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Phosgene Market Share, Size, Trends, Industry Analysis Report, By Derivative Type (Isocyanates, Chloroformates, Carbamoyl Chlorides, and Others); By Application; By End-Use; By Region; Segment Forecast, 2023 - 2032
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- Hodogaya Chemical
- Huntsman Corporation
- Mitsui Chemical
- Paushak Ltd.
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The global phosgene market size is expected to reach USD 7.84 billion by 2032, according to a new study by Polaris Market Research. The report "Phosgene Market Share, Size, Trends, Industry Analysis Report, By Derivative Type (Isocyanates, Chloroformates, Carbamoyl Chlorides, and Others); By Application; By End-Use; By Region; Segment Forecast, 2023 - 2032" gives a detailed insight into current market dynamics and provides analysis on future market growth.
Rising prevalence regarding the product utilization for the production of agrochemicals in order to meet the food safety requirements and surging use of phosgene in the synthesis of diethyl carbamoyl chloride along with the significant expansion of pharmaceutical industry and a continuous uptick in R&D activities, are among the prominent factors boosting the market. Additionally, industries such as construction, automotive, and furniture are driving the demand for polyurethane foams, coatings, adhesives, and sealants, which results in higher demand and adoption of phosgene over the coming years.
For instance, in September 2022, VanDeMark, a leading manufacturer of life science chemistries, announced the recent investment from the SK Capital in a joint partnership with the Comvest Partners, that will expand the company's presence in fine chemistries and help them to get deeper into the market.
With the increasing environmental concerns and regulations, there is a growing demand for sustainable solutions in the chemical industry and various phosgene manufacturers have the opportunity to explore greener alternatives and processes that minimize the environmental impact of phosgene production. Thereby, investing in research and development for eco-friendly technologies that help companies capture this emerging demand for sustainable solutions is gaining huge traction in the last few years.
In addition, the significant advancements in monitoring and safety systems which have enhanced the handling and storage of phosgene that also includes the development of real-time monitoring technologies to detect leaks, advanced sensors, and improved safety protocols, while ensuring the safe handling of phosgene and minimize the risk of exposure to workers and the environment, is also among the one of the most emerging trends globally shaping the market.
Phosgene Market Report Highlights
Isocyanates segment accounted for global market share in 2022, mainly due to its growing use in automotive industry and applications in rigid & flexible foams and paints & varnishes
Methyl diphenyl diisocyanate segment held the majority market share in 2022, owing to significant growth in the number of applications across wide range of sectors including thermoplastic polyurethanes
Specialty chemicals segment is expected to exhibit fastest growth in the study period, which is highly attributable to surging demand for specialty polycarbonates in construction and medical industries
Asia Pacific region dominated the market with substantial share in 2022, on account of presence of prominent market players and well-established and developed automotive and chemical sectors
The global key market players include: Vertellus Holdings, Dow Chemical Company, Huntsman Corporation, Shandong Tianan Chemicals, PPG Industries, Tosoh Corporation, and Bayer AG
Polaris Market Research has segmented the phosgene market report based on derivative, application, end-use, and region:
Phosgene, Derivative Outlook (Revenue - USD Billion, 2023 - 2032)
- Isocyanates
- Chloroformates
- Carbamoyl Chlorides
- Others
Phosgene, Application Outlook (Revenue - USD Billion, 2023 - 2032)
