Phosgene Market Research Report - Forecast till 2027

Phosgene Market: Information by Derivatives (Isocyanates, Chloroformates, Carbamoyl Chlorides and others), Application (Agrochemicals, Pharmaceuticals, Polycarbonates, Fine Chemicals, Dyes, Specialty Chemicals and others) and Region - Forecast till 2027

ID: MRFR/CnM/0678-HCR | February 2021 | Region: Global | 140 pages

Phosgene Market Overview


Phosgene is a colorless gas with chemical formula COCl2. It has an unpleasant odor and is found in trace amounts in volcanoes. It can be manufactured synthetically and is highly toxic, owing to which it was used as a chemical weapon during major wars across the globe. It is a significant industrial agent widely used as a building block in the preparation of many organic compounds and medicines. At ambient temperature, it is considered as a poisonous gas, but when cooled at high pressure, it can be converted into a liquid for easy transportation.


According to MRFR analysis, the Phosgene Market is estimated to reach USD 1.24 billion by the end of 2025 at a healthy CAGR of 4.6%. Toluene diisocyanate and methylene diphenyl diisocyanate are the prominent isocyanate derivatives produced from phosgene which is primarily used in bedding and upholstery applications. Growing demand for bedding and furniture sectors owing to the increasing population and rising purchasing power is likely to drive the market growth. Moreover, increasing consumption of the product in pesticides and insecticides is expected to further boost the market growth in agrarian economies of Asia-Pacific. Furthermore, increasing demand for phosgene in the preparation of medicinal products coupled with increasing demand for better medical facilities is expected to propel the global market growth. Phosgene and its derivative find widespread applications in dyes, specialty chemicals, pharmaceuticals, and agrochemicals, among others. The rapid expansion of various end-use industries in developing countries is likely to create lucrative opportunities for market players.


However, stringent governmental regulations on the toxicity level of phosgene along with the threat of non-toxic substitutes are expected to hamper the global market in the following years.


Key Players



  • Bayer AG (Germany)

  • VanDeMark Chemical Inc. (US)

  • Wanhua Chemical Group Co. Ltd (China)

  • Vertellus Holdings LLC (US)

  • Atul Ltd (India)

  • Paushak Ltd (India)

  • UPL (India)

  • ISOCHEM (France)

  • H. Products (Germany)

  • BASF SE (Germany)


Phosgene Market Share, by Application, 2017 (%)  Phosgene Market_Image


Source: MRFR Analysis


Regional Analysis


The Phosgene Market has been studied across five key regions, namely Asia-Pacific, North America, Latin America, Europe, and the Middle East & Africa.


The Asia-Pacific market is expected to dominate with the highest CAGR during the forecast period. This is largely attributed to the growing end-use industries such as agriculture, automotive, and pharmaceuticals. Increasing consumption of phosgene in agrochemicals, dyes, and medicines is likely to propel the regional market growth. High demand for phosgene is predicted to surge in various developing countries of Asia-Pacific such as India, China, and Malaysia owing to wide consumption of phosgene derivatives in bedding and furniture; and agrochemicals applications. Factors such as easy availability of raw material, low labor and land cost, and increasing R&D innovations to reduce the toxicity of phosgene are further anticipated to boost the regional market growth. The European market held the second-largest market share in 2018 owing to the high consumption of phosgene in pharmaceuticals, dyes, and specialty chemicals applications. Germany is the leading country in the region followed by Spain, Italy, and France on account of growing expenditure on R&D and product innovation. However, a stringent regulatory framework on the toxicity of phosgene is likely to hinder the regional market growth in the coming years. The North American market accounted for a substantial market share in 2018 and is likely to grow at a moderate CAGR during the assessment period owing to the recovery of the industrial sector combined with increasing investments in textile and healthcare sectors.


Moreover, continuous expansion of the medical sector and increasing demand for phosgene in pharmaceutical products is further anticipated to propel the regional market growth. The Latin American market is likely to grow at a notable CAGR during the review period owing to the growing consumer spending on textile products and increasing usage of phosgene on dyes. Brazil, Argentina, and Mexico are the regional contributors. The Middle East & Africa market is expected to register moderate CAGR in the coming years owing to the growing investments in residential and commercial construction in the region. Turkey, Saudi Arabia, and UAE are the prominent countries in the region.


Segmentation Analysis


The Phosgene Market has been segmented based on Derivatives, Application, and Region.


On the basis of Derivatives, the Phosgene Market has been categorized as isocyanates, chloroformates, carbamoyl chlorides, and others.


