Global Urea Market Size & Outlook, 2025-2028
Global Urea Market Size
According to Straits Research analysis, the Global Urea Market was valued at USD 98857.5 Million in 2024 and is projected to reach USD 118591.21 Million by 2028, expanding at a CAGR of 4.7% during the forecast period. This growth is driven by urea's primary applications in the agriculture sector as a nitrogen-release fertilizer, and in the chemical industry where it's used in the production of resins and adhesives. Moreover, its role in the energy sector as a raw material for urea-containing diesel exhaust fluid is propelling demand. Emerging opportunities include advancements in technology for green production and increased export potential due to growing global agriculture needs. As countries worldwide continue to focus on sustainability, the adoption of low-carbon urea production methods is anticipated to strengthen their positioning in the market. The forecast signifies a growing, dynamic global urea industry.
Source: Straits Research Analysis Company Publications, Primary Interviews.
Global Urea Market Highlights
- By 2024, Solid represented the largest share of the Application market size.
- Liquid is expected to remain the key growth driver within Application, registering the fastest CAGR during the forecast period.
- As of 2024, Global held % of the global urea market size.
- By 2028, China is anticipated to capture the largest share of the global urea market.
- In Global, North America is expected to lead the regional urea market size by 2028.
- Asia Pacific will remain the fastest-growing market in Global, reaching USD 215275.32 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 98857.5 Million |
| Market Size In 2028 | USD 118591.21 Million |
| Largest segment | Solid |
| Fastest segment | Liquid |
| Units | Revenue in USD Million |
| CAGR | 4.7% (2025-2028) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, Environment & Regulatory Landscape and Trends |
Global Urea Market Share By Application
Segmentation Covered
| Segments | Sub Segments |
|---|---|
| Region |
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| Application |
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| End-use |
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Global Urea Market By Region 2028
Source: Straits Research Analysis Company Publications, Primary Interviews.
Global Urea Market By Application 2028
Source: Straits Research Analysis Company Publications, Primary Interviews.
Global Urea Market By End-use 2028
Source: Straits Research Analysis Company Publications, Primary Interviews.
