 | • レポートコード：MRC2303C051 • 出版社/出版日：Mordor Intelligence / 2023年1月23日 • レポート形態：英文、PDF、190ページ • 納品方法：Eメール（受注後2-3営業日） • 産業分類：化学・材料 |
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レポート概要
| Mordor Intelligence社の市場調査では、世界の尿素市場規模が年度末には186,051.52キロトンへ及び、予測期間中（2022年～2027年）、年平均2％で増加すると推測されています。本調査資料では、尿素の世界市場を総合的に調査をし、イントロダクション、調査手法、エグゼクティブサマリー、市場動向、グレード別（肥料、飼料、工業）分析、産業別（農業、化学、自動車、医療、その他）分析、地域別（中国、インド、日本、韓国、東南アジア、アメリカ、カナダ、メキシコ、ドイツ、フランス、イギリス、イタリア、ブラジル、アルゼンチン、サウジアラビア、南アフリカ）分析、競争状況、市場機会・将来動向などを掲載しています。並びに、本書には、Acron、BASF SE、CF Industries Holdings Inc.、China National Petroleum Corporation、Chambal Fertilisers & Chemicals Ltd、EuroChem Group、IFFCO、Industries Qatar、Koch Fertilizer LLC、Notore Chemical Industries PLC、Nutrien Ltd、OCIなどの企業情報が含まれています。 ・イントロダクション ・調査手法 ・エグゼクティブサマリー ・市場動向 ・世界の尿素市場規模：グレード別 - 肥料用尿素の市場規模 - 飼料用尿素の市場規模 - 工業用尿素の市場規模 ・世界の尿素市場規模：産業別 - 農業における市場規模 - 化学における市場規模 - 自動車における市場規模 - 医療における市場規模 - その他産業における市場規模 ・世界の尿素市場規模：地域別 - アジア太平洋の尿素市場規模 中国の尿素市場規模 インドの尿素市場規模 日本の尿素市場規模 … - 北米の尿素市場規模 アメリカの尿素市場規模 カナダの尿素市場規模 メキシコの尿素市場規模 … - ヨーロッパの尿素市場規模 ドイツの尿素市場規模 イギリスの尿素市場規模 イタリアの尿素市場規模 … - 南米/中東の尿素市場規模 ブラジルの尿素市場規模 アルゼンチンの尿素市場規模 サウジアラビアの尿素市場規模 … ・競争状況 ・市場機会・将来動向 |
The urea market is expected to reach 186,051.52 kilo metric tons by the end of this year. It is projected to register a CAGR of over 2% during the forecast period.
Considering the COVID-19 pandemic situation, several countries were forced to go into lockdown, which led people to minimize the usage of personal vehicles. Along with that, automotive manufacturing plants were on a temporary halt, thus leading to a decline in the consumption of urea-based catalysts. However, the market recovered in 2021. It is expected to grow at a significant rate during the coming years.
Key Highlights
- Over the short term, the high applicability of technical grade urea, increasing demand for urea from the automotive sector, and increasing usage from the fertilizer segment are expected to drive market growth.
- The Indiscriminate use of urea in critical regions and fluctuation in prices are likely to hinder the market growth.
- The use of urea in eco-friendly construction is likely to create opportunities for the market in the coming years.
- The Asia-Pacific region is expected to dominate the market. However, Middle East are likely to witness the highest CAGR during the forecast period.
Urea Market Trends
Agriculture Segment to Dominate the Market
- Urea, (NH2)2CO, is a colorless organic chemical compound known as carbamide. It is highly soluble in water and has a pKa close to zero. More than 90% of world urea production is used as a nitrogen-release fertilizer. Urea has the highest nitrogen content of all solid nitrogenous fertilizers in common use (46.7%). Therefore, it has the lowest transportation costs per unit of nitrogen nutrients.
