The national fertilizer development center developed the sulfur coated technology in 1960s and 1970s. Sulfur coated urea is a type of controlled release fertilizers that are generally classified under the coated products. The sulfur coated urea are manufactured by coating molten sulfur on hot urea and then sealing it with polyethylene oil or wax. The sulfur coated urea may contain 30 – 40 % of nitrogen and 15 – 20 % of sulfur. The necessity of using proper amount of nutrients in cultivation is expected to drive the global sulfur coated urea market. Moreover, the global sulfur coated urea market is expected to witness a steady growth in the forecast period.
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Sulfur coated urea market: Drivers and restraints
The growing global population will boost the demand for grains and hence the agriculture industry is expected to rise in the near future. This will lead to the extensive use of fertilizers and is therefore expected to fuel the global sulfur coated urea market. Increasing incomes has stimulated the demand for high value added products, hence driving the global sulfur coated urea market. Stringent government regulations pertaining to land pollution and the use of quality fertilizers may prove to be major demand driver for the sulfur coated urea market. Another factor that is likely to drive the global sulfur coated urea market is the rise in food industry. The key players are embracing the strategy of merger and acquisition to secure their position in the sulfur coated market.
Sulfur coated urea market: Segmentation
The sulfur coated urea market can be segmented based on applications as:
• Agriculture
• Golf courses
• Commercial
• Others
Sulfur coated urea market: Region wise outlook
The global sulfur coated urea market can be broadly classified based on geography into seven key segments as North America, Latin America, Asia – Pacific, Western Europe, Eastern Europe, Japan and Middle – East and Africa. Asia pacific is expected to witness a significant growth in the sulfur coated urea market because of the rapid increase in population. China is anticipated to contribute a major share in the global sulfur coated urea market.
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Sulfur coated urea market: Key market players
Some of the key players identified in the global sulfur coated urea market are:
• Hanfeng Evergreen Inc
• Agrium Inc.
• Golden harvest chemical. co., ltd
• Shandong Liaocheng Luxi Chemical Sale Co., Ltd.
• Tongxiang Fengda Bio-Technology Development Co., Ltd.