Russia Urea Market Size & Outlook, 2025-2028
Russia Urea Market Size
According to Straits Research analysis The Russia Urea Market was valued at USD 2023.83 Million in 2024 and is projected to reach USD 2625.81 Million by 2028, expanding at a CAGR of 6.7% during the forecast period. Strong demand from the agricultural sector, primarily for urea-based fertilizers, is a major driver. Demand from chemical and energy sectors is also notably contributing to the market growth. Furthermore, technological advancements have enhanced urea production efficiency to higher levels, bolstering market prospects. Emergent trends include green and low-carbon urea production methods and potential for export opportunities. As a lead player in the global urea market, Russia’s strategic investments in production optimization and eco-friendly production capacities will shape the market landscape in the future.
Source: Straits Research Analysis Company Publications, Primary Interviews.
Russia 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.
- In 2024, Russia accounted for 2.05% of the global urea market size.
- By 2028, China is expected to lead the global urea market in terms of market size.
- Within CIS, Russia is projected to dominate the regional urea market size by 2028.
- Russia is identified as the fastest-growing market in CIS, anticipated 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 2023.83 Million |
| Market Size In 2028 | USD 2625.81 Million |
| Largest segment | Solid |
| Fastest segment | Liquid |
| Units | Revenue in USD Million |
| CAGR | 6.7% (2025-2028) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, Environment & Regulatory Landscape and Trends |
Russia Urea Market Share By Type
Segmentation Covered
| Segments | Sub Segments |
|---|---|
| Type |
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| End-use |
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Russia Urea Market By Type 2028
Source: Straits Research Analysis Company Publications, Primary Interviews.
Russia Urea Market By End-use 2028
Source: Straits Research Analysis Company Publications, Primary Interviews.
