Opportunity
Australia’s only Waste-to-Fertiliser producer
The global urea market was valued at USD 98.9B in 2024 and is projected to grow from USD 103.2B in 2025 to USD 154.1B by 2033 growing at a CAGR of 5.7%
National Security
Import Replacement
Agriculture
The Food and Agriculture Organization (FAO) of the United Nations (UN) estimates that nitrogenous fertilisers, like urea, can increase crop yields by 50-100%.
It further reports that global food production must rise by 70% by 2050 to feed an estimated 9.7 billion people.
Urea, with its high nitrogen content of 46%, is a critical input for boosting crop yields, in both developed and developing economies.
Urea can also be included in feed rations for cattle and other ruminants.
Transport
Used globally, referred to as AdBlue or DEF (Diesel Exhaust Fluid), AdBlue is a liquid solution of Urea which, when added to a diesel exhaust stream, reduces harmful nitrogen oxides (NOx) converting them into harmless nitrogen and water.
The global AdBlue/DEF market is currently valued at USD 30B and is projected to grow at a CAGR of 4% to reach USD 44.5B by 2033.
Global AdBlue/DEF up 4% CAGR
Industrial
Urea is used as a raw material in numerous industrial applications including the manufacture of plastics, resins and glues. An alternative to corrosive salt it can be used as a de-icing compound for roads and runways, used in cold packs or as a fire retardant in chemical fire extinguishers for Class B (flammable liquids) and Class E (electrical fires).
Urea also has application in dyes, leather tanneries, metal and water treatment plants.
AFC Urea
Broad, Global Industrial Applications
Plastic
Road Salting
Water Treatment
Fire Extinguisher
Leather Goods
Pharmaceutical
Urea is widely used as a raw material in the pharmaceutical industry, both for over-the-counter moisturising creams and for topical treatments for a variety of skin conditions.
Urea and its derivatives are also used in therapeutic compounds such as anti-bacterial, anti-fungal and anti-viral compounds.
It is also approved by the FDA & TGA for human use in drug manufacture, including drugs for the treatment of HIV, Hepatitis, Liver.
