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Biphenyl Market Size
- 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 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.
| Report Attribute | Details |
|---|---|
| Base Year: | 2020 |
| Biphenyl Market Size in 2020: | 225 Million (USD) |
| Forecast Period: | 2021 to 2027 |
| Forecast Period 2021 to 2027 CAGR: | 7% |
| 2027 Value Projection: | 345 Million (USD) |
| Historical Data for: | 2016 to 2020 |
| No. of Pages: | 260 |
| Tables, Charts & Figures: | 225 |
| Segments covered: | Source, Application |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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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.
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Biphenyl Market Scope
