Leading Urea Companies Worldwide (2025 Report)
02 Jul, 2025

The global urea market was valued at USD 63.39 billion in 2024 and is forecasted to expand significantly, reaching USD 66.38 billion in 2025 and USD 96.00 billion by 2033. This growth represents a compound annual growth rate of 4.72% during 2025-2033. The vital function that urea plays in agriculture as a major nitrogen-based fertilizer has long been the driving force behind the worldwide urea industry. In addition to being widely utilized to increase agricultural yields and soil fertility, urea also finds usage in the industrial, chemical, and automotive industries. The market grew steadily as a result of expanding agricultural techniques, growing global food consumption, and growing usage of diesel exhaust fluid (DEF) to lower vehicle emissions. With nations like China and India being significant producers and consumers, Asia-Pacific dominated consumption. By making investments in slow-release and eco-friendly formulations, market participants demonstrated their commitment to sustainability. Because of its high nitrogen content, cost-effectiveness, and adaptability, the worldwide urea market has remained highly relevant across sectors despite regulatory and environmental concerns.

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List of Leading Companies in the Urea Market

1.BASF SE

Establishment: 1865

Headquarters: Germany

Website: www.basf.com

Revenue: $70.6B in 2023

The chemical corporation is called BASF SE (BASF). Chemicals, plastics, crop protection goods, and performance items are all produced, marketed, and sold there. Solvents, adhesives, surfactants, fuel additives, electronic chemicals, pigments, paints, food additives, fungicides, and herbicides are all part of its product portfolio. Construction, furniture and wood, agriculture, electronics and electrical, paints and coatings, automobiles, home care, nutrition, and chemicals are just a few of the sectors that the firm supports. BASF conducts research and development in collaboration with scientists, partners, and customers worldwide. The business uses a global network of manufacturing sites to do business. It is found in the Middle East, Africa, South America, Asia Pacific, Europe, and North America. The headquarters of BASF are located in Ludwigshafen, Germany.

2.Petrobras

Establishment: 1953

Headquarters: Brazil

Website: www.petrobras.com.br

The Brazilian government owns Petrobras, an integrated energy business with headquarters in Brazil. The company's primary focus is on oil and gas exploration and production in offshore Brazilian resources. In 2024, reserves were 10.9 billion barrels of oil equivalent (85% oil), while output was 2.7 million barrels per day (80% oil production). As of the end of 2023, Petrobras distributed natural gas and processed goods across Brazil and ran ten refineries with a daily capacity of 1.8 million barrels.

3.SABIC

Establishment: 1976

Headquarters: Saudi Arabia

Website: www.sabic.com

Revenue: $37.3B in 2023

Aramco Chemicals Co.'s subsidiary Saudi Basic Industries Corp (SABIC) is a multifaceted petrochemical business. The company produces and sells polymers, chemicals, agri-nutrients, and specialized goods. MTBE granular urea, polyethylene, polyether imide, polypropylene, polycarbonate, methanol, polybutylene terephthalate, engineered plastics and their compounding, and mono-ethylene glycol are some of SABIC's main products. The business also provides color and engineering services. Automotive, healthcare and hygiene, electrical and electronics, packaging, consumer goods, agriculture, and building and construction are just a few of the many sectors that SABIC supports. Customers in the Americas, Europe, the Middle East, Africa, and Asia can purchase the company's goods under a number of different names, including as Elcres, Valox, GTX, Lexan, LNP, ColorXpress, and Cycoloy. Saudi Arabia's Riyadh serves as the home base for SABIC.

4.Bunge Limited

Establishment: 1818

Headquarters: United States of America

Website: www.bunge.com

Revenue: $53.1B in 2023

Bunge Global SA (Bunge) is a food and agriculture enterprise. The business buys, stores, ships, and sells fertilizers, edible oils, milling goods, and food and materials. Oil seeds, vegetable oils, protein meals, packaged and bulk oils, shortenings, margarine, mayonnaise, wheat flour, and dry-milled maize products are all part of Bunge's product line. Additionally, it manufactures and markets solid and liquid phosphate fertilizers based on nitrogen. Animal feed producers, snack food makers, restaurant chains, food processing businesses, bakery confectioners, maize and oilseed processors, livestock producers, and wheat and corn millers are just a few of the businesses that employ Bunge's goods. The business produces power as well. Bunge has operations in Europe, Asia-Pacific, the Middle East, Africa, and the Americas. The US headquarters of Bunge are located in Chesterfield, Missouri.

5.Nutrien Ltd.

Establishment: 2018

Headquarters: Canada

Website: www.nutrien.com

Revenue: $26.0B in 2023

Potash, nitrogen, phosphate, and ammonium sulfate are among the fertilizers that Nutrien Ltd. (Nutrien) manufactures and distributes. Additionally, it offers agricultural solutions such as digital tools for crop producers, merchandising items, seed solutions, and crop protection and nutrition supplies. It provides retail services such agronomic solutions, crop advice, and field advising. The business serves both industrial and agricultural clients worldwide with its goods. Canada, the United States, Australia, Brazil, Trinidad & Tobago, Argentina, India, China, and other Latin American and Asian nations are among the territories in which the corporation conducts business. The headquarters of Nutrien are located in Saskatoon, Saskatchewan, Canada.

6.Sasol

Establishment: 1950

Headquarters: South Africa

Website: www.sasol.com

Revenue: $14B.9 in 2023

Sasol Ltd. (Sasol) is a multinational energy and chemical corporation. The company's primary operations include sourcing, producing, and marketing a variety of goods by incorporating advanced technologies and procedures into large-scale operational facilities. Liquefied petroleum gas, lubricants and lubricant base oils, automotive and industrial lubricants, greases, cleaners and degreasers, industrial heating fuels, naphtha, and illuminating paraffin transport fuels, as well as automobile and burner fuels, are among the products offered by the firm. In addition, it generates base chemicals, essential care chemicals, natural gas, and methane-rich gas. It functions through a network of key business units that interact with customers as well as upstream, regional operational hubs. The business operates in the Americas, Asia, Europe, and the Middle East and Africa. The headquarters of Sasol are located in Sandton, South Africa.

7.CF Industries Holdings, Inc.

Establishment: 1946

Headquarters: United States of America

Website: www.cfindustries.com

Revenue: $5.9 in 2023

Nitrogen and hydrogen products for fertilizer, emission reduction, and other industrial uses are produced and distributed by CF Industries Holdings Inc. (CF Industries). Ammonia, granular urea, urea ammonium nitrate solution (UAN), ammonium nitrate, diesel exhaust fluid (DEF), urea liquor, nitric acid, and aqua ammonia are among the items that the firm sells. Farmers, independent fertilizer dealers, cooperatives, and industrial users are among the customers it sells to. The US, Canada, and the UK are home to the company's distribution centers. Additionally, it exports nitrogen fertilizer products from its production plants in Billingham, UK; Yazoo City, Mississippi; and Donaldsonville, Louisiana. The US headquarters of CF Industries are located in Deerfield, Illinois.