Global Biphenyl Market Size By Type (Crude Oil Biphenyl, Coal Tar Biphenyl, Natural Gas Biphenyl), By Application (Dyestuff Carrier for Textiles, Food & Beverages, Fungicide, Heat Transfer Fluids, Chemicals Intermediate, Solvents for Pharmaceutical Production), Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trend, Competitive Market Share & Forecast, 2020 – 2026

Published Date: Jan 2021  |  Report ID: GMI4889  |  Authors: Kunal Ahuja, Kritika Mamtani

Report Format: PDF   |   Pages: 215   |   Base Year: 2019

Summary Table of Contents Industry Coverage Methodology

Industry Trends

Biphenyl market size exceeded USD 225 million, in 2019 and is estimated to grow at over 7% CAGR between 2020 and 2026. Rapid growth of chemical industry along with increasing product usage as an intermediate and solvent should have a favorable impact on market growth during the forecast period.

Increasing production of organic chemicals for use in different reactions being carried out in chemical industries such as alkylation, bromination, and chiral chemical processes, is likely to raise the demand for biphenyl as a chemical intermediate and should support the market growth of biphenyl market. Rising concerns regarding impact of environmental factors on overall lifecycle of end products is encouraging manufacturers of polymer products to set up environmental test chambers for life cycle assessment of their products.

Biphenyl Market Outlook

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Such rigorous testing of products requires the use of heat transfer fluids which is expected to raise the product demand. Rising demand for specialty chemicals in different end use industries is likely to propel market growth in the coming years.

Further, biphenyl market from fungicide application is projected to grow with the CAGR of 5.5%. Increasing awareness among farmers regarding importance of crop protection and increasing crop yields per hectare of land is likely to raise the demand for agrochemicals such as pesticides, insecticides, and fungicides. Increasing urbanization and industrialization is reducing the area of land available for farming and forcing farmers to cultivate higher yield of crops on a smaller land area.

Fungicides aid in preventing or curing the crops of fungal attacks, thus increasing the crop production. Increasing farming activities in major agricultural countries such as China and India should support market growth. Increasing adoption of advanced farming practices such as crop rotation and use of technologically advanced equipment for agriculture is likely to raise product demand for fungicide production. Increasing efforts by farmers for embracing sustainable agricultural practices and organic farming may stimulate market growth.

Rising Usage of Biphenyl As Preservative Is Likely To Boost Market Growth From Food & Beverage Application

Global biphenyl market from food & beverage application is projected to surpass 11.5 million USD by the end of 2026 as it is used as a preservative ingredient and antioxidants in food products to preserve the flavour & quality of products. They prevent oxidation and free radical formation in foods and are widely used to preserve the freshness of packaged food products.

Additionally, increasing demand for food additives owing to growing consumption of processed foods including sausage, and ready-to-cook foodstuff will tend to increase biphenyl consumption and boosting the biphenyl market demand.  It acts as an antioxidant and preservative, which helps to prevent food spoilage. It provides flavour, texture, and appearance to the processed food preparation while enhancing the shelf life of food products by preventing the food from becoming rancid and spoilt through the oxidation process.

Global Biphenyl Market Report Coverage
Report Coverage Details
Base Year:2019
Market Size in 2019:227.44 Million (USD)
Forecast Period:2020 to 2026
Forecast Period 2020 to 2026 CAGR:7%
2026 Value Projection:360 Million (USD)
Historical Data for:2015 to 2019
No. of Pages:215
Tables, Charts & Figures:182
Segments covered:By Type and Application
Growth Drivers:
  • Rapid growth of chemical industry
  • Increasing use of agrochemical in agricultural production
Pitfalls & Challenges:
  • Adverse health and environmental effects of biphenyl may hamper the industry growth

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Increasing individual spending on Skin Care Products Should Drive Market Growth from Coal Tar Type

Biphenyl Market by Coal Tar Type

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Global coal tar biphenyl segment is likely to grow over USD 140 million by the end of 2026 owing to increasing usage in pharmaceutical for preparation of drugs and other medication products. Thus, rising demand for dyes, and drugs compounds are one of the defining factors which supports the biphenyl market growth.

Coal tar is also used for medication as it cures many of the skin issues such as scaling and dryness. This has led to increasing demand for coal tar biphenyl in the pharmaceutical industry and supports the market growth. In addition to these, coal tar is used primarily to produce coal- tar products as well as refined chemicals like coal -tar pitch and creosote. These listed factors are propelling the biphenyl market revenue and anticipated to remain significant over the forecast period.

Increasing Awareness Towards Energy Conservation Should Propel Biphenyl Market Growth from Heat Transfer Fluids Application

Biphenyl Market by Application

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Global biphenyl market from heat transfer application is likely to surpass by USD 120 million by the end of 2026 owing to increasing awareness towards energy conservation along with high demand in oil & gas, chemical and renewable energy industries. Furthermore, biphenyl is used as a raw material to produce polychlorinated biphenyls, which find growing adoption as heat transfer agents and dielectric fluids. Thereby, it has massive demand in commercial and industrial sector.

