The global Urea Ammonium Nitrate (UAN) Market size was USD 4903.2 million in 2021. It is estimated to grow to USD 5018.7 million by 2028 with a CAGR of 1.4% during 2022-2028. The growing demand to boost the productivity, level yield, and fertilizer intensity intervals across areas and growing awareness regarding soil profile and nutritional balance funded by government support are the main drivers for the market.
UAN is urea, and ammonium nitrate solution in water served as a fertilizer. The urea and ammonium nitrate mixture has an extraordinarily low critical relative humidity (18% at 30 °C) and can only be used in liquid fertilizers. UAN delivers prolonged nutrition of plants with nitrogen, allows to adjust the nutrition in the key phases of plant growth, increases the missing factors in development, to obtains the necessary characteristics of commercial products; It has high application efficiency in all climatic zones, including “dry”; The price of nitrogen in UAN is lower, since nitrogen prices do not exceed 10% of total nitrogen when UAN is involved, while 30-40% when applying granular nitrogen fertilizers; UAN application as liquid fertilizers is more even than it is attainable for solid and granular.
Vast Research, Development and Investment Activities by Top Companies to Create more Efficient UAN Fertilizers and Digital Farming Pushing the Market Growth
The utilization of nitrogenous fertilizers is increasing abundantly worldwide owing to its advantages associated with crop growth, but the negative effect of nitrogenous fertilizers on the environment cannot be neglected. The players operating in the global nitrogenous fertilizer market are focused on researching and developing new product launches which are better efficient and have the least environmental impact. For example, in December 2018, Corteva Agriscience, Agricultural Division of DuPont de Nemours, Inc., established a new above-ground nitrogen stabilizer PinnitMax. The product can control the volatilization of urea and UAN applications and ensure the nitrogen gets into the root zone for perfect crop uptake.
Urea-ammonium nitrate, a major nitrogenous crop-growth enhancer, is rapidly famous among liquid fertilizer manufacturers due to its compatibility with pesticides, herbicides, growth controllers, and other nutrients. Liquid fertilizers enable farmers to decrease costs by applying crop production and protection products simultaneously rather than making several different applications. Urea-ammonium nitrate solutions are used as a nitrogen source for plants due to their smooth and uniform application than non-liquid forms of nitrogenous fertilizers. The chemical effects of urea-ammonium nitrate are compatible with many other nutrients and agricultural chemicals and are often mixed with solutions, including phosphorus, potassium, and other important plant nutrients.
The most typically used UAN fertilizers in the increased rainfall are expected to be drained into the groundwater and washed into waterways, resulting in harsh environmental and economic damage. To overwhelm these concerns, the Government of Western Australia presented should not involve some recommendations, such as UAN fertilizers should not be applied near streams or drains; they should be used when the pasture is actively developing and can use the fertilizers and detour excessive usage of the nitrogenous fertilizers in winter. These solutions are anticipated to reduce the effect of the overuse of nitrogen fertilizers.
Before the covid-19 period, Emerging economies worldwide realize the significance of using UAN fertilizers in agricultural production. The farmers of developing countries, such as China and India, are learning the proper use of chemicals. Moreover, local companies deliver sales services regarding the technologies and crop nutrient needs. These companies also educate the users regarding the potential harm caused by excess utilization of fertilizers and their proper storage and disposal methods, which helps the growth of the UAN market.
During the covid-19 period, the pandemic has affected all the processes that connected the processes and connected farm production to final consumers. Farmers have encountered a shortage of agricultural inputs, like fertilizer, seed, and pesticides. China is one of the major fertilizer producers and exporters in the world. When the lockdown began in China, the impact was extreme in production cuts due to labor shortages and transportation problems, which have resulted in stockpiling. Costs are at an all-time low, and inventories are high, with the market uncertain in producing nations, which shows the decline in the UAN market growth during the pandemic.
