Australia Urea Market Size & Outlook, 2025-2028
Australia Urea Market Size
According to Straits Research analysis, the Australia Urea Market was valued at USD 2841.75 Million in 2024 and is projected to reach USD 3174.17 Million by 2028, expanding at a CAGR of 2.8% during the forecast period. The main drivers for this growth are its application in agriculture as a fertiliser and its usage in various industries as a raw material for the manufacturing of resins and plastics. The agriculture industry, in particular, is expected to fuel the demand, with urea accounting for nearly two-thirds of all nitrogenous fertilisers used in Australia. Emerging trends such as green production, sustainability in farming, and technological advancements in fertilizer application are creating exciting opportunities. The market also benefits from robust export potential. Going forward, Australia is strategically positioning itself as a vital player in the global urea supply, capitalising on its abundant natural resources and advancements in green production methods.
Source: Straits Research Analysis Company Publications, Primary Interviews.
Australia Urea Market Highlights
- By segment, Solid emerged as the largest Type in terms of market size in 2024.
- Liquid is anticipated to remain the most attractive Type segment, recording the fastest growth during the forecast period.
- In 2024, Australia represented 2.87% of the overall global urea market size.
- China is projected to lead the global urea market size by 2028.
- Across Asia Pacific, China is anticipated to hold the dominant position in market by 2028.
- India is forecasted to expand at the fastest pace in Asia Pacific, attaining 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 2841.75 Million |
| Market Size In 2028 | USD 3174.17 Million |
| Largest segment | Solid |
| Fastest segment | Liquid |
| Units | Revenue in USD Million |
| CAGR | 2.8% (2025-2028) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, Environment & Regulatory Landscape and Trends |
Australia Urea Market Share By Type
Segmentation Covered
| Segments | Sub Segments |
|---|---|
| Type |
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| End-use |
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Australia Urea Market By Type 2028
Source: Straits Research Analysis Company Publications, Primary Interviews.
Australia Urea Market By End-use 2028
Source: Straits Research Analysis Company Publications, Primary Interviews.
