Granular Urea Market
Granular urea is a solid nitrogen fertilizer product with 46% nitrogen content. Urea is manufactured by combining carbon dioxide and ammonia. Ammonia and carbon dioxide are heated together at 450 K and 200 Atmospheric pressure. The reaction generates ammonium carbamate, which decomposes to form urea. The granules of urea are made by passing liquid urea through a fluid bed granulation system. A stabilizing compound, formaldehyde, is added to granular urea to reduce its critical humidity and improves its storage and handling properties. Granular urea’s major application is found in agriculture and polymer industry. It is also used in diesel engines of cars, lorries, and buses for reducing air pollution. Apart from these applications, it is also used as a cattle feed supplement.
Market Dynamics
Key initiatives taken by governments in emerging economies such as India for promotion of granular urea is expected to boost market growth of granular urea over the forecast period. For instance, in 2020, Ministry of Chemicals & Fertilizers of India, made it mandatory for all domestic manufacturers of urea to produce 100% neem coated urea (NCU). The decision was taken to boost growth of wheat and paddy crops, and curb the black marketing and hoarding of urea.
Key players operating in the granular urea market are focusing on various strategies such as mergers & acquisitions in order to increase their market presence.
Key features of the study:
Detailed Segmentation:
“*” marked represents similar segmentation in other categories in the respective section.
Detailed Segmentation:
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