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
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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.
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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.
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