Urea Market: Industry Insights, Key Trends, and Growth Opportunities
The Global Urea Market Size is expected to reach USD 165.7 Billion by 2032, at a CAGR of 2.3% during the forecast period of 2022–2032. Urea (CH4N2O) is a colorless, odorless, crystalline substance that is soluble in water and ethanol. It is a rigid carbon, nitrogen, oxygen, and hydrogen compound. It is usually produced by combining ammonia with carbon dioxide (CO2) under high pressure to produce solid, odorless white pellets or crystals.