Asia Pacific Urea Strippers Market is the leading region in terms of both market value and volume. The growth of the region is supported by the expanding agricultural base in Asia Pacific.
Governments in the region are constantly launching projects such as the climate-smart agriculture (CSA) project that aims at developing the understanding of indigenous and research-derived information for increasing the adaptive capabilities and productivity of smallholder farmers by climate-smart and gender-sensitive sustainable intensification strategies.
Such projects are directly benefiting the urea stripper market. Moreover, key players are concentrating on policies to provide high-end stripping columns to provide a higher yield of urea and with better operational performance.
Presence of the majority of leading players such as Larsen & Toubro, ISGEC Heavy Engineering Ltd, Toyo Engineering India Pvt. Ltd, Paramount Limited, and Kay Iron Works (Jorian) Pvt. Ltd in the region supporting the growth of the market.
Key Takeaways from the Urea Strippers Market Report
- There has been an increasing demand for urea strippers in the chemical process industry due to their application in various sectors like agriculture and automotive products.
- Fertilizer production will continue to expand in the coming years, consequently, demand for urea strippers will keep rising at a steady pace
- Increasing use of urea in end-use industries is expected to help East Asia and South Asia Pacific to continue their dominance in the market
- Urea strippers market growth is locally driven due to maximum consumption being recorded in regions manufacturing them
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“Globally, demand is steadily growing for fertilizer projects due to economic growth and population increase in emerging markets. It is expected that the application of urea strippers in these sectors will continue to grow constantly over the period of time. Rising investment in fertilizer due to stabilization of raw material prices is favoring growth of the market. At the same time, companies are looking for options that will help them contribute towards the protection of the environment,” said a lead FMI analyst.
Who is winning?
Manufacturers have begun creating new technologies and innovations to maximize profit. The tier 1 and tier 2 players’ are major shareholders in the urea strippers market. This has increased competition among the players, leading to newer developments in the field. They are now shifting their focus towards partnerships with different businesses to increase market awareness. Countries with economies that are dependent on agriculture hold a significant hold in the market.
Some of the key players in the urea strippers market are Toyo Engineering India Pvt. Ltd., ISGEC Heavy Engineering Ltd., Paramount Ltd., Kay Iron Works (Jorian) Private Limited, Larsen & Toubro, Mangiarotti Spa, Saipem S.p.A., Feeco International Inc. and Alfa Laval.
Valuable Insights into the Urea Strippers Market Report
FMI has published a study compiling analysis based on the urea strippers market for the years 2015-2019 and presented a detailed assessment for the 2020-2030 period. To cover all aspects of the industry, the market is divided into various segments.
Key Segments
Material of Construction
- Duplex Steel
- Stainless Steel
- Zirconium
- Titanium
- 25 Cr-22Ni-2Mo
- 316 L- UG
Capacity
- Up to 1,000 MTPD
- 1,000-1,500 MTPD
- 1,500-3,500 MTPD
- Above 3,500 MTPD
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Competitive Landscape
The global urea stripper market is consolidated due to the presence of tier 1 and tier 2 players across the globe accounting for a fairly significant share. Players operating in the market are increasingly engaging in ventures with collaboration and acquisitions to further expand their consumer base.
The key players in the urea stripper market are working to launch innovative solutions for urea manufacturers by integrating licensed technology with their products which are expected to gain a competitive advantage.
Some of the leading players in the urea stripper market include
- Larson & Toubro
- Saipem S.p.A.
- Stamicarbon
- Urea Casale
- TOYO India
- ALFA LAVAL
According to FMI, this is going to remain a key growth factor throughout the assessment period For instance TOYO India’s ACES21® is advantageous in low investment cost and low energy consumption for urea production. ACES21® has been developed together with P.T. Pupuk Sriwidjaja (PUSRI) of Indonesia as a cost and energy-saving version of the ACES Process.