Brazil Urea Market Size & Outlook, 2025-2028
Brazil Urea Market Size
According to Straits Research analysis, the Brazil Urea Market was valued at USD 438.91 Million in 2024 and is projected to reach USD 518.9 Million by 2028, expanding at a CAGR of 4.3% during the forecast period. This steady growth is attributed to the market's diversely pervasive applications, with notable emphasis on agriculture and chemical industries. Brazil's prevalent agricultural sector employs urea primarily as a nitrogen fertilizer, boosting crop yields and ensuring food security. In the chemical industry, urea serves as a raw material in the production of resins and adhesives, promoting industrial growth. Opportunities are on the horizon with technological advancements fueling low-carbon production and sustainable practices, further strengthening Brazil's global market position. Moreover, the potential for increased urea exports represents another promising trend. Moving forward, Brazil aims for a strategic balance in driving domestic demand whilst capitalizing on international urea markets.
Source: Straits Research Analysis Company Publications, Primary Interviews.
Brazil Urea Market Highlights
- Within the Type category, Solid dominated in 2024 in terms of market size contribution.
- Over the forecast period, Liquid is forecasted to deliver the fastest growth, positioning it as the most lucrative Type segment.
- In 2024, Brazil accounted for 0.44% of the global urea market size.
- By 2028, China is expected to lead the global urea market in terms of market size.
- Within Latin America, Rest of Latin America is projected to dominate the regional urea market size by 2028.
- Mexico is identified as the fastest-growing market in Latin America, anticipated to reach USD 4707 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 438.91 Million |
| Market Size In 2028 | USD 518.9 Million |
| Largest segment | Solid |
| Fastest segment | Liquid |
| Units | Revenue in USD Million |
| CAGR | 4.3% (2025-2028) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, Environment & Regulatory Landscape and Trends |
Brazil Urea Market Share By Type
Segmentation Covered
| Segments | Sub Segments |
|---|---|
| Type |
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| End-use |
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Brazil Urea Market By Type 2028
Source: Straits Research Analysis Company Publications, Primary Interviews.
Brazil Urea Market By End-use 2028
Source: Straits Research Analysis Company Publications, Primary Interviews.
