Vietnam Urea Market Size & Outlook, 2025-2028
Vietnam Urea Market Size
According to Straits Research analysis, the Vietnam Urea Market was valued at USD 2668.47 Million in 2024 and is projected to reach USD 3134.69 Million by 2028, expanding at a CAGR of 4.1% during the forecast period. The growth is driven primarily by increased demand from agriculture, chemical industries, and energy sectors. Specifically, uses include crop fertilization, urea-formaldehyde resins production, and nitrogen-based fuel cells. An emerging trend in the market is the production of low-carbon urea, spurred by advancements in sustainable technology. Vietnam's export potential is mounting due to its escalating manufacturing capabilities. Looking forward, Vietnam is strategically positioning itself as a key player in the global urea market, driven by industrial innovations and environmentally-friendly production methods.
Source: Straits Research Analysis Company Publications, Primary Interviews.
Vietnam Urea Market Highlights
- By segment, Solid emerged as the largest Type in terms of market size in 2024.
- Liquid is anticipated to remain the most attractive Type segment, recording the fastest growth during the forecast period.
- In 2024, Vietnam accounted for 2.7% of the global urea market size.
- By 2028, China is expected to lead the global urea market in terms of market size.
- Within Asia Pacific, China is projected to dominate the regional urea market size by 2028.
- India is identified as the fastest-growing market in Asia Pacific, anticipated to reach 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 2668.47 Million |
| Market Size In 2028 | USD 3134.69 Million |
| Largest segment | Solid |
| Fastest segment | Liquid |
| Units | Revenue in USD Million |
| CAGR | 4.1% (2025-2028) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, Environment & Regulatory Landscape and Trends |
Vietnam Urea Market Share By Type
Segmentation Covered
| Segments | Sub Segments |
|---|---|
| Type |
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| End-use |
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Vietnam Urea Market By Type 2028
Source: Straits Research Analysis Company Publications, Primary Interviews.
Vietnam Urea Market By End-use 2028
Source: Straits Research Analysis Company Publications, Primary Interviews.
