Phosgene Market Trends, 2024

1. 2014 – 2024 GLOBAL PHOSGENE MARKET FORECAST & OPPORTUNITIES www.techsciresearch.com MARKET INTELLIGENCE . CONSULTING

2. Scope of Report Product of Interest (POI): Phosgene Global phosgene market is expected to witness a marginal decline in consumption during 2019 - 2024. Phosgene (COCl2) is a nonflammable gas that is naturally produced from the breakdown of chlorinated compounds and it is an important building block to produce pesticides, urethanes, and polycarbonate plastics. Prolonged exposure to phosgene can is harmful for humans. Phosgene is generally produced at the plant for captive consumption to produce Methyl Diisocyanate (MDI), Toluene Diisocyanate (TDI) and Polycarbonate resins. Market Segmentation Year Range REGION DERIVATIIVES Phosgene Market Asia-Pacific Methyl Diphenyl • • Review Period Europe Diisocyanate • North America Toluene Diisocyanate • • 2014 – 2017 South America Polycarbonate Resins • • Base Year MEA • 2018 Estimated Year 2019 Forecast Period 2020 – 2024 2

3. Table of Contents S. No. Contents Page No. 1. Product Overview 2. Research Methodology 3. Executive Summary 4. Voice of Customers 5. Global Phosgene Industry Overview 6. Global Phosgene Market Outlook 6.1. Market Size & Forecast 6.1.1. By Value 6.1.2. By Volume 6.2. Market Share & Forecast By Derivatives (Methyl Diphenyl Diisocyanate, Toluene Diisocyanate, Polycarbonate Resins) 6.2.1. 6.2.2. By Company 6.2.3. By Region 6.3. Market Attractiveness Index 7. Asia-Pacific Phosgene Market Outlook 7.1. Market Size & Forecast 7.1.1. By Value 7.1.2. By Volume 3

4. Table of Contents S. No. Contents Page No. 7.2. Market Share & Forecast 7.2.1. By Derivatives 7.2.2. By Country 7.3. China Phosgene Market Outlook 7.3.1. Market Size & Forecast 7.3.1.1. By Value 7.3.1.2. By Volume 7.3.2. Market Share & Forecast 7.3.2.1. By Derivatives 7.4. Japan Phosgene Market Outlook 7.4.1. Market Size & Forecast 7.4.1.1. By Value 7.3.1.2. By Volume 7.4.2. Market Share & Forecast 7.4.2.1. By Derivatives 7.5. India Phosgene Market Outlook 7.5.1. Market Size & Forecast 7.5.1.1. By Value 4

5. Table of Contents S. No. Contents Page No. 7.5.1.2. By Volume 7.5.2. Market Share & Forecast 7.5.2.1. By Derivatives 7.6. South Korea Phosgene Market Outlook 7.6.1. Market Size & Forecast 7.6.1.1. By Value 7.6.1.2. By Volume 7.6.2. Market Share & Forecast 7.6.2.1. By Derivatives 7.7. Thailand Phosgene Market Outlook 7.7.1. Market Size & Forecast 7.7.1.1. By Value 7.7.1.2. By Volume 7.7.2. Market Share & Forecast 7.7.2.1. By Derivatives 8. Europe Phosgene Market Outlook 8.1. Market Size & Forecast 8.1.1. By Value 8.1.2. By Volume 5

6. Table of Contents S. No. Contents Page No. 8.2. Market Share & Forecast 8.2.1. By Derivatives 8.2.2. By Country 8.3. Germany Phosgene Market Outlook 8.3.1. Market Size & Forecast 8.3.1.1. By Value 8.3.1.2. By Volume 8.3.2. Market Share & Forecast 7.3.2.1. By Derivatives 8.4. France Phosgene Market Outlook 8.4.1. Market Size & Forecast 8.4.1.1. By Value 8.3.1.2. By Volume 8.4.2. Market Share & Forecast 8.4.2.1. By Derivatives 8.5. Rest Of Europe Phosgene Market Outlook 8.5.1. Market Size & Forecast 8.5.1.1. By Value 8.5.1.2. By Volume 8.5.2. Market Share & Forecast 8.5.2.1. By Derivatives 6

7. Table of Contents S. No. Contents Page No. 9. North America Phosgene Market Outlook 9.1. Market Size & Forecast 9.1.1. By Value 9.1.2. By Volume 9.2. Market Share & Forecast 9.2.1. By Derivatives 9.2.2. By Country 9.3. United States Phosgene Market Outlook 9.3.1. Market Size & Forecast 9.3.1.1. By Value 9.3.1.2. By Volume 9.3.2. Market Share & Forecast 9.3.2.1. By Derivatives 9.4. Canada Phosgene Market Outlook 9.4.1. Market Size & Forecast 9.4.1.1. By Value 9.3.1.2. By Volume 9.4.2. Market Share & Forecast 9.4.2.1. By Derivatives 7

