Market Study: Urea

Market Study Urea: 33 Countries, 112 Producers, 530 Pages

Market Study: Urea

Global urea revenues from 2003 to 2019, in billion US$ - divided by regions

Sample chart from chapter 2 Market analyses on production and sales volumes as well as revenues

2003

2005

2007
Western Europe South America Africa

2009

2011
Eastern Europe Asia-Pacific

2013p

2015p
North America Middle East

2017p

2019p

CR-graphics

p=prognosis

The market research institute Ceresana forecasts market value of the worldwide urea market to increase to around US$96 billion in 2019 at dynamic growth rates. Growing population increases the demand for foodstuffs. As less acreage is dedicated to crop cultivation, yield per hectare has to be increased. Therefore, more urea is used as fertilizer. Ceresana Research forecasts urea demand to rise at an average annual rate of 3.2% over the next years. Asia-Pacific already is the largest sales market for urea, accounting for almost two thirds of total demand, followed by North America. In the next eight years, Asia-Pacific will gain additional market shares. Market researchers at Ceresana expect populous countries such as China and India to expand their position in the worldwide urea market.

Changes in regional demand will also have an effect on the production structure of manufacturers. The global urea capacity of approximately 184 million tonnes is anticipated to be expanded by 71 million tonnes in 2019. Almost 50% of these new capacities will be built in the Asia-Pacific region. Another major producing region is the Middle East, due to a number of natural gas resources that offer ideal conditions for production. This worldwide most comprehensive report analyzes how the use of urea in agriculture on one hand and industry on the other will develop. A large part of urea consumption takes place in agriculture, where it is used as fertilizer. Industry mainly utilizes urea for producing urea-formaldehyde resins and melamine. Innovative application area with dynamic growth is the reduction of nitrogen by the urea solution

AdBlue, which is used in utility vehicles in Western Europe in particular. Given the increased application of AdBlue in industrialized countries, their urea demand is likely to increase in the following years. Development in the agricultural sector, on the other hand, is mainly supported by developing and emerging countries, as Ceresana expects a rapid growth in population and more intensive cultivation of arable land.

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Market Study Urea: 33 Countries, 112 Producers, 530 Pages Table of Contents (1/3)
1 Basics 1.1 Introduction 1.2 Manufacturing 1.3 Fields of Application 1.3.1 Agriculture 1.3.2 Industry 1.4 Environment, Health, and Legal Situation 2 Market data 2.1 World 2.1.1 Demand and Revenue 2.1.2 Production and Capacities 2.2 Western Europe 2.3 Eastern Europe 2.4 North America 2.5 South America 2.6 Asia-Pacific 2.7 Middle East 2.8 Africa 3 Country Profiles 3.1 Western Europe 3.1.1 France 3.1.1.1 Demand and Revenue 3.1.1.2 Production and Capacities 3.1.1.3 Import and Export 3.1.2 Germany 3.1.3 Italy 3.1.4 Spain 3.1.5 United Kingdom 3.1.6 Rest of Western Europe 3.2 Eastern Europe 3.2.1 Belarus 3.2.2 Poland 3.2.3 Russia 3.2.4 Turkey 3.2.5 Rest of Eastern Europe
2 Market data
2.1 World
2.1.1 Demand and Revenue
Worldwide demand for urea was X tonnes in 2003. Following an average growth of X% per year, demand rose to around X tonnes in 2011. Two thirds of the worldwide urea demand in 2011 came from the region Asia-Pacific (Graph. In total, around X tonnes of urea were consumed in that region. Until 2019, we forecast an increase to around X tonnes, corresponding to about X% of the global market.

Chapter 2: Comprehensive market data from 2003 to 2019, split by region and world: Demand Revenues
2003 2005 2007 2009 2011 2013p 2015p 2017p 2019p
Western Europe South America Africa Eastern Europe Asia-Pacific North America Middle East

million tonnes

CR-graphics

p=prognosis

Graph: Worldwide urea demand from 2003 to 2019 split by region Asia-Pacific was leading in worldwide demand in 2011, followed by North America with X tonnes, the Middle East with around X tonnes, South America with X tonnes, and Western Europe with X tonnes. The three remaining regions only consumed a comparatively low amount of urea. We expect the highest average growth rates for Asia-Pacific and the Middle East. Urea consumption is likely to increase at X% and X% per year respectively in these two regions. As total acreage decreases, cultivation has to become more intensive. An increased application of fertilizers ensues. Given the high effectiveness of urea in rice crops, we expect the strongest increases in the regions cultivating rice. Western Europe will

2.7.2

exhibit a low growth rate of an annual X% between 2011 and 2019. Consumption is

Middle East - Production

From 2003 to 2011, production volume in the Middle East increased at X% per year to an absolute value of X tonnes (Graph). Until 2019, we expect an increase in production volume to just below X tonnes. Compared to 2011, this constitutes a growth rate of, on average, X% per year. Share of global production will decline from X% to X% in that period. Nevertheless, this region will remain the second largest producer. Because of its natural gas and oil reserves, urea can be produced at low costs. The region is a net-exporter of urea given its high production volume.

