Granular Urea Market Share

APAC Market Forecast

Asia Pacific industry is expected to hold largest revenue share of 35% by 2037, impelled by rapid urbanization in the region. As more and more people in the region are shifting towards urban areas the agricultural land is being largely used for non-agricultural purposes which has reduced the availability of arable land. As a result, farmers in the region are widely using granular urea to increase crop production in the limited available land.

According to predictions, more than 50% of the population in Asia Pacific will live in urban areas in 2030.

North American Market Statistics

The North America granular urea market is estimated to hold the second-largest share of about 24%, during the forecast timeframe led by the growing polymer sector. There is an increasing need for polymer-based products in the region which may increase the demand for granular urea since it is used as a feedstock in the production of the polymer.