Specialty Urea Market (2023 2055)_Sample Extract

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Topics Slide No Chapter 01: Specialty Urea Market Overview Chapter 01: Specialty Urea Market Overview - 004 Chapter 02: Specialty Urea Market Executive Summary Chapter 02: Specialty Urea Market Executive Summary - 019 Chapter 03: Specialty Urea Market Share Analysis Chapter 03: Specialty Urea Market Share Analysis - 023 Chapter 04: Specialty Urea Market Forces Chapter 04: Specialty Urea Market Forces - 025 Chapter 05: Specialty Urea Market - By Type Chapter 05: Specialty Urea Market - By Type - 038 Chapter 06: Specialty Urea Market - By End User Industry Chapter 06: Specialty Urea Market - By End User Industry - 050 Chapter 07: Specialty Urea Market - By Geography Chapter 07: Specialty Urea Market - By Geography - 060 Copyright ©2024 IndustryARC Copyright ©2024 IndustryARC Inquiry Before Buying +1 518 282 4727 | | | Buy Now sales@industryarc.com

Definition • Specialty urea refers to urea-based fertilizers that are specifically formulated to meet the unique nutrient requirements of certain crops or specific growth stages. These fertilizers are designed to provide targeted nutrient delivery, improved efficiency, and enhanced crop performance. Specialty urea products may contain additives, coatings, or combinations with other nutrients to enhance their effectiveness. • Urea, a commonly used nitrogen fertilizer, has various specialty uses beyond its traditional role in agriculture. Here are some specialty uses of urea: Consumers, Golf courses, Professional lawn care and landscape maintenance, Other professional turf, Nurseries and Greenhouses and Landscapers. • Specialty urea formulations are designed to improve nutrient use efficiency, ensuring that a higher percentage of the applied urea is effectively taken up by plants. This can include technologies such as urease inhibitors, slow-release coatings, or enhanced urea products that reduce nitrogen losses through volatilization, leaching, or denitrification. • Specialty urea finds applications beyond agriculture in various industrial sectors. It is used as a raw material or intermediate in the production of resins, adhesives, plastics, and other chemical compounds. The versatility of urea makes it valuable in industries such as automotive, construction, textiles, and pharmaceuticals., which is driving the demand for Specialty Urea Market. Copyright ©2024 IndustryARC Copyright ©2024 IndustryARC Source: IndustryARC Analysis, Expert Insights Inquiry Before Buying +1 518 282 4727 | | | Buy Now sales@industryarc.com

Segment Outlook By Type By End Use Industry By Geography Control Released Fertilizer (CNF) (Polymer Coated Urea, Sulphur Coated Urea, Sulphur Polymer Coated Urea, Zinc Coated Urea and Others) Slow-Release Fertilizer (SRF) (Urea Formaldehyde, Urea Isobutyraldehyde, Urea Acetaldehyde and Others) • Agriculture Non-Agriculture ▪Consumers ▪Golf courses ▪Professional lawn care and landscape maintenance ▪Other professional turf ▪Nurseries and Greenhouses ▪Landscapers • North America (U.S., Canada and Mexico) • South America (Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, Costa Rica and Rest of South America) • West Europe (Austria, France, Germany and the Netherlands) • Central and East Europe (Poland, Hungary, Romania and Ukraine) • South East Asia (Indonesia, Singapore, Malaysia and Thailand) • North East Asia (Russia, Japan, Korea, and China) • South Asia (India, Iran and Maldives) • Middle East & Africa Copyright ©2024 IndustryARC Copyright ©2024 IndustryARC Source: IndustryARC Analysis, Expert Insights Inquiry Before Buying +1 518 282 4727 | | | Buy Now sales@industryarc.com

