The phosgene market is expected to witness market growth at a rate of 7.0% in the forecast period of 2021 to 2028 and is expected to reach USD 90.00 billion by 2028. Data Bridge Market Research report on phosgene market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rise in demand from bedding and furniture sectors is escalating the growth of phosgene market.

Phosgene refers to a colorless gas having the chemical formula COCl2. It possesses an unpleasant odor and generally found in trace amounts in volcanoes. It is highly toxic in nature, thus the chemical was used as a weapon during major wars globally. The chemical can be manufactured synthetically and it is extensively used as a building block in the preparation of many organic compounds and medicines. It is considered as a poisonous gas at ambient temperature. Though, it could be converted into a liquid for easy transportation when cooled at high pressure.

The increase in the use of the chemical in pharmaceutical, agrochemical, polycarbonates and chemical industries acts as one of the major factors driving the growth of phosgene market. The high usage of the product manufacture diethyl carbomoyl chloride which is further utilized to hydrolyze water insoluble compound which acts an intermediate for the production of pharmaceuticals, pesticides and dyes, accelerate the phosgene market. The rise in utilization for platinum, plutonium, uranium and niobium metal extraction and its wide use in chemical such as beryllium chloride, aluminum chloride and boron trichloride further influence the phosgene market. Additionally, growth of pharmaceutical sector, increase in research and development activities, rise in need for enhanced treatments and surge in investments positively affect the phosgene market. Furthermore, technological development, R&D activities supported by government and product innovations extend profitable opportunity to the phosgene market players in the forecast period of 2021 to 2028. 

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The major players covered in the phosgene market report are BASF SE, Dow, DuPont, Bayer AG, VanDeMark Chemical Inc., Wanhua., Vertellus, Atul Ltd, Paushak Ltd., UPL, PMC ISOCHEM, H & H Products Ltd, JH-products, PPG Industries, Inc., Farlex, Inc, Covestro AG, Tosoh Corporation, Mitsui Chemicals, Inc., Huntsman Corporation among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.

Scope of the Phosgene Market Report: 

The phosgene market is segmented on the basis of derivatives and application. The growth amongst these segments will help you analyze meagre growth segments in the industries, and provide the users with valuable market overview and market.

• On the basis of derivatives, the phosgene market is segmented into isocyanates, chloroformates, carbamoyl chlorides and others.
• On the basis of application, the phosgene market is segmented into agrochemicals, pharmaceuticals, polycarbonates, fine chemicals, dyes, specialty chemicals and others.

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Phosgene Market Regional Analysis/Insights

The Phosgene market is analyzed and market size insights and trends are provided by country, material type, end user and application as referenced above.

The countries covered in the Phosgene market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America dominates the market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period of 2022-2029. The market growth over this region is attributed to the high demand for fiber cement Phosgene within the region. Asia-Pacific on the other hand, is estimated to show lucrative growth over the forecast period of 2022-2029, due to the prominent presence of fiber cement Phosgene market players within the region. Moreover, the high requirement for the residential and commercial building construction also boosts the regional demand.

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