Phosgene Industry Report 2026: Essential Trends, Influencing Factors and Forecast Overview

The global phosgene market is witnessing steady growth, driven by expanding applications across metals, chemicals, pharmaceuticals, and agrochemicals.

The rising use of phosgene in the extraction of metals such as platinum, plutonium, uranium, and niobium, along with its role in producing key chemical intermediates including beryllium chloride, aluminum chloride, and boron trichloride, significantly supports market expansion. In addition, the growing pharmaceutical sector, increased R&D activities, and the demand for advanced treatment solutions further contribute to market growth.

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According to a report published by Allied Market Research, the global phosgene market generated $39.2 billion in 2021 and is projected to reach $65.4 billion by 2031, registering a CAGR of 5.3% from 2022 to 2031. The study provides an in-depth analysis of evolving market trends, key segments, investment opportunities, value chain dynamics, regional insights, and the competitive landscape.

However, market growth is restrained by the health risks associated with phosgene exposure, including eye irritation, throat dryness, vomiting, coughing, breathing difficulties, and chest pain. Despite these challenges, rising food security concerns have accelerated agrochemical production-particularly pesticides and herbicides-where phosgene plays a vital role, creating new growth opportunities over the forecast period.

Market Segmentation Insights:

By Derivative:

The isocyanates segment dominated the market in 2021, accounting for more than two-thirds of the global share. This segment is expected to maintain its dominance and register the highest CAGR of 5.6% during the forecast period.

By Application:

The polycarbonates segment held nearly two-fifths of the global market in 2021 and is projected to witness the fastest growth, with a CAGR of 6.2% through 2031.

By Region:

Asia-Pacific accounted for nearly one-third of the global market share in 2021 and is expected to retain its leading position through 2031. The region is also forecast to register the fastest CAGR of 5.7% during the analysis period. Other regions covered in the report include Europe and LAMEA.

Key Market Players:

Major companies operating in the global phosgene market include:

- BASF SE
- Dow
- Covestro AG
- VanDeMark Chemical Inc.
- Vertellus
- Synthesia, A.S.
- Atul Ltd.
- Paushak Ltd.
- Hodogaya Chemical Co., Ltd.
- Gujarat Narmada Valley Fertilizers & Chemicals Limited
- UPL Limited
- Shandong Tianan Chemicals Co., Ltd.
- Altivia

Overall, increasing industrial applications, expanding pharmaceutical production, and rising agrochemical demand are expected to sustain the global phosgene market's growth trajectory over the coming decade.

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

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