- Methyl Diphenyl Diisocyanate
- Toluene Diisocyanate
- Polycarbonate Resins
- Others
Phosgene, End-Use Outlook (Revenue - USD Billion, 2023 - 2032)
- Pharmaceuticals
- Agrochemicals
- Dyes
- Fine Chemicals
- Polycarbonates
- Specialty Chemicals
- Others
Phosgene, Regional Outlook (Revenue - USD Billion, 2023 - 2032)
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Netherlands
- Asia Pacific
- China
- India
- Japan
- South Korea
- Indonesia
- Malaysia
- Middle East & Africa
- UAE
- Saudi Arabia
- Israel
- South Africa
Table of Contents
1. Introduction
- 1.1. Report Description
- 1.1.1. Objectives of the Study
- 1.1.2. Market Scope
- 1.1.3. Assumptions
- 1.2. Stakeholders
2. Executive Summary
3. Research Methodology
- 3.1. Overview
- 3.2. Data Sources
- 3.2.1. Primary Sources
- 3.2.2. Secondary Sources
4. Global Phosgene Market Insights
- 4.1. Phosgene Market - End-Use Snapshot
- 4.2. Phosgene Market Dynamics
- 4.2.1. Drivers and Opportunities
- 4.2.1.1. Rising technological advancements
- 4.2.1.2. Growing demand for bedding and furniture sectors
- 4.2.2. Restraints and Challenges
- 4.2.2.1. High toxicity of phosgene
- 4.3. Porter's Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers (Moderate)
- 4.3.2. Threats of New Entrants: (Low)
- 4.3.3. Bargaining Power of Buyers (Moderate)
- 4.3.4. Threat of Substitute (Moderate)
- 4.3.5. Rivalry among existing firms (High)
- 4.4. PESTEL Analysis
- 4.5. Phosgene Market End-Use Trends
- 4.6. Value Chain Analysis
- 4.7. COVID-19 Impact Analysis
5. Global Phosgene Market, by Derivative Type
- 5.1. Key Findings
- 5.2. Introduction
- 5.2.1. Global Phosgene Market, by Derivative Type, 2019-2032 (USD Billion)
- 5.3. Isocyanates
- 5.3.1. Global Phosgene Market, by Isocyanates, by Region, 2019-2032 (USD Billion)
- 5.4. Chloroformates
- 5.4.1. Global Phosgene Market, by Chloroformates, by Region, 2019-2032 (USD Billion)
- 5.5. Carbamoyl Chlorides
- 5.5.1. Global Phosgene Market, by Carbamoyl Chlorides, by Region, 2019-2032 (USD Billion)
- 5.6. Others
- 5.6.1. Global Phosgene Market, by Others, by Region, 2019-2032 (USD Billion)
6. Global Phosgene Market, by Application
- 6.1. Key Findings
- 6.2. Introduction
- 6.2.1. Global Phosgene Market, by Application, 2019-2032 (USD Billion)
- 6.3. Methylene Diphenyl Diisocyanate
- 6.3.1. Global Phosgene Market, by Methylene Diphenyl Diisocyanate, by Region, 2019-2032 (USD Billion)
- 6.4. Toluene Diisocyanate
- 6.4.1. Global Phosgene Market, by Toluene Diisocyanate, by Region, 2019-2032 (USD Billion)
- 6.5. Polycarbonate Resins
- 6.5.1. Global Phosgene Market, by Polycarbonate Resins, by Region, 2019-2032 (USD Billion)
- 6.6. Others
- 6.6.1. Global Phosgene Market, by Others, by Region, 2019-2032 (USD Billion)
7. Global Phosgene Market, by End-Use
- 7.1. Key Findings
- 7.2. Introduction
- 7.2.1. Global Phosgene Market, by End-Use, 2019-2032 (USD Billion)
- 7.3. Pharmaceuticals
- 7.3.1. Global Phosgene Market, by Pharmaceuticals, By Region, 2019-2032 (USD Billion)
- 7.4. Agrochemicals
- 7.4.1. Global Phosgene Market, by Agrochemicals, By Region, 2019-2032 (USD Billion)
- 7.5. Dyes
- 7.5.1. Global Phosgene Market, by Dyes, By Region, 2019-2032 (USD Billion)
- 7.6. Fine Chemicals
- 7.6.1. Global Phosgene Market, by Fine Chemicals, By Region, 2019-2032 (USD Billion)
- 7.7. Polycarbonates
- 7.7.1. Global Phosgene Market, by Polycarbonates, By Region, 2019-2032 (USD Billion)
- 7.8. Specialty Chemicals
- 7.8.1. Global Phosgene Market, by Specialty Chemicals, By Region, 2019-2032 (USD Billion)
- 7.9. Others
- 7.9.1. Global Phosgene Market, by Others, By Region, 2019-2032 (USD Billion)
8. Global Phosgene Market, by Geography
- 8.1. Key findings
- 8.2. Introduction
- 8.2.1. Phosgene Market Assessment, By Geography, 2019-2032 (USD Billion)
- 8.3. Phosgene Market - North America
- 8.3.1. North America: Phosgene Market, by Derivative Type, 2019-2032 (USD Billion)
- 8.3.2. North America: Phosgene Market, by End-Use, 2019-2032 (USD Billion)
- 8.3.3. North America: Phosgene Market, by Application, 2019-2032 (USD Billion)
- 8.3.4. Phosgene Market - U.S.
