FMI has announced the addition of the Sulphur Coated Urea Market 2015-2025
Future Market Insights has announced the addition of the “Sulphur Coated Urea Market: Global Industry Analysis and Opportunity Assessment 2015-2025" report to their offering.
A group of controlled release fertilizers consisting of pellets of urea which are coated with sulphur, polymers, combination of both (sulphur and polymers) or other products are called as coated urea fertilizers. Urea is released through coatings when penetrated in water or broken down. Sulphur coated urea releases nitrogen when penetrated in water. To get a slow release of nitrogen, an additional wax coating can be done. Sulphur coated urea contains 32% to 41% of nitrogen by weight and 25%-12% of sulphur. All the sulphur coated products are applied in granular form.
The additional equipment and labour required to produce sulphur coated urea makes them expensive as compared to conventional fertilizers. However, due to simple manufacturing process and relatively low cost of sulphur than other products.
Depending upon the environmental conditions, sulphur coated urea can last upto eight to twelve weeks. Sulphur element in sulphur coated urea acts as a pesticide, thus is preferred for crop fertilization. Lower cost with lower risk of chemical insecticides and fungicides makes sulphur coated urea a better option for farmers.
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Sulphur Coated Urea Market: Drivers and Challenges
The key market driver of sulphur coated urea market is increasing demand of grains due to rise in population. Increase in demand of grains will lead to increase in use of fertilizers and hence is expected to increase the market for sulphur coated urea. Also, increase in disposable income will lead to the demand of high value added products and hence is expected to increase the demand of sulphur coated urea market by 2025 end. However the major challenges faced by sulphur coated urea is the ammonia emission during the manufacturing process and use of substitute speciality products.
Sulphur Coated Urea Market: Segmentation
The global sulphur coated urea market can be segmented by application type and by region.
Based on application, the global sulphur coated urea market is segmented as:
- Golf Courses
Sulphur coated urea market has the largest market share in agriculture application and is expected to continue its market leader position by 2025 end. Sulphur element along with nitrogen acidulate the soil and reduces its PH value. Also, the presence of sulphur, maximizes the uptake of nitrogen by plants. Sulphur, itself serves as a micro nutrient for crops and hence sulphur coated urea finds its best application in agriculture.
Sulphur Coated Urea Market: Region-wise Outlook
Depending on geographic regions, global sulphur coated ureamarket is segmentedinto seven key regions: North America, Latin America, Eastern Europe, Western Europe, Asia-Pacific, Japan, and Middle East & Africa. Asia-Pacific sulphur coated urea market is projectedto register a significant CAGR during the forecast period mainly due to growing population along with an increase in focus of government in agricultural sector in India in China, the demand for sulphur coated urea is estimated to be very high by 2025 end. North America is estimated to have the largest market share, in terms of revenue, by 2015 end followed by APAC.
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Sulphur Coated Urea Market: Key Players
Some of the key market participants in global sulphur coated urea market are Hanfeng Evergreen Inc., Golden Harvest Chemical. Co. Ltd., Agrium Inc., Shandong Liaocheng Luxi Chemicals. Co. Ltd., Tongxiang Fengda Bio-Technology Development Co. Ltd., ArgUniv Fert, Luyue Chemical, Puyang Dahua, The Andersons, Turf Care, Wanxin Fertilizer