Type ❖ The two classifications of Specialty Urea are Control Released Fertilizer (CNF) and Slow-Release Fertilizer (SRF). ❖ Controlled release fertilizers have become one of the fastest-growing fertilizers in mainland China in the last five years, fueled by the Chinese economy's rapid growth and the need to improve fertilizer efficiency, increase crop yield, and reduce fertilizer's environmental impact. As a result, mainland China has emerged as the primary CRF market for both commodity agriculture and agricultural crop markets. ❖ Control Released Fertilizers (CNF) are sub divided into Polymer Coated Urea, Sulphur Coated Urea, Sulphur Polymer Coated Urea, Zinc Coated Urea and Others. ❖ Polymer-Coated Urea is urea granules that have been encapsulated in a biodegradable polymer coating. The polymer coating protects the urea from volatilisation and leaching losses, while also extending the nitrogen release period to better meet crop and pasture needs. For instance, PCU90 is well suited for situations requiring a prolonged nitrogen response and where the cost of multiple nitrogen applications is prohibitively expensive or impractical. ❖ Slow-Release Fertilizers (SRF) are sub divided into Urea Formaldehyde, Urea Isobutyraldehyde, Urea Acetaldehyde and Others. ❖ Slow release fertilizers release nutrients at a slower rate than standard fertilizers. The limitation is that the release (and rate and pattern) are not well controlled and are influenced by other factors such as microbial activity, pH, organic matter, and moisture. ❖ Urea formaldehyde is relatively inexpensive compared to other slow-release technologies. It is derived from readily Copyright ©2024 IndustryARC Copyright ©2024 IndustryARC available raw materials, making it a cost-effective option for slow-release fertilizer production. Source: IndustryARC Analysis, Expert Insights Inquiry Before Buying +1 518 282 4727 | | | Buy Now sales@industryarc.com

End-Use Industry: ❖ The End-Use industries of Specialty Urea include Agriculture , Non-agriculture (Consumers, Golf courses, Professional lawn care and landscape maintenance, Other professional turf, Nurseries and Greenhouses, Landscapers). ❖ Increasing demand for high quality crops, environmental concerns, and need for improved nutrient use efficiency (NUE) is driving the demand for specialty urea in agriculture industry. ❖ Specialty urea has a significant potential for export markets. The expansion of international trade, globalization, and increased demand for specialty chemicals from emerging economies create export opportunities for specialty urea manufacturers, further driving the non-agriculture sector. Geography: ❖ This market has been further divided into main geographic areas, with in-depth analyses of each area, such as North America, South America, West Europe, Central and East Europe, South East Asia, North East Asia, South Asia and Middle East & Africa, covering all of the significant country-level markets in each area. ❖ The Asia-Pacific region, including countries like China, India, and Australia, represents a significant market for specialty urea. Rapidly growing populations, increasing food demand, and a focus on high-value crops drive the adoption of Copyright ©2024 IndustryARC Copyright ©2024 IndustryARC specialty urea formulations in this region. Moreover, environmental concerns and efforts to enhance agricultural productivity contribute to the market's growth. Source: IndustryARC Analysis, Expert Insights Inquiry Before Buying +1 518 282 4727 | | | Buy Now sales@industryarc.com

Research Methodology Flowchart Market Scope & Definition Preliminary Research Data Gathering Data Triangulation Data Synthesis Data Analysis Data Validation Verification Quality Assurance Preliminary Research In the initial stage of research, the scope of Specialty Urea Market is defined. In this preliminary stage, the key data points in the market are identified which can be used to estimate the market to the best extent. The scope of this report primarily Copyright ©2024 IndustryARC Copyright ©2024 IndustryARC focuses on the revenue generated from the services provided by the major players. To better gauge the market, the secondary focus is on different layers of Specialty Urea Market, such as services catering to disparate segments like applications. Inquiry Before Buying +1 518 282 4727 | | | Buy Now sales@industryarc.com

