The Global Urea Market was valued at US$ 77,280 million in 2022 and is projected to reach US$ 73,380 million by 2029, exhibiting a slight adjustment at a Compound Annual Growth Rate (CAGR) of -0.7% during the forecast period (2022–2029). This market, while experiencing price volatility and margin pressures, remains critically important due to its fundamental role in global food security and industrial manufacturing. The dynamics are being shaped by shifting energy prices, regional production capacities, and the continuous demand for nitrogen-based fertilizers, particularly from the agricultural sector.

As global population growth and climate variability put pressure on agricultural yields, urea’s role as an efficient nitrogen source is more crucial than ever. The market is characterized by a mix of state-owned enterprises, global chemical giants, and regional powerhouses. In this blog, we profile the Top 10 Companies in the Urea Industry—key producers who are driving production efficiency, supply chain logistics, and innovation in one of the world’s most essential chemical markets.

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🔟 1. Yara International

Headquarters: Oslo, Norway
Key Offering: Granular Urea, Urea Ammonium Nitrate (UAN), Specialty Fertilizers

Yara International is a global leader in mineral fertilizers and the world’s largest urea trader. The company operates production plants in Europe, the Americas, Africa, and Asia, leveraging its extensive distribution network to supply farmers worldwide with crop nutrition solutions.

Sustainability and Innovation Initiatives:

• Pioneering the production of green and blue ammonia to decarbonize fertilizer value chains.

• Digital farming platforms (e.g., YaraFarm) to promote precision agriculture and optimize urea application.

• Committed to achieving carbon-neutral production by 2050.

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9️⃣ 2. Qatar Fertiliser Company (QAFCO)

Headquarters: Doha, Qatar
Key Offering: Granular Urea, Urea Formaldehyde (UF)

QAFCO is one of the world’s largest single-site urea producers, with a massive production capacity exceeding 4 million metric tons per year. Its strategic location and access to low-cost natural gas feedstock make it a dominant force in the global export market.

Sustainability and Innovation Initiatives:

• Continuous investment in energy-efficient production technologies to minimize environmental footprint.

• Expansion projects (QAFCO 6) aimed at increasing production capacity to meet growing global demand.

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8️⃣ 3. OCI N.V.

Headquarters: Amsterdam, Netherlands
Key Offering: Granular Urea, Urea Ammonium Nitrate (UAN), Diesel Exhaust Fluid (DEF)

OCI is a global producer and distributor of nitrogen products, with major production facilities in the United States, the Netherlands, and Algeria. The company strategically connects low-cost production regions with high-demand markets in Europe and the Americas.

Sustainability and Innovation Initiatives:

• Investing in clean hydrogen and ammonia projects to transition to low-carbon nitrogen products.

• Focus on DEF production to serve the growing market for emissions control in the transportation sector.

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7️⃣ 4. CF Industries Holdings, Inc.

Headquarters: Deerfield, Illinois, USA
Key Offering: Granular Urea, Urea Ammonium Nitrate (UAN), Ammonia

CF Industries is a leading nitrogen fertilizer manufacturer in North America, operating some of the continent’s largest and most efficient ammonia and urea production complexes. The company is a key supplier to the U.S. agricultural sector.

Sustainability and Innovation Initiatives:

• Ambitious blue ammonia project at its Donaldsonville, Louisiana facility to significantly reduce carbon emissions.

• Development of CO2 capture and sequestration infrastructure to decarbonize operations.

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6️⃣ 5. EuroChem Group

Headquarters: Zug, Switzerland
Key Offering: Granular Urea, Ammonium Nitrate, Potash

EuroChem is a leading global fertilizer company with integrated production from mine to farm. The company has significantly expanded its urea production capacity with new world-scale plants in Russia, strengthening its position in European and international markets.

Sustainability and Innovation Initiatives:

• Vertical integration strategy to secure control over raw materials and ensure supply chain stability.

• Investment in advanced production facilities with high energy efficiency standards.

