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Phosgene Market Trends

Report ID: GMI4142
Published Date: Aug 2023
Report Format: PDF

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Phosgene Market Trends

Increasing emphasis on sustainability is driving the development of greener and safer phosgene production processes with reduced environmental impact. Research into alternative methods for phosgene synthesis, such as carbonylation processes, aims to minimize the use of hazardous chemicals. Phosgene is being explored for the synthesis of advanced materials, including polymers with specialized properties for niche applications.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

Market size for phosgene was valued at USD 41.9 billion in 2022 and will reach USD 71.8 billion by 2032 due to its extensive usage as a key raw material in the production of several isocyanates worldwide.

Phosgene market size from the isocyanates derivative segment recorded USD 12.5 billion in 2022 and will witness significant growth from 2023-2032 on account of growing adoption in the production of polyurethane foams, coatings, adhesives, and elastomers.

U.S. phosgene industry size was USD 8.6 billion in 2022 and is expected to garner significant CAGR from 2023-2032 owing to the presence of robust construction sector in the region.

BASF SE, Covestro AG, Dow Inc., Huntsman Corporation, Wanhua Chemical Group Co., Ltd., OCI Company Ltd., Puyang Shenghuade Chemical Co., Ltd., Jilin Tely Chemical Co., Ltd., and Chongqing Changshou Chemical Co., Ltd. are some of the major phosgene companies worldwide.