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Biphenyl Market Share

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

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.

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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