For this market, the volume of Specialty Urea Market as well as the varying price points were identified as key informational conjectures for market estimation in 2022. Market performance and trending market dynamics are some of the key questions that are studied during this stage. It also involves studying market factors and changing trends that are expected to affect the market in the future. Data Gathering Based on the scope of the market and the key data points, several secondary sources have been utilized for data gathering. The data gathering stage comprises a team of analysts who gather data by researching secondary research resources, accessing proprietary databases, and with primary research reaching out to key industry participants and opinion leaders (Sales & Marketing Directors, Services, Managers, Market Intelligence Directors as well as Technical Experts and Administrators) throughout the Specialty Urea ecosystem including end-use environments forming a crucial aspect of the value chain. The key sources for estimations remained the investments made by end-user verticals along with the sales figures of services suppliers in the market. Also, various trade bodies and associations were taken into consideration to understand the dynamics of each industry vertical and their respective investment scenarios. Copyright ©2024 IndustryARC Copyright ©2024 IndustryARC Inquiry Before Buying +1 518 282 4727 | | | Buy Now sales@industryarc.com

Data Synthesis Stakeholders In this stage, a team of analysts incorporates the data that has been gathered by corroborating with various sources. These sources include industry participants, In- Research & Development house models, regulatory bodies key opinion leaders in the market ecosystem, and databases. In this stage, Specialty Urea Manufacturers patterns in historical data are identified and compared with the current scenario. Based on the Macro and Micro Regulatory Bodies/Testing Authorities factors prevalent in various geographies, various data models are used to assess the key countries for the Distributors market. The analysis also includes the identification of new companies that have entered the market scenario End User Segments and their impact on the market dynamics in the future. The data regarding end users is gathered from various Copyright ©2024 IndustryARC Copyright ©2024 IndustryARC secondary sources (given towards the end of the presentation). Inquiry Before Buying +1 518 282 4727 | | | Buy Now sales@industryarc.com

Data Analysis After the corroboration of data, the team of analysts moves toward understanding how the market has evolved over the years. The overall market size is gathered after analyzing various segments and verticals of the market. An impact analysis is also carried out to see which factors will affect the market in the next few years. These factors have been researched concerning prominent economies across different geographic regions to understand their corresponding impact on the market. Verification Data verification is carried out at all stages of research. This stage, however, is dedicated to a more thorough check of all data points, which have been incorporated and rechecked against various data sources. Various C-Level executives and key opinion leaders are contacted for verification of the data. The total market for Specialty Urea Market is verified through the capital expenditure of various industry verticals. The market is also estimated for various key players in each of the service categories, offering another way of cross-validating the data. The data is then summarized and the key findings are disseminated. Copyright ©2024 IndustryARC Copyright ©2024 IndustryARC Inquiry Before Buying +1 518 282 4727 | | | Buy Now sales@industryarc.com

Forecast Methodology Further, time series forecasting methodology is applied based on the various factors such as the service replacement, propensity to buy a service, suppliers and distribution margins along with the trade dynamics of the leading countries across the region. Average weighted ASPs are also considered while estimating the market value in the report. The estimates are further revalidated with the suppliers and Services operating in the market. However, some macroeconomic factors like inflation are not considered. Forecasting model is an iterative tool and is backed with historical trends of the market along with a regressive mathematical model which assesses the value based on factors such as capital expenditure, services, R&D investments and so on. Copyright ©2024 IndustryARC Copyright ©2024 IndustryARC Inquiry Before Buying +1 518 282 4727 | | | Buy Now sales@industryarc.com

Assumptions & Research Methodology for Specialty Urea Market Specialty Urea Market Description • Nominal values (i.e. values are not adjusted w.r.t inflation) are considered in the market estimation • The base year is 2022. The forecast period is between 2023 and 2055. Historic and Forecast Value Average weighted selling prices of the Specialty Urea Market with respect to their diversified application are considered while arriving on the market in terms of volume. Pricing Average year USD exchange is considered for the estimation of historic values and average five years exchange rate is considered for forecast values. Exchange Rate Copyright ©2024 IndustryARC Copyright ©2024 IndustryARC Inquiry Before Buying +1 518 282 4727 | | | Buy Now sales@industryarc.com

