Press release
Phosgene Market is Projected to Reach USD 57.31 Billion by 2030: Cognitive Market Research
Phosgene Market is Projected to Reach USD 57.31 Billion by 2030: Cognitive Market Research
Phosgene is a highly toxic gas used in a variety of industrial processes such as dyes, pesticides, and plastics manufacturing. It is a colorless gas with a suffocating odor. Phosgene is also known as carbonyl chloride. Exposure to phosgene can cause severe respiratory problems, resulting in symptoms such as coughing, chest pain, and difficulty breathing. It is produced by the reaction of carbon monoxide with chlorine gas in presence of a carbon catalyst.
Summary:
As per the study of CMR, the Global Phosgene Market Size Was Valued at USD 38.50 Billion in 2022 And will reach USD 57.31 Billion by 2030 with a CAGR of 5.1% During the Forecast Period (2023-2030).
To know more about The Phosgene Market statistics click here: https://www.cognitivemarketresearch.com/phosgene-market-report
Market Dynamics:
What are the driving factors for the phosgene market?
Increasing demand for polycarbonate resins along with the rapid expansion of the agriculture sector is the main driving factor contributing to the growth of the phosgene market during the forecast period. Phosgene is an important raw material used in the production of polycarbonate resins, which are increasingly adopted in the manufacture of a wide range of products such as automotive parts, electrical and electronic components, and medical devices. Rising demand for specialty chemicals has driven market growth over the forecast period. However, phosgene is a lung poisonous that causes damage to the capillaries and alveoli of the lungs which may hinder the growth of the market in near future. Further, continuous research and development activities into new methods for producing phosgene, such as using renewable energy sources to reduce the amount of phosgene required. These advancements could lead to sustainable production methods which are expected to create new opportunities for the market growth.
Market Segmentation:
Derivative:
• Chloroformates
• Carbamoyl Chlorides
• Isocyanates
• Other Derivatives
Based on the derivative, the isocyanates segment is dominated the market in terms of revenue, in 2022. It is due to isocyanates and phosgene are both chemicals used in the production of polyurethanes. These are widely used in the manufacturing of products such as foams, coatings, adhesives, and elastomers. Isocyanates are compounds that react with polyols, while phosgene is used to make isocyanates.
Application:
• Agrochemicals
• Dyes Pharmaceuticals
• Polycarbonates
• Fine Chemicals
• Specialty Chemicals
• Others
Based on the application, agrochemicals held a significant share in 2022, as phosgene is widely used in the production of agrochemicals such as pesticides, herbicides, and fungicides. Globally, phosgene is used as an intermediate in the production of many different agrochemicals, such as carbamates and isocyanates, which are important elements of many herbicides and insecticides. Additionally, phosgene is also used in the production of triazines, which are used in the production of herbicides.
Competitive Analysis of the Phosgene Market: Altivia, BASF SE, Dow, Atul Ltd, Paushak Ltd, UPL Limited, Covestro A.G., VanDemark Chemical Inc, Vertellus, Synthesia A.S, Hodogaya Chemical Co. Ltd, Shandong Tianan Chemicals Co. Ltd, Gujarat Narmada Valley Fertilizers & Chemicals Limited (GNFC Ltd)
Get free sample pages of the latest published Phosgene Market Report: https://www.cognitivemarketresearch.com/phosgene-market-report#request_sample
Regional Analysis:
Asia Pacific registers the highest growth rate in the phosgene market
As per CMR analysis, Asia Pacific registers the highest growth rate in the phosgene market. It is due to the growing industrialization and increasing demand for sustainable materials. The Asia-Pacific region is one of the leading markets for phosgene, and many companies are expanding their production capacities in this region to meet the growing demand for construction materials such as polyurethanes. This is expected to fuel the demand for the phosgene market in the Asia Pacific region.
Browse Here For Full TOC:
Table of Content (Revenue USD Edition), (Enquire about Volume/Consumption Edition Data)
Chapter 1 Industrial Insight and Market Scope
• 1.1 Global Phosgene Industry Introduction
• 1.2 Objectives of the Study
• 1.3 USP of the Report
• 1.4 Who is this report for?
• 1.5 Designing of Market Scope
1.5.1 Phosgene Market Segmentation
1.5.1 Phosgene Market Regional Fragmentation
1.5.1 Phosgene Market Players
• 1.6 Report Duration
• 1.7 List of Stakeholders
Chapter 2 Research MethodologyReview Complete Research Methodology
Chapter 3 Executive Summary of Phosgene Market
• 3.1 Global Phosgene Market Size 2018 - 2030, (USD Million)
• 3.2 Global Phosgene Value, Absolute & Opportunity Analysis
• 3.3 Global Phosgene Market Y-o-Y Growth Rate Projection by Region (2023 - 2030)
• 3.4 Global Phosgene Market Statistics 2022: Snapshot
Chapter 4 Global Phosgene Market Overview
Chapter 5 Competitive Analysis (Subject to Availability)
Chapter 6 Environmental, Social, and Governance (ESG) Analysis
Chapter 7 Qualitative Analysis
Chapter 8 Company Profiling (Subject to Availability)
Chapter 9 Global Phosgene Market by Derivative Segmentation Analysis (2018-2030)
Chapter 10 Global Phosgene Market by Application Segmentation Analysis (2018-2030)
Chapter 11 Global Phosgene Market Regional Analysis
Chapter 12 North America Phosgene Market Outlook (2018 - 2030)
Chapter 13 Europe Phosgene Market Outlook (2018 - 2030)
Chapter 14 Asia Pacific Phosgene Market Outlook (2018 - 2030)
Chapter 15 Latin America Phosgene Market Outlook (2018 - 2030)
Chapter 16 Middle East and Africa Phosgene Market Outlook (2018 - 2030)
Chapter 17 Research Findings
Customize the Report Edition (Is applicable, On Request, Subject to Data Available, At an Additional Cost)
To know more about The Phosgene Market TOC click here: https://www.cognitivemarketresearch.com/phosgene-market-report#table_of_contents
Related Report:
• Agrochemicals Market- https://www.cognitivemarketresearch.com/agrochemicals-market-report
• Food Additives Market- https://www.cognitivemarketresearch.com/food-additives-market-report
• Specialty Chemicals Market- https://www.cognitivemarketresearch.com/specialty-chemicals-market-report
𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬
Nicolas Shaw
Cognitive Market Research
20 N State Street,Chicago,
Illinois, 60602
United States
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Email: sales@cognitivemarketresearch.com
Website: https://www.cognitivemarketresearch.com/about-us
About Cognitive Market Research Company :
Cognitive Market Research has evolved as one leading market research and consulting firm and it provides services across multiple domains. Cognitive Market Research gathers and analyzes data about customers, competitors, distributors, and other market actors and forces operating across the value chain. As a market research company, we follow a complete process of gathering information about the target market and end-use industries to verify the complete journey of the product or service in the global market. It helps our readers understand the demand and viability of their product/service and how it might perform in the real world and help them to build business strategies accordingly.
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