Urea Ammonium Nitrate Market Scope
Urea Ammonium Nitrate is the most important solution used for nitrogen feeding. This is majorly used as fertilizers which are appropriate for almost all the kinds of crops, this is a universal solution for modern farmers. It has a total content of active substances of 32% which may be practiced in entire farming or vegetation. UAN practically contains no free ammonia which has a major application in soils, it is used for agriculture by applying high-performance machines and also by spraying water mixed with UAN. As per reports, it is observed that Asia Pacific (excluding China and India) has accounted for around 11 – 12% of the global volume for urea, which is near 29 million tpy of urea in 2018. In this Indonesia, accounted for 30% of the capacity in the region, considering the largest urea producer in the whole Asia Pacific region.
The market study is being classified by Type (UAN 18, UAN 28, UAN 30 and UAN 32), by Application (Crop-Based (Cereals & Grains, Oilseeds & Pulses, Fruits & Vegetables and Others) and Non-Crop-Based (Turf& Ornamental Grass)) and major geographies with country level break-up.
Research Analyst at AMA predicts that Asia-Pacific Vendors will contribute to the maximum growth of Asia-Pacific Urea Ammonium Nitrate market throughout the predicted period.
Sinofert Holdings Limited. (China), Coromandel International Ltd. (India), China BlueChemical Ltd (China), PT Petrokimia Gresik (Indonesia), Hubeu Xin Yanf Feng Fertilizer Industry Limited (China), PT Pupuk Iskandar Muda (Indonesia), PT Pupuk Kujang (Indonesia), PT Pupuk Kalimantan Timur (Indonesia), PT Pupuk Sriwidjaya Palembang (Indonesia) and Maharastra Bio Fertilizers India Pvt. Ltd. (India) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Eastern Organic Fertilizer Pvt. Ltd. (India).
AdvanceMarketAnalytics has segmented the market of Asia-Pacific Urea Ammonium Nitrate market by Type, Application and Region.
On the basis of geography, the market of Urea Ammonium Nitrate has been segmented into Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific). If we see Market by Form, the sub-segment i.e. Liquid will boost the Urea Ammonium Nitrate market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End- User Industries, the sub-segment i.e. Industrial chemicals will boost the Urea Ammonium Nitrate market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Density, the sub-segment i.e. High Density will boost the Urea Ammonium Nitrate market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
The Company Chambal Fertilizers and Chemicals is building a 790 000 tpy ammonia plant in their region and a 1.44 million tpy urea plant, that is expected to begin operating by 2019. New ammonia-urea units are being built in Barauni, Bihar, Sindri, and Jharkhand, and expected to come onstream in 2021.
- Rising Adoption in Product Innovations and Multi-Functional Fertilizers
- Robust Growth of Mining Operation in the Region
- Rising Demand from the Agrochemical Industry
- Government Subsidy on Certain Fertilizers, Mainly In India
- Decreasing Per Capita Arable Land and Increasing Demand for Food Supply in Asia- Pacific
- Growing Agriculture and Mining Sector in Different Regions of Asia-Pacific
- Growing Fertilizer Industry Is the Major Consumer Market, Particularly In MEA
- Preference for Healthy and Nutrient-Rich Food
- Toxicity, Contamination and Low Adaptability to Changing Practices Are Restraining the Market
- High Cost for UAN Fertilizers
- Lack of Awareness about UAN in Some Parts of Asia-Pacific Region
- Concern Related to the Side Effects of These Fertilizers
Key Target AudienceUrea Ammonium Nitrate Manufactures, Urea Ammonium Nitrate Distributors, Potential Investors, Government Bodies and Associations, Up and Down Stream Vendors, Private Research Organizations, Suppliers and Distributors and Others
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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