8. Table of Contents S. No. Contents Page No. 9.5. Mexico Phosgene Market Outlook 9.5.1. Market Size & Forecast 9.5.1.1. By Value 9.5.1.2. By Volume 9.5.2. Market Share & Forecast 9.5.2.1. By Derivatives 10. South America Phosgene Market Outlook 10.1. Market Size & Forecast 10.1.1. By Value 10.1.2. By Volume 10.2. Market Share & Forecast 10.2.1. By Derivatives 10.2.2. By Country 10.3. Brazil States Phosgene Market Outlook 10.3.1. Market Size & Forecast 10.3.1.1. By Value 10.3.1.2. By Volume 10.3.2. Market Share & Forecast 10.3.2.1. By Derivatives 8

9. Table of Contents S. No. Contents Page No. 10.4. Argentina Phosgene Market Outlook 10.4.1. Market Size & Forecast 10.4.1.1. By Value 10.3.1.2. By Volume 10.4.2. Market Share & Forecast 10.4.2.1. By Derivatives 10.5. Colombia Phosgene Market Outlook 10.5.1. Market Size & Forecast 10.5.1.1. By Value 10.5.1.2. By Volume 10.5.2. Market Share & Forecast 10.5.2.1. By Derivatives 10.6. Chile Phosgene Market Outlook 10.6.1. Market Size & Forecast 10.6.1.1. By Value 10.6.1.2. By Volume 10.6.2. Market Share & Forecast 10.6.2.1. By Derivatives 10.7. Peru Phosgene Market Outlook 10.7.1. Market Size & Forecast 10.7.1.1. By Value 10.7.1.2. By Volume 9

10. Table of Contents S. No. Contents Page No. 10.7.2. Market Share & Forecast 10.7.2.1. By Derivatives 11. Middle East and Africa Phosgene Market Outlook 11.1. Market Size & Forecast 11.1.1. By Value 11.1.2. By Volume 11.2. Market Share & Forecast 11.2.1. By Derivatives 11.2.2. By Country 11.3. South Africa Phosgene Market Outlook 11.3.1. Market Size & Forecast 11.3.1.1. By Value 11.3.1.2. By Volume 11.3.2. Market Share & Forecast 11.3.2.1. By Derivatives 11.4. Saudi Arabia Phosgene Market Outlook 11.4.1. Market Size & Forecast 11.4.1.1. By Value 11.3.1.2. By Volume 11.4.2. Market Share & Forecast 11.4.2.1. By Derivatives 10

11. Table of Contents S. No. Contents Page No. 11.5. UAE Phosgene Market Outlook 11.5.1. Market Size & Forecast 11.5.1.1. By Value 11.5.1.2. By Volume 11.5.2. Market Share & Forecast 11.5.2.1. By Derivatives 12. Market Dynamics 12.1. Drivers 12.2. Challenges 13. Market Trends & Developments 14. Pricing Analysis 15. Competitive Landscape 15.1. Competition Benchmarking 15.2. Company Profiles (Leading companies) 15.2.1. Covestro AG 15.2.2. BASF SE 15.2.3. Wanhua Chemical Group Co. Ltd 15.2.4. DowDuPont 15.2.5. Bayer AG 15.2.6. Atul Ltd. 15.2.7. Paushak Ltd. 11

12. Table of Contents S. No. Contents Page No. 15.2.8. UPL Ltd. 15.2.9. Vertellus Holdings LLC 15.2.10. VanDeMark Chemical Inc. 15.2.11. ISOCHEM 15.2.12. Huntsman International 15.2.13. Shandong Tianan Chemicals 16. Strategic Recommendations 17. About Us & Disclaimer 12

13. RESEARCH METHODOLOGY

14. Research Methodology Market Profiling Data Analysis Data Collection Data Developing List of Respondents Formulating Questionnaire Validation In-depth secondary research was conducted to determine top players in the global phosgene market , overall market size and segmental market size. The data was scrutinized using MS-Excel, statistical tools and internal proprietary database to obtain qualitative and quantitative insights about the global phosgene market. Data obtained as a result of primary and secondary research was validated through rigorous triangulation. TechSci conducted interviews with industry experts and industry players for data collection and verification. In order to conduct industry experts’ interviews, TechSci formulated a detailed discussion guide. List of industry players and industry specialists was developed. Primary Research Desk Research Company Analysis ✓ ✓ Recent Developments ✓ ✓ Market Participants ✓ Identifying Key Opinion Leaders Actionable Insights Data Filter & Analysis Business Solution Market Changing Aspects/Dynamics Research & Intelligence Data Collection Key Strengths ✓ ✓ Questionnaire Design ✓ ✓ Government Policies In-depth Interviews Final Conclusion Primary Research Secondary Research Paid Sources LinkedIn TechSci Internal Database Company Websites Company Annual Reports White Paper Study Financial Reports Investor Presentations Regulatory Body Associations, etc. Factiva Hoovers ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ 14

