Phosgene Market Size, 2021 Industry Share, Competitive Analysis and Segments Poised for Strong Growth in Future 2027
Phosgene is a clear liquid with an unpleasant odor which is manufactured industrially by reacting carbon monoxide with chlorine over a catalyst at extreme temperature. 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 utilization in various application 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 wide utilization of pesticide a