Mexico Urea Market Size & Outlook, 2025-2028
Mexico Urea Market Size
According to Straits Research analysis, the Mexico Urea Market was valued at USD 1317.52 Million in 2024 and is projected to reach USD 1608.15 Million by 2028, expanding at a CAGR of 5.1% during the forecast period. Primary drivers for this growth stem from agricultural, chemical, and energy sectors where urea is commonly utilized as a fertilizer, a raw material in manufacturing, and in NOx control in power and heat generating plants. Moreover, Mexico's commitment to sustainable and green production has sparked innovation for less carbon-intensive urea production, presenting further market opportunities. Additionally, technology advancements have boosted export potential in a globally competitive landscape. In the future, Mexico's strategies in the urea market are poised to position it as a leading player with environmentally friendly, high export capacity.
Source: Straits Research Analysis Company Publications, Primary Interviews.
Mexico 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.
- As of 2024, Mexico held 1.33% of the global urea market size.
- By 2028, China is anticipated to capture the largest share of the global urea market.
- In Latin America, Rest of Latin America is expected to lead the regional urea market size by 2028.
- Mexico will remain the fastest-growing market in Latin America, reaching 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 1317.52 Million |
| Market Size In 2028 | USD 1608.15 Million |
| Largest segment | Solid |
| Fastest segment | Liquid |
| Units | Revenue in USD Million |
| CAGR | 5.1% (2025-2028) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, Environment & Regulatory Landscape and Trends |
Mexico Urea Market Share By Type
Segmentation Covered
| Segments | Sub Segments |
|---|---|
| Type |
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| End-use |
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Mexico Urea Market By Type 2028
Source: Straits Research Analysis Company Publications, Primary Interviews.
Mexico Urea Market By End-use 2028
Source: Straits Research Analysis Company Publications, Primary Interviews.
