Urea Capacity and Capital Expenditure (CapEx) Forecast by Region, Key Countries, Companies and Projects (New Build, Expansion, Planned and Announced), 2023-2030
Global urea capacity is poised to see considerable growth over the upcoming years, potentially increasing from 234.41 million tonnes per annum (mtpa) in 2022 to 298.85 mtpa in 2030. Around 75 planned and announced plants are slated to come online by 2030, primarily in Former Soviet Union and Middle East. Among countries, Iran is expected to lead urea capacity growth by 2030, followed by Russia and India. Nakhodka Fertilizer Plant, Turkmenhimiya and Reliance Industries Ltd are the top three companies...