15. Research Methodology Baseline Methodology Our dedicated team of industry experts has monitored and analyzed various aspects of the global phosgene market. The team has analyzed the outlook of various segments of this market, while considering the major influencing factors such as increasing demand for MDI, TDI and Polycarbonate resins. The study includes market forecasting, which would enable our clients to take better decisions while planning their strategy to achieve sustainability in the global phosgene market. Methodology Followed for Calculation of Market Size: Market Size By Value: Market size, in terms of value, for the year 2016 was calculated based on information collected through exhaustive • secondary research and primary surveys, with various key opinion leaders/stakeholders, such as phosgene manufacturer & supplier companies, channel partners, market influencers & end users, industry experts, and other industry participants. The team interviewed more than 15 – 20 phosgene companies, 45 – 50 channel partners, 60 – 100 end users, and 15 – 20 Industry experts and other • value chain stakeholders in the Global Phosgene Market to obtain the overall market size for 2015-2019, which was validated by the Delphi technique. Taking standard deviation into consideration, the market size was averaged out, to arrive at the market size data during 2015-2019. 15

16. Research Methodology Respondents were asked about the current and future market growth rates, market shares by derivatives, by each region. Removing the outlier • responses, the geometric mean of growth estimates and supplier wise revenue shares generated across various segments were considered, to arrive at the final revenue shares. Revenue shares generated across various segments were further triangulated from other stakeholders. Methodology Followed for Calculation of Market Shares: Market shares by derivatives, by region and by company were calculated based on the responses received through primary surveys with industry experts, in which the respondents were asked about the market shares or revenue generated from various segments of global phosgene market. The final shares were calculated by taking the geometric mean of the responses gathered from key opinionleaders after eliminating the outliers. Methodology Followed for Forecasting: TechSci Research performed periodical checks on data collected through the surveys with logic checks and analyzed the survey results in • SPSS/Tableau Software. Data triangulation techniques were applied to fill the gaps and to present a more meaningful picture of the market. To forecast Global Phosgene • Market, TechSci Research used various forecast techniques such as: Moving Average ✓ Time Series Analysis ✓ Regression Analysis ✓ Econometric and Judgmental Analysis ✓ 16

17. Research Methodology TechSci Research used its own forecast tool, which is based on the growth of various allied industries in respective regions. TechSci Research also used the impact analysis during short, medium and long term period to estimate the demand and to reach accurate market numbers. It should be noted that the figures compiled are only for the organized market including market share data. Partial List of Companies Interviewed Key Secondary Sources Covestro AG ▪ World Bank ▪ ▪ BASF SE ▪ TechSci Research Proprietary Database & Knowledge ▪ Wanhua Chemical Group Co. Ltd Repository ▪ DowDuPont ▪ Company Annual Reports Bayer AG ▪ Industry Magazines ▪ ▪ Atul Ltd. ▪ Industry Reports ▪ Paushak Ltd. ▪ News Dailies ▪ UPL Ltd. ▪ Credible Paid Databases ▪ Vertellus Holdings LLC ▪ VanDeMark Chemical Inc. 17

18. Industry Brief According to TechSci Research report, “Global Phosgene Market By Derivatives, By Region, Competition, Forecast & Opportunities, 2024”, the global phosgene market is estimated at around $ 6.3 billion in 2019. Stringent governmental regulations on the toxicity level of phosgene, rising use of phosgene free technology and increasing threat of non-toxic substitutes are expected to hamper the growth of global phosgene market during forecast period. Additionally, growing environmental concerns such as contamination of water, soil, and air, among others due to the use of phosgene in agrochemicals are further restricting the growth of market. Moreover, safe transportation of hazardous chemical is also obstructing the market growth. The global phosgene market is segmented based on derivatives and regions. Based on derivatives, the market can be categorized into Methyl Diphenyl Diisocyanate, Toluene Diisocyanate and Polycarbonate Resins. The Methyl Diphenyl Diisocyanate segment is expected to dominate the market during the forecast period on account of its use in the production of rigid polyurethane foams and its applications ranging from building and industrial insulation to refrigeration. Covestro AG, BASF SE, Wanhua Chemical Group Co. Ltd, DowDuPont, Bayer AG, Atul Ltd., Paushak Ltd., UPL Ltd., Vertellus Holdings LLC, VanDeMark Chemical Inc., ISOCHEM, Huntsman International, Shandong Tianan Chemicals and others are some of the leading players operating in global phosgene market. “Asia-Pacific is expected to continue its dominance in the global phosgene market during the forecast period, owing to comparatively high consumption of phosgene-derivatives in agrochemicals, dyes, and medicines, among others. Nevertheless, growing focus towards application of phosgene free technology to produce MDI, TDI and Polycarbonate resins is expected continue hindering the growth of phosgene market in the coming years across the globe.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm. 18

