Sulfur Coated Urea Market

Global Sulfur Coated Urea Market Size (2024 to 2029)

The Global Sulfur Coated Urea Market was worth US$ 3.07 billion in 2023 and is anticipated to reach a valuation of US$ 3.54 billion by 2029, it is predicted to register a CAGR of 2.4% during the forecast period 2024 to 2029.

MARKET OVERVIEW

Sulfur Coated Urea is a kind of fertilizer that is produced by coating urea with sulfur and often uses wax to cover, which helps to improve the efficiency of nitrogen, supports plant growth, and curbs water pollution compared to water-soluble chemicals. It further enhances the quality of crops, limits the frequency of usage, lessens the overall expenses, and provides ample nutrients to the plants. The global sulfur-coated urea market is mainly rising with the demand from the agriculture sector, where strict government policies are restricting the usage of hazardous pesticides, fertilizers, etc. for plant growth.

Coated urea fertilizers belong to the group of controlled-release composts that are assembled of urea-coated prills in less-soluble chemicals like polymer, sulfur, and other things. They decrease some of the negative sides of urea fertilization such as manure burn. In addition to that, the coatings emit urea when they soak up water along with sulfur. The coatings crash into urea when the water perforates it along with polymers. Sulfur-coated urea is a kind of directed-release fertilizer that is produced owing to coating hot urea from molten sulfur polyurethane oil or microcrystalline wax. 
Sulfur-coated urea is a type of fertilizer that is obtained by coating urea with sulfur and generally utilizes wax to cover which assists in improving the efficiency of nitrogen, supports plant development, and curbs water pollution compared to water-soluble chemicals. It furthermore enhances the quality of crops, limits the frequency of use, decreases the overall prices, and offers ample nutrients to the plants.  

MARKET DRIVERS & RESTRAINTS

The global sulfur-coated urea market is majorly increasing with the call from the agriculture segment, where stringent government policies are hampering the use of dangerous pesticides, fertilizers, etc. for plant development. Sulfur-coated urea avoids soil compaction, decreases overall price, effectively decreases salt index, and enhances the quality of the crop. In addition to that, sulfur is the middle element that offers nutrition to plants. It has applications in golf courses, professional lawn care, and turf, among others. The primary growth driver of the global sulfur-coated urea market includes increasing concerns in agriculture like strict legislation on the application of conventional fertilizers and eutrophication. In addition to that, growing customer preference towards luxury comforts such as home lawns will furthermore propel the expansion of the sulfur coated urea market in the near future. 

The immense increase in the number of golf courses across the world will promote the global sulfur-coated urea market value in the years to come. High urbanization and inflation in disposable incomes in Asia will also fuel product sales in the coming ten years. Nevertheless, rising commercialization and enhancement showcased in the other products will hamper the market expansion. High product prices, as compared to conventional urea fertilizers, will hinder the growth of the sulfur-coated urea market in the coming years. 

The increasing worries in the agriculture sector, like a stringent regulatory framework on traditional fertilizers and eutrophication, are driving the market expansion. The rising preference of customers towards luxury comforts like the home lawn is again boosting the market expansion. Nevertheless, the presence of alternatives like polymer-coated urea and the high price of sulfur-coated urea when compared to traditional urea fertilizers is probable to hamper the market expansion. Whereas, the rising number of golf course across the world are estimated to boost the market expansion in the future years. Moreover, the latest opportunities are expected to be made in the global market, with both multinational and regional market players capitalizing on these opportunities with cost-effective offerings in order to have a share of the revenue in the worldwide sulfur-coated urea market.

REPORT COVERAGE

DETAILED SEGMENTATION OF THE GLOBAL SULFUR COATED UREA MARKET INCLUDED IN THIS REPORT

This research report on the global sulfur coated urea market has been segmented and sub-segmented based on type, application, end-user, and region.

Global Sulfur Coated Urea Market By Type

• Polymer Sulfur Coated Urea
• Wax Sulfur Coated Urea

The polymer segment is likely to rule the global sulfur-coated urea market in the predicted time, attributed to its higher nutrient supply compared to wax sulfur-coated urea and low costs.

Global Sulfur Coated Urea Market By Application

• Horticulture
• Greenhouses
• Turf
• Golf Courses
• Nurseries
• Professional Care Of Lawns
• Farming

Among the applications, the agriculture sector is estimated to hold a distinguished share of the global market. But over the foreseen period, golf courses application is expected to expand at a notable rate as compared to that of the agriculture sector.

REGIONAL ANALYSIS

• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa

The Asia Pacific sulfur-coated urea market is estimated to showcase a high expansion in the future years.

The extension can be credited to burgeoning calls for food together with diminishing per capita cultivable land availability in the region.  The Asia Pacific was closely followed by areas of North America and Europe as the second and third-biggest market for sulfur-coated urea and are also estimated to fuel the call for this product due to the rising call from non-agricultural applications. The Asia Pacific is also expected to remain the quickest developing region during the period of study owing to the rising use of non-agricultural applications in key markets such as India and China. Moreover, the high focus of the urban population on leisurely activities and luxuries like turfs of lawn tennis and golf fields is estimated to grow the product call across the region. The market in areas like Latin America the Middle East and Africa is predicted to rise at a high rate during the forecasted time.

KEY MARKET PLAYERS

The major key players in the Global Sulfur Coated Urea Market are Syngenta AG, Agrium Inc., Sun Agro, Andersons, Inc., Koch Industries Inc., Haifa Chemicals Ltd, Israel Chemicals Ltd, Harrell’s LLC, R. Simplot Company, Yara International ASA, Advert, Turf Care, and others.

RECENT HAPPENINGS IN THE MARKET

• Hanfeng Evergreen Inc., a dominating manufacturer of slow and controlled-release fertilizers in China, declared that Hanfeng and Agrium Inc. have come into agreement that it will purchase Agrium's ownership in Hanfeng's subsidiary that is responsible for developing Sulphur Coated Urea, known as Hanfeng Slow Release Fertilizer Co. Ltd. 
• Yara attains Tata Chemicals' urea market in India, valued at USD 400 million. Yara International ASA has made a deal to acquire Tata Chemicals Ltd's Babrala urea plant and distribution business located in Uttar Pradesh for about USD 400 million on a debt and cash-free basis, which included normalized net working capital.