HeXa-Grid Paradigm: 6. Data Presentation Data Analysis, Summarization, Key Finding & Reporting is done for efficient dissemination of information 5. Data Triangulation & Validation After data compilation, it is validated with various key opinion leaders and C-level Executives globally 4. Data Interpretation & Assessment Based on the macro and micro factors prevalent in various geographies, proprietary data models are used to assess the key countries for the market 1. Scope Definition: Defining scope of the Report: Analyzing its type, end use industry and Geographic penetration Market Assessment Competitive Landscape 2. Secondary Research: Based on the scope and segmentation, secondary research is done using public, private and subscribed sources 3. Primary Research: Reach out to all the stake holders involved in ecosystem: Copyright ©2024 IndustryARC Industry Experts insights taken to gauge and validate key data points Copyright ©2024 IndustryARC Inquiry Before Buying +1 518 282 4727 | | | Buy Now sales@industryarc.com

Key Insights Global Specialty Urea Market by Product Type in 2022 (Market Size: 2,139.6 kilotons) ❖ Global specialty urea market is reached an estimated volume of 2.1 million tons in 2022 and market is expected to reach 5.4 million tons by 2055 with a CAGR of 2.8% during the forecast period of 2010 to 2022. ❖ Increasing demand for high quality crops, environmental concerns, and need for improved nutrient use efficiency (NUE) is driving the demand for specialty urea market. ❖ Control release urea is the largest product type contributes 72% of the global specialty urea market due to the increasing demand for polymer coated, sulphur coated, polymer sulphur coated in agricultural and non agricultural applications ❖ There is a growing market demand for specialty crops due to changing consumer preferences, increased interest in healthy and sustainable food choices, and the development of niche markets. Specialty crop producers are responding to this demand by adopting advanced fertilizer technologies like Sulphur Coated Urea to optimize crop production, improve quality, and meet consumer expectations. ❖ Urea formaldehyde is primarily used in slow-release fertilizers, which constitute a smaller portion of the overall fertilizer market compared to conventional fast-release fertilizers. However, slow-release fertilizers, including those containing urea formaldehyde, have gained popularity due to their advantages in certain agricultural applications. Polymer Coated Urea CRU 72% Sulphur Coated Urea SRU 28% Sulphur Polymer Coated Urea Zinc Coated Urea Other CRUs Urea Formaldehyde Urea Isobutyraldehyde Urea Acetaldehyde Other SRUs CAGR for Global Specialty Urea Market by Product Type, 2023-2055 Other SRUs Urea Acetaldehyde Urea Isobutyraldehyde Urea Formaldehyde Other CRUs Zinc Coated Urea Copyright ©2024 IndustryARC Copyright ©2024 IndustryARC Sulphur Polymer Coated Urea Sulphur Coated Urea Polymer Coated Urea 0.0% 1.0% 2.0% 3.0% 4.0% Inquiry Before Buying +1 518 282 4727 | | | Buy Now sales@industryarc.com

Key Insight ❖ Agriculture is the largest end-use industry of the specialty urea market and contributes more than 55% of the specialty urea consumption, with a volume of 1,178.9 kilotons in 2022. Global Specialty Urea Market by End Use Industry in 2022 (Market Size: 2,139.6 kilotons) Agriculture Consumers ❖ Agriculture end use industry is expected to witness highest growth over the forecast period 2023 to 2055 Golf courses ❖ Farmers must increase crop yields to feed the world's growing population, which requires more fertilizers. According to Food and Agriculture Organization estimates for 2022, the world needs to produce 60% more food to feed a global population of 9.3 billion or more by 2050. Professional lawn care and landscape maintenance Other professional turf Nurseries and Greenhouses Landscapers ❖ Conventional versions are inefficient and frequently harm the environment. Fortunately, more environmentally friendly products, such as controlled-release fertilizers, are available and becoming increasingly intelligent.. CAGR for Global Specialty Urea Market by End Use Industry, 2023-2055 0.0% 0.5% 1.0% 1.5% 2.0% 2.5% 3.0% 3.5% Agriculture ❖ In 2020, Anuvia Plant Nutrients, a sustainable plant nutrient company, has announced the expansion of their product line for the GreenTRX lawn care fertilizer. Anuvia's proprietary sustainable nutrient delivery technology supports all of the new GreenTRX products. The new GreenTRX products are simple to use. They feature Anuvia's TRX technology and a poly-coated urea, which increases slow release nitrogen while also providing better visibility and an extended feed. Consumers Golf courses Professional lawn care and… Copyright ©2024 IndustryARC Copyright ©2024 IndustryARC Other professional turf Nurseries and Greenhouses Landscapers Inquiry Before Buying +1 518 282 4727 | | | Buy Now sales@industryarc.com

