Global demand for Sulphur-coated Urea is expected to rise at a yearly growth rate of 3.3% Y-o-Y to USD 1453 Million in 2032, supported by:
The rising urbanization across the world, the growing demand for food and food products, and the growing population are expected to drive the growth of the Sulphur-coated urea market. Sulphur-coated urea products help farmers increase agriculture yields considerably.
During the period ranging from 2020 to 2022, sulphur coated urea demand prospects appeared limited, attributed to the onset of the COVID-19 pandemic, which shook investor confidence amid the cessation of all industrial activity. This blip was gradually overcome since mid-2021, leading to a resurgence in growth projections.
The growing trend of landscaping at urban and residential complexes is expected to further complement the growth of the Sulphur-coated urea market. Also, the technological advancements in the agriculture industry and growing usage of Sulphur-coated urea in agricultural applications, particularly for grain crops boost the market growth. As per this report, demand for Sulphur coated urea for agricultural production is expected to surge at over 3% CAGR until 2032.
| Data Points | Key Statistics |
|---|---|
| Documented Value of Global Sulphur Coated Urea Market in 2021 | USD 1,017.80 Million |
| Estimated Market Value of Sulphur Coated Urea Market in 2022 | USD 1,050.2 Million |
| Projected Sulphur Coated Urea Market Size in 2022 to 2032 | USD 1,453.0 Million |
| Value CAGR | 3.3% |
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The Asia Pacific is anticipated to yield significant growth opportunities, backed by a resurgent and robust agriculture sector. The increasing food production and higher usage of fertilizers in agricultural applications will boost the demand for Sulphur coated urea in the Asia Pacific.
Further, scarcity of land for producing food will give further rise to the demand for specialty fertilizers to increase production output, especially in highly populated countries such as China and India.
China is expected to provide some lucrative expansion opportunities, thanks to major advancements in the agricultural industry with regard to enhancing production output and the upgradation of technology.
Polymer sulphur-coated urea has an outer wax layer that provides improved performance by releasing nutrients more consistently over a longer period of time compared to traditional sulphur-coated urea, thus polymer sulphur coating offers more protection than a conventional wax coating, resulting in a slower nutrient release and higher yield vis-à-vis wax coatings. Also, polymer Sulphur coating has good blending and cost-effectiveness. Thus it can be used as a suitable alternative for nitrogen management and high-grain yield crops such as rice, corn, etc.
With higher usage of fertilizers in agriculture applications, demand for sulphur-coated urea is expected to rise at a rapid pace over the forecast period. The agriculture segment is expected to account for about 25% - 30% of the global sales in sulphur coated urea market.
Sulphur-coated urea improves plant growth, reduces water pollution, and increases nitrogen efficiency, compared with other water-soluble fast-release urea. Also, the rising need to enhance crop yield is some of the prominent factors driving the demand for sulphur-coated urea in the agriculture industry. Further, the golf course application is expected to be one of the fastest-growing segments in the global sulphur-coated urea market.
One of the key factors fueling the growth is rising concerns regarding sustainability and cost minimization in the agricultural sector. Regionally, North America is expected to remain prominent for consumption in sulphur coated urea market.
This is owing to the technological advancements in the agriculture industry and the growing usage of sulfur-coated urea in agricultural applications, particularly for grain crops. Further, the emerging countries of East & South Asia Pacific such as China, Japan, India, and Australia are expected to witness substantial demand for sulphur-coated urea in the coming decade.
As per Future Market Insights (FMI), the sulphur-coated urea market witnessed growth at a CAGR of 3.4% over the historic period of 2015 and 2021. As per the study, growth in the market witnessed a slight decline, registering a 3.3% CAGR for the period of 2022 and 2032.
This is due to the increasing availability of other coated particles, which resulted in stagnant market growth during the forecast period (2022 to 2032). Growth is predicted to surge amid the rising number of golf courses globally, and increased spending on luxury amenities such as household lawns.
Further, rising concerns over eutrophication, stringent regulations and penalties on conventional fertilizers, product innovations, and increasing technological advancements will bolster the demand in sulphur coated urea market.
Moreover, rising demand for food products, and increased investments in agriculture modernization, especially in emerging economies such as India and China will drive the demand in the market.
Also, shifting the focus of farmers to increase agriculture yields along with profit margins are key factors bolstering demand for sulphur-coated urea in the agriculture sector. Sulphur-coated urea (SCU) is a slow-release fertilizer produced by coating hot urea with molten sulphur and sealing it with polyethene oil or microcrystalline wax.
Owing an economical slow-release nitrogen source compared to other coated materials with low leaching and volatilization losses has resulted in the increased adoption of sulphur-coated urea for agriculture applications.
Furthermore, the market for sulphur-coated urea is expected to witness a number of limitations in the agriculture sector, such as the restricted use of sulphur-coated urea on closely mown surfaces. However, to mitigate these limitations, key players are developing sulfur-coated urea with lower particle sizes, allowing for their usage on putting greens. These product innovations are further expected to boost the demand for sulphur-coated urea during the forecast period.
Increasing usage of fertilizers has given rise to significant eutrophication in most estuaries, resulting in water pollution. Thus, owing to rising concerns over eutrophication, the adoption of slow-release fertilizers is expected to increase. This will in turn fuel the growth of sulphur coated urea market.
