconomy.com

The Urea Market size valuation is expected to reach USD 90.2 billion in 2034 expanding at a CAGR of 4.0%. The Urea Market report classifies market by key companies, drivers, demand, trend, and forecast insights.

Urea Market size was valued at USD 75.84 Billion in 2024 and is projected to reach USD 112.6 Billion by 2032, growing at a CAGR of 5.08% during the forecast period 2026-2032.

Global Urea Market Drivers

1. Increasing Demand for Agriculture Use of Fertilizer: Because of its high nitrogen content (46%) urea is the most commonly used nitrogen-based fertilizer. As the world's population grows, there is a greater need for food, which fuels farming and fertilizer use. Precision Farming: The use of sophisticated farming methods and precision agriculture raises the need for effective fertilizers like urea.
2. Growing Use in Industry Chemical Industry: Resins, adhesives, and plastics are all made using urea as a raw ingredient. Automotive Sector: Diesel Exhaust Fluid (DEF), which lowers nitrogen oxide (NOx) emissions in automobiles, has urea as a crucial component. Pharmaceuticals and Cosmetics: Dermatology products and pharmaceutical formulations both contain urea.

The Granular Urea Market Report is Segmented by Grade (Agricultural Grade and Industrial Grade), Application (Agriculture - Cereals and Grains, Fruits and Vegetables, Oilseeds and Pulses, and More; Industrial - Adhesives and Resins, Chemicals, and More), and Geography (Asia-Pacific, North America, Europe, South America, and Middle East and Africa). The Market Forecasts are Provided in Terms of Volume (tons).

Controlled-Release Urea Market Outlook

According to our latest research, the global controlled-release urea market size was valued at USD 3.41 billion in 2024, reflecting robust adoption across the agricultural sector. The market is expected to witness a compound annual growth rate (CAGR) of 6.8% from 2025 to 2033, reaching a projected value of USD 6.23 billion by 2033. This significant growth is primarily driven by the escalating demand for efficient fertilizer solutions, the need to enhance crop productivity, and the growing emphasis on sustainable agricultural practices globally.

One of the primary growth factors for the controlled-release urea market is the increasing global population, which directly fuels the demand for higher agricultural output. As arable land becomes increasingly scarce, maximizing yield per hectare has become critical for farmers and governments alike. Controlled-release urea offers a solution by gradually releasing nitrogen, thereby reducing nutrient losses from leaching and volatilization. This not only enhances nutrient use efficiency but also minimizes environmental impact, making it a preferred choice for modern, sustainable agriculture. The adoption of advanced fertilizer technologies is further encouraged by government policies and subsidies, especially in emerging economies where food security concerns are paramount.

Technological advancements in coating materials and manufacturing processes have also significantly contributed to the expansion of the controlled-release urea market. Innovations such as polymer-coated and sulfur-coated urea have improved the efficiency and longevity of nutrient release, catering to the specific needs of diverse crops and soil types. The integration of precision agriculture and smart farming practices has further increased the adoption of controlled-release fertilizers, as these approaches require accurate and sustained nutrient management. Additionally, the rising awareness among farmers regarding the long-term benefits of controlled-release fertilizers, including reduced labor and application frequency, is driving market penetration across both developed and developing regions.

Environmental regulations and sustainability initiatives are playing a pivotal role in shaping the controlled-release urea market landscape. With increasing concerns over soil degradation, water pollution, and greenhouse gas emissions associated with conventional fertilizers, regulatory bodies are promoting the use of environmentally friendly alternatives. Controlled-release urea, with its ability to mitigate nitrogen runoff and reduce the carbon footprint of agricultural operations, aligns well with these regulatory frameworks. This alignment is fostering collaborations between fertilizer manufacturers, research institutions, and governmental organizations to further develop and commercialize advanced controlled-release products.

From a regional perspective, Asia Pacific dominates the controlled-release urea market, accounting for the largest share in 2024. The region’s dominance is attributed to its vast agricultural sector, high population density, and increasing adoption of modern farming techniques. North America and Europe are also significant contributors, driven by stringent environmental regulations and a strong focus on sustainable agriculture. Meanwhile, Latin America and the Middle East & Africa are emerging markets, exhibiting steady growth due to rising awareness and government initiatives aimed at improving agricultural productivity. The regional outlook underscores the global nature of the market and highlights the diverse opportunities present across different geographies.

Product Type Analysis

The product type segment of the controlled-release urea market is primarily categorized into polymer-coated urea, sulfur-coated urea, and other coated urea variants. Among these, polymer-coated urea holds the largest market share, owing to its superior efficiency in controlling nutrient release and minimizing nitrogen loss. The advanced coating technology used in polymer-coated urea allows for precise regulation of nutrient availability, making it suitable for a wide range of crops and climatic conditions. This product type is particularly favored in regions with intensive agriculture and high-value crops, where maximizing yield and minimizing environmental impact are critical concerns. The ongoin

Discover the latest trends in the European Union's urea market and learn about the projected growth in consumption over the next decade. By 2035, the market volume is expected to reach 9.9M tons, with a value of $4.4B.

The size of the Granular Urea Market market was valued at USD 14.4 Billion in 2023 and is projected to reach USD 17.94 Billion by 2032, with an expected CAGR of 3.19% during the forecast period. Recent developments include: The granular urea market is projected to reach USD 19.1 billion by 2032, exhibiting a CAGR of 3.19% from 2024 to 2032. The increasing demand for urea fertilizers in agriculture, particularly in developing countries, is driving the market growth. Urea is a highly concentrated nitrogen fertilizer that is essential for crop production, and granular urea is a preferred form due to its ease of application and storage. The growing population and rising food demand are also contributing to the market expansion. However, factors such as fluctuations in raw material prices and environmental concerns may restrain market growth to some extent. Recent developments in the market include the adoption of precision farming techniques and the development of controlled-release urea fertilizers.. Key drivers for this market are: Increasing demand from the agriculture sector Expanding use in the fertilizer industry Growing demand in developing economies Government initiatives for sustainable agriculture. Potential restraints include: Key Market DynamicsRising population and urbanization Increased demand for high-yield fertilizers Fluctuating prices of raw materials Government subsidies and policies Emerging markets opportunities.