The polycarbonates segment held the largest share in 2021 nearly 40% of the market and is projected to continue showing robust growth.

WILMINGTON, DE, UNITED STATES, November 20, 2025 /EINPresswire.com/ -- The global phosgene market continues to grow steadily, driven by its expanding use in metal extraction processes involving platinum, plutonium, uranium, and niobium, as well as its critical role in producing chemicals such as beryllium chloride, aluminum chloride, and boron trichloride. Rising pharmaceutical production, increased R&D activity, and the growing demand for advanced treatment solutions are further propelling market expansion.

According to the latest report from Allied Market Research, the global phosgene market generated $39.2 billion in 2021 and is expected to reach $65.4 billion by 2031, registering a CAGR of 5.3% from 2022 to 2031. The study delivers an in-depth examination of market dynamics, key investment pockets, value chain developments, segment performance, regional analysis, and competitive landscape.

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Despite its growth, the market faces challenges due to the health risks associated with phosgene exposure, including eye irritation, throat discomfort, coughing, chest pain, and breathing difficulties. These hazards pose operational limitations that can restrict market adoption. Nonetheless, rising global food security concerns driving increased production of agrochemicals such as pesticides and herbicides where phosgene is a key input—are expected to create substantial growth opportunities during the forecast period.

Segmental Highlights:-

By Derivative:

The isocyanates segment dominated the market in 2021, accounting for over two-thirds of global revenue. It is also expected to maintain its lead, registering the highest CAGR of 5.6% through 2031.

By Application:

The polycarbonates segment held the largest share in 2021 nearly 40% of the market and is projected to continue showing robust growth with the highest CAGR of 6.2% during the forecast period.

By Region:

Asia-Pacific accounted for nearly one-third of global revenue in 2021 and is set to maintain its leadership through 2031. The region is also projected to record the fastest CAGR of 5.7%, supported by rapid industrialization and expanding chemical production capacity.

Key Market Players:-

Major companies profiled in the report include:

- BASF SE, Dow, Covestro A.G., VanDemark Chemical Inc., Vertellus, Synthesia A.S., Atul Ltd., Paushak Ltd., Hodogaya Chemical Co. Ltd., Gujarat Narmada Valley Fertilizers & Chemicals Ltd. (GNFC), UPL Limited, Shandong Tianan Chemicals Co. Ltd., and Altivia.

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About Us

Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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Allied Market Research
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