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Biphenyl Market Size - By Type (Crude Oil Biphenyl, Coal Tar Biphenyl, Natural Gas Biphenyl), Application (Dyestuff Carrier for Textiles, Food & Beverages, Fungicide, Heat Transfer Fluids, Chemicals Intermediate, Solvents for Pharmaceutical Production) & Forecast, 2021 - 2027

  • Report ID: GMI4889
  • Published Date: Jan 2022
  • Report Format: PDF

Biphenyl Market Size

Biphenyl Market size exceeded USD 225 million in 2020 and is estimated to grow at a CAGR of over 7% from 2021 to 2027 owing the growing trend of organic agriculture and sustainable farming along with the adoption of modern agricultural techniques. Biphenyl has widespread usage in various industries such as agriculture, pharmaceuticals, textiles, chemicals, and oil & gas.

biphenyl market outlook

Biphenyl is widely used as food preservative and flavoring agent in the food and beverage industry. Biphenyl and its derivatives are by-products of benzoic acid and sodium benzoate, which is used in the beverage industry. Since, sodium benzoate is widely used in the off-flavor soft drink, thus increasing demand for soft drinks by millennials is one of the significant reasons which supports the biphenyl market growth.

Moreover, biphenyl is also used as a flavoring agent or adjuvant. Adjuvant can be added to a vaccine to boost the immune response to produce more antibodies and longer-lasting immunity, thus minimizing the dose of antigen needed is one of the significant factors which attribute toward the biphenyl market growth. Also, fruit packaging is impregnated with biphenyl, which evaporates into the air space surrounding the fruit.

Impact of COVID-19 Pandemic

The outbreak of COVID-19 resulted in shutdown of various manufacturing plants for prolonged period, especially in Europe and Asia Pacific, due to which manufacturers are facing production losses. Also, the awareness regarding worker safety and security norms is posing additional challenges to resume normal operations by manufacturing industries.

The distributors of biphenyl products rely heavily on transportation rules and face issues in material handling & transport, resulting in supply shortages within a short to medium timeframe. The COVID-19 pandemic has reduced the crude oil prices owing to its low demand, therefore resulted in relative stability in the price of biphenyl during the covid-19 pandemic.

Acute exposure to high levels of biphenyl can cause eye & skin irritation and toxic effects on the liver, kidneys, and central & peripheral nervous systems. People are exposed to high levels of biphenyl face symptoms such as headache, gastrointestinal pain, nausea, indigestion, numbness & aching of limbs, and general fatigue. Therefore, these adverse health effects of biphenyl will hamper the industry growth. Also, government of different region has imposed various regulation and guideline on the application of biphenyl in different industries.

Additionally, biphenyl is also listed as a hazardous air pollutant under the Clean Air Act imposed by the U.S. EPA. These adverse health & environmental impacts of biphenyl will restrict its market growth to some extent during the forecast period. However, the extensive adoption and benefits of biphenyl should overcome these hindrances and fuel the market growth. Also, players in the market are adopting different strategies to reduce the environment impact and maintain sustainable production.

Biphenyl Market Analysis

coal biphenyl market outlook

Coal tar biphenyl show valued over USD 85 million in the year 2020 and is anticipated to show highest CAGR over 7.5% over the coming years. The rising demand for dyes, drugs, and other compounds is one of the defining factors supporting coal tar biphenyl market growth.  Biphenyl naturally occurs in coal tar, which has a wide array of applications in medicine, construction, and other industries. Coal tar is primarily used to produce refined chemicals and coal-tar products such as creosote & coal-tar pitch.

Coal tar is also used in medications as it cures many skin issues such as scaling and dryness. Coal tar belongs to a class of drugs known as keratoplastics. It causes the skin to shed dead cells from its top layer and slows down the growth of skin cells.

Additionally, it is a topical medication applied to skin to treat psoriasis and seborrheic dermatitis, resulted in growing demand for coal tar biphenyl in the pharmaceutical application and should support the biphenyl market growth.

 biphenyl market by chemicals intermediates application

Chemicals Intermediate application of biphenyl market is expected to show moderate growth and valued over USD 55 million and projected to reach over USD 85 million by 2027. Increasing usage of biphenyl as an intermediate to produce emulsifiers is driving the market growth of biphenyl. Additionally, biphenyl is used as a thickener in carriers for printing and as precursors in the manufacture of benzidine. This has led to an increase in the demand for biphenyl as chemicals intermediate in many of the end-use manufacturing industries.

