Phosgene Global Market Report 2026

Phosgene is a toxic, colorless gas with the chemical formula COCl2. It possesses a musty odor, similar to freshly cut hay or grass, especially at lower concentrations. The chemical structure of phosgene consists of a carbon atom double-bonded to an oxygen atom (carbonyl group) and single-bonded to two chlorine atoms. Due to its severe respiratory irritant properties, phosgene has been historically used in chemical warfare.

The main types of derivatives produced from phosgene include isocyanates, chloroformates, carbamoyl chlorides, and others. Isocyanates are chemical compounds containing the N=C=O functional group. They find applications in various industries, including the production of substances such as methyl diphenyl diisocyanate, toluene diisocyanate, polycarbonate resins, and more. End-users of these derivatives span across industries such as pharmaceuticals, agrochemicals, dyes, fine chemicals, polycarbonates, specialty chemicals, and others.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report's Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

Tariffs have had a strong impact on the phosgene market by increasing costs associated with imported chlorine, carbon monoxide derivatives, and downstream chemical intermediates. These higher costs have affected isocyanates, polycarbonate resins, and specialty chemical production. Europe and Asia-Pacific are among the most affected regions due to integrated cross-border chemical supply chains. To mitigate tariff impacts, manufacturers are strengthening backward integration, enhancing on-site production, and improving operational efficiency. In some cases, tariffs have promoted regional self-sufficiency and long-term investment in domestic chemical infrastructure.

The phosgene market research report is one of a series of new reports from The Business Research Company that provides phosgene market statistics, including phosgene industry global market size, regional shares, competitors with a phosgene market share, detailed phosgene market segments, market trends and opportunities, and any further data you may need to thrive in the phosgene industry. This phosgene market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The phosgene market size has grown strongly in recent years. It will grow from $5.1 billion in 2025 to $5.37 billion in 2026 at a compound annual growth rate (CAGR) of 5.2%. The growth in the historic period can be attributed to growth of polyurethane production, demand from agrochemicals sector, expansion of dye manufacturing, use in pharmaceutical synthesis, growth of fine chemical industries.

The phosgene market size is expected to see strong growth in the next few years. It will grow to $6.58 billion in 2030 at a compound annual growth rate (CAGR) of 5.2%. The growth in the forecast period can be attributed to increasing demand for lightweight materials, expansion of polycarbonate applications, growth of specialty chemicals market, advancements in safe handling technologies, rising industrial chemical consumption. Major trends in the forecast period include rising demand for polycarbonate production, growing use in isocyanate manufacturing, expansion of specialty chemical applications, increasing focus on process safety, growth of downstream chemical integration.

The expansion of the pharmaceutical industry is expected to propel the growth of the phosgene market going forward. The pharmaceutical industry involves the development, production, and commercialization of drugs and medications used for medical treatments. Phosgene plays a critical role in this sector as a key building block in the production of pharmaceutical active ingredients, specialty plastics, activated amino acids, and peptide synthesis. For instance, in April 2025, according to Eurostat, a Luxembourg-based government agency, EU exports of medicinal and pharmaceutical products increased by 13.5% in 2024 compared with 2023, reaching $316.38 billion (€313.4 billion). Meanwhile, imports rose only slightly, by 0.5%, totaling $112.7 billion (€119.7 billion). Therefore, the expansion of the pharmaceutical industry is driving the growth of the phosgene market.

Major companies operating in the phosgene market are focusing on technological advancements such as bio-derived isocyanates to support eco-friendly polyurethane production. Bio-derived isocyanates are produced from renewable biological sources, such as plants or microorganisms, instead of conventional petroleum-based feedstocks. For instance, in August 2025, Algenesis Corp., a US-based material science company, launched the Bio-Iso pilot plant to produce the world's first fully biogenic, plant-based isocyanate. Bio-Iso is made entirely from plant-based dicarboxylic acids and eliminates the use of highly toxic phosgene, offering a safer and more environmentally responsible alternative to traditional isocyanates. When paired with Algenesis' Soleic(R) polyol, Bio-Iso enables the creation of 100% biobased thermoplastic polyurethane (TPU), validated through ASTM D6866-24 analysis, providing fully circular and sustainable materials without compromising performance or industrial applicability.

In February 2023, Archroma, a Switzerland-based specialty chemicals company, acquired the Textile Effects business of Huntsman Corporation for an undisclosed amount. This acquisition aims to create a strengthened organizational structure, ensuring both divisions receive appropriate resources and strategic focus. Huntsman Corporation is a US-based chemical manufacturer that produces phosgene.

