According to a new report by Future Market Insights (FMI), the increasing demand in the fertilizer industry is driving the urea strippers market. Applications of urea strippers across diverse industries such as medicine, agriculture, automobile, chemical industry, and others have been creating growth opportunities. Urea strippers also have proven useful in recycling processes due to their basic design and because they allow heat recovery.
Their ability to hold firm in severe conditions reduces their maintenance needs, ensuring better durability. FMI reports that the extensive use of urea strippers in the fertilizer industry and other commercial sectors will help the market grow in value.
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The global population recorded in 2020 is 7.8 Bn, and that for 2019 was pegged at around 7.6 Bn with a change of 1.08% as of 2018. In recent years, the global population has exhibited consistent growth and is expected to grow further.
The world population is forecast to reach 9.9 billion by 2050. That will be an increase of more than 25% from the current 2020 population of 7.8 Bn. With the increasing population, the demand for food is also increasing. According to a report by the UN Food and Agriculture Organization (FAO), farmers will produce about 70% more food by 2050 to satisfy the food needs of the 9.9 billion predicted population.
As a result of the increase in demand for agricultural products and to ensure a high output with the available resources, land will become the key concept for producers. This will lead to increasing use of urea strippers to enhance crop yield and production. As the agricultural industry serves as the leading end-use industry to the urea strippers market, the increased demand for food will directly thrust the growth rate of the urea stripper market.
By Sementation:
Material of Construction
- Duplex Steel
- Stainless Steel
- Zirconium
- Titanium
- 25 Cr-22Ni-2Mo
- 316 L- UG
Capacity
- Upto 1,000 MTPD
- 1,000-1,500 MTPD
- 1,500-3,500 MTPD
- Above 3,500 MTPD
Regional Outlook
- North America – US and Canada
- Europe – Russia, Ukraine, and rest of Europe
- East Asia – China, Japan, and rest of East Asia
- South Asia Pacific – India, ASEAN, and rest of South Asia and Pacific
- Rest of World – GCC Countries, Africa and rest of world
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Driven by extensive use as a fertilizer and consistently rising non-fertilizer applications, the global urea strippers market is forecast showcase impressive growth between 2020 and 2030. Future Market Insights (FMI) in a new study has identified the agriculture sector as a lucrative segment in the market.
Because India and China have strong agricultural sectors, demand witnessed in these countries is expected to be considerably high. However, in the future, this segment is anticipated to exhibit reduced growth owing to the various regulations on artificial fertilizers.
The use of urea in non-fertilizer applications such as urea-formaldehyde resins, melamine-formaldehyde resins, and livestock feed are expected to enable growth in the global urea stripper market. According to FMI, the growth of the market is expected to be driven by demand recorded locally as it is principally consumed in the countries where it is produced. The production augmentation by the key manufacturers is forecast to showcase the growth of the urea stripper market.
Competitive Landscape
The global urea stripper market is consolidated due to the presence of tier 1 and tier 2 players across the globe accounting for a fairly significant share. Players operating in the market are increasingly engaging in ventures with collaboration and acquisitions to further expand their consumer base.
The key players in the urea stripper market are working to launch innovative solutions for urea manufacturers by integrating licensed technology with their products which is expected to gain competitive advantage.
According to FMI, this is going to remain as key growth factor through the assessment period For instance TOYO India’s ACES21® is advantageous in low investment cost and low energy consumption for urea production. ACES21® has been developed together with P.T. Pupuk Sriwidjaja (PUSRI) of Indonesia as a cost and energy-saving version of the ACES Process.
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Some of the leading players in the urea stripper market include
- Larson & Toubro
- Saipem S.p.A.
- Stamicarbon
- Urea Casale
- TOYO India
- ALFA LAVAL
- NIIK
- Thyssenkrupp
- FLOWTRONIX
- Isgec Heavy Engineering Ltd
- Kay Iron Works (Jorian) Private Limited
- FEECO International, Inc
- Sandvik AB
- MANGIAROTTI spa
- Paramount Limited