The global Top Urea Manufacturers Companies is dynamic, and it is closely monitored by key players who are actively participating in the market through various initiatives, including mergers and acquisitions and product innovations. This press release will describe the top five companies accounting for most of the market share as well as recent mergers and acquisitions, major developments in the market, and new funding or investment within those market leaders.
5 Largest Companies by Market Share
P.T. Pupuk Indonesia
A leading fertilizer manufacturer in Asia, P.T. Pupuk Indonesia represents about 5.7% of the global urea market share, making it a leader in the market. The company is in a dominant position due in great part because of its large production capacity and strategic placement in the Asia-Pacific region.
Nutrien
Nutrien, a company created by the merger of Agrium and PotashCorp in 2018, is one of the world’s largest providers of crop inputs and services. It produces and sells a wide variety of fertilizers, including nitrogen-based varieties such as urea. With a strong retail climate and a proactive perspective for sustainable and innovative solutions, Nutrien has established and maintained a sharp position within the market.
CF Industries Nitrogen
CF Industries Nitrogen, a subsidiary of CF Industries Holdings, is a leading global manufacturer of nitrogen fertilizers, specifically urea, ammonia, and urea ammonium nitrate (UAN) solutions. Equipped with state-of-the-art production facilities and the most efficient distribution systems, Yara has the ability to provide reliable and high-quality nitrogen products worldwide.
SABIC Agri-Nutrients Company (SABIC AN)
SABIC AN is recognized as the world's largest producer of biologically enhanced urea fertiliser, reducing greenhouse gas emissions and locking up atmospheric carbon dioxide. By focusing on sustainable agriculture and innovative product offerings, the company has been able to establish a strong presence in the global market.
Acron Group
Acron Group is a leading global Top Urea Manufacturers Companies producer and a major nitrogen-based fertilizers supplier. These supply chains within the company are some of the reasons why it holds a larger market share and edge compared to competitors
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Recent Deal-Making Mergers and Acquisitions in Top Urea Manufacturers Companies
In April 2023, SABIC Agri-Nutrients Company purchased a 49% stake in ETG Inputs Holdco Ltd, a subsidiary of the ETC Group, for US$320 million. This acquisition would complement SABIC AN plans for building an integrated value chain and footprint diversification for its agri-nutrient product portfolio with a focus on strengthening its world-class global footprint.
Acquisition of Urea Plant of Tata Chemicals Limited by Yara International
Norwegian fertilizer giant Yara International completed the acquisition of Tata Chemicals Ltd's 1.2 million tonnes per annum urea plant at Babrala, Uttar Pradesh, for Rs 2,682 crore in what was the first foreign direct investment in India's highly regulated urea sector. It is a strategic move that strengthens Yara's presence in the world's second-largest fertilizer market.
Recent Market Developments
Partnership for Sustainable Agriculture Between SABIC AN
In September 2023, to implement a joint 50,000-acre pilot project in the Midwest, SABIC Agri-Nutrients Company partnered with US-headquartered ADM and BiOWiSH Technologies. The project leverages SABIC AN's biologically optimized urea fertilizer to mitigate short-lived greenhouse gas emissions and sequester atmospheric carbon dioxide as a means to support sustainable agriculture practices.
CF Industries' Profit Surge
CF Industries said the price of nitrogen fertilizer remained robust and natural gas prices remained low, resulting in a 68% surge in its third-quarter profit. It had strong operational performance as proven with an 8.7% increase in ammonia production, post the acquisition of the Waggaman facility in Louisiana.
New Funding or Investments
Carl Icahn's Stake In CVR Partners
In December 2024, activist investor Carl Icahn boosted his ownership of CVR Partners, a fertilizer company that specializes in ammonia and urea ammonium nitrate. Icahn buys $2.4 million on 32,348 common units of CVR Partners, a sign of confidence in the company's growth trajectory
Project of the Fertilizer Plant by Vikas Rambal
Vikas Rambal, an Indian-born chemical engineer, is embarking on a $6.5 billion fertilizer manufacturing factory on the Burrup Peninsula in Australia, which is expected to be completed in 2027. The plant, which is expected to produce 2.3 million tonnes of fertilizer annually, is a huge boost for the industry.
These shifts also indicate the evolving landscape of urea manufacturing globally, as top players consolidate their positions through mergers, acquisitions, and capital investments to drive sustainable growth.