19. Sample Data - Snapshot Global Phosgene Market Size, By Value (USD Million) & By Volume (Thousand Tons), 2014–2024F 20.00 18.01 16.21 15.00 14.60 14.00 13.14 13.00 12.00 11.83 11.00 10.65 10.00 9.59 9.00 8.64 8.00 7.77 7.00 7.00 6.00 5.00 CAGR By Value & By Volume YY% CAGR By Value & By Volume XX% 2014 2018 By Value (USD Million) 2019E 2024F By Volume(Thousand Tons) Europe Phosgene Market Share, By Derivatives, By Value , 2014–2024F Methyl Diphenyl Diisocyanate Toluene Diisocyanate Polycarbonate Resins 40% 30% 30% 2024F 40% 30% 30% 2023F 40% 30% 30% 2022F 40% 30% 30% 2021F 40% 30% 30% 2020F 40% 30% 30% 2019E 40% 30% 30% 2018 40% 30% 30% 2017 40% 30% 30% 2016 40% 30% 30% 2015 40% 30% 30% 2014 Global Phosgene Market Share, By Company, By Value, 2018 100% 25% 18% 20% 17% 12% 8% Total Company 1 Company 2 Company 3 Company 4 Company 5 Others 19

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21. About Us & Disclaimer TechSci Research is a global market research and consulting company with offices in the US, UK and India. TechSci Research provides market research reports in number of areas to organizations. The company uses innovative business models that focus on improving productivity, while ensuring creation of high-quality reports. The proprietary forecasting models use various analyses of both industry-specific and macroeconomic variables on a state-by-state basis to produce a unique ‘bottom-up’ model of a country, regional and global industry prospects. Combined with the detailed analysis of company activity and industry trends, the result is a uniquely rich evaluation of the opportunities available in the market. Related Reports Europe Seeds Market By Type (Hybrid, Genetically Modified, Varietal), By Crop Type (Cereals & Grains, Oilseeds & Pulses, Cotton, Fruits & Vegetables, Olericulture, Others), By Trait (Herbicide Tolerance, Insecticide Resistance, Others), By Availability (Farm Saved, Commercial), By Sales Channel (Direct, Indirect), By Seed Treatment (Treated, Non-Treated), • By Country, Forecast & Opportunities, 2025 Global Fertilizers Market By Type (Straight v/s Complex), By Origin (Organic, Synthetic, Bio-fertilizer), By Form (Solid v/s Liquid), By Mode of Applications (Foliar Spraying, Fertigation, Sowing, Broadcasting, Spraying, Drip Method, Others), By Crop Type (Grains & Cereals, Pulses & Oilseeds, Commercial Crops, Fruits & Vegetables, Other), By Company, By Region, Forecast & Opportunities, 2025 • TechSci Research – North America 708 Third Avenue, Manhattan, New York, United States Tel: +1- 646- 360- 1656 Email: sales@techsciresearch.com www.techsciresearch.com TechSci Research – Europe 54, Old brook, Bretton, Peterborough, United Kingdom Email: sales@techsciresearch.com www.techsciresearch.com TechSci Research – Asia-Pacific B – 44, Sector – 57, Noida, National Capital Region, U.P. - India Tel: +91-120-4523900 Email: sales@techsciresearch.com www.techsciresearch.com Disclaimer The contents of this report are based on information generally available to the public from sources believed to be reliable. No representation is made that it is timely, accurate or complete. TechSci Research has taken due care and caution in compilation of data as this has been obtained from various sources including which it considers reliable and firsthand. However, TechSci Research does not guarantee the accuracy, adequacy or completeness of any information and it is not responsible for any errors or omissions or for the results obtained from the use of such information and especially states that it has no financial liability whatsoever to the subscribers / users of this report. The information herein, together with all estimates and forecasts, can change without notice. All the figures provided in this document are indicative of relative market size and are strictly for client’s internal consumption. Usage of the same for purpose other than internal will require prior approval of TechSci Research.