India Urea Market Size & Outlook, 2025-2028
India Urea Market Size
According to Straits Research analysis, the India Urea Market was valued at USD 10992.71 Million in 2024 and is projected to reach USD 12807.21 Million by 2028, expanding at a CAGR of 3.9% during the forecast period. The chief demand for urea in India comes from its agricultural sector, predominantly for the production of fertilizers, paints, and plastics. As India continues to push for higher agricultural output, it is expected to drive this demand further. Additionally, use of urea in the chemical industry as a raw material for the manufacture of resins and adhesives continues to rise. Increased focus on sustainable farming practices and the potential for low-carbon production provides significant growth opportunities. Moreover, India’s continued investment in the urea industry has positioned the country as a potential export hub for the Asian Markets. The country's concentration on improving production efficiency signifies immense potential for market expansion.
Source: Straits Research Analysis Company Publications, Primary Interviews.
India Urea Market Highlights
- Solid held the leading position among Type segments in 2024, based on market size.
- Liquid is projected to post the fastest growth rate, sustaining its position as the most attractive Type segment during the forecast horizon.
- As of 2024, India held 11.12% of the global urea market size.
- By 2028, China is anticipated to capture the largest share of the global urea market.
- In Asia Pacific, China is expected to lead the regional urea market size by 2028.
- India will remain the fastest-growing market in Asia Pacific, reaching 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 10992.71 Million |
| Market Size In 2028 | USD 12807.21 Million |
| Largest segment | Solid |
| Fastest segment | Liquid |
| Units | Revenue in USD Million |
| CAGR | 3.9% (2025-2028) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, Environment & Regulatory Landscape and Trends |
India Urea Market Share By Type
Segmentation Covered
| Segments | Sub Segments |
|---|---|
| Type |
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| End-use |
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India Urea Market By Type 2028
Source: Straits Research Analysis Company Publications, Primary Interviews.
India Urea Market By End-use 2028
Source: Straits Research Analysis Company Publications, Primary Interviews.
