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Technical grade urea is a compound organic in nature. Urea is significant in the metabolism of compounds which contain nitrogen. It is a solid, odorless, colorless, highly soluble in water, and practically non-toxic in nature. It easily gets diluted with water. The human body uses urea in many processes , in particular the excretion of nitrogen. The liver shapes it in the urea cycle, by mixing two molecules of ammonia with a carbon dioxide molecule. Urea is broadly used as a source of nitrogen in fertilizers, and is an essential raw material for the chemical industry, laminated boards and animal feed.
Growing agriculture sector worldwide, it is expected that adblue usage will raise, which in turn would significantly boost the usage of technical grade urea. It is also used in fertilizer processing and thus increases the demand for fertilizer to create massive yield and ease of use would facilitate market growth. However, product manufacturing can lead to environmental issues related to contamination of ammonia in air or water due to inadequate maintenance of the factory which could lead to health danger. Product exposure may lead to contact dermatitis including scratching discoloration and pain.
Key Market Driver -
Stringent environment regulations coupled with increasing demand for fertilizers are likely to boost the demand for urea.
Key Market Restraint -
However, health hazards regarding urea are likely to restrain the market.
Based on product, the market for technical urea is segmented into small particles(0.85mm-2.8mm), medium particles(1.18mm-3.35mm), large particles(2mm-4.75mm). On the basis of application, the market is cassified into agriculture, chemical, automotive, and medical. From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
The technical urea is highly fragmented, with number of players operating in the global markets. Some of the key players in the technical urea include, Yara, S.A., AurePio, PREMMIER, Fertiberia, Ishita International, URALCHEM, HELM AG, Borealis and others.
The technical urea market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The Asia-Pacific region had the largest share of the market. Advancements in the agriculture sector are increasing in countries such as India and China with the population growth. This leads in a rise in nitrogen fertilizer use thus driving the market. In addition , China is one of the biggest urea-formaldehyde resin producers in the world. Because of the growing demand for urea-formaldehyde resin in China, therefore, urea consumption is also projected to increase. Due to its application in agriculture, and medical care, urea market size of North America, led by Canada and the U.S. is set to grow steadily over the predicted time frame. The US has the highest per capita health care expenditure and would have a positive effect on market growth. Urea is often used in many creams as a base ingredient and with rising demand for cosmetics, production for urea of a technical grade is able to intensify. Europe holds a large market share. With the technical developments in the automotive sector complying with the environmental regulations, the use of urea in to minimize combustion nitrogen oxide emissions is growing. Over the projected time frame, Middle East and Africa are expected to rise moderately. GCC countries are likely to contribute to the global market as a result of strict environmental standards in automobile manufacturing along with the growth of automotive electrochemical reactor systems employing carbamide absorption is likely to foster growth in industry. Latin America predicted to experience steady growth due to improving economic conditions and regional stability.
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