Sulphur Coated Urea Market

Sulphur Coated Urea Market - Despite Increasing Demand, Alternatives to Continue Exerting Pressure: Global Industry Analysis and Opportunity Assessment, 2015 - 2025

Sulphur coated urea is a controlled release fertiliser produced by coating hot urea by molten sulphur polyurethane oil or a microcrystalline wax. The ideal ratio comprises 30%–40% nitrogen and around 20% sulphur. Sulphur coated urea is specialised fertiliser that is coated with wither wax or polymer and releases nutrients slowly. Sulphur coated urea finds application predominantly in agriculture, golf courses, professional lawn care and turf, green houses, horticulture and nurseries.

Drivers & Restraints

Growing concerns over sustainability and cost minimisation in the agriculture sector is driving demand for sulphur coated urea globally. Stringent regulatory framework on conventional fertilisers, concerns about eutrophication, and preferences for spending on luxury amenities such as household lawns and growing number of golf courses are some of the key factors supporting growth of the global sulphur coated urea market. Increasing urbanisation and income levels across the globe (especially in Asian economies) are anticipated to significantly contribute to the overall demand for sulphur coated urea in the near future.

Conversely, increasing commercialisation and product innovation in alternative products such as polymer coated urea and higher cost of sulphur coated urea compared to conventional urea fertilisers are some minor factors restraining growth of the global sulphur coated urea market.

Analysis, by Region

By region, the global sulphur coated urea market is segmented into North America, Western Europe, Asia Pacific Excluding Japan (APEJ), Eastern Europe, Latin America, the Middle East and Africa, and Japan. Of these, North America and APEJ are the most prominent markets, both collectively accounting for over 60% value share of the overall market in 2015.

APEJ is expected to expand at the highest CAGR over the forecast period. Growing food demand and decreasing per capita arable land are among the major factors responsible for increasing demand for sulphur coated urea in the region. Additionally, increasing focus of the urban population on recreational activities and luxury amenities such as golf course and lawn tennis turfs has added to rising demand for sulphur coated urea. The markets in Latin America, Middle East and Africa, and APEJ are expected to expand at a comparatively higher CAGR over the forecast period.

Furthermore, new opportunities are anticipated to be created in the global market, with both multinational and regional niche players capitalising on these opportunities through cost-effective offerings in order to have a share of the pie in the global sulphur coated urea market.

Analysis, by Product Type

By product type, the global sulphur coated urea market is segmented into polymer sulphur coated urea and wax sulphur coated urea. Of these two segments, polymer sulphur coated urea segment has been estimated to account for over 90% of the overall sulphur coated urea market in 2015.

Polymer sulphur coated urea segment is anticipated to remain the dominant segment in the global sulphur coated urea market throughout the forecast period. More regulated nutrient supply as compared to wax sulphur coated urea and comparatively lesser cost than polymer coated fertilizers are some of the factors which are driving the segment globally.

Analysis, by Application

By application, the global sulphur coated urea market is segmented into agriculture, golf courses, professional lawn care and turf, and others. Others segment includes greenhouses, nurseries and horticulture. Agriculture segment is estimated to be the most prominent segment in terms of market value share of the global sulphur coated urea market in 2015. Golf courses application segment is anticipated to expand at a comparatively higher CAGR than agriculture and other application segments over the forecast period.

Key Players

Key players considered in the global sulphur coated urea market include Agrium Inc., Israel Chemicals Ltd., Syngenta AG, Andersons Inc., Yara International ASA, Haifa Chemicals Ltd., J. R. Simplot Company, Koch industries Inc. and Harrell’s LLC.

This Future Market Insights (FMI) report examines the global sulphur coated urea market for the period 2016–2026. The primary objective of the report is to offer updates on advancements in the sulphur coated urea market, examining marketing efforts and identifying opportunities in the global sulphur coated urea market.     

Concern over sustainability and cost minimisation are increasing at a considerable pace in the agriculture sector across the globe, in turn driving demand for sulphur coated urea.

The report includes marketing strategies undertaken by manufacturers that significantly drive the sulphur coated urea market. This study analyses, estimates and forecasts the global sulphur coated urea market from the supply perspective, in terms of revenue (US$ Bn) during the forecast period. The report also highlights the impact of various drivers and restraints in the market during the forecast period.

Sulphur coated urea is a controlled release fertiliser produced by coating hot urea by molten sulphur polyurethane oil or a microcrystalline wax. The ideal ratio comprises 30%–40% nitrogen and around 20% sulphur. There are two types of sulphur coated urea: wax sulphur coated urea and polymer sulphur coated urea. Sulphur coated urea finds application in agriculture, golf courses, professional lawn care and turf, greenhouses, horticulture and nurseries.

To understand and assess opportunities in this market, the report is categorically divided into various sections such as market analysis by region, by product type and by application. The report also offers competitive landscape (including competition dashboard and company profiles) and analyses the global sulphur coated urea market in terms of market value (US$ Mn) & volume (‘000 tonnes).

The report starts with an overview of the sulphur coated urea market across the globe. In the other sections, FMI covers key trends, drivers and inhibitors from supply and demand perspectives. It also covers market opportunities in the sulphur coated urea market. Impact analysis of the key growth drivers and inhibitors, based on the weighted average model, is included in the report to better equip and arm clients with crystal-clear, decision-making insights.

The next section of the report analyses the market based on end use segments and presents the forecast in terms of value for the next 10 years. 

Regions covered in the report include:

  • North America
  • Western Europe
  • Eastern Europe
  • Asia Pacific Excluding Japan (APEJ)
  • Japan
  • Latin America
  • MEA

To calculate the market size, the report considers various aspects based on secondary research. Furthermore, data points such as regional split and market split, by segment, and qualitative inputs from primary respondents have also been incorporated to arrive at appropriate market estimates.

The forecast presented here assesses the total revenue generated in the sulphur coated urea market over 2016 to 2026. While forecasting the market, sizing up the current market is considered to be the starting point, which forms the basis for the forecast, as to how the market is anticipated to take shape in the near future. Given the characteristics of the market, we triangulated the data via different analyses, based on supply side, demand side, and dynamics of the related markets. However, quantifying the market on the basis of the above-mentioned segments and regions is more a matter of quantifying expectations and identifying opportunities rather than rationalising them after the forecast has been completed.

It is imperative to note that in an ever-fluctuating global economy, we not only conduct forecasts in terms of CAGR, but also analyse on the basis of key parameters such as Year-on-Year growth to understand the predictability of the market and to identify the right opportunities in the sulphur coated urea market.

Another key feature of this report is the analysis of the sulphur coated urea market, by region, and its revenue forecast in terms of absolute dollar opportunity. This is traditionally overlooked while forecasting the market. However, absolute dollar opportunity is critical in assessing the level of opportunity that a provider can look to achieve, as well as to identify potential resources from a sales perspective in the global sulphur coated urea market.

Furthermore, to understand key growth segments in the sulphur coated urea market, FMI developed the market attractiveness index. The resulting index should help providers identify real market opportunities.  

Few of the market players featured in the section include:

  • Agrium Inc.
  • Israel Chemicals Ltd.
  • Syngenta AG
  • Yara International ASA
  • Andersons Inc.
  • Haifa Chemicals Ltd.
  • R. Simplot Company
  • Koch Industries Inc.
  • Harrell’s LLC