The global Urea Ammonium Nitrate market stood at approximately 23 million tonnes in 2022 and is anticipated to grow at a CAGR of 3.8% during the forecast period until 2032.
Urea Ammonium Nitrate (UAN) plays a pivotal role in agriculture as a primary nitrogen source for crops. Vital for plant growth, nitrogen is readily accessible in UAN, facilitating absorption through plant roots. Commonly employed for top-dressing and foliar feeding across various crops, UAN demonstrates versatility in enhancing agricultural productivity. Particularly beneficial for grain and cereal crops such as corn, wheat, and barley, UAN fosters vegetative growth, contributing to increased plant height, leaf development, and overall crop yield. Oilseed crops like soybeans, canola, and sunflowers leverage UAN applications to support protein synthesis, ultimately enhancing both yield and quality. UAN's efficacy extends to foliar feeding, providing a swift nitrogen boost during critical growth stages. In grass and forage production, UAN proves instrumental in promoting lush and rapid growth, leading to higher yields of quality forage crucial for livestock. On the basis of type, Urea Ammonium Nitrate market is segmented into – UAN 28, UAN 30, and UAN 32
Crops with elevated nitrogen requirements, including vegetables, lettuce, and leafy greens, benefit from UAN applications, supporting robust vegetative growth. The adaptability of UAN is further exemplified in split applications, where it is applied in multiple doses throughout the growing season, enabling precise nitrogen management based on evolving crop needs. Additionally, UAN finds application in greenhouse settings and horticulture, ensuring a controlled and efficient nitrogen supply for plants in containers or controlled environments. The Urea Ammonium Nitrate (UAN) solution, created by blending urea, nitric acid, and ammonia, constitutes a liquid fertilizer product featuring a nitrogen content typically falling within the range of 28 percent to 32 percent. Urea Ammonium Nitrate's significance in modern agricultural practices is contributing to optimized crop production its market size is likely to expand in the coming years and is anticipated to reach roughly 34 million tonnes by 2032.
Based on region, Asia Pacific region is the largest consumer of Urea Ammonium Nitrate and is poised to maintain its status as the largest consumer of Urea Ammonium Nitrate. Boasting agricultural dominance with populous and agriculturally active nations like China and India, the region experiences a heightened demand for fertilizers, notably UAN, owing to its nitrogen-rich composition. Intensive crop cultivation to meet the demands of a large population emphasizes UAN's role in promoting healthy plant growth and maximizing yields. Accelerated economic growth in the region fuels increased disposable income and a demand for diverse food products, intensifying the need for fertilizers like UAN to bolster agricultural productivity. Government support through subsidies and initiatives further propels UAN adoption, while technological advancements and a burgeoning population necessitate efficient fertilizers, positioning UAN as a pivotal player in ensuring food security through robust plant growth and crop development in the dynamic business landscape of the Asia Pacific region.
Based on the end-user industry, the global Urea Ammonium Nitrate market is divided into Fertilizer and Others. However, Fertilizer industry is the leading consumer of the global Urea Ammonium Nitrate market. This is primarily due to the essential role Urea Ammonium Nitrate plays in providing a readily available and efficient source of nitrogen for crops. As a liquid nitrogen fertilizer, UAN is extensively utilized in agriculture to enhance soil fertility, stimulate plant growth, and maximize crop yields. It is employed as a fertilizer for Cereals, Grains, Oilseeds, Pulses, Fruits and Vegetables. The agricultural sector's reliance on Urea Ammonium Nitrate underscores its pivotal position as the leading consumer, driving the market's demand and significance in global agricultural practices.
Major players in the Global Urea Ammonium Nitrate market are CF Industries, EuroChem Group, Nutrien, Yara International, Acron Group, OCI Global, Achema, Zakłady Azotowe Puławy, Grodno Azot, LSB Industries, and Others.
Years considered for this report:
Historical Period: 2015- 2021
Base Year: 2022
Estimated Year: 2023
Forecast Period: 2024-2032
This report will be delivered on an online digital platform with one-year subscription and quarterly update.
Objective of the Study:
• To assess the demand-supply scenario of Urea Ammonium Nitrate which covers production, demand and supply of Urea Ammonium Nitrate market in the globe.
• To analyse and forecast the market size of Urea Ammonium Nitrate
• To classify and forecast Global Urea Ammonium Nitrate market based on end-use and regional distribution.
• To examine competitive developments such as expansions, mergers & acquisitions, etc., of Urea Ammonium Nitrate market in the globe.
To extract data for Global Urea Ammonium Nitrate market, primary research surveys were conducted with Urea Ammonium Nitrate manufacturers, suppliers, distributors, wholesalers and Traders. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various segments and projected a positive outlook for Global Urea Ammonium Nitrate market over the coming years.
ChemAnalyst calculated Urea Ammonium Nitrate demand in the globe by analyzing the historical data and demand forecast which was carried out considering the production of raw material to produce Urea Ammonium Nitrate. ChemAnalyst sourced these values from industry experts and company representatives and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst.
Key Target Audience:
• Urea Ammonium Nitrate manufacturers and other stakeholders
• Organizations, forums and alliances related to Urea Ammonium Nitrate distribution
• Government bodies such as regulating authorities and policy makers
• Market research organizations and consulting companies
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as Urea Ammonium Nitrate manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years (next two to five years), thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
Report Scope:
In this report, Global Urea Ammonium Nitrate market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Attribute
Details
Market size Volume in 2022
23 million tonnes
Market size Volume in 2032
34 million tonnes
Growth Rate
CAGR of 3.8% from 2023 to 2032
Base year for estimation
2022
Estimated Year
2023
Historic Data
2015 – 2021
Forecast period
2024 – 2032
Quantitative units
Demand in million tonnes and CAGR from 2023 to 2032
Report coverage
Industry Market Size, Capacity by Company, Capacity by Location, Operating Efficiency, Production by Company, Demand by End- Use, Demand by Region, Demand by Sales Channel, Demand-Supply Gap, Demand by type, Company Share, Manufacturing Process.