- 8.3.4.1. U.S.: Phosgene Market, by Derivative Type, 2019-2032 (USD Billion)
- 8.3.4.2. U.S.: Phosgene Market, by End-Use, 2019-2032 (USD Billion)
- 8.3.4.3. U.S.: Phosgene Market, by Application, 2019-2032 (USD Billion)
- 8.3.5. Phosgene Market - Canada
- 8.3.5.1. Canada: Phosgene Market, by Derivative Type, 2019-2032 (USD Billion)
- 8.3.5.2. Canada.: Phosgene Market, by End-Use, 2019-2032 (USD Billion)
- 8.3.5.3. Canada: Phosgene Market, by Application, 2019-2032 (USD Billion)
- 8.4. Phosgene Market - Europe
- 8.4.1. Europe: Phosgene Market, by Derivative Type, 2019-2032 (USD Billion)
- 8.4.2. Europe.: Phosgene Market, by End-Use, 2019-2032 (USD Billion)
- 8.4.3. Europe: Phosgene Market, by Application, 2019-2032 (USD Billion)
- 8.4.4. Phosgene Market - UK
- 8.4.4.1. UK: Phosgene Market, by Derivative Type, 2019-2032 (USD Billion)
- 8.4.4.2. UK.: Phosgene Market, by End-Use, 2019-2032 (USD Billion)
- 8.4.4.3. UK: Phosgene Market, by Application, 2019-2032 (USD Billion)
- 8.4.5. Phosgene Market - France
- 8.4.5.1. France: Phosgene Market, by Derivative Type, 2019-2032 (USD Billion)
- 8.4.5.2. France.: Phosgene Market, by End-Use, 2019-2032 (USD Billion)
- 8.4.5.3. France: Phosgene Market, by Application, 2019-2032 (USD Billion)
- 8.4.6. Phosgene Market - Germany
- 8.4.6.1. Germany: Phosgene Market, by Derivative Type, 2019-2032 (USD Billion)
- 8.4.6.2. Germany.: Phosgene Market, by End-Use, 2019-2032 (USD Billion)
- 8.4.6.3. Germany: Phosgene Market, by Application, 2019-2032 (USD Billion)
- 8.4.7. Phosgene Market - Italy
- 8.4.7.1. Italy: Phosgene Market, by Derivative Type, 2019-2032 (USD Billion)
- 8.4.7.2. Italy.: Phosgene Market, by End-Use, 2019-2032 (USD Billion)
- 8.4.7.3. Italy: Phosgene Market, by Application, 2019-2032 (USD Billion)
- 8.4.8. Phosgene Market - Spain
- 8.4.8.1. Spain: Phosgene Market, by Derivative Type, 2019-2032 (USD Billion)
- 8.4.8.2. Spain.: Phosgene Market, by End-Use, 2019-2032 (USD Billion)
- 8.4.8.3. Spain: Phosgene Market, by Application, 2019-2032 (USD Billion)
- 8.4.9. Phosgene Market - Netherlands
- 8.4.9.1. Netherlands: Phosgene Market, by Derivative Type, 2019-2032 (USD Billion)
- 8.4.9.2. Netherlands.: Phosgene Market, by End-Use, 2019-2032 (USD Billion)
- 8.4.9.3. Netherlands: Phosgene Market, by Application, 2019-2032 (USD Billion)
- 8.4.10. Phosgene Market - Russia
- 8.4.10.1. Russia: Phosgene Market, by Derivative Type, 2019-2032 (USD Billion)
- 8.4.10.2. Russia.: Phosgene Market, by End-Use, 2019-2032 (USD Billion)
- 8.4.10.3. Russia: Phosgene Market, by Application, 2019-2032 (USD Billion)
- 8.5. Phosgene Market - Asia Pacific
- 8.5.1. Asia Pacific: Phosgene Market, by Derivative Type, 2019-2032 (USD Billion)
- 8.5.2. Asia Pacific.: Phosgene Market, by End-Use, 2019-2032 (USD Billion)
- 8.5.3. Asia Pacific: Phosgene Market, by Application, 2019-2032 (USD Billion)
- 8.5.4. Phosgene Market - China
- 8.5.4.1. China: Phosgene Market, by Derivative Type, 2019-2032 (USD Billion)
- 8.5.4.2. China.: Phosgene Market, by End-Use, 2019-2032 (USD Billion)
- 8.5.4.3. China: Phosgene Market, by Application, 2019-2032 (USD Billion)
- 8.5.5. Phosgene Market - India
- 8.5.5.1. India: Phosgene Market, by Derivative Type, 2019-2032 (USD Billion)
- 8.5.5.2. India.: Phosgene Market, by End-Use, 2019-2032 (USD Billion)