The use of slow-release fertilizers will also reduce issues of an overabundance of nutrients in aquatic systems. Rising awareness and government focus on reducing eutrophication are major factors expected to drive the growth of the global sulphur-coated urea market over the forecast period.
Rising Application in Agriculture Sector to Augment Suplphur Coated Urea Demand
As per FMI, the USA is expected to remain one of the prominent consumers of sulphur-coated ureas owing to the increasing applications in diverse industries such as the residential sector, agriculture, etc. The country is expected to account for nearly 20% – 25% value share in the sulphur-coated urea market.
This is attributed to significant increase in demand for specialty fertilizers for agricultural applications to ensure high crop yield, particularly for grain crops. Further, grain crop yield in the USA witnessed a substantial increase in production propelling the demand for sulphur-coated urea.
India and China to Vanguard the Sales in Asia Pacific Market
Countries such as Japan, China, India, and Australia are expected to be the fastest-growing sulphur-coated urea market across the Asia Pacific. Demand in the region is predicted to rise amid increasing food production and higher usage of fertilizers in agricultural applications. Further, scarcity of land for producing food will give further rise to the demand for specialty fertilizers to increase production output, especially in highly populated countries such as China and India.
Further, increased preference for luxury amenities such as golf courses, community shades, horticulture, gardens, etc., is creating a conducive environment for key players. Hence, substantial investments in recreational and sporting activities along with the development of related infrastructures, such as golf courses will boost the market.
Over 9 Out of 10 Sales to be Contributed by Sulphur Coated Urea Market
Based on product type, the global sulphur-coated urea market is bifurcated into wax sulphur-coated urea and polymer sulphur-coated urea. The polymer segment is anticipated to remain one of the key product types in the market, accounting for about 90% of the sales in sulphur coated urea market.
This is attributed to its superior blending properties and cost-effectiveness. Polymer sulphur-coated urea has an outer wax layer that provides improved performance by releasing nutrients more consistently over a longer period of time compared to traditional sulphur-coated urea, resulting in the increasing adoption of polymer sulphur-coated urea compared to wax sulphur-coated urea.
Over 1/4th of Sulphur Coated Urea Sales Come from the Agriculture Market
With higher usage of fertilizers in agriculture applications, demand for sulphur-coated urea is expected to rise at a rapid pace over the forecast period. The agriculture segment is expected to account for about 25% - 30% of the global sales in sulphur coated urea market.
Sulphur-coated urea improves plant growth, reduces water pollution, and increases nitrogen efficiency, compared with other water-soluble fast-release urea. Also, the rising need to enhance crop yield is some of the prominent factors driving the demand for sulphur-coated urea in the agriculture industry. Further, the golf course application is expected to be one of the fastest-growing segments in the global sulphur-coated urea market.
Key players are investing in research and innovations for the development of products with enhanced applications and also the introduction of sustainable products to minimize the carbon footprint. Meanwhile, some of the players are focusing on capacity expansions in emerging economies to capitalize on the expansion of the agriculture sector.
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| Attributes | Details |
|---|---|
| Estimated Market Value (2022E) | USD 1,050.20 Million |
| Projected Market Size (2032F) | USD 1,453.0 Million |
| Value CAGR (2022 to 2032) | 3.3% |
| Forecast Period | 2022 to 2032 |
| Historical Data Available for | 2015 to 2021 |
| Market Analysis | USD Million for Value and Kilo Tons for Volume |
| Key Countries Covered | The USA, Canada, Brazil, Mexico, Germany, Italy, France, UK, Spain, BENELUX, Russia, China, Japan, South Korea, India, Association of Southeast Asian Nations, Australia and New Zealand, GCC Countries, Turkey, Northern Africa, South Africa |
| Key Segments Covered | Product Type, Application, and Region |
| Key Companies Profiled |
Nutrien Ltd.; J.R. Simplot Chemicals; Turf Care Supply, LLC; Israel Chemicals Ltd.; The Andersons, Inc.; Everris; Syngenta AG; Hanfeng Evergreen; Yara International ASA; Haifa Chemicals Ltd.; Koch Industries Inc.; Luyue Chemical; Luxi Chemical; Harrell’s LLC; PULCU TARIM; QAFCO; Others |
| Report Coverage |
Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
The global market of sulfur-coated urea is estimated to reach a valuation of USD 1,050.20 Million in 2022.
The sulphur coating urea demand is anticipated to witness a growth rate of 3.3% over the forecast period of 2022 and 2032 in terms of value.
Agriculture and golf courses are the key applications of sulphur coated urea, together these applications consume about 40%-50% of the global sulphur coated urea consumption.
According to FMI analysis, Nutrien Ltd., J.R. Simplot Chemicals, Turf Care Supply, LLC, Israel Chemicals Ltd., The Andersons, Inc., Everris, Syngenta AG, Hanfeng Evergreen, Yara International ASA, Haifa Chemicals Ltd., and others are identified as the key manufacturers in the sulphur coated urea market.
Key players in the global sulphur coated urea market are expected to account for about 60 - 65% of the overall market share.
The top countries driving the global sulphur coated urea demand are the USA, Japan, China, and India.
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Sulphur Coated Urea Market
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