CIS Urea Market Size
According to Straits Research analysis, the CIS Urea Market was valued at USD 4440.17 Million in 2024 and is projected to reach USD 5700.86 Million by 2024, expanding at a CAGR of 6.4% during the forecast period. Dominant applications in agriculture and high-demand industries drive this market's growth due to urea's use in fertilizers and industrial chemicals. Additionally, increasing adoption in the energy sector as a NOx-reducing agent for power plants and motor vehicles is boosting demand. There is an observable trend towards green production methods responding to sustainable development goals, while technological advancements in production techniques enhance efficiency. High domestic production in the CIS region creates tremendous export potential. Looking ahead, the CIS region is transforming its urea market dynamics through industrial expansion, sustainable practices, and export strategies.
Source: Straits Research Analysis Company Publications, Primary Interviews.
CIS Urea Market Highlights
- Solid represented the largest share of the Type market in terms of size in 2024.
- Among the Type segments, Liquid is forecasted to achieve the highest growth and remain the most lucrative through the forecast period.
- The global urea market size saw CIS holding a share of 4.49% in 2024.
- China is forecasted to account for the leading share of the global market by 2028.
- In CIS, Russia is forecasted to be the fastest-expanding market, projected to reach USD 2625.81 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 4440.17 Million |
| Market Size In 2028 |
USD 5700.86 Million |
| Largest segment |
Solid |
| Fastest segment |
Liquid |
| Units |
Revenue in USD Million |
| CAGR |
6.4% (2025-2028) |
| Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, Environment & Regulatory Landscape and Trends |
CIS Urea Market Share By Type
Segmentation Covered
| Segments |
Sub Segments |
| Country |
- Russia
- Ukraine
- Rest of CIS
|
| Type |
- Liquid
- Solid
|
| End-use |
- Agriculture
- Chemical
- Automotive
- Medical
- Others
|
CIS Urea Market By Country 2028
Source: Straits Research Analysis Company Publications, Primary Interviews.
CIS Urea Market By Type 2028
Source: Straits Research Analysis Company Publications, Primary Interviews.
CIS Urea Market By End-use 2028
Source: Straits Research Analysis Company Publications, Primary Interviews.