- 8.5.5.3. India: Phosgene Market, by Application, 2019-2032 (USD Billion)
- 8.5.6. Phosgene Market - Malaysia
- 8.5.6.1. Malaysia: Phosgene Market, by Derivative Type, 2019-2032 (USD Billion)
- 8.5.6.2. Malaysia.: Phosgene Market, by End-Use, 2019-2032 (USD Billion)
- 8.5.6.3. Malaysia: Phosgene Market, by Application, 2019-2032 (USD Billion)
- 8.5.7. Phosgene Market - Japan
- 8.5.7.1. Japan: Phosgene Market, by Derivative Type, 2019-2032 (USD Billion)
- 8.5.7.2. Japan.: Phosgene Market, by End-Use, 2019-2032 (USD Billion)
- 8.5.7.3. Japan: Phosgene Market, by Application, 2019-2032 (USD Billion)
- 8.5.8. Phosgene Market - Indonesia
- 8.5.8.1. Indonesia: Phosgene Market, by Derivative Type, 2019-2032 (USD Billion)
- 8.5.8.2. Indonesia.: Phosgene Market, by End-Use, 2019-2032 (USD Billion)
- 8.5.8.3. Indonesia: Phosgene Market, by Application, 2019-2032 (USD Billion)
- 8.5.9. Phosgene Market - South Korea
- 8.5.9.1. South Korea: Phosgene Market, by Derivative Type, 2019-2032 (USD Billion)
- 8.5.9.2. South Korea.: Phosgene Market, by End-Use, 2019-2032 (USD Billion)
- 8.5.9.3. South Korea: Phosgene Market, by Application, 2019-2032 (USD Billion)
- 8.6. Phosgene Market - Middle East & Africa
- 8.6.1. Middle East & Africa: Phosgene Market, by Derivative Type, 2019-2032 (USD Billion)
- 8.6.2. Middle East & Africa.: Phosgene Market, by End-Use, 2019-2032 (USD Billion)
- 8.6.3. Middle East & Africa: Phosgene Market, by Application, 2019-2032 (USD Billion)
- 8.6.4. Phosgene Market - Saudi Arabia
- 8.6.4.1. Saudi Arabia: Phosgene Market, by Derivative Type, 2019-2032 (USD Billion)
- 8.6.4.2. Saudi Arabia.: Phosgene Market, by End-Use, 2019-2032 (USD Billion)
- 8.6.4.3. Saudi Arabia: Phosgene Market, by Application, 2019-2032 (USD Billion)
- 8.6.5. Phosgene Market - UAE
- 8.6.5.1. UAE: Phosgene Market, by Derivative Type, 2019-2032 (USD Billion)
- 8.6.5.2. UAE.: Phosgene Market, by End-Use, 2019-2032 (USD Billion)
- 8.6.5.3. UAE: Phosgene Market, by Application, 2019-2032 (USD Billion)
- 8.6.6. Phosgene Market - Israel
- 8.6.6.1. Israel: Phosgene Market, by Derivative Type, 2019-2032 (USD Billion)
- 8.6.6.2. Israel.: Phosgene Market, by End-Use, 2019-2032 (USD Billion)
- 8.6.6.3. Israel: Phosgene Market, by Application, 2019-2032 (USD Billion)
- 8.6.7. Phosgene Market - South Africa
- 8.6.7.1. South Africa: Phosgene Market, by Derivative Type, 2019-2032 (USD Billion)
- 8.6.7.2. South Africa.: Phosgene Market, by End-Use, 2019-2032 (USD Billion)
- 8.6.7.3. South Africa: Phosgene Market, by Application, 2019-2032 (USD Billion)
- 8.7. Phosgene Market - Latin America
- 8.7.1. Latin America: Phosgene Market, by Derivative Type, 2019-2032 (USD Billion)
- 8.7.2. Latin America.: Phosgene Market, by End-Use, 2019-2032 (USD Billion)
- 8.7.3. Latin America: Phosgene Market, by Application, 2019-2032 (USD Billion)
- 8.7.4. Phosgene Market - Mexico
- 8.7.4.1. Mexico: Phosgene Market, by Derivative Type, 2019-2032 (USD Billion)
- 8.7.4.2. Mexico.: Phosgene Market, by End-Use, 2019-2032 (USD Billion)
- 8.7.4.3. Mexico: Phosgene Market, by Application, 2019-2032 (USD Billion)
- 8.7.5. Phosgene Market - Brazil
- 8.7.5.1. Brazil: Phosgene Market, by Derivative Type, 2019-2032 (USD Billion)
- 8.7.5.2. Brazil.: Phosgene Market, by End-Use, 2019-2032 (USD Billion)
- 8.7.5.3. Brazil: Phosgene Market, by Application, 2019-2032 (USD Billion)