- In the soil, it hydrolyses back to ammonia and carbon dioxide. Bacteria oxidize the ammonia in the soil to nitrate, which the plants can absorb. Urea is also used in many multi-component solid fertilizer formulations. Urea is highly soluble in water, therefore, very suitable for use in fertilizer solutions (in combination with ammonium nitrate: UAN), e.g., in ‘foliar feed’ fertilizers. For fertilizer use, granules are preferred because of their narrower particle size distribution, an advantage for mechanical application.
- Nitrogen fertilizers are viable methods for expanding crop yield and profitability, particularly in the non-chernozem zone and moist areas. Nitrogen fertilizers are specially used as supplementary for crops and are primarily utilized in the agriculture industry for harvesting.
- According to the World Bank, the total value of the agriculture, forestry, and fishing industries accounted for USD 4.17 trillion in 2021, compared to USD 3.72 trillion in the previous year.
- The Asia-Pacific region holds heavy reliance on nitrogenous fertilizer at present. However, the use of nitrogenous fertilizer, poor nutrition management, declining soil fertility, lack of complementary inputs, and weak marketing and distribution systems are some of the concerns in the Asia-Pacific agriculture sector. However, the demand for nitrogenous fertilizer is still likely to dominate the fertilizer market in the region over the next few years, which is likely to continue driving the consumption of the urea market.
- Furthermore, agriculture is the primary source of livelihood across the globe. Countries such as India and the United States, among others, are witnessing positive growth in the agriculture sector. Hence, the demand for ammonia is expected to drive the market during the forecast period.
- For FY22, the Indian government has set a record target for farmers to raise food grain production by 2%, with 307.31 million tons of food grains. In FY21, production was recorded at 303.34 million tons against a target of 301 million tons. Thus, these factors are expected to increase the demand for fertilizers, driving the market studied.
- In addition, the American agricultural industry witnessed the highest annual export levels ever recorded in 2021. The 2021 trade data published by the Department of Commerce shows that exports of US farm and food products to the world totaled USD 177 billion, topping the 2020 total by 18%, driven by higher prices and larger quantities as global demand strengthens.
- The agriculture sector in Latin America and the Caribbean witnessed significant growth in the recent past. According to the Organization for Economic Co-operation and Development (OECD) and the Food and Agriculture Organization of the United Nations (FAO), agricultural and fisheries production is expected to grow by 17% during 2018-2028. Around 53% of this growth is expected to come from an increase in crop production. Hence, the growing agricultural industry is expected to drive the demand for fertilizers, which, in turn, is expected to boost the demand for urea.
- All the above factors are expected to drive the market for urea in the coming years.
Asia-Pacific Region to Dominate the Market
- The Asia-Pacific region accounted for the highest market share, followed by North America.
- With the increase in population, developments in the agriculture industries are taking place in countries like India and China. This increases the consumption of nitrogen fertilizers, thereby driving the market.
- Apart from the agriculture industry, consumption is also increasing with the advancements in the chemical, automobile, and medical industries.
- Chinese authorities are imposing new hurdles for fertilizer exporters among growing concerns over surging power prices and food production, which could worsen a global price shock and food inflation.
- China is one of the largest producers of urea-formaldehyde resin in the world. The urea-formaldehyde resins are used in the construction industry as adhesives for bonding plywood, particleboard, and other wood products.
- According to the National Bureau of Statistics, in 2021, grain production totaled 682.9 million tons, up from 650 million tons last year, registering an increase of 2%. Corn acreage rose 5 percent from last year, and output rose 4.6 percent. The growing use of fertilizers to increase productivity to keep up with the declining cultivated area is expected to drive the market in the country.
- China exported 849,000 tons of urea from July 2022 to September 2022, up from 303,000 tons and 421,000 tons during Q1 2022 and Q2 2022, respectively.
- According to OICA, China has the world’s most significant automotive production base, with a total vehicle production of 26.08 million units in 2021, registering an increase of 3% compared to 25.23 million units produced last year.
- In 2021, retail sales of fertilizers in India had fallen 12.4% in April-July over the four months of last year. All major nutrients have posted lower sales, and urea observed the highest decline of 12.8%.
