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Major Growth Driver Identified in 2025 Phosgene Market: Pharmaceutical Industry Expansion Catalyzes Phosgene Market
Phosgene Market
Phosgene Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
There has been notable growth in the phosgene market size over the past few years. Forecasts predict that the market will expand from $4.84 billion in 2024 to $5.17 billion in 2025, with a compound annual growth rate (CAGR) of 7.0%. This remarkable growth in the historical period is credited to the increase in chemical manufacturing, the production of polyurethane foam, manufacturing of plastics and resins, agrochemicals production, and applications within the textile industry.
Phosgene Market Size Forecast: What's the Projected Valuation by 2029?
The phosgene market is projected to experience significant growth in the forthcoming years, reaching a value of $6.43 billion in 2029 with a compound annual growth rate (CAGR) of 5.6%. The forecasted growth can be attributed to the consistent escalation of chemical manufacturing, an increasing demand for polyurethane foam and specialty polymers, as well as the surge in demand for high-performance plastics and the expanding agrochemicals market. Notable trends anticipated during the forecast period include the innovation of water treatment technologies, advances in metal processing, technology innovations in production, stringent regulatory norms and the emphasis on sustainable production.
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What Are the Drivers Transforming the Phosgene Market?
The phosgene market is projected to be bolstered by the rapid growth of the pharmaceutical industry. This sector involves the creation, processing, and sale of medicines for health applications. Phosgene plays a significant role within this industry, serving as a primary element in the fabrication of pharmaceutical active ingredients, specialty plastics, and assorted pharmaceutical products such as activated amino acids and peptide synthesis. Consequently, the pharmaceutical industry's expansion directly influences the phosgene market's growth. For example, as reported by the European Federation of Pharmaceutical Industries and Associations in June 2023, the total output value of Pharmaceuticals from Europe escalated from $347.31 billion (€ 323,950 million) in 2021 to $364.26 billion (€340,000 million) in the succeeding year 2022, effectively stimulating the phosgene market's enrichment. Phosgene Market Driver: The Harmful and Toxic Attributes of Phosgene
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What Long-Term Trends Will Define the Future of the Phosgene Market?
Large corporations in the phosgene industry are embracing strategic partnerships as a method to expedite their company's development and strategic growth. Strategic partnerships involve companies utilizing each other's robust resources and abilities to obtain shared benefits and successes. For example, in September 2022, SK Capital Partners, an American capital market corporation, formed a strategic alliance with Comvest Partners, an American private equity firm. The objective of their investment was to guide VanDeMark Chemical Inc towards the expansion of their operations in the fine chemistries area of the global life science market. This was with a particular emphasis on high-grade specialty chemical intermediates, which include those extracted from phosgene. VanDeMark Chemical Inc is an American business that manufactures phosgene and provides custom and specialty chemicals.
Which Segments in the Phosgene Market Offer the Most Profit Potential?
The phosgene market covered in this report is segmented -
1) By Derivatives: Isocyanates, Chloroformates, Carbamoyl Chlorides, Other Derivatives
2) By Application: Methyl Diphenyl Diisocyanate, Toluene Diisocyanate, Polycarbonate Resins, Others Application
3) By End-Use: Pharmaceuticals, Agrochemicals, Dyes, Fine Chemicals, Polycarbonates, Specialty Chemicals, Other End-users
Subsegments:
1) By Isocyanates: Methylene Diphenyl Diisocyanate (MDI), Toluene Diisocyanate (TDI), Hexamethylene Diisocyanate (HDI), Other Isocyanates
2) By Chloroformates: Ethyl Chloroformate, Methyl Chloroformate, Butyl Chloroformate, Other Chloroformates
3) By Carbamoyl Chlorides: N-Methyl Carbamoyl Chloride, N-Ethyl Carbamoyl Chloride, N-Butyl Carbamoyl Chloride, Other Carbamoyl Chlorides
4) By Other Derivatives: Polycarbonate, Phosgene Oxime, Other Specialty Chemicals
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Which Firms Dominate the Phosgene Market by Market Share and Revenue in 2025?
Major companies operating in the phosgene market report are Altivia, Paushak Ltd., VanDemark Chemical Inc., Synthesia AS, Puyang Shenghuade Chemical Co Ltd., ISOCHEM, UPL Ltd., Atul Ltd., Gujarat Narmada Valley Fertilizers & Chemicals Limited (GNFC Ltd), SABIC, Clariant AG, Huntsman Corporation, Hodogaya Chemical Co Ltd., Solvay SA, Arkema Group, Celanese Corporation, Eastman Chemical Company, Praxair Inc., Westlake Chemical Corporation, PPG Industries, Braskem SA, Wanhua Chemical Group Co, Chongqing Changshou Chemical Co, Linde PLC, Dow Inc., LyondellBasell Industries, Bayer AG, BASF SE, Shandong Tianan Chemicals Co Ltd., Akzo Nobel NV
Which Regions Offer the Highest Growth Potential in the Phosgene Market?
Asia-Pacific was the largest region in the Phosgene market in 2024. The regions covered in the phosgene market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Price Trends of Phosgene in its Latest Insights and Dashboard
Product Name - Phosgene
HS Code - 28121100
Molecular Weight - 98.92 g/mol
Chemical Formula - COCL2
Synonyms - Carbonic dichloride, Carbonyl chloride, Phosgen, Chloroformyl chloride, Carbon oxychloride, Carbonic chloride
Currency - US$ (Data can also be provided in local currency)
Supplier Database Availability - Yes
Customization Scope - Our services can be customized as per the requirements of the customer
Post-Sale Analyst Support - 360-degree analyst support after service delivery
Region/Countries for which Data is available
Asia Pacific: China,…
