Tuesday, February 28, 2023

Granular Urea Market Growth Is Driven By The Increasing Demands From Various Application Industries & Regions



The granular urea market refers to the global market for granular urea, which is a widely used fertilizer in agriculture. Granular urea is a white crystalline solid with the chemical formula CO(NH2)2 and is a nitrogen-rich compound. It is produced by reacting ammonia with carbon dioxide, resulting in the formation of ammonium carbamate, which is subsequently dehydrated to form urea.

The global granular urea market is driven by several factors, including increasing demand for food due to population growth, a growing preference for granular urea over other forms of urea due to its higher nitrogen content and ease of application, and government initiatives promoting the use of fertilizers to increase agricultural productivity.

The market is segmented based on application, end-use industry, and geography. By application, it is segmented into fertilizers, resins, animal feed, and others. By end-use industry, it is segmented into agriculture, chemical, and others. Geographically, the market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

Some of the key players in the granular urea market include

  • CF Industries Holdings Inc.
  • Yara International ASA
  • Saudi Arabian Fertilizer Company
  • Nutrien Ltd.
  • Ostchem Holding
  • EuroChem Group
  • Bunge Limited
  • CVR Partners LP
  • Luxi Chemical Group Co.Ltd.
  • Coromandel International Ltd

These companies are investing in research and development activities to develop innovative products and expand their product portfolios to cater to the increasing demand for granular urea.

For More Information Click Here - https://www.coherentmarketinsights.com/market-insight/granular-urea-market-3709 

Overall, the granular urea market is expected to grow at a significant rate over the forecast period due to the increasing demand for food, the need to improve agricultural productivity, and the increasing adoption of granular urea in various industries.

About Coherent Market Insights

Coherent Market Insights is a global market intelligence and consulting organization that provides syndicated research reports, customized research reports, and consulting services. We are known for our actionable insights and authentic reports in various domains including aerospace and defense, agriculture, food and beverages, automotive, chemicals and materials, and virtually all domains and an exhaustive list of sub-domains under the sun. We create value for clients through our highly reliable and accurate reports. We are also committed in playing a leading role in offering insights in various sectors post-COVID-19 and continue to deliver measurable, sustainable results for our clients.

Contact Us

Mr. Shah
Coherent Market Insights Pvt Ltd,
533 Airport Boulevard, Suite 400, Burlingame,
CA 94010, United States
Phone: US +12067016702 / UK +4402081334027
JAPAN:+81-50-5539-1737
INDIA:+91-848-285-0837
Email: sales@coherentmarketinsights.com

No comments:

Post a Comment