Chapter 2: Extensive market data from 2003 to 2019, split by region and world: Production Capacities
2003 2005 2007 2009 2011 2013p 2015p 2017p 2019p

million tonnes
CR-graphics

p=prognosis

Graph: Urea production in the Middle East from 2003 to 2019

Pakistan was the region's major producer in 2011, with a production volume of around X tonnes. Saudi-Arabia reached an output of around X tonnes, Iran around X. Regarding other countries of this region, major production sites can be found in Oman, Qatar, and in Kuwait. Until 2019, we forecast the highest growth rates of an annual X% for Iran. A number of large scale project are planned in this country during the next few years, causing production capacity to almost triple.

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Market Study Urea: 33 Countries, 112 Producers, 530 Pages Table of Contents (2/3)
3.3 North America 3.3.1 Canada 3.3.2 Mexico 3.3.3 USA 3.4 South America 3.4.1 Argentina 3.4.2 Brazil 3.4.3 Chile 3.4.4 Colombia 3.4.5 Venezuela 3.4.6 Rest of South America 3.5 Asia-Pacific 3.5.1 Australia 3.5.2 Bangladesh 3.5.3 China 3.5.4 India 3.5.5 Indonesia 3.5.6 Japan 3.5.7 Malaysia 3.5.8 New Zealand 3.5.9 South Korea 3.5.10 Thailand 3.5.11 The Philippines 3.5.12 Vietnam 3.5.13 Rest of Asia-Pacific 3.6 Middle East 3.6.1 Iran 3.6.2 Pakistan 3.6.3 Rest of the Middle East 3.7 Africa 3.7.1 Egypt 3.7.2 South Africa 3.7.3 Rest of Africa
3.3.3.1 USA Demand and Revenues
In 2011, the agricultural sector consumed around X tonnes of urea, industry around X tonnes. We expect demand for urea as fertilizer to increase to X tonnes by 2019. The agricultrual sector in the USA is one of the most productive in the world. Due to many large farms with a corresponding acreage and utilization of modern equipment and agrochemicals, economies of scale can be exploited. A range of climatic and geographic conditions can be found in the USA. While the Northern part belongs to the temperate zones, the Southern states enjoy a subtropical climate. As a consequence, various regions specialize in certain crops, such as the Corn Belt and the Wheat belt in the Midwest. Due to the size of the country, significant discrepancies typical for a continental climate occur, especially in the central areas. Additionally, the USA are often victim of natural disasters that destroy harvests. For industrial applications, we forecast a significant increase of demand at an AAGR of X% to X tonnes. Major branch is the production of urea-formaldehyde resins with a consumption of around X tonnes. About X tonnes were used in melamine production in 2011. Utilization to reduce nitrogen oxides in utility vehicles (AdBlue) consumed around X tonnes, but this application area is a primarily European one. For the next eight years, we forecast an average increase of urea demand of X% per year in this sector. Other fields of application in the industrial sector are medicine and cosmetics.

in million tonnes Agriculture Industry Total

2003 X X X

2005 X X X

2007 X X X

2009 X X X

2011 2013p 2015p 2017p 2019p X X X X X X X X X X X X X X X

20112019 X% p.a. X% p.a. X% p.a.

Table: Urea demand in the USA from 2003 to 2019 split by application

3.5.4.2

India Production and Capacities

Production Urea production in India rose from X tonnes in 2003 to X tonnes in 2011 (Graph). We expect production to continue to increase at X% per year between 2011 and 2019. Production volume is likely to rise to X tonnes.

Chapter 3: Country-specific analyses and forecasts for 33 countries Demand Revenues Production Capacities Import & Export
2003 2005 2007 2009 2011 2013p 2015p 2017p 2019p p=prognosis

Graph: Urea production in India from 2003 to 2019 Capacities Indian companies have the second highest aggregated urea production volume of the world, outperformed only by China. It currently amounts to around X tonnes (Table). Capacity is to be expanded by a total of around X tonnes until X (Table). Major expansions with X tonnes each are planned by X for X and by X for X.
Company X X Total in tonnes X X X

