- In November 2022, Huntsman Corporation finalized an agreement to sell its textile effects division to Archroma, a portfolio company of SK Capital Partners. The impact of this acquisition on the phosgene market is multifaceted. Since Huntsman is a key player in the specialty chemicals sector, this divestment could lead to a reallocation of its phosgene production capacity toward more profitable applications. Additionally, Archroma's expansion in the textile industry may drive changes in phosgene demand, particularly in textile coatings and dyes where phosgene-based intermediates are utilized. However, as regulatory pressures encourage safer alternatives, this shift may also accelerate innovation in non-toxic substitutes, impacting long-term phosgene consumption trends
- In October 2022, the Department of Chemical Technology Industry and Bioengineering Technologies of the Ministry of Industry and Trade of the Russian Federation has officially incorporated "Polyurethanes" into its "Plan of Activities on Import Substitution in the Chemical Industry." The inclusion of polyurethanes in this import substitution plan has a direct impact on the phosgene market, as phosgene is a key precursor in the production of polycarbonate-based polyurethanes. Increased domestic polyurethane production is likely to boost phosgene demand, leading to expansion in local chemical manufacturing capacities. However, the move may also push Russian industries toward exploring phosgene-free polyurethane alternatives to align with global safety and environmental regulations. In the long term, this policy could reshape Russia’s phosgene supply chain, drive infrastructure investments, and influence global market dynamics by altering regional trade flows
