Phosgene Market Size, Share, Global Industry Analysis and Opportunity Assessment; 2024– 2027

The Global Phosgene market is forecast to reach USD 6.12 Billion by 2027, according to a new report by Reports and Data. Phosgene can be defined as an organic compound with the chemical formula COCl2. In regards to its traits, it is colorless; in low concentrations, its scent is similar to freshly cut hay or grass. The organic compound is an important industrial building block, in particular for the manufacturing of polycarbonate plastics and urethanes. However, it is highly poisonous and became used as a chemical weapon for in World War I, wherein it was accountable for 85,000 deaths. Along with its industrial manufacturing, in a limited amount, it occurs from the disintegration and the combustion of organochlorine compounds. Industrially, the compound is produced by passing chlorine gas and purified carbon monoxide through a layer of porous activated carbon that acts as a catalyst. When chlorinated hydrocarbon compounds are exposed to high temperatures, the organic compound can also be formed. Substances that are, at times, created or used industry that contain the elements carbon, hydrogen, and chlorine are chlorinated hydrocarbon compounds. The significant portion of phosgene is to produce isocyanates, the most essential being methylene diphenyl diisocyanate (MDI) and toluene diisocyanate (TDI). These are precursors to polyurethanes. Thus, the wide arena of application and expanding end-user industries are supporting the growth of the sector.

Key participants include BASF SE, Dow Chemical, Covestro, Rubican, PPG Industries, Mitsui Chemical, Yantai Wanhua, Huntsman, VanDeMark Chemical Inc., and Vertellus Holdings LLC.

To Get Sample Copy of Report visit @ https://www.reportsanddata.com/sample-enquiry-form/2843

In regards to region, Europe can be seen to occupy a considerable share of the market. The market share held by the region is attributed to the continuous expansion of the healthcare sector, rising demand for the compound from the chemical, which is supporting the expansion of the market in this region.

For the purpose of this report, Reports and Data have segmented the global Phosgene market according to Derivatives, End-use, Application, and Region:

Derivatives Type Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2017-2027)

  • Isocyanates
  • Chloroformates
  • Carbamoyl Chlorides
  • Others

End-use Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2017-2027)

  • Pharmaceuticals
  • Agrochemicals
  • Dyes
  • Fine Chemicals
  • Polycarbonates
  • Specialty Chemicals
  • Others

Application Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2017-2027)

  • Methylene Diphenyl Diisocyanate (Mdi)/ Polymeric methylene diphenyl diisocyanate (PMPPI)
  • Toluene Diisocyanate
  • Polycarbonate resins
  • Others

Regional Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2017-2027)

  • North America
  • Europe
  • Asia Pacific
  • MEA
  • Latin America

Browse Full Report @ https://www.reportsanddata.com/report-detail/phosgene-market

Further key findings from the report suggest

  • The Phosgene market held a market share of USD 4.22 Billion in the year 2019 that is forecasted to grow at a rate of 4.6% during the forecast period.
  • In context to Derivatives, the Chloroformates segment is projected to witness a considerable growth rate of 6.2% during the forecast period, which is expected to occupy more than 20.0% of the market by 2027. The agriculture sector, associated elevating demand for insecticides and its applicability in these products is resulting in the increasing demand for this derivative of the organic compound, which contributes to the growth rate witnessed by this segment.
  • In context to Application, the Polycarbonate resins segment is projected to witness a considerable growth rate of 5.1% during the forecast period, which is expected to hold more than 25.0% of the market by 2027. The traits of this resin-like heat resistance, toughness, and dimensional stability have resulted in its growing popularity in industrial uses requiring superior shock absorption, lightweight like in the automotive sector.
  • In regards to End-use, the Agrochemicals segment held a considerable share of the market of more than 25.0% in 2019, with a CAGR of 4.8% during the forecast period. The continuous expansion of the agriculture sector and applicability of the organic compound in insecticides contributes to the market share held by this segment.
  • In regards to the region, North America held more than 20.0% of the market in 2019, with a CAGR of 4.8% during the forecast period. The presence of well-established chemical industry and growing pharmaceutical sector is supporting the expansion of the industry in this region.

Table of Content:

Chapter 1. Market Synopsis
1.1. Market Definition
1.2. Research Scope & Premise
1.3. Methodology
1.4. Market Estimation Technology
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2019-2027
Chapter 3. Indicative Metrics
Chapter 4. Phosgene Market Segmentation & Impact Analysis
4.1. Phosgene Market Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
4.2.2.1. The increasing demand for agrochemicals
4.2.2.2. The elevating demand for phosgene from specialty chemicals and pharmaceutical sector
4.2.2.3. The growing demand for bedding and furniture
4.2.3. Market restraints analysis
4.2.3.1. Issues with safe transportation of chemicals
4.2.3.2. Stringent government regulations on manufacturing of phosgene
4.3. Technological Insights
4.4. Regulatory Framework
4.5. ETOP Analysis
4.6. Porter’s Five Forces Analysis
4.7. Competitive Metric Space Analysis
4.8. Price Trend Analysis

Continued…

Request customization of the report @ https://www.reportsanddata.com/request-customization-form/2843

Thank you for reading our report. To receive further information on the report or to enquire about its customization, please get in touch with us and get your report tailored according to your needs.

Browse More Reports-

DNA Sequencing Market Trends

Biomarkers Market Growth

Employee Remote Monitoring Software Market Demand

About Us:
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market.

Contact Us:
John W
Head of Business Development
40 Wall St. 28th floor New York City
NY 10005 United States
Direct Line: +1-212-710-1370