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Aug 13, 2020 (Market Insight Reports) —
The global urea market is primarily driven by factors such as increased application of urea in the cattle industry along with the agricultural sector. In addition, there has been a significant rise in the use of urea as a fertilizer in the agricultural sector. Moreover, to increase the amount of nitrogen in the soil, urea plays a significant role, which is one of the major attributes driving the demand for the global urea market.
In addition, there is a strategic alliance between major players is also likely to boost the growth for the market in the upcoming years. Moreover, there has been a rapid growth in the emerging market and also contributes to the significant rise in the urea market. Moreover, there are several players in the market, which are boosting the use of urea in the global urea market.
In addition, there has been a significant use of urea in the automotive industry, which will contribute to the growth of the market. In addition, the low cost of urea is one of the major driving factor for the growth of the global urea market. However, there are stringent regulations introduced by the government which is likely to hinder the growth of the market in the upcoming years. Moreover, some of the harmful effects of urea is hindering the market growth for the forecast period.
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The global urea market is segmented into several factors such as type of technological methods, end user and application and geography. On the basis of type of methods of technological methods, the market is further bifurcated into stamicarbon technology, snamprogetti, conventional technologies and others. On the types of application and end user, it is segmented as agriculture, industrial and others. On the basis of geography, the market is further fragmented in to Europe, Asia Pacific, North America, and MEA.
Scientists all across the world are trying to utilize nitrogen in different ways to make potential use of this element. Urea is being increasingly used in reduction of air pollution caused due to vehicles running on diesel. Due to high temperature created due to diesel engines, nitrogen and oxygen get a conducive environment to react together and produce nitric acid. A simple way to reduce this pollutant is to allow its reaction with ammonia to form nitrogen. Many new age vehicles use stations installed with urea tanks. Urea is added to the exhaust gases as a 32% aqueous solution often known as BlueTEC. Mercedes has launched Mercedes-Benz E-Class E300 BlueTEC Hybrid car to test the power of urea in the automotive industry.
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Key Segments of the Global Urea Market:
Technology Overview, 2013-2025 (Kilo Tons) (USD Million)
Stamicarbon technology
SnamProgetti / Saipem technology
Conventional technologies
Others
Application Overview, 2013-2025 (Kilo Tons) (USD Million)
Agriculture
Industrial
Others
Regional Overview, 2013-2025 (Kilo Tons) (USD Million)
North America
U.S.
Rest of North America
Europe
Western Europe
Central and Eastern Europe (CEE)
Asia-Pacific
China
India
ASEAN
Rest of Asia Pacific
South America
Brazil
Rest of South America
Middle East & Africa
Egypt
Rest of Middle East & Africa
Some Points from Table of Content:
Chapter 1. Executive Summary
Chapter 2. Research Methodology
Chapter 3. Market Outlook
Chapter 4. Market Overview by Technology
Chapter 5. Market Overview by Application
Chapter 6. Market Overview by Region
Chapter 7. Company Profiles
Some Points from List of Figures:
1 Market segmentation
2 Global urea market, 2013 – 2025 (Kilo Tons) (USD Million)
3 Market value chain
4 Porter’s Five Forces analysis
5 PESTEL analysis
6 Company market share, 2017 (%)
7 Market share, by technology, 2017 & 2025 (%)
8 Global Stamicarbon urea technology market, 2013 – 2025 (Kilo Tons) (USD Million)
9 Global SnamProgetti / Saipem urea technology market, 2013 – 2025 (Kilo Tons) (USD Million)
10 Global conventional urea technologies market, 2013 – 2025 (Kilo Tons) (USD Million)
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