- According to the Fertilizer Association of India, the production of total fertilizer products stood at 43.49 million MT during 2020-21, showing an increase of 1.7% over 2019-20. The production of urea stood at 24.60 million MT, NP/ NPK complex fertilizers at 9.32 million MT, and SSP at 4.92 million MT during 2020-21, recording an increase of 0.6%, 7.6%, and 15.8%, respectively, over 2019-20. However, production of DAP at 3.77 million MT witnessed a sharp decline of 17.1% during the same period.
- Furthermore, India is among the largest producer of automobiles in the world. According to OICA, the automotive production in the country stood at 4.4 million units in 2021, registering an increase of 30% compared to 3.38 million units produced in the same period last year.
- Due to all such factors, the market for urea in the region is expected to have steady growth during the forecast period.
Urea Market Competitor Analysis
The urea market is fragmented in nature, where many players, holding a small share in the global production capacity, have been operating in the industry. Some of the major players in the market include Industries Qatar, SABIC, OCI NV, Yara, and CF Industries Holdings Inc., among others.
Additional Benefits:
- The market estimate (ME) sheet in Excel format
- 3 months of analyst support
1 INTRODUCTION
1.1 Study Assumptions
1.2 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Drivers
4.1.1 High Applicability of Technical Grade Urea
4.1.2 Increasing Demand for Urea from the Automotive Sector
4.1.3 Increasing Usage from the Fertilizers Segment
4.2 Restraints
4.2.1 Indiscriminate Use of Urea in Key Regions
4.2.2 Fluctuation in the Prices
4.3 Industry Value Chain Analysis
4.4 Porter’s Five Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Consumers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products and Services
4.4.5 Degree of Competition
4.5 Feedstock Analysis
4.6 Technological Snapshot
4.6.1 Production Process
4.6.2 Patent Analysis
4.7 Import-Export Trends
4.8 Regulatory Policy Analysis
5 MARKET SEGMENTATION (Market Size in Volume)
5.1 By Grade
5.1.1 Fertilizer
5.1.2 Feed
5.1.3 Technical
5.2 By End-user Industry
5.2.1 Agriculture
5.2.2 Chemical
5.2.3 Automotive
5.2.4 Medical
5.2.5 Other End-user Industries
5.3 By Geography
5.3.1 Asia-Pacific
5.3.1.1 China
5.3.1.2 India
5.3.1.3 Japan
5.3.1.4 South Korea
5.3.1.5 ASEAN Countries
5.3.1.6 Rest of Asia-Pacific
5.3.2 North America
5.3.2.1 United States
5.3.2.2 Canada
5.3.2.3 Mexico
5.3.3 Europe
5.3.3.1 Germany
5.3.3.2 France
5.3.3.3 United Kingdom
5.3.3.4 Italy
5.3.3.5 Rest of Europe
5.3.4 South America
5.3.4.1 Brazil
5.3.4.2 Argentina
5.3.4.3 Rest of South America
5.3.5 Middle East
5.3.5.1 Saudi Arabia
5.3.5.2 South Africa
5.3.5.3 Rest of Middle East
6 COMPETITIVE LANDSCAPE
6.1 Mergers, Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Market Share (%) Analysis
6.3 Strategies Adopted by Leading Players
6.4 Company Profiles
6.4.1 Acron
6.4.2 BASF SE
6.4.3 CF Industries Holdings Inc.
6.4.4 China National Petroleum Corporation
6.4.5 Chambal Fertilisers & Chemicals Ltd
6.4.6 EuroChem Group
6.4.7 IFFCO
6.4.8 Industries Qatar
6.4.9 Koch Fertilizer LLC
6.4.10 Notore Chemical Industries PLC
6.4.11 Nutrien Ltd
6.4.12 OCI
6.4.13 Paradeep Phosphates Ltd
6.4.14 Petrobras
6.4.15 PT Pupuk Kalimantan Timur (PKT)
6.4.16 SABIC
6.4.17 The Chemical Company
6.4.18 URALCHEM JSC
6.4.19 Yara
6.4.20 NATIONAL FERTILIZERS LIMITED
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
7.1 Use of Urea in Eco-friendly Construction