After the covid-19 period, The UAN fertilizer market is anticipated to grow due to the increasing food demand, the increased population, and the government funding for advanced techniques and fertilizer for high productivity to meet the rising demand. Technology progress worldwide, which works with current environmental issues, attracts attention to agriculture and creates the domain of fertilizers technology as the cornerstone for market development after the pandemic period.
Based on type, the global urea ammonium nitrate (UAN) market is segmented into UAN 28, UAN 30 and UAN 32. 28% is very good nitrogen and pretty clean nitrogen, which recommends because it’s nitrogen coming out of the air. It’s a better nitrogen source than anhydrous ammonia, which is extremely hard on soil structure. It’s very hard on all types of biology.
Based on End-User, the global urea ammonium nitrate (UAN) market is segmented into Cereals & Grains, Oilseeds & Pulses, Fruits & Vegetables and Others. The cereals segment maintains the highest share in the global UAN market. The growing world population is driving the demand for crops, especially cereals, as they are consumed as a staple across different parts of the world. The demand for UAN fertilizers across cereals production is predicted to grow steadily. The substantial use of UAN fertilizer for cereal crop growth and improved yield is anticipated to drive the utilization of UAN fertilizers in this segment. The application of nitrogen-based fertilizers in the fruits and vegetable segment is expected to grow fastest. In the upcoming years, rising demand for high-value crops such as fruits and vegetables due to their high nutrition profile is expected to aid the need for crop growth-promoting UAN fertilizers for the production of these crops.
Based on region, the global urea ammonium nitrate (UAN) market is segmented into North America, Europe, Asia-Pacific, South America and The Middle East & Africa. Asia-Pacific holds the highest share in the global UAN market. Asian countries such as India, China, and others have a large area available for crop cultivation, substantially high rural population, and favorable climate conditions for crop growth. These aspects are expected to increase the utilization of nitrogenous fertilizers in the region. Furthermore, the adoption of innovative marketing strategies by key players in the region and the launch of programs to enlighten farmers about using nitrogen fertilizers to boost crop growth are expected to help expand the region’s market size.
The companies include CF Industries, Nutrient, EuroChem, Yara International, Acron Group, OCI, Achema, Grodno Azot, LSB Industries and other prominent players in the global UAN market.
Key Stakeholders
| Report Attribute | Details |
|---|---|
| Revenue in 2021 | USD 4903.2 million |
| The revenue forecast in 2028 | USD 5018.7 million |
| Growth rate | CAGR of 1.4 % from 2022 to 2028. |
| Historical data | 2017 – 2020 |
| Base Year | 2021 |
| Forecast period | 2022 – 2028 |
| Region covered | North America, Europe, Asia-Pacific, South America, and Middle East & Africa |
| Key companies Profiled | CF Industries, Nutrient, EuroChem, Yara International, Acron Group, OCI, Achema, Grodno Azot, and LSB Industries are the key players. |
By Type
By End-User
By Region
The global Urea Ammonium Nitrate (UAN) Market size was USD 4903.2 million in 2021. It is estimated to grow to USD 5018.7 million by 2028 with a CAGR of 1.4% during 2022-2028.
During the covid-19 period, the pandemic has affected all the processes that connected the processes and connected farm production to final consumers. Farmers have encountered a shortage of agricultural inputs, like fertilizer, seed, and pesticides. China is one of the major fertilizer producers and exporters in the world. When the lockdown began in China, the impact was extreme in production cuts due to labor shortages and transportation problems, which have resulted in stockpiling.
Urea-ammonium nitrate, a major nitrogenous crop-growth enhancer, is rapidly famous among liquid fertilizer manufacturers due to its compatibility with pesticides, herbicides, growth controllers, and other nutrients.
The most typically used UAN fertilizers in the increased rainfall are expected to be drained into the groundwater and washed into waterways, resulting in harsh environmental and economic damage.
CF Industries, Nutrient, EuroChem, Yara International, Acron Group, OCI, Achema, Grodno Azot, and LSB Industries are the key players in the global urea ammonium nitrate market.
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