Insight by Abdul Wasay, Chief Operating Officer at The Business Research Company
In response to fluctuating tariffs and geopolitical trade developments, the Phosgene Market Outlook 2025 analyses how businesses are adapting through supply chain diversification and strategic sourcing.
What Are the Key Forecast Insights for the Phosgene Market Growth?
The historical growth trend in the Phosgene market saw it increase from a market size of $4.84 billion in 2024 to $5.1 billion in 2025. This expansion represented a compound annual growth rate (CAGR) of 5.5%.
What Is the Predicted Industry Size and CAGR of the Phosgene Market in 2029?
The phosgene market is anticipated to grow to a size of $6.25 billion by the year 2029, with a compound annual growth rate (CAGR) projected at 5.2%.
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Which Factors Are Driving Growth in the Phosgene Market?
The key Drivers in the phosgene market are:
• The growth of the pharmaceutical industry
• Use of phosgene in the production of pharmaceutical active ingredients
• Phosgene's role in the manufacture of specialty plastics
• The application of phosgene in the production of activated amino acids and peptide synthesis.
Which Segment Trends Are Covered in the Phosgene Market Forecast?
The phosgenemarket 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
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What Are the Current Market Trends in the Phosgene Industry?
The key trends in the phosgene market are:
• Strategic partnerships in the industry to drive mutual growth and success is a key emerging trend.
• Companies are focusing on expansion in the fine chemistries sector for the global life science market.
• Emphasizing the production of high-end specialty chemical intermediates, including those derived from phosgene, is an upcoming trend.
• The industry is showing significant interest in investments targeted towards producers and suppliers of custom and specialty chemicals, including phosgene.
Who are the Key Companies in the Phosgene Market?
The key players in the phosgene market 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
What are the Regional Trends Across the Phosgene Market?
Asia-Pacific was the largest region in the Phosgene market in 2024
