The global sulfur coated urea market is expected to witness significant growth over the forecast period. Coated urea fertilizers are a group of controlled-release fertilizer consisting of prills of urea coated in less-soluble chemicals like sulfur, polymers, etc. Sulfur coated urea is a controlled release fertilizer produced by coating hot urea by molten sulfur polyurethane oil or microcrystalline wax. The major factor that propels the growth of the global market includes rising concerns in the agriculture segment such as strict regulatory framework on conventional fertilizers, eutrophication, etc.
Also, inclination towards expenditure on luxury amenities such as household lawns and an increasing number of golf courses are fueling the growth of the global market. Moreover, growing urbanization and increasing disposable income all over the world particularly in Asian economies are projected to fuel the market demand.
On the other hand, some factors hamper the growth of the market such as growing commercialization and product improvement in substitute products such as polymer-coated urea. Also, the higher price of sulfur coated urea as compared to that of the conventional urea fertilizers.
The global sulfur coated urea market is classified based on product type, application, and geography. Based on product type, the global market is classified as polymer sulfur coated urea and wax sulfur coated urea. Among the product type, polymer sulfur coated urea segment dominated a large share of the global market in 2015. Also, the polymer sulfur coated urea segment is estimated to continue its dominance in the market throughout the forecast period.
The factors that attribute to the growth of this segment are owed to superior nutrient supply as compared to wax sulfur coated urea. Besides, it has a less price as compared to that of other polymer-coated fertilizers. Based on the application, the global market is classified as agriculture, golf courses, professional lawn care and turf, and others. The other segment includes greenhouses, nurseries, and horticulture.
Among the applications, the agriculture segment is projected to account for a major share of the global market in 2015. But over the forecast period, golf courses application is expected to grow at a considerable rate as compared to that of the agriculture segment. Based on geography, the global market is classified as North America, Western Europe, Asia Pacific Excluding Japan (APEJ), Eastern Europe, Latin America, the Middle East, and Africa, and Japan. In the case of geographical region, North America and Asia Pacific Excluding Japan are projected to account for a dominant share of the global sulfur coated urea market in 2015.
Asia Pacific Excluding Japan is projected to develop at the highest growth rate over the forecast period. The factors that contribute to the growth of this region are owed to rising food demand and declining per capita arable land is increasing demand for sulfur coated urea. Also, the rising emphasis of the urban population on fun activities and luxury facilities such as golf courses and lawn tennis turfs has fuelled the growth of the market.
On the other hand, regions such as Latin America and the Middle East and Africa are anticipated to grow over the forecast period. Some of the prominent players that fuel the growth of the global sulfur coated urea market include Agrium Inc., Andersons Inc., Haifa Chemicals Ltd., Koch Industries Inc., J. R. Simplot Company, Israel Chemicals Ltd., Syngenta AG, Yara International ASA, and Harrell’s LLC.
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