Specialty Urea Market - Drivers Short Term Long Term Medium Term (2025-2039) Drivers (2010-2024) (2040-2055) Growing Demand for Specialty Urea in Agriculture sector. Increasing Environmental Concern. Superior performance properties of Specialty Urea. Increasing demand for consumer lawn, garden and landscaping. Copyright ©2024 IndustryARC Copyright ©2024 IndustryARC Low High Source: IndustryARC Analysis, Expert Insights Inquiry Before Buying +1 518 282 4727 | | | Buy Now sales@industryarc.com

❖ Control Released Urea(CNU) segment of specialty urea market generated a volume of 1530.8 KT in 2022 and is projected to reach a volume of 4,145.6 KT by 2055 growing at a CAGR of 3% during 2023-2055. Polymer coated, sulfer coated, and polymer sulfur coated are the major product type of control release urea. ❖ Controlled release fertilizers have become one of the fastest- growing fertilizers in mainland China in the last five years, fueled by the Chinese economy's rapid growth and the need to improve fertilizer efficiency, increase crop yield, and reduce fertilizer's environmental impact ❖ Florikan®, a leading manufacturer, blender, and distributor of controlled release fertilizer to high-value ornamental horticulture, agriculture, golf, turf, and professional landscape markets worldwide, was acquired by Profile® Products. ❖ ICL has launched eqo.x, a groundbreaking rapidly biodegradable release technology designed for open-field agriculture, launching in a new era for controlled release urea. This innovative solution is accomplished through a coating, which will assist farmers in optimizing agricultural crop performance while minimizing environmental impact by reducing nutrient loss and increasing nutrient use efficiency (NUE) by up to 80%. Control Released Urea (CRU): Specialty Urea Market volume, 2010-2055 (KT) 4,500 4,000 3,500 3,000 Volume (Kilotons) 2,500 2,000 1,500 1,000 500 0 Copyright ©2024 IndustryARC Copyright ©2024 IndustryARC 2010 2015 20202022 2025 2030 20352040 2045 20502055 Source: IndustryARC Analysis, Expert Insights Inquiry Before Buying +1 518 282 4727 | | | Buy Now sales@industryarc.com

❖ Polymer Coated Urea segment of Specialty Urea Market Polymer Coated Urea : Specialty Urea Market volume, 2010-2055 (KT) generated a volume of 778 KT in 2022 and is projected to reach a volume of 2,086.4 KT by 2055 growing at a CAGR of 2,500 3% during 2023-2055. ❖ The polymer coating protects the urea from volatilisation and leaching losses, while also extending the nitrogen release 2,000 period to better meet crop and pasture needs. For instance, PCU90 is well suited for situations requiring a prolonged nitrogen response and where the cost of multiple nitrogen 1,500 Volume (Kilotons) applications is prohibitively expensive or impractical. ❖ The polymer coating acts as a barrier, controlling the release of nitrogen into the soil over an extended period. The 1,000 properties of polymer-coated urea includes Slow-release of nitrogen, Enhanced nutrient use efficiency, Reduced 500 environmental impact, Extended longevity, Reduced risk of crop burn, Improved handling and storage. ❖ In September 2022, The federal government has approved Copyright ©2024 IndustryARC Copyright ©2024 IndustryARC 0 polymer-coated urea for reimbursement from its On-Farm 2010 2015 20202022 2025 20302035 2040 20452050 2055 Climate Action Fund (OFCAF). Source: IndustryARC Analysis, Expert Insights Inquiry Before Buying +1 518 282 4727 | | | Buy Now sales@industryarc.com