Furthermore, biphenyl is used as an intermediate for crop production, supporting market growth. Also, the growing demand for non-agricultural pesticides and preservatives is also attributing toward the biphenyl market from chemical intermediate application and is projected to gain traction across the globe. Therefore, the growing chemical industry should support the growth of chemicals intermediate and drive the demand for biphenyl over the coming years.

 biphenyl market by region

Asia Pacific biphenyl market surpassed USD 34.50 million in 2020 with the CAGR over 11.5 through 2027. In the past few years, biphenyl has witnessed a positive trend as preservatives & flavoring agents in the food industry. Moreover, growth in the agricultural sector is likely to boost the biphenyl demand for its usage as active ingredients to control plant pests.

Moreover, In Asia Pacific, especially in China and India, the biphenyl market is anticipated to grow as dye stuff carrier for textiles owing to the increasing demand for apparels, particularly through e-commerce portals. The rising disposable income and changing perceptions of dermatological aspects of skin care are also one of the factors support the biphenyl market growth in the Asia Pacific region.

Biphenyl Market Share

Global biphenyl industry is fragmented in nature owing to presence of numerous industrial players. Moreover, there is continuous entering of new players in the market as biphenyl has wide application in different industries. Thermo Fisher Scientific, Lanxess AG, Eastman Chemical Company, LGC Standards and Sigma Aldrich are some of the players in the market holding lucrative share. The top players in the market collectively accounted for over 30% of the market share in 2020. Players in the market are engaged in expansion of production capacity and expansion of manufacturing units to cater to the increasing product demand.

Some of the players in Biphenyl Market are: 

  • Thermo Fisher Scientific
  • Merck KgaA
  • Tokyo Chemical Industry Co., Ltd
  • Santa Cruz Biotechnology
  • Clearsynth Labs
  • Lanxess AG
  • Biosynth Carbosynth
  • ABCR GmbH
  • AK Scientific, Inc
  • AA Blocks
  • Alfa Chemistry
  • 3B Scientific (Wuhan) Corporation Ltd
  • Sinfoo Biotech
  • Oakwood Chemical
  • Angene International Ltd
  • 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
  • Zhongneng Chemical
  • Dalian Richfortune Chemicals Co Ltd
  • Taj Pharmaceuticals Ltd
  • Anward

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 and will also create nearly 700 new manufacturing positions.

In February 2021, Biosynth Carbosynth opened a new warehouse in Slovakia, as a part of the European distribution hub. The strategic initiative of the company was aimed to increase the company’s warehousing capabilities and cater the growing market demand for specialty chemicals and make the available at large extend.

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 around the globe.

The biphenyl market report includes in-depth coverage of the industry with estimates & forecast in terms of volume (Kilo Tons) and revenue in USD (Million) from 2021 to 2027 for the following segments:

By Source

  • 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

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


Authors: Kunal Ahuja, Sarita Bayas

Frequently Asked Questions (FAQ) :

The global biphenyl market is slated to surpass USD 345 million by 2027 and is anticipated to register over 7% CAGR during the forecast timeline of 2021-2027.

The global industry size from coal tar biphenyl may register a robust CAGR of over 7.5% through 2027 as the compound is being widely used in medicines that can cure various skin issues, such as scaling, dryness, psoriasis, and seborrheic dermatitis.

The chemical intermediate applications are predicted to cross $85 million in value in the global biphenyl market by 2027 as biphenyl is being increasingly used as an intermediate to produce emulsifiers and is also utilized as a precursor to manufacture benzidine.

Asia Pacific biphenyl market value surpassed $34.5 million in 2020 and is estimated to record over 11.5% CAGR through 2027 as the chemical compound is being heavily utilized as a preservative and flavoring agent in the food & beverage sector.

Biphenyl Market Scope

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Premium Report Details

  • Base Year: 2020
  • Companies covered: 35
  • Tables & Figures: 225
  • Countries covered: 19
  • Pages: 260
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