Press release
Phosgene Market to Rear Excessive Growth During 2012 - 2018
Tetra butyl urea is used in the manufacturing of solvents and to improvise the performance of polymers. Toluene diisocyanate and methylene diphenyl diisocyanate are the two most important derivatives of phosgene and are used for manufacturing thermal insulators in freezers and are also utilized in the construction industry. Phosgene is also used for producing many polycarbonates and isocyanates that have applications in various industrial sectors.
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The phosgene industry has been showing continuous growth in the past which is expected to continue in the near future. Western Europe has been the leading consumer of this compound followed by North America and China. China and the Middle East are expected to grow at a better pace due to the increasing demand for phosgene derivatives mainly toluene diisocyanate and methylene diphenyl diisocyanate.
Phosgene has its application in a number of industrial sectors that include insecticides, pharmaceuticals, cosmetics and many others. Growing economies and growth in various industrial sectors mainly in the Asia Pacific region is expected to be a major driver for the phosgene industry. The growing demand for chemicals that use phosgene as an intermediate chemical is also expected to trigger the demand for phosgene.
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Phosgene is highly toxic and symptoms of its inhalation are noticed slowly. It mainly leads to respiratory disorders such as suffocation which is a major restraint for the growth of the phosgene industry. If this compound is handled with extensive care and all necessary precautions are taken to avoid inhalation, the restraint can be overcome.
Some of the major players in the phosgene industry are BASF, BayerCrop Science, Dow Chemical, PPG Industries, DuPont, Rubican, and others.
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