Based on Application, the Phosgene Market has been classified as agrochemicals, pharmaceuticals, polycarbonates, fine chemicals, dyes, specialty chemicals, and others.


By Region, the Phosgene Market has been studied for five key regionsAsia-Pacific, North America, Latin America, Europe, and the Middle East & Africa.


Target Audience



  • Phosgene manufacturers

  • Traders and distributors of phosgene

  • Production process industries

  • Potential investors

  • Raw material suppliers

  • Nationalized laboratory



Frequently Asked Questions (FAQ) :


Phosgene is a colorless gas with the chemical formula COCl2. It is toxic to humans, but is widely used in the preparation of several industrial compounds and medicines.

The phosgene market is expected to rise to a valuation of USD 1.24 billion by 2025.

The global phosgene market is expected to exhibit a solid 4.6% CAGR over the forecast period from 2019 to 2025.

The growing demand for pesticides and insecticides in the agriculture sector is likely to be a major driver for the global phosgene market. The growing consumption of phosgene in the pharmaceutical sector is also likely to be a major driver for the phosgene market.

Government restrictions on the use of phosgene, which is toxic to humans, are likely to be the key restraint on the global phosgene market over the forecast period.

Table of Contents

1 Executive Summary

2 Market Introduction

2.1 Market Definition

2.2 Scope of the Study

2.2.1 Research Objectives

2.2.2 Assumptions & Limitations

2.3 Markets Structure

2.4 Key Takeaways

3 Market Research Methodology

3.1 Research Process

3.2 Primary Research

3.3 Secondary Research

3.4 Market Size Estimation

3.5 Forecast Model

4 Market Dynamics of the Global Phosgene Market

4.1 Introduction

4.2 Drivers

4.3 Restraints

4.4 Opportunities

4.5 Challenges

4.6 Trends/Technology

5 Market Factor Analysis of the Global Phosgene Market

5.1 Supply Chain Analysis

5.1.1 Raw Material Suppliers

5.1.2 Manufacturers/Producers

5.1.3 Distributors/Retailers/Wholesalers/E-Commerce

5.1.4 End User

5.2 Porter’s Five Forces Analysis

5.2.1 Threat of New Entrants

5.2.2 Bargaining Power of Buyers

5.2.3 Bargaining Power of Suppliers

5.2.4 Threat of Substitutes

5.2.5 Intensity of Competitive Rivalry

5.3 Pricing Analysis

6. Global Phosgene Market, by Derivatives

6.1 Introduction

6.2 Isocyanates

6.2.1 Market Estimates & Forecast, 2020-2027

6.2.2 Market Estimates & Forecast, by Region, 2020-2027

6.3 Chloroformates

6.3.1 Market Estimates & Forecast, 2020-2027

6.3.2 Market Estimates & Forecast, by Region, 2020-2027

6.4 Carbamoyl Chlorides

6.4.1 Market Estimates & Forecast, 2020-2027

6.4.2 Market Estimates & Forecast, by Region, 2020-2027

6.5 Others

6.5.1 Market Estimates & Forecast, 2020-2027

6.5.2 Market Estimates & Forecast, by Region, 2020-2027

7. Global Phosgene Market, by Application

7.1 Introduction

7.2 Agrochemicals

7.2.1 Market Estimates & Forecast, 2020-2027

7.2.2 Market Estimates & Forecast, by Region, 2020-2027

7.3 Pharmaceuticals

7.3.1 Market Estimates & Forecast, 2020-2027

7.3.2 Market Estimates & Forecast, by Region, 2020-2027

7.4 Polycarbonates