Segments covered
By End-Use: (Fertilizer and Others)
By Sales Channel: (Direct Sale and Indirect Sale)
Regional scope
North America, Europe, Asia Pacific, Middle East and Africa, and South America.
With the given market data, ChemAnalyst offers customizations according to a company’s specific needs.
In case you do not find what, you are looking for, please get in touch with our custom research team at sales@chemanalyst.com
Market Data & Insights
Table of Content
1. Industry Market Size
It is an essential metric for market analysis, as it provides insights into the overall size and growth potential of Urea Ammonium Nitrate market in terms of value and volume.
2. Capacity By Company
On our online platform, you can stay up to date with essential manufacturers and their current and future operation capacity on a practically real-time basis for Urea Ammonium Nitrate.
3. Capacity By Location
To better understand the regional supply of Urea Ammonium Nitrate by analyzing its manufacturers' location-based capacity.
4. Plant Operating Efficiency
To determine what percentage manufacturers are operating their plants or how much capacity is being currently used.
5. Production By Company [Quarterly Update]
Study the historical annual production of Urea Ammonium Nitrate by the leading players and forecast how it will grow in the coming years.
6. Demand by Type
Learn about the various types of Urea Ammonium Nitrate: UAN 28, UAN 30, and UAN 32, and their demands. It will allow you to choose which type to concentrate on when designing your strategy.
7. Demand by End- Use [Quarterly Update]
Discover which end-user industry (Fertilizer and Others) are creating a market and the forecast for the growth of the Urea Ammonium Nitrate market.
8. Demand by Region
Analyzing the change in demand of Urea Ammonium Nitrate in different regions, i.e., North America, Europe, Asia Pacific, Middle East and Africa, and South America, that can direct you in mapping the regional demand.
9. Demand by Sales Channel (Direct and Indirect)
Multiple channels are used to sell Urea Ammonium Nitrate. Our sales channel will help in analyzing whether distributors and dealers or direct sales make up most of the industry's sales.
10. Demand-Supply Gap
Determine the supply-demand gap to gain information about the trade surplus or deficiency of Urea Ammonium Nitrate.
11. Company Share
Figure out what proportion of the market share of Urea Ammonium Nitrate is currently held by leading players across the globe.
12. Manufacturing Process
Discover insights into the intricate manufacturing process of Urea Ammonium Nitrate.
I am satisfied with overall performance of ChemAnalyst. Weekly updates before the final report were especially helpful and reassuring. Additional requests on the interim and/or final reports were handled in a swift and professional manner
Mr.Shin Dosho
Member - Board of Directors
Osaka Gas Co. Ltd
Disruption Tracker
Disruption Tracker reflect the major shutdown on monthly basis which will help you in
tracking the inventory management and smooth functioning of business. Unforeseen shutdowns and disruptions
resulting in a loss of production capacity to impact the bottom line. The capacity tracker provides industries
with a global view of production and consumption capacity loss that reflects the corresponding conversion factors.
It also highlights the immediate impact on supply due to planned and unplanned outages as well as upcoming start-up
of new capacities. Additionally, it emphasizes how each shutdown—whether due to a maintenance turnaround or a case
of force majeure, affects the plant's operating rate for the given duration. Disruption tracker gives a clear insight
into the worldwide outages affecting the commodity of interest. With every shutdown, it also reflects the impact on
supply of the product in the market at a Global level.
What was the net market size of Urea Ammonium Nitrate in terms of volume in 2022?
Ans:
The global market size of Urea Ammonium Nitrate had reached approximately 23 million tonnes in 2022.
Q2.
Which region is the major consumer of Urea Ammonium Nitrate?
Ans:
Asia Pacific region is the leading consumer of Urea Ammonium Nitrate globally.
Q3.
Do you offer single or multiuser license?
Ans:
Online Access 12 Months – Single User License (Up to 3 users can access the database) Online Access 12 Months – Enterprise License (Up to 10 Users can access the database)
Q4.
Will I get access to the analyst who authored this report?
Ans:
You will have 24/7 access to the analyst during the subscription period.
Our Solutions
Custom Research
We at ChemAnalyst provide tailor-made solutions to our clients based on their requirements which help them in building and expanding their business by developing customized strategy such as sales strategy, GTM Strategy, product portfolio and new product development. Our dedicated team helps clients in getting the best solution for their requirements. We at ChemAnalyst look forward to serving our clients for long term association.
Techno Economic Feasibility Report (TEFR)
ChemAnalyst provide TEFR reports which include market sizing, plant cost (ISBL and OSBL units), financial modelling, covering all the major financial calculations and ratios including production cost, IRR, major technology, licensing fee (if required), and others fixed and variable costs. TEFR reports will help the client to build greenfield project as well as brownfield expansion for a specific geography. Our Team of experts have delivered multiple TEFR reports which help clients in moving ahead of their business competition by grabbing the opportunity and expanding their business portfolio.
Price Benchmarking
Pricing benchmark report provides real-time data perpetuating current market scenarios, in a world that is changing at a rapid pace, having real-time prices is an imperative to make impactful insights and thereby informed decisions. The Price Benchmarking report provides pricing data for an individual market, or group of markets, which can be converted into localized insights and comparable listings. Benchmarking Reports help clients to make informed decisions by construing the data on several filters: region, country, category, grade and subsequently increasing their brand presence. Clients majorly require pricing benchmarks when they opt for a competitive pricing strategy.