Major companies operating in the phosgene market are Altivia, Paushak Ltd, VanDeMark Chemical Inc, Synthesia a.s., Puyang Shenghuade Chemical Co., Ltd., ISOCHEM, Atul Ltd, Gujarat Narmada Valley Fertilizers & Chemicals Ltd (GNFC), SABIC, Clariant AG, Huntsman Corporation, Hodogaya Chemical Co., Ltd., Solvay S.A., Arkema Group, Celanese Corporation, Eastman Chemical Company, Westlake Chemical Corporation, Braskem S.A., Wanhua Chemical Group Co., Ltd., Chongqing Changshou Chemical Co., Ltd., Dow Inc., LyondellBasell Industries, BASF SE, Shandong Tianan Chemicals Co., Ltd., Akzo Nobel N.V.

Asia-Pacific was the largest region in the Phosgene market in 2025. The regions covered in the phosgene market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the phosgene market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain

The phosgene market consists of sales of carbamates, phosphonates, toluene diisocyanate (TDI), hexamethylene diisocyanate and methylene diphenyl diisocyanate (MDI). Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Phosgene Market Global Report 2026 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses phosgene market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Where is the largest and fastest growing market for phosgene ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The phosgene market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, total addressable market (TAM), market attractiveness score (MAS), competitive landscape, market shares, company scoring matrix, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

• The market characteristics section of the report defines and explains the market. This section also examines key products and services offered in the market, evaluates brand-level differentiation, compares product features, and highlights major innovation and product development trends.
• The supply chain analysis section provides an overview of the entire value chain, including key raw materials, resources, and supplier analysis. It also provides a list competitor at each level of the supply chain.
• The updated trends and strategies section analyses the shape of the market as it evolves and highlights emerging technology trends such as digital transformation, automation, sustainability initiatives, and AI-driven innovation. It suggests how companies can leverage these advancements to strengthen their market position and achieve competitive differentiation.
• The regulatory and investment landscape section provides an overview of the key regulatory frameworks, regularity bodies, associations, and government policies influencing the market. It also examines major investment flows, incentives, and funding trends shaping industry growth and innovation.
• The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
• The forecasts are made after considering the major factors currently impacting the market. These include the technological advancements such as AI and automation, Russia-Ukraine war, trade tariffs (government-imposed import/export duties), elevated inflation and interest rates.
• The total addressable market (TAM) analysis section defines and estimates the market potential compares it with the current market size, and provides strategic insights and growth opportunities based on this evaluation.
• The market attractiveness scoring section evaluates the market based on a quantitative scoring framework that considers growth potential, competitive dynamics, strategic fit, and risk profile. It also provides interpretive insights and strategic implications for decision-makers.
• Market segmentations break down the market into sub markets.
• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth.
• Expanded geographical coverage includes Taiwan and Southeast Asia, reflecting recent supply chain realignments and manufacturing shifts in the region. This section analyzes how these markets are becoming increasingly important hubs in the global value chain.
• The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
• The company scoring matrix section evaluates and ranks leading companies based on a multi-parameter framework that includes market share or revenues, product innovation, and brand recognition.

Scope

• Markets Covered:1) By Derivatives: Isocyanates; Chloroformates; Carbamoyl Chlorides
• 2) By Application: Toluene Diisocyanate; Polycarbonate Resins; Others Application
• 3) By End-Use: Agrochemicals; Fine Chemicals; Polycarbonates; Specialty Chemicals; Other End-users
• Subsegments:
• 1) By Isocyanates: Methylene Diphenyl Diisocyanate (MDI); Toluene Diisocyanate (TDI); Hexamethylene Diisocyanate (HDI); Other Isocyanates
• 2) By Chloroformates: Ethyl Chloroformate; Methyl Chloroformate; Butyl Chloroformate; Other Chloroformates
• 3) By Carbamoyl Chlorides: N-Methyl Carbamoyl Chloride; N-Ethyl Carbamoyl Chloride; N-Butyl Carbamoyl Chloride; Other Carbamoyl Chlorides
• Companies Mentioned: Altivia; Paushak Ltd; VanDeMark Chemical Inc; Synthesia a.s.; Puyang Shenghuade Chemical Co., Ltd.; ISOCHEM; Atul Ltd; Gujarat Narmada Valley Fertilizers & Chemicals Ltd (GNFC); SABIC; Clariant AG; Huntsman Corporation; Hodogaya Chemical Co., Ltd.; Solvay S.A.; Arkema Group; Celanese Corporation; Eastman Chemical Company; Westlake Chemical Corporation; Braskem S.A.; Wanhua Chemical Group Co., Ltd.; Chongqing Changshou Chemical Co., Ltd.; Dow Inc.; LyondellBasell Industries; BASF SE; Shandong Tianan Chemicals Co., Ltd.; Akzo Nobel N.V.
• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Taiwan; Russia; South Korea; UK; USA; Canada; Italy; Spain
• Regions: Asia-Pacific; South East Asia; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
• Time Series: Five years historic and ten years forecast.
• Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
• Data Segmentations: country and regional historic and forecast data, market share of competitors, market segments.
• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
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