7.4.1 Market Estimates & Forecast, 2020-2027

7.4.2 Market Estimates & Forecast, by Region, 2020-2027

7.5 Dyes

7.5.1 Market Estimates & Forecast, 2020-2027

7.5.2 Market Estimates & Forecast, by Region, 2020-2027

7.6 Fine Chemicals

7.6.1 Market Estimates & Forecast, 2020-2027

7.6.2 Market Estimates & Forecast, by Region, 2020-2027

7.7 Specialty Chemicals

7.7.1 Market Estimates & Forecast, 2020-2027

7.7.2 Market Estimates & Forecast, by Region, 2020-2027

7.8 Others

7.8.1 Market Estimates & Forecast, 2020-2027

7.8.2 Market Estimates & Forecast, by Region, 2020-2027

8. Global Phosgene Market, by Region

8.1 Introduction

8.2 North America

8.2.1 Market Estimates & Forecast, 2020-2027

8.2.2 Market Estimates & Forecast, by Derivatives, 2020-2027

8.2.3 Market Estimates & Forecast, by Application, 2020-2027

8.2.4 US

8.2.4.1 Market Estimates & Forecast, 2020-2027

8.2.4.2 Market Estimates & Forecast, by Derivatives, 2020-2027

8.2.4.3 Market Estimates & Forecast, Application, 2020-2027

8.2.5 Canada

8.2.5.1 Market Estimates & Forecast, 2020-2027

8.2.5.2 Market Estimates & Forecast, by Derivatives, 2020-2027

8.2.5.3 Market Estimates & Forecast, by Application, 2020-2027

8.3 Europe

8.3.1 Market Estimates & Forecast, 2020-2027

8.3.2 Market Estimates & Forecast, by Derivatives, 2020-2027

8.3.3 Market Estimates & Forecast, by Application, 2020-2027

8.3.4 Germany

8.3.4.1 Market Estimates & Forecast, 2020-2027

8.3.4.2 Market Estimates & Forecast, by Derivatives, 2020-2027

8.3.4.3 Market Estimates & Forecast, by Application, 2020-2027

8.3.5 France

8.3.5.1 Market Estimates & Forecast, 2020-2027

8.3.5.2 Market Estimates & Forecast, by Derivatives, 2020-2027

8.3.5.3 Market Estimates & Forecast, by Application, 2020-2027

8.3.6 Italy

8.3.6.1 Market Estimates & Forecast, 2020-2027

8.3.6.2 Market Estimates & Forecast, by Derivatives, 2020-2027

8.3.6.3 Market Estimates & Forecast, by Application, 2020-2027

8.3.7 Spain

8.3.7.1 Market Estimates & Forecast, 2020-2027

8.3.7.2 Market Estimates & Forecast, by Derivatives,2020-2027

8.3.7.3 Market Estimates & Forecast, by Application, 2020-2027

8.3.8 UK

8.3.8.1 Market Estimates & Forecast, 2020-2027

8.3.8.2 Market Estimates & Forecast, by Derivatives,2020-2027

8.3.8.3 Market Estimates & Forecast, by Application, 2020-2027

8.3.9 Russia

8.3.9.1 Market Estimates & Forecast, 2020-2027

8.3.9.2 Market Estimates & Forecast, by Derivatives,2020-2027

8.3.9.3 Market Estimates & Forecast, by Application, 2020-2027

8.3.10 Poland

8.3.10.1 Market Estimates & Forecast, 2020-2027

8.3.10.2 Market Estimates & Forecast, by Derivatives, 2020-2027

8.3.10.3 Market Estimates & Forecast, by Application, 2020-2027

8.3.11 Rest of Europe

8.3.11.1 Market Estimates & Forecast, 2020-2027

8.3.11.2 Market Estimates & Forecast, by Derivatives, 2020-2027

8.3.11.3 Market Estimates & Forecast, by Application, 2020-2027

8.4 Asia-Pacific

8.4.1 Market Estimates & Forecast, 2020-2027

8.4.2 Market Estimates & Forecast, by Derivatives, 2020-2027

8.4.3 Market Estimates & Forecast, by Application, 2020-2027

8.4.4 China

8.4.4.1 Market Estimates & Forecast, 2020-2027

8.4.4.2 Market Estimates & Forecast, by Derivatives, 2020-2027

