Driven by extensive use as a fertilizer and consistently rising non-fertilizer applications, the global urea strippers market is forecast showcase impressive growth between 2020 and 2030. Future Market Insights (FMI) in a new study has identified the agriculture sector as a lucrative segment in the market.
Because India and China have strong agricultural sectors, demand witnessed in these countries is expected to be considerably high. However, in the future, this segment is anticipated to exhibit reduced growth owing to the various regulations on artificial fertilizers.
The use of urea in non-fertilizer applications such as urea-formaldehyde resins, melamine-formaldehyde resins, and livestock feed are expected to enable growth in the global urea stripper market. According to FMI, the growth of the market is expected to be driven by demand recorded locally as it is principally consumed in the countries where it is produced. The production augmentation by the key manufacturers is forecast to showcase the growth of the urea stripper market.
Increasing Population Propelling Market Growth
The global population recorded in 2020 is 7.8 Bn, and that for 2019 was pegged at around 7.6 Bn with a change of 1.08% as of 2018. In recent years, the global population has exhibited consistent growth and is expected to grow further.
The world population is forecast to reach 9.9 billion by 2050. That will be an increase of more than 25% from the current 2020 population of 7.8 Bn. With the increasing population, the demand for food is also increasing. According to a report by the UN Food and Agriculture Organization (FAO), farmers will produce about 70% more food by 2050 to satisfy the food needs of the 9.9 billion predicted population.
As a result of the increase in demand for agricultural products and to ensure a high output with the available resources, land will become the key concept for producers. This will lead to increasing use of urea strippers to enhance crop yield and production. As the agricultural industry serves as the leading end-use industry to the urea strippers market, the increased demand for food will directly thrust the growth rate of the urea stripper market.
COVID-19 Pandemic Results in Reduced Demand
Economies are still managing to contain the unpredicted COVID-19 pandemic. The pandemic had some positive and negative impacts on every industry. The global urea strippers market was also hit due to the ongoing COVID-19 pandemic.
Owing to delays caused due to restrictions on travel and transportation, the supply chain was disrupted severely during the initial phases of lockdown. The urea strippers market depends primarily on the agriculture sector. The sector experienced a non-availability of migrant labor. This resulted in interruption of agricultural activities.
Aforementioned hindrances witnessed across various end-use industries are likely to hamper growth of the market during COVID-19.
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Urea discharges harmful pollutants during its manufacturing process. Also, the higher concentration of ammonia in the soil makes it more acidic and thus retards the soil of its natural fertility. This has led to the formation of strict regulations against urea in agriculture which is directly affecting the urea strippers market. Besides, the recent incidents of leakage in urea strippers are posing challenges and hampering the growth of the market.
Asia Pacific Urea Strippers Market
Asia Pacific is the leading region in terms of both market value and volume. The growth of the region is supported by the expanding agricultural base in Asia Pacific.
Governments in the region are constantly launching projects such as the climate-smart agriculture (CSA) project that aims at developing the understanding of indigenous and research-derived information for increasing the adaptive capabilities and productivity of smallholder farmers by climate-smart and gender-sensitive sustainable intensification strategies.
Such projects are directly benefiting the urea stripper market. Moreover, key players are concentrating on policies to provide high-end stripping columns to provide a higher yield of urea and with better operational performance.
Presence of the majority of leading players such as Larsen & Toubro, ISGEC Heavy Engineering Ltd, Toyo Engineering India Pvt. Ltd, Paramount Limited, and Kay Iron Works (Jorian) Pvt. Ltd in the region supporting the growth of the market.
China is the largest market of melamine-formaldehyde. Such support from the chemical sector owing to increasing investments in construction and polymer industries is leading to the progression of the urea stripper market in the Asia Pacific.
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North America Urea Strippers Market
North America holds a sizeable share of the global urea strippers market. According to the 2017 Census of Agriculture, the total area included in farmlands in the U.S. declined to 900,217,576 acres in 2017 from 914,527,657 acres in 2012. Such conditions are anticipated to enhance the adoption of dual cultivation, in which fertilizers are employed to sustain the fertility of the soil, and pesticides to increase crop yield which in turn are augmenting the demand for urea. These factors are expected to drive the urea stripper market.
North America is the leading producer of urea-formaldehyde resin. Such a growing chemical base of the region is augmenting the demand for urea strippers in the region.
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Europe Urea Strippers Market
Europe holds a lucrative position in the global urea stripper market in terms of market value. The growth of the region is attributable to the increasing demand for urea strippers in the region. Key players operating in Europe's fertilizer market are planning to increase their manufacturing capacity particularly for urea which is foreseen to further progress the stripper sales in the market.
The regional market is observing a shift of focus of key players on strategies to give high-end stripping columns to provide better operational efficiency to end-users. In order to achieve this, technology is playing a major role. For instance, Stamicarbon's and Protonation technology made real-world simulation software to train employees on handling plants. Similarly, Casale and Kaiser's optical system developed real-time data monitoring software AURORA for urea plants. Such integration with technology is propelling the growth of the market.
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Duplex Steel to Boost Market Value by Material of Construction
Based on the material of construction segment, the duplex steel segment is anticipated to boost the market value. This growth of the segment through the forecast period is owing to its higher significance in economic price as compared to its counterparts.
