Home > Chemicals & Materials > Specialty Chemicals > Custom Synthesis > Biphenyl Market
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:
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.