Urea Price Chart, Trend, News, Index, Prices, Forecast and Historical Prices Analysis
Urea Price in USA
United States: 470 USD/MT
During the fourth quarter of 2023, the price of urea in the USA stood at 470 USD/MT. Urea experienced a decrease in prices during this period, primarily attributed to a blend of moderate demand and logistical challenges.
The latest report by IMARC Group, titled "Urea Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data," provides a thorough examination of the Urea Price Trend. This report delves into the price of Urea globally, presenting a detailed analysis, along with informative Urea Price Chart. Through comprehensive Urea Price analysis, the report sheds light on the key factors influencing these trends. Additionally, it includes historical data to offer context and depth to the current pricing landscape. The report also explores the Urea Demand, analyzing how it impacts market dynamics. To aid in strategic planning, the price forecast section provides insights into price forecast, making this report an invaluable resource for industry stakeholders.
Urea Prices December 2023:
United States: 470 USD/MT
China: 350 USD/MT
Europe: 410 USD/MT
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The study delves into the factors affecting urea price variations, including alterations in the cost of raw materials, the balance of supply and demand, geopolitical influences, and sector-specific developments.
The report also incorporates the most recent updates from the market, equipping stakeholders with the latest information on market fluctuations, regulatory modifications, and technological progress. It serves as an exhaustive resource for stakeholders, enhancing strategic planning and forecast capabilities.
Request For a Sample Copy of the Report: https://www.imarcgroup.com/urea-pricing-report/requestsample
Urea Price Trend- Q4 2023
Urea, also known as carbamide, is an organic compound that is a colorless and odorless solid. It is highly soluble in water and non-toxic. It is synthesized on an industrial scale through the Bosch-Meiser urea process, also known as the Haber-Bosch process, which involves reacting ammonia with carbon dioxide under high pressure and temperature to form urea and water. It is the main nitrogen-containing substance in the urine of mammals, which is used by the body to excrete excess nitrogen. It assists in enhancing soil nitrogen levels and improving soil fertility and crop yields. In addition, it aids in rehydrating the skin and treating dry or rough skin conditions.
Urea Market Analysis
The global urea market size reached US$ 51.9 Billion in 2023. By 2032, IMARC Group expects the market to reach US$ 59.9 Billion, at a projected CAGR of 1.60% during 2023-2032. Presently, the rising utilization of urea in certain medical diagnostic tests, such as the urea breath test for detecting Helicobacter pylori infection, represents one of the key factors impelling the growth of the market. In line with this, the growing demand for urea as an agriculture fertilizer due to the thriving agriculture sector, coupled with the increasing need to achieve high crop yields to meet food security goals, is offering a favorable market outlook. In addition, the rising adoption of urea on account of its low cost as compared to other nitrogenous fertilizers is bolstering the market growth. Besides this, innovations in urea production and application methods improve efficiency and reduce costs, which is supporting the market growth. Furthermore, the growing demand for protein-rich animal feed, along with the increasing employment of urea in industrial applications, such as in the production of resins and adhesives, is positively influencing the market. Apart from this, the rising adoption of urea in laboratories to denature proteins and study their structures is contributing to the growth of the market. Additionally, stricter environmental regulations, particularly in the automotive industry are catalyzing the demand for urea-based diesel exhaust fluid (DEF) to reduce emissions across the globe.
Key Points Covered in the Urea Pricing Report:
The report delivers the following key findings, alongside a comprehensive breakdown of prices by region:
Urea Prices
Urea Price Trend
Urea Demand & Supply
Urea Market Analysis
Demand Supply Analysis by Type
Demand Supply Analysis by Application
Demand Supply Analysis of Raw Materials
Urea Price Analysis
Urea Industry Drivers, Restraints, and Opportunities
Urea News and Recent developments
Global Event Analysis
List of Key Players
Regional Price Analysis:
Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand
Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal, and Greece
North America: United States and Canada
Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru
Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco
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Note: The current country list is selective, detailed insights into additional countries can be obtained for clients upon request.
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