The phosgene market size has the potential to grow by USD 1.42 billion during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 5.81%.
This report provides a detailed analysis of the market by application (MDI, TDI, and others), geography (APAC, Europe, MEA, North America, and South America), and key vendors.
Market Overview
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Market Competitive Analysis
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
- ALTIVIA
- Atul Ltd.
- BASF SE
- LANXESS AG
- Lonza Group Ltd.
- Paushak Ltd.
- PMC Isochem
- Synthesia AS
- VanDeMark Chemical Inc.
- Wanhua Chemical Group Co. Ltd.
The phosgene market is concentrated and the vendors are deploying various organic and inorganic growth strategies to compete in the market. Click here to uncover other successful business strategies deployed by the vendors.
The market players also significantly leverage external market drivers such as the ever-rising population driving the demand for bedding and furniture to achieve growth opportunities. However, factors such as the increasing popularity of phosgene-free techniques for producing polycarbonate will challenge the growth of the market participants. To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
Download a free sample of the phosgene market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
This phosgene market analysis report also provides detailed information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of their future growth opportunities.
Phosgene Market: Key Drivers and Trends
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Phosgene Market: Segmentation by Geography
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48% of the market’s growth will originate from APAC during the forecast period. China and India are the key markets for phosgene in APAC. Market growth in APAC will be faster than the growth of the market in other regions.
The rapid industrialization, population growth, and urbanization in countries such as India and China will facilitate the phosgene market growth in APAC over the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.
Phosgene Market: Segmentation by Application
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Phosgene is widely used in the production of methylene diphenyl diisocyanate (MDI)/ polymeric polyisocyanates or polymeric MDI. MDI derived from phosgene is used in many applications, including reaction injection molding (RIM) systems, thermoplastic polyurethane (TPU), high-performance elastomers, spandex fibers, coatings, and sealants and adhesives. MDI is widely used for manufacturing polyurethane foams that are used extensively in industrial, consumer appliances, and packaging applications. The thriving use of MDI in end-user industries, such as construction materials, industrial insulation, automotive, and refrigeration, are expected to fuel the demand for phosgene in this segment during the forecast period.
This report provides an accurate prediction of the contribution of all the segments to the growth of the phosgene market size. Fetch actionable market insights on post COVID-19 impact on each segment.
Phosgene Market: Key Highlights of the Report for 2021-2025
- CAGR of the market during the forecast period 2021-2025
- Detailed information on factors that will drive phosgene market growth during the next five years
- Precise estimation of the phosgene market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the phosgene industry across APAC, Europe, North America, MEA, and South America
- A thorough analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of phosgene market vendors
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