❖ Agriculture is the largest end-use industry of the specialty Agriculture: Specialty Urea Market volume, 2010-2055 (KT) urea market and contributes more than 55% of the specialty urea consumption, with a volume of 1,178.9 kilotons in 2022 ❖ Specialty Urea Market is projected to reach a volume of 3,383 4,000 kilotons by 2055 growing at a CAGR of 3.2% during the 3,500 forecast period 2023-2055. ❖ Increasing demand for high quality crops, environmental 3,000 concerns, and need for improved nutrient use efficiency (NUE) is driving the demand for specialty urea in agriculture 2,500 Volume (Kilotons) industry ❖ Farmers must increase crop yields to feed the world's growing 2,000 population, which requires more fertilizers. However, 1,500 conventional versions are inefficient and frequently harm the environment. ❖ Fortunately, more environmentally friendly products, such as 1,000 500 controlled-release fertilizers, are available and becoming increasingly intelligent. According to Food and Agriculture Copyright ©2024 IndustryARC Copyright ©2024 IndustryARC 0 Organization estimates for 2022, the world needs to produce 2010 20152020 2022 2025 20302035 2040 20452050 2055 60% more food to feed a global population of 9.3 billion or more by 2050. Source: IndustryARC Analysis, Expert Insights Inquiry Before Buying +1 518 282 4727 | | | Buy Now sales@industryarc.com

Key company Development ❖ In 2021, Northern Nutrients Ltd. is constructing a sulphur urea specialty fertilizer plant east of Saskatoon. The facility is expected to begin production in the first quarter of 2022. It will initially produce 28,000 tonnes of sulphur urea per year. The product will primarily be used by canola growers in Western Canada. ❖ In August 2022, Sabic Agri-Nutrients Company (Sabic AN) and Saudi Agricultural and Livestock Investment Company (Salic) have joined forces to explore commercial and innovation opportunities to support food security and address climate challenges. Sabic AN is a global agri-nutrients industry leader, manufacturing, distributing, and marketing fertilisers and related specialty products. It provides general to highly specialized fertilizers, urea, ammonia and more. A comprehensive portfolio of nitrogen-based inorganic products, and specialty solutions to customers worldwide. ❖ In July 2022, SABIC Agri-Nutrients Company and BiOWiSH Technologies, Inc. announced a collaboration to develop bio-enhanced mineral fertilizers coated with urea. This fertilizer was successfully tested in nine countries across five continents and nine different crop types. Copyright ©2024 IndustryARC Copyright ©2024 IndustryARC Source: IndustryARC Analysis, Expert Insights Inquiry Before Buying +1 518 282 4727 | | | Buy Now sales@industryarc.com

❖ Middle East and Africa segment of Specialty Urea Market Middle East and Africa : Specialty Urea Market volume, 2010-2055 (KT) generated a volume of 64.2 KT in 2022 and is projected to 250 reach a volume of 236.5 KT by 2055 growing at a CAGR of 4% during 2023-2055. 200 ❖ The major drivers of specialty urea market in the Middle East and Africa are the need for fertilizers to meet higher 150 Volume (Kilotons) food demand and water conservation and efficiency ❖ Agriculture in the Middle East faces challenges such as 100 limited water resources and arable land. Despite these constraints, agriculture remains crucial for food security and 50 self-sufficiency. 0 ❖ Africa is highly vulnerable to climate change impacts, 2010 2015 2020 2022 2025 2030 2035 2040 2045 2050 2055 including droughts, floods, and changing rainfall patterns. Agriculture is a key sector for building climate resilience and Copyright ©2024 IndustryARC Copyright ©2024 IndustryARC adaptation. Sustainable farming practices are the need of the hour. Inquiry Before Buying +1 518 282 4727 | | | Buy Now sales@industryarc.com

Specialty Urea Market (2023 2055)_Sample Extract

Specialty Urea Market (2023 2055)_Sample Extract

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