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5️⃣ 6. KOCH Industries (Koch Fertilizer)

Headquarters: Wichita, Kansas, USA
Key Offering: Granular Urea, Urea Ammonium Nitrate (UAN)

Koch Fertilizer, a subsidiary of KOCH Industries, is a major player in the North American nitrogen fertilizer market. The company operates a network of production and storage facilities, serving customers through an extensive distribution system.

Sustainability and Innovation Initiatives:

• Focus on operational excellence and process optimization to enhance production efficiency and reduce waste.

• Investment in supply chain logistics to ensure reliable delivery to agricultural hubs.

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4️⃣ 7. Nutrien Ltd.

Headquarters: Saskatoon, Canada
Key Offering: Granular Urea, Ammonia, Potash, Potash

Formed from the merger of PotashCorp and Agrium, Nutrien is the world’s largest provider of crop inputs and services. It has a substantial nitrogen production footprint in North America and a vast retail network that connects its products directly to farmers.

Sustainability and Innovation Initiatives:

• Commitment to sustainable agriculture through its integrated digital and retail platform.

• Exploring carbon capture and other technologies to lower the carbon intensity of its nitrogen production.

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3️⃣ 8. SABIC (Saudi Basic Industries Corporation)

Headquarters: Riyadh, Saudi Arabia
Key Offering: Granular Urea, Agri-Nutrients, Industrial Chemicals

SABIC is a global chemical giant with a significant agri-nutrients business. Leveraging its access to advantaged hydrocarbon feedstocks in Saudi Arabia, SABIC is a major and cost-competitive urea exporter to markets across Asia, Africa, and the Americas.

Sustainability and Innovation Initiatives:

• Developing blue and green ammonia projects as part of Saudi Arabia’s broader circular carbon economy strategy.

• Innovation in specialty fertilizers and controlled-release technologies to enhance nutrient use efficiency.

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2️⃣ 9. China National Petroleum Corporation (CNPC)

Headquarters: Beijing, China
Key Offering: Prilled Urea, Granular Urea

As one of China’s largest state-owned enterprises, CNPC has a massive petrochemical and fertilizer division. It operates numerous urea production facilities across China, catering primarily to the vast domestic agricultural market, which is the largest in the world.

Sustainability and Innovation Initiatives:

• Focus on consolidating and upgrading domestic production capacity to improve energy efficiency and meet environmental standards.

• Investment in coal-to-chemicals technology, a key process for urea production in China.

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1️⃣ 10. Indian Oil Corporation Limited (IOCL)

Headquarters: New Delhi, India
Key Offering: Prilled Urea, Specialty Urea formulations

Indian Oil Corporation, a Maharatna Public Sector Undertaking, is a major player in India’s fertilizer sector. It produces urea to support the Indian government’s initiatives to achieve self-sufficiency in food grain production, operating plants that are crucial to the country’s fertilizer subsidy program.

Sustainability and Innovation Initiatives:

• Emphasis on producing neem-coated urea to improve nitrogen use efficiency and reduce environmental leaching.

• Upgrading existing facilities with energy-saving technologies to reduce the carbon footprint of production.

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🌍 Outlook: The Future of Urea is Smarter and More Sustainable

The global urea market is navigating a complex landscape of energy transitions, geopolitical shifts, and the urgent need for sustainable agriculture. While volume growth may be modest, the industry is increasingly focused on value-added products, carbon footprint reduction, and supply chain resilience.

📈 Key Trends Shaping the Market:

• Energy Transition Impact: Fluctuating natural gas prices and policies promoting green ammonia are reshaping production economics and investment strategies.

• Precision Agriculture: Growing demand for specialty urea formulations, such as controlled-release and stabilized urea, to enhance nutrient efficiency and minimize environmental impact.

• Regional Dynamics: China’s focus on domestic food security and environmental controls, alongside expansion in the Middle East and North Africa, continues to alter global trade flows.

• Industrial Demand: Steady growth in non-fertilizer applications, including urea-formaldehyde resins, melamine, and Diesel Exhaust Fluid (DEF), provides diversification for producers.

The companies listed above are not only supplying a critical input for global food production—they are at the forefront of adapting a traditional industry to the demands of the 21st century.

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