Table: Urea capacities in India in 2011 split by producer

Company X X X Total in tonnes X X X year X X X

Table: Changes to urea capacities in India split by producer

million tonnes
CR-graphics

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Market Study Urea: 33 Countries, 112 Producers, 530 Pages Table of Contents (3/3)
4 Company Profiles 4.1 Western Europe 4.1.1 Austria (2 Producers) 4.1.2 France (1) 4.1.3 Germany (1) 4.1.4 Norway (1) 4.1.5 Spain (1) 4.2 Eastern Europe 4.2.1 Belarus (1) 4.2.2 Czechia (1) 4.2.3 Lithuania (1) 4.2.4 Poland (2) 4.2.5 Romania (1) 4.2.6 Russia (9) 4.2.7 Turkey (1) 4.2.8 Ukraine (1) 4.3 North America 4.3.1 Canada (3) 4.3.2 USA (2) 4.4 South America 4.4.1 Argentina (1) 4.4.2 Brazil (2) 4.4.3 Trinidad and Tobago (1) 4.4.4 Venezuela (1) 4.5 Asia-Pacific 4.5.1 Australia (2) 4.5.2 Bangladesh (2) 4.5.3 China (27) 4.5.4 Hong Kong (1) 4.5.5 India (13) 4.5.6 Indonesia (1) 4.5.7 Malaysia (1) 4.5.8 Singapore (1) 4.5.9 Vietnam (2) 4.6 Middle East 4.6.1 Iran (4) 4.6.2 Iraq (1) 4.6.3 Kazakhstan (1) 4.6.4 Kuwait (1) 4.6.5 Oman (3) 4.6.6 Pakistan (5) 4.6.7 Qatar (1) 4.6.8 Saudi Arabia (1) 4.6.9 United Arab Emirates (1) 4.6.10 Uzbekistan (2) 4.7 Africa 4.7.1 Algeria (1) 4.7.2 Egypt (6) 4.7.3 Libya (1) 4.7.4 Nigeria (1)
EuroChem
Dubininskaya Street, 53, B. 6 Moscow 115054 Russia Tel. Fax Web E-mail 7 495 795 2527 7 495 795 2532 www.eurochem.ru info@eurochem.ru

Financial Key Data (in billion RUB) Turnover Net income 2008 112.2 27.9 2009 73.6 11.1

Chapter 4: Comprehensive company profiles on 112 producers, such as Agrofert, CF Industries, CNPC, EuroChem, IFFCO, Koch Fertilizer, Ostchem Holding, Pulawy, PUSRI, QAFCO, SABIC, Shanxi Jincheng Anthracite Coal Mining Group, SINOPEC, and Yara.
Note: 97.8 The profiles are assigned to the 131.3 country in which the company or hold20.1 32 ing is headquartered. Company profiles also include JVs and subsidiaries. 30.54 32.08
40.47 41.53 2010 2011

Exchange Rates to US$ and Euro RUB /1 US$ RUB /1 Divisions, Product Range 29.48 41.55 30.27 43.39

The company operates in four segments: x x Nitrogen Phosphates

Production Sites The company's production sites are located in: x x Associated Companies Stavropol Territory, Russia Novomoskovsk, Russia

Subsidiary companies for production: x x Novomoskovskiy Azot, OJSC Nevinnomysskiy Azot, OJSC

The company has also several subsidiaries as trading companies, repair and construction companies, design engineering enterprises, agrocenters, logistic companies service companies, etc.

Profile Summary EuroChem and its subsidiaries produce and sell nitrogen and phosphate fertilizers. The company was founded in 2001. In addition to the production sites, EuroChem also operates an openpit apatite and iron ore mine in Russia and is currently developing 2 potash deposits in Russia. In the first half of the year 2012, EuroChem acquired LLC "Severneft - Urengoy", a gas exploration and production company in Russia and BASF's AN/CAN and NPK

Urea Production Sites

Associated Companies

Chapter 4: Data and facts on major producers, clearly arranged by: Contact Details Turnover and Profit The company's production sites are located in: Product Range x Novomoskovsk, Russia Production Sites x Nevinnomyssk, Russia Profile Summary x Novomoskovskiy Azot Capacities x Nevinnomysskiy Azot Capacity changes
also fertilizer distribution company "K+S Nitrogen", based in Mannheim, Germany... Capacity (tonnes / year) Start-Up X 1933

fertilizer business in Antwerp. In July 2012, the enterprise acquired

Site / Plant (current) Novomoskovsk, Tula Region, Russia (Novomoskovskiy Azot, OJSC) Stavropol Territory, Russia (Nevinnomyssky Azot) Total Capacity (current)


X 1962

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Market MarketStudy StudyUrea: Urea:33 33Countries, Countries,112 112Producers, Producers,530 530Pages Pages This study is especially useful for:
Manufacturers and traders of urea Suppliers of raw materials and intermediates ammonia, natural gas, coal, etc. Industrial users and cooperatives Manufacturers of ureaformaldehyde resins, melamine, and urea solution like AdBlue, etc. Institutions / associations Regulators / organizations Company management Engineering & Production Strategy planning Research & development Market research Marketing & Sales Purchasing

Your Benefits
Discover which markets offer the best opportunities for you by using our data on countries, applications, and products Gain insight into the outlook for your industry Recognize opportunities and risks on time also on upstream and downstream markets Learn about key global and regional trends impacting supply and demand. Understand what these changes mean for your business. Strengthen your negotiating position Gain new business associates Benefit from the latest information on trends and market dynamics to evaluate the prospects of new projects, investments, and product innovations Get the most comprehensive insight to operate more successfully

About Ceresana
Ceresana is the most trusted market research company for the industry. We have the information and tools to guide clients to success. Our expert team provides reliable and comprehensive market analyses and forecasts, which help our customers to compete the best in their segment. Several 1,000 companies from more than 55 countries already profit from our global market intelligence to achieve and maintain a sustainable competitive advantage. We offer multi-client reports as well as single-client studies, tailored to your specific business requirements. Our highest quality services will help you to strengthen your market position. Our business analysts are specialists in markets such as chemicals, plastics, additives, commodities, and industrial goods. Ceresana: Your guide to success

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