GlobalData’s latest report states that the global urea capacity is poised to see considerable growth over the upcoming years, potentially increasing from 217.46 million tonnes per annum (mtpa) in 2018 to 305.80 mtpa in 2030. Around 91 planned and announced plants are slated to come online, primarily in Asia, Africa and the Former Soviet Union (FSU).
In Asia, India is planning to start 22 planned and announced urea plants, with a total capacity of about 18.09 mtpa, by 2030. The country’s related capital expenditure (capex) is expected to reach $10.32bn. Major capacity additions will be from Fertilizer Corporation of India and Rashtriya Chemicals and Fertilizers.
In the Middle East, Iran leads with planned and announced capacity additions of about 15.30 mtpa by 2030. The country is expected to spend a total of $6.56bn by 2030. Parsian Oil & Gas Development and Persian Gulf Petrochemical Industries are the top companies accounting for the major capacity additions in Iran.
Africa has 18 planned and announced urea plants, of which Nigeria has nine with a total capacity of 11.58 mtpa by 2030. The capex for these plants is $4.97bn by 2030. Major capacity additions will be from Dangote Industries.
Global planned and announced urea capacity additions by top 10 countries (mtpa), 2030
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataSource: Petrochemicals Analytics, GlobalData Oil and Gas. © GlobalData
In the Former Soviet Union (FSU), the majority of capacity additions are in Russia, with planned and announced capacity additions of about 9.98 mtpa by 2030. Capex for these plants is set to reach $5.58bn by 2030. Oteko, Nakhodka Fertilizer Plant and Lukoil Oil are the top companies accounting for the major capacity additions in Russia.
In North America, urea capacity additions are in the US, with planned and announced capacity additions of about 1.80 mtpa by 2030. Capex for these plants will total $1.18bn in the upcoming years.
In Oceania, Australia plans to spend $1.31bn to add capacity of about 2 mtpa, expected onstream by 2030.
Dangote Industries, Nagarjuna Fertilizers and Chemicals, and Fertilizer Corporation of India are the top three companies by planned capacity additions globally over the coming years.
