Canada Urea Market Size & Outlook, 2025-2028
Canada Urea Market Size
According to Straits Research analysis, the Canada Urea Market was valued at USD 3247.83 Million in 2024 and is projected to reach USD 4542.65 Million by 2028, expanding at a CAGR of 8.7% during the forecast period. The primary drivers for this growth are expansion in the agriculture and energy sectors. Urea's top usage is as a fertilizer in the agricultural industry, providing a rich source of nitrogen. In energy, urea is leveraged for flue gas desulphurisation and used in Selective Catalytic Reduction systems for diesel vehicles. The market also sees demand from the chemical industry for resins and plastics. Emerging trends such as sustainability and green production have led to increased interest in urea for bio-fuel production. Technological advancements continue to pave the way for more efficient and environmentally friendly urea production processes. With its strong focus on sustainable and eco-friendly practices, Canada is poised to be an influential player in the global urea market.
Source: Straits Research Analysis Company Publications, Primary Interviews.
Canada Urea Market Highlights
- By 2024, Solid represented the largest share of the Type market size.
- Liquid is expected to remain the key growth driver within Type, registering the fastest CAGR during the forecast period.
- In 2024, Canada accounted for 3.29% of the global urea market size.
- By 2028, China is expected to lead the global urea market in terms of market size.
- Within North America, United States is projected to dominate the regional urea market size by 2028.
- Canada is identified as the fastest-growing market in North America, anticipated to reach USD 24106 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 3247.83 Million |
| Market Size In 2028 | USD 4542.65 Million |
| Largest segment | Solid |
| Fastest segment | Liquid |
| Units | Revenue in USD Million |
| CAGR | 8.7% (2025-2028) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, Environment & Regulatory Landscape and Trends |
Canada Urea Market Share By Type
Segmentation Covered
| Segments | Sub Segments |
|---|---|
| Type |
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| End-use |
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Canada Urea Market By Type 2028
Source: Straits Research Analysis Company Publications, Primary Interviews.
Canada Urea Market By End-use 2028
Source: Straits Research Analysis Company Publications, Primary Interviews.