Upto 1000 MTPD by Capacity to Witness Growth
Upto 1000 MTPD segment is forecast to grow at a remarkable CAGR between 2020 and 2030. By capacity, currently, 1500-3500 MTPD and 1000-1500 MTPD are the preferred choices for most of the grass roots fertilizer projects.
1500-3500 MTPD is equivalent to 1,500 – 1,800 MT/D ammonia plant capacity. Analyzing the recent trend and utility of ammonia units of more than 2,000 MT/D in the coming years, the above 3500 MTPD segment is forecast to emerge as the first choice through the assessment period.
The global urea stripper market is consolidated due to the presence of tier 1 and tier 2 players across the globe accounting for a fairly significant share. Players operating in the market are increasingly engaging in ventures with collaboration and acquisitions to further expand their consumer base.
The key players in the urea stripper market are working to launch innovative solutions for urea manufacturers by integrating licensed technology with their products which is expected to gain competitive advantage.
According to FMI, this is going to remain as key growth factor through the assessment period For instance TOYO India's ACES21® is advantageous in low investment cost and low energy consumption for urea production. ACES21® has been developed together with P.T. Pupuk Sriwidjaja (PUSRI) of Indonesia as a cost and energy-saving version of the ACES Process.
Some of the leading players in the urea stripper market include
- Larson & Toubro
- Saipem S.p.A.
- Urea Casale
- TOYO India
- ALFA LAVAL
- Isgec Heavy Engineering Ltd
- Kay Iron Works (Jorian) Private Limited
- FEECO International, Inc
- Sandvik AB
- MANGIAROTTI spa
- Paramount Limited
The list is only indicative – a full list of global urea stripper market key players is available upon request
Urea Strippers Market Report: Scope
Historical Data Available for
US$ Mn for Value
Key Regions Covered
North America, South Asia Pacific, Europe, East Asia, Rest of World
Key Segments Covered
Material of Construction, Capacity, and Regions
Key Companies Profiled
Larson & Toubro, Saipem S.p.A., Stamicarbon, Urea Casale, TOYO India, ALFA LAVAL, NIIK, Thyssenkrupp, FLOWTRONIX, Isgec Heavy Engineering Ltd, Kay Iron Works (Jorian) Private Limited, FEECO International, Inc, Sandvik AB, MANGIAROTTI spa, Paramount Limited
Market Forecast, Competitive Landscape, Region-wise and Category-wise Analysis, COVID-19 Impacts, Key Trends
Customization & Pricing
Key Questions Answered by the Report
- Which is the largest market for urea strippers?
Asia Pacific currently holds dominance backed by surging demand and production in strong markets like India and China.
- Which are the top companies in the urea stripper market?
Some of the leading companies operating in the urea stripper market are Larson & Toubro, Saipem S.p.A., Stamicarbon, Urea Casale, TOYO India, ALFA LAVAL, NIIK, Thyssenkrupp, FLOWTRONIX, Isgec Heavy Engineering Ltd, Kay Iron Works (Jorian) Private Limited, FEECO International, Inc, Sandvik AB, MANGIAROTTI spa, and Paramount Limited among others.
- What is the outlook on the urea strippers market?
Due to COVID-19, the urea stripper market was hit severely. However, FMI foresees recovery during the assessment period owing primarily to the expanding agricultural sector.
- Which key challenge witnessed by urea strippers market?
Emission of harmful pollutants and retardation of soil natural fertility when urea is used as a fertilizer, are negatively impacting on the growth of the urea stripper market. Additionally, incidents of leakage in urea strippers are posing challenges and hampering the growth of the market.
- Which is the more preferred material of construction used in the urea strippers market?
Duplex steel is witnessing the maximum sales and production by material of construction. FMI foresees this segment to remain as lead during the forecast period.
Enquiry before Buying
- Is this research conducted by Future Market Insights?
Yes, the report on the urea stripper market has been conducted by expert analysts of Future Market Insights through a combination of primary research and secondary research. To know more about how the research was conducted, you can speak to a research analyst.
- What research methodology is followed by FMI?
FMI follows a methodology that encompasses demand-side assessment of the market and triangulates the same through supply-side analysis. This methodology is based on the use of standard market structure, methods, and definitions. Request detailed methodology.
- Who are the respondents for primary research?
FMI speaks to stakeholders across the spectrum, including C-level executives, distributors, product manufacturers, industry experts. For a full list of primary respondents, please reach out to us.
- What are the sources of secondary research?
FMI conducts extensive secondary research through proprietary databases, paid databases, and information available in the public domain. We refer to industry associations, company press releases, annual reports, investor presentations, and research papers. More information about desk research is available upon request.
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Material of Construction
- Duplex Steel
- Stainless Steel
- 25 Cr-22Ni-2Mo
- 316 L- UG
- Upto 1,000 MTPD
- 1,000-1,500 MTPD
- 1,500-3,500 MTPD
- Above 3,500 MTPD
- North America – US and Canada
- Europe – Russia, Ukraine, and rest of Europe
- East Asia – China, Japan, and rest of East Asia
- South Asia Pacific – India, ASEAN, and rest of South Asia and Pacific
- Rest of World – GCC Countries, Africa and rest of world