Urea is an organic compound that is predominantly used in fertilizers as a source of nitrogen (N) and in applications across the automotive and cosmetics domain.
The high content of nitrogen in urea makes it the most dependent fertilizer among all solid nitrogenous fertilizers used to support high crop yields. Production of crops on a larger scale to cater to consistently rising food demand is predicted to escalate urea consumption. As per the OECD-FAO Agriculture Outlook, global cereal production is estimated to reach around 3,054 Mt by 2029.
For increasing crop production, the introduction of a controlled-release urea technique that uses nitrogen efficiently should support significant industry growth.
Global urea market size is slated to grow considerably by 2027, as per Global Market Insights, Inc.
Get sample copy of this research report @ https://www.gminsights.com/request-sample/detail/4184
In the automotive sector, urea plays a pivotal role in reducing emissions. Automotive grade urea is used in vehicle exhaust systems to eliminate NOx pollutants in exhaust gases from dual fuel, diesel, and natural gas engines.
Stringent government regulations for reducing emission from vehicles and accelerating production of vehicles are likely to fuel the requirement for urea in the automobile domain. The United States Environmental Protection Agency (EPA) proposed revised national greenhouse gas (GHG) emissions norms for light trucks and passenger cars in August 2021, representing high demand for automotive grade urea.
Urea is a also prominent ingredient used in many cosmetic products, such as moisturizers, skin cream, shampoos, and hair conditioners. It acts as a chemical exfoliator in skincare products to help moisturize dry or flaking skin. Rising desire for enhancing physical aesthetics especially among women in developed countries is predicted to propel the adoption of urea-rich cosmetics and personal care products.
Urea creams are used as topical dermatological products for healing many skin problems, such as xerosis, psoriasis, ichthyosis, onychomycosis, keratosis, eczema, corns, keratoderma, and calluses. Moreover, the compound is used for non-surgical debridement of nails. Owing to these numerous health benefits, urea is experiencing exponential demand in medical applications.
Browse complete summary of this research report @ https://www.gminsights.com/industry-analysis/urea-market
The urea industry is anticipated to witness remarkable expansion across North America over the coming years. Controlled-release fertilizing techniques is largely incorporated across farms to enhance crop yields. In a view to adhere by emission regulations by the government, leading automobile makers are incorporating automotive-grade urea in newly manufactured vehicles.
As per the International Organization for Motor Vehicle Manufacturers, around 8.82 million vehicles, including cars and commercial vehicles was produced in 2020. High expenditure on cosmetics and personal care products, along with robust medical infrastructure is slated to complement the North America urea market share in the forthcoming years.
Prominent companies involved in urea manufacturing like Yara International, Inc., Qatar Fertiliser Company (QAFCO), CF Industries, EuroChem, BASF, Acron, CNPC (SASAC), Potash Corporation, SABIC (Saudi Aramco), and Koch Fertilizer, among others are emphasizing on R&D activities to discover novel production technologies to improve product quality and yield.
About Global Market Insights
Global Market Insights Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.
Contact Us
Arun Hegde
Corporate Sales, USA
Global Market Insights Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
