The Sulfur Coated Urea Market report published by Market Data Forecast provides a detailed account of the Market Trends via Customized Research presented as Strategic Analyses, Company Profiles, Competitive Landscape, etc. According to the report the Sulfur Coated Urea Market is estimated to be USD XX million in 2017 and predicted to rise to USD xx billion by 2022 with a CAGR of 4.8%. The market is segmented by type (polymer and wax sulfur coated urea) , by application ( agriculture, golf courses, professional lawn care and turf and others) . Further the market is also geographically segmented into North America, Europe, Asia-Pacific, Latin America and Middle-East & Africa.
Rising concerns regarding sustainability and cost minimization in the agricultural sector are the major drivers boosting market growth. Due to the stringent regulations on the use and production of conventional fertilizers and people’s changing preference towards a sprawling lawn and the rising number of golf fields are further driving the market growth. Rising urbanization and increasing spending capacity of people are fuelling the market growth. Various alternatives to polymer coated urea and the high cost of sulfur coated urea as compared to conventional urea fertilizers are some of the factors hampering the growth of the market.
The market for Sulfur Coated Urea is broadly categorized into type and application. By type the market is divided into polymer and wax sulfur coated urea. Polymer coated sulfur urea is expected to dominate the market share. By application the market is divided into agriculture, golf courses, professional lawn care and turf and others. Agriculture segment is estimated to be the most prominent segment while the golf courses segment is expected to grow at a fast pace during the forecast period.
On the basis of geography, the market is analyzed under various regions namely North America, Europe, Asia-Pacific and Rest of the World. The Sulfur Coated Urea market was dominated by North America followed by Asia Pacific. Asia Pacific is expected to grow at the highest CAGR. Latin America and Middle East and Africa are expected to grow at a steady rate.
Key players considered in the sulfur coated urea market include Agrium Inc., Israel Chemicals Ltd., Syngenta AG, Andersons Inc., Yara International ASA, Haifa Chemicals Ltd., J. R. Simplot Company, Koch industries Inc. and Harrell’s LLC.
Browse through the full report at “https://www.marketdataforecast.com/market-reports/sulfur-coated-urea-market-6703/” and checkout our recent reports in the Agrochemicals category at “https://www.marketdataforecast.com/subcategory/agrochemicals-8/”. For more insights and up-to-date industry news don’t forget subscribing to our newsletters.