Asia Pacific Urea Market Size & Outlook, 2025-2028
Asia Pacific Urea Market Size
According to Straits Research analysis The Asia Pacific Urea Market was valued at USD 69310.93 Million in 2024 and is projected to reach USD 78959.37 Million by 2028, expanding at a CAGR of 3.3% during the forecast period. This growth can be attributed to the significant demand from agricultural sectors that use urea extensively as a nitrogen-rich fertilizer. Moreover, urea is used as a raw material in chemical industries and as a reducing agent in the Dezox process in energy sector. Latest trends in the market indicate a shift towards green and low-carbon production methods. Technological advancements in the production process and the burgeoning export potential also promise opportunities for market growth. As Asia Pacific continues to increase its urea production capacity, the region solidifies its positioning as a pivotal player in the global urea market.
Source: Straits Research Analysis Company Publications, Primary Interviews.
Asia Pacific Urea Market Highlights
- By market size, Solid led the Type category in 2024.
- The Type segment led by Liquid is estimated to post the fastest growth, sustaining its position as the most lucrative during the forecast timeframe.
- The global urea market size saw Asia Pacific holding a share of 70.11% in 2024.
- China is forecasted to account for the leading share of the global market by 2028.
- In Asia Pacific, India is forecasted to be the fastest-expanding market, projected to reach USD 58503 Million by 2028.
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Report Summary
| Report Scope | Details |
|---|---|
| Base Year for Study | 2024 |
| Study Period | 2021-2028 |
| Historical Period | 2021-2023 |
| Forecast Period | 2025-2028 |
| Market Size In 2024 | USD 69310.93 Million |
| Market Size In 2028 | USD 78959.37 Million |
| Largest segment | Solid |
| Fastest segment | Liquid |
| Units | Revenue in USD Million |
| CAGR | 3.3% (2025-2028) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, Environment & Regulatory Landscape and Trends |
Asia Pacific Urea Market Share By Type
Segmentation Covered
| Segments | Sub Segments |
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| End-use |
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Asia Pacific Urea Market By Country 2028
Source: Straits Research Analysis Company Publications, Primary Interviews.
Asia Pacific Urea Market By Type 2028
Source: Straits Research Analysis Company Publications, Primary Interviews.
Asia Pacific Urea Market By End-use 2028
Source: Straits Research Analysis Company Publications, Primary Interviews.