8.4.4.3 Market Estimates & Forecast, by Application, 2020-2027

8.4.5 India

8.4.5.1 Market Estimates & Forecast, 2020-2027

8.4.5.2 Market Estimates & Forecast, by Derivatives, 2020-2027

8.4.5.3 Market Estimates & Forecast, by Application, 2020-2027

8.4.6 Japan

8.4.6.1 Market Estimates & Forecast, 2020-2027

8.4.6.2 Market Estimates & Forecast, by Derivatives, 2020-2027

8.4.6.3 Market Estimates & Forecast, by Application, 2020-2027

8.4.7 Australia & New Zealand

8.4.7.1 Market Estimates & Forecast, 2020-2027

8.4.7.2 Market Estimates & Forecast, by Derivatives, 2020-2027

8.4.7.3 Market Estimates & Forecast, by Application, 2020-2027

8.4.8 Rest of Asia-Pacific

8.4.8.1 Market Estimates & Forecast, 2020-2027

8.4.8.2 Market Estimates & Forecast, by Derivatives, 2020-2027

8.4.8.3 Market Estimates & Forecast, by Application, 2020-2027

8.5 Middle East & Africa

8.5.1 Market Estimates & Forecast, 2020-2027

8.5.2 Market Estimates & Forecast, by Derivatives, 2020-2027

8.5.3 Market Estimates & Forecast, by Application, 2020-2027

8.5.4 GCC

8.5.4.1 Market Estimates & Forecast, 2020-2027

8.5.4.2 Market Estimates & Forecast, by Derivatives, 2020-2027

8.5.4.3 Market Estimates & Forecast, by Application, 2020-2027

8.5.5 Israel

8.5.5.1 Market Estimates & Forecast, 2020-2027

8.5.5.2 Market Estimates & Forecast, by Derivatives, 2020-2027

8.5.5.3 Market Estimates & Forecast, by Application, 2020-2027

8.5.6 North Africa

8.5.6.1 Market Estimates & Forecast, 2020-2027

8.5.6.2 Market Estimates & Forecast, by Derivatives, 2020-2027

8.5.6.3 Market Estimates & Forecast, by Application, 2020-2027

8.5.7 Turkey

8.5.7.1 Market Estimates & Forecast, 2020-2027

8.5.7.2 Market Estimates & Forecast, by Derivatives, 2020-2027

8.5.7.3 Market Estimates & Forecast, by Application, 2020-2027

8.5.8 Rest of Middle East & Africa

8.5.8.1 Market Estimates & Forecast, 2020-2027

8.5.8.2 Market Estimates & Forecast, by Derivatives, 2020-2027

8.5.8.3 Market Estimates & Forecast, by Application, 2020-2027

8.6 Latin America

8.6.1 Market Estimates & Forecast, 2020-2027

8.6.2 Market Estimates & Forecast, by Derivatives, 2020-2027

8.6.3 Market Estimates & Forecast, by Application, 2020-2027

8.6.4 Brazil

8.6.4.1 Market Estimates & Forecast, 2020-2027

8.6.4.2 Market Estimates & Forecast, by Derivatives, 2020-2027

8.6.4.3 Market Estimates & Forecast, by Application, 2020-2027

8.6.5 Argentina

8.6.5.1 Market Estimates & Forecast, 2020-2027

8.6.5.2 Market Estimates & Forecast, by Derivatives, 2020-2027

8.6.5.3 Market Estimates & Forecast, by Application, 2020-2027

8.6.6 Mexico

8.6.6.1 Market Estimates & Forecast, 2020-2027

8.6.6.2 Market Estimates & Forecast, by Derivatives, 2020-2027

8.6.6.3 Market Estimates & Forecast, by Application, 2020-2027

8.6.7 Rest of Latin America

8.6.7.1 Market Estimates & Forecast, 2020-2027

8.6.7.2 Market Estimates & Forecast, by Derivatives, 2020-2027

8.6.7.3 Market Estimates & Forecast, by Application, 2020-2027

9. Company Landscape

9.1 Introduction

9.2 Market Strategy

9.3 Key Development Analysis (Expansion/Merger & Acquisitions/Joint Venture/New Product Development/Agreement/Investment)

