Phosgene Market 2018 | Trends, Drivers, Strategies, Applications and Competitive Landscape 2023

06/ago/2018 07:25:32 Market Research Future Contatta l'autore

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Phosgene is a clear liquid with an unpleasant odor which is manufactured industrially by reacting carbon monoxide with chlorine over a catalyst at extreme temperatures. It is majorly used to produce isocyanates (TDI, MDI, cycloaliphatic, and aromatic isocyanates), acid chlorides, chloroformates, chlorocarbamates, and organic carbonates. Derivative of Phosgene such as diethylcarbamoyal chloride are extensively utilized in the pharmaceutical sector. Numerous properties of phosgene makes it suitable for use in various applications such as pharmaceuticals, dyes, agrochemicals, specialty chemicals, and others. 

Some of the important factors that positively influence the growth of the Phosgene Market are increasing disposable income, constant urbanization, and improved living standards. Additionally, rising use of pharmaceuticals has led to an increase in the demand for phosgene globally. Moreover, continuous growth of agrochemical industry along with the use of pesticide and herbicide to meet the demand for good quality crop production is forecasted for the demand for Phosgene across the globe. Phosgene demand. Strong investment in the ongoing R & D projects. However, increasing concern regarding the harmful effects of Phosgene is estimated to hinder the market growth. 

Competitive Analysis 

The major players operating in the Phosgene Market are Bayer Group (Germany), BASF SE (Germany), VanDeMark Chemical Inc. (US), Wanhua Chemical Group Co., Ltd. (China), Vertellus Holdings LLC (US), Atul Ltd (India), Paushak Ltd (India), UPL (India), ISOCHEM (France), JH Products (US) among others. 

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Market Segmentation: - 

The Global Phosgene Market is classified on the basis of Derivatives, Application and Region. On the basis of derivatives, the market is classified into isocyanates, chloroformates, carboamoyl chlorides, and others. Among these, 80% of Phosgene is used to manufacture isocyanates. Isocyanates is further categorized into MDI, TDI, aliphatic, and others. Isocyanates is expected to grow with the most rigid foams, adhesives, coatings, and elastomers. Moreover, increasing use of construction chemicals along with continuous growth of construction sector is predicted to fuel the demand for Phosgene over the assessment period. On the basis of application, the market is categorized into agrochemicals, pharmaceuticals, dyes, specialty chemicals, and others. Among these, the pharmaceutical and agrochemical sector together hold for around 48% market share. Pharmaceutical sector is focused on R & D and new product development. High efficiency and ease of use. Moreover, the segment witnessed a sharp rise in demand, as it turned out, has increased the penetration of agrochemicals. High efficiency and ease of use. Moreover, the segment witnessed a sharp rise in demand, as it turned out, has increased the penetration of agrochemicals. High efficiency and ease of use. Moreover, the segment witnessed a sharp rise in demand, as it turned out, has increased the penetration of agrochemicals. 

Regional Analysis 

Asia Pacific is expected to be the largest market for phosgene followed by Europe and North America. Europe Phosgene Market is expected to witness a significant growth in the growth of textile and agrochemicals industry. North America is predicted to witness a steady growth during the assessment period due to rising demand for construction chemicals in construction sector. Qatar and the United Arab Emirates (UAE). In Latin America, market growth is majorly two to expansion of the pharmaceutical and textile sector. 

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