- 8.7.6. Phosgene Market - Argentina
- 8.7.6.1. Argentina: Phosgene Market, by Derivative Type, 2019-2032 (USD Billion)
- 8.7.6.2. Argentina.: Phosgene Market, by End-Use, 2019-2032 (USD Billion)
- 8.7.6.3. Argentina: Phosgene Market, by Application, 2019-2032 (USD Billion)
9. Competitive Landscape
- 9.1. Expansion and Acquisition Analysis
- 9.1.1. Expansion
- 9.1.2. Acquisitions
- 9.2. Partnerships/Collaborations/Agreements/Exhibitions
10. Company Profiles
- 10.1. BASF SE
- 10.1.1. Company Overview
- 10.1.2. Financial Performance
- 10.1.3. Product Benchmarking
- 10.1.4. Recent Development
- 10.2. Bayer
- 10.2.1. Company Overview
- 10.2.2. Financial Performance
- 10.2.3. Product Benchmarking
- 10.2.4. Recent Development
- 10.3. Covestro
- 10.3.1. Company Overview
- 10.3.2. Financial Performance
- 10.3.3. Product Benchmarking
- 10.3.4. Recent Development
- 10.4. Dow Chemical Company
- 10.4.1. Company Overview
- 10.4.2. Financial Performance
- 10.4.3. Product Benchmarking
- 10.4.4. Recent Development
- 10.5. DuPont
- 10.5.1. Company Overview
- 10.5.2. Financial Performance
- 10.5.3. Product Benchmarking
- 10.5.4. Recent Development
- 10.6. Farlex Inc.
- 10.6.1. Company Overview
- 10.6.2. Financial Performance
- 10.6.3. Product Benchmarking
- 10.6.4. Recent Development
- 10.7. Gujrat Narmada Valley Fertilizers & Chemicals
- 10.7.1. Company Overview
- 10.7.2. Financial Performance
- 10.7.3. Product Benchmarking
- 10.7.4. Recent Development
- 10.8. H & H Products
- 10.8.1. Company Overview
- 10.8.2. Financial Performance
- 10.8.3. Product Benchmarking
- 10.8.4. Recent Development
- 10.9. Hodogaya Chemical
- 10.9.1. Company Overview
- 10.9.2. Financial Performance
- 10.9.3. Product Benchmarking
- 10.9.4. Recent Development
- 10.10. Huntsman Corporation
- 10.10.1. Company Overview
- 10.10.2. Financial Performance
- 10.10.3. Product Benchmarking
- 10.10.4. Recent Development
- 10.11. Mitsui Chemical
- 10.11.1. Company Overview
- 10.11.2. Financial Performance
- 10.11.3. Product Benchmarking
- 10.11.4. Recent Development
- 10.12. Paushak Ltd.
- 10.12.1. Company Overview
- 10.12.2. Financial Performance
- 10.12.3. Product Benchmarking
- 10.12.4. Recent Development
- 10.13. PMC ISOCHEM PPG Industries
- 10.13.1. Company Overview
- 10.13.2. Financial Performance
- 10.13.3. Product Benchmarking
- 10.13.4. Recent Development
- 10.14. Shandong Tianan Chemicals
- 10.14.1. Company Overview
- 10.14.2. Financial Performance
- 10.14.3. Product Benchmarking
- 10.14.4. Recent Development
- 10.15. Synthesia
- 10.15.1. Company Overview
- 10.15.2. Financial Performance
- 10.15.3. Product Benchmarking
- 10.15.4. Recent Development
- 10.16. Tosoh Corporation
- 10.16.1. Company Overview
- 10.16.2. Financial Performance
- 10.16.3. Product Benchmarking
- 10.16.4. Recent Development
- 10.17. Yantai Wanhua
- 10.17.1. Company Overview
- 10.17.2. Financial Performance
- 10.17.3. Product Benchmarking
- 10.17.4. Recent Development
- 10.18. Vertellus Holdings
- 10.18.1. Company Overview
- 10.18.2. Financial Performance
- 10.18.3. Product Benchmarking
- 10.18.4. Recent Development
- 10.19. VanDeMark Chemical
- 10.19.1. Company Overview
- 10.19.2. Financial Performance
- 10.19.3. Product Benchmarking
- 10.19.4. Recent Development
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