In commercial sector polychlorinated biphenyl is has wide array of application which includes transformers and capacitors, electrical equipment including voltage regulators, switches, re-closers, bushings, and electromagnets. Additionally, the increasing use of heat transfer fluids in various applications in the oil & gas industry such as hydrocarbon processing, natural gas processing, refining, and asphalt processing & storage may raise the product demand from the oil & gas sector. These listed factors have shown optimistic growth impact on the biphenyl market share from heat transfer fluids application.

Substantial Demand for Electronic Devices in North America Region Is Supporting Market Growth 

Biphenyl Market by Region

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North America should exceed USD 105 Million by 2026 owing to increasing demand for electronic products such as cell phones, cell phones, cameras, wireless routers, and speakers are witnessing favourable condition for market growth. As, biphenyl is used in electronic devices  owing to its high thermal properties. Furthermore, the increasing application of chemical intermediates in various end use industries such as oil & gas, chemical, automotive is one of  the significant reasons which supports the biphenyl market growth.

The steadily growing demand for production of optical brighteners and usage of biphenyl as an intermediate in precursors for manufacturing of benzidine is also creating lucrative growth opportunities in North America. However, the usage of biphenyl as preservatives for citrus fruits, has been recently restricted in the US. Moreover, the increasing usage of biphenyl to produce emulsifiers is witnessing favourable growth to the market in the region and anticipated to remain significant over the forecast period.

Unique product launches and research & development activities to be key business strategies Incorporated by manufacturers

Global biphenyl industry is fragmented, and key players include Thermo Fisher Scientific, Sigma Aldrich, Tokyo Chemical Industry Co., Ltd., Santa Cruz Biotechnology, Clearsynth, Lanxess AG, Biosynth Carbosynth, ABCR GmbH, AK Scientific, Inc., AA Blocks, Alfa Chemistry, 3B Scientific (Wuhan) Corporation Ltd., Sinfoo Biotech, Oakwood Chemical, Angene International Limited, King Scientific, Haihang Group, Spectrum Chemical Mfg. Corp., Dayang Chem (Hangzhou) Co., Ltd., Central Drug House (P) Ltd., Loba Chemie, Eastman Chemical Company, Debye Scientific Co., Ltd., Matrix Scientific, Win Win Chemical, Life Chemicals, MuseChem, Aozeal Certified Standards, LGC Standards (part of LGC Group), Hangzhou Keying Chem Co., Ltd., Xingrui Industry Co., Ltd., and Anward.

Moreover, other small manufacturers are also showing keen interest in the market owing to its wide array of application in many of the end use industry such as textile, food & beverage, and chemical. In addition, manufacturers are also engaged in several activities to strengthen its position in the biphenyl market.

In December 2020, Merck, the parent company of Sigma Aldrich announced a total investment of USD 48.69 million at its production facilities in the U.S (Danvers, Massachusetts, and Jaffrey, New Hampshire). This initiative is aimed at broadening the company’s manufacturing footprint. It will also create nearly 700 new manufacturing positions.

In September 2020, Biosynth Carbosynth expanded its synthesis capability by opening new laboratories in U.K. This initiative is aimed at increasing the company’s capacity to synthesize complex molecules and fine chemicals and hence serve its customers more efficiently. 

In September 2017, Spectrum Chemical Mfg Corp announced its U.S distribution agreement with Cole-Parmer. This strategic initiative adds laboratory instrument expertise to the product portfolio and enhances the brand strength of the company.

Biphenyl Market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume (Thousand Units) and revenue in USD Thousand from 2015 to 2026 for the following segments:

By Type

  • Crude Oil Biphenyl
  • Coal Tar Biphenyl
  • Natural Gas Biphenyl

By Application

  • Dyestuff Carrier for Textiles
  • Food & Beverages
  • Fungicide
  • Heat Transfer Fluids
  • Chemical Intermediate
  • Solvent for Pharmaceutical Production

The above information has been provided for the following regions:

By Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Russia
    • Spain
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Australia
    • Malaysia
  • Latin America
    • Brazil
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • South Africa


Frequently Asked Questions (FAQ) :

The global market for biphenyl was more than USD 225 million in 2019 and will record over 7% CAGR up to 2026 with growing use of the compound as a chemical intermediate and solvent.
The biphenyl industry share from the food & beverage sector will reach USD 11.5 million by 2026 owing to the demand for preservatives and antioxidants in food products.
Global coal tar biphenyl market size is expected to cross USD 140 million by 2026 with a growing demand across pharmaceutical applications to produce drugs and other products.
The North America market for biphenyl is projected to surpass USD 105 million by 2026 due to its use in electronics for its high thermal properties.

Premium Report Details

  • Published Date: Jan 2021
  • Pages: 215
  • Tables: 162
  • Charts / Figures: 20
  • Companies covered: 32
  • Countries covered: 5

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