10. Company Profiles

10.1 Bayer AG

10.1.1 Company Overview

10.1.2 Financial Updates

10.1.3 Product/Business Segment Overview

10.1.4 Strategy

10.1.5 Key Developments

10.1.6 SWOT Analysis

10.2 BASF SE

10.2.1 Company Overview

10.2.2 Financial Updates

10.2.3 Product/Business Segment Overview

10.2.4 Strategy

10.2.5 Key Developments

10.2.6 SWOT Analysis

10.3 VanDeMark Chemical Inc.

10.3.1 Company Overview

10.3.2 Financial Updates

10.3.3 Product/Business Segment Overview

10.3.4 Strategy

10.3.5 Key Developments

10.3.6 SWOT Analysis

10.4 Wanhua Chemical Group Co., Ltd

10.4.1 Company Overview

10.4.2 Financial Updates

10.4.3 Product/Business Segment Overview

10.4.4 Strategy

10.4.5 Key Developments

10.4.6 SWOT Analysis

10.5 Vertellus Holdings LLC

10.5.1 Company Overview

10.5.2 Financial Updates

10.5.3 Product/Business Segment Overview

10.5.4 Strategy

10.5.5 Key Developments

10.5.6 SWOT Analysis

10.6 Atul Ltd

10.6.1 Company Overview

10.6.2 Financial Updates

10.6.3 Product/Business Segment Overview

10.6.4 Strategy

10.6.5 Key Developments

10.6.6 SWOT Analysis

10.7 Paushak Ltd

10.7.1 Company Overview

10.7.2 Financial Updates

10.7.3 Product/Business Segment Overview

10.7.4 Strategy

10.7.5 Key Developments

10.7.6 SWOT Analysis

10.8 UPL

10.8.1 Company Overview

10.8.2 Financial Updates

10.8.3 Product/Business Segment Overview

10.8.4 Strategy

10.8.5 Key Developments

10.8.6 SWOT Analysis

10.9 PMC ISOCHEM

10.9.1 Company Overview

10.9.2 Financial Updates

10.9.3 Product/Business Segment Overview

10.9.4 Strategy

10.9.5 Key Developments

10.9.6 SWOT Analysis

10.10 JH-products

10.10.1 Company Overview

10.10.2 Financial Updates

10.10.3 Product/Business Segment Overview

10.10.4 Strategy

10.10.5 Key Developments

10.10.6 SWOT Analysis

11. Conclusion

LIST OF TABLES

Table 1 Global Phosgene Market: by Region, 2020-2027

Table 2 North America: Phosgene Market, by Country, 2020-2027

Table 3 Europe: Phosgene Market, by Country, 2020-2027

Table 4 Asia-Pacific: Phosgene Market. by Country, 2020-2027

Table 5 Middle East & Africa: Phosgene Market, by Country, 2020-2027

Table 6 Latin America: Phosgene Market, by Country, 2020-2027

Table 7 Global Phosgene Derivatives Market, by Regions, 2020-2027

Table 8 North America: Phosgene Derivatives Market, by Country, 2020-2027

Table 9 Europe: Phosgene Derivatives Market, by Country, 2020-2027

Table10 Asia-Pacific: Phosgene Derivatives Market, by Country, 2020-2027

Table11 Middle East & Africa: Phosgene Derivatives Market, by Country, 2020-2027

Table12 Latin America: Phosgene Derivatives Market, by Country, 2020-2027

Table13 Global Phosgene Application Market, by Regions, 2020-2027

Table14 North America: Phosgene Application Market, by Country, 2020-2027

Table15 Europe: Phosgene Application Market, by Country, 2020-2027

Table16 Asia-Pacific: Phosgene Application Market, by Country, 2020-2027

Table17 Middle East & Africa: Phosgene Application Market, by Country, 2020-2027

Table18 Latin America: Phosgene by Application Market, by Country, 2016-2025

Table19 Global Derivatives Market, by Region, 2020-2027

Table20 Global Application Market, by Region, 2020-2027

Table21 North America: Phosgene Market, by Country, 2020-2027

Table22 North America: Phosgene Market, by Derivatives, 2020-2027

Table23 North America: Phosgene Market, by Application, 2020-2027

Table24 Europe: Phosgene Market, by Country, 2020-2027

Table25 Europe: Phosgene Market, by Derivatives, 2020-2027

Table26 Europe: Phosgene Market, by Application, 2020-2027

Table27 Asia-Pacific: Phosgene Market, by Country, 2020-2027

Table28 Asia-Pacific: Phosgene Market, by Derivatives, 2020-2027

Table29 Asia-Pacific: Phosgene Market, by Application, 2020-2027

Table30 Middle East & Africa: Phosgene Market, by Country, 2020-2027

Table31 Middle East & Africa: Phosgene Market, by Derivatives, 2020-2027

Table32 Middle East & Africa: Phosgene Market, by Application, 2020-2027

Table33 Latin America: Phosgene Market, by Country, 2020-2027

Table34 Latin America: Phosgene Market, by Derivatives, 2020-2027

Table35 Latin America: Phosgene Market, by Application, 2020-2027

LIST OF FIGURES

FIGURE 1 Global Phosgene Market Segmentation

FIGURE 2 Forecast Research Methodology

FIGURE 3 Five Forces Analysis of Global Phosgene Market

FIGURE 4 Value Chain of Global Phosgene Market

FIGURE 5 Global Phosgene Market, 2020-2027, by Country, 2020

FIGURE 6 Share of Global Phosgene Market, by Derivatives, 2020-2027

FIGURE 7 Global Phosgene Market Size, by Derivatives, 2020

FIGURE 8 Share of Global Phosgene Market, by Derivatives, 2020-2027

FIGURE 9 Global Phosgene Market Size, by Application, 2020

FIGURE10 Share of Global Phosgene Market, by Application, 2020-2027