The global demand for Biphenyl Market is presumed to reach the market size of nearly USD 498.13 MN by 2030 from USD 265.17 MN in 2022 with a CAGR of 8.2% under the study period 2023 - 2030.
Biphenyl is composed of two connected benzene rings. Each benzene ring consists of six carbon atoms arranged in a hexagonal ring, and the two rings in biphenyl are linked by a single bond. Its molecular formula is C12H10, and its structure is often represented as two interconnected hexagonal rings.
Market Dynamics
In pharmaceuticals, biphenyl and its derivatives play a pivotal role as intermediates in organic synthesis and drug manufacturing. Its use extends to the production of heat transfer fluids, meeting the demands of industries engaged in heat exchange processes. Biphenyl's involvement in plastics, polymers, and electronics, particularly in the manufacturing of liquid crystal displays, contributes to its market growth. Ongoing research and development activities in organic chemistry further fuel the demand for biphenyl as a versatile building block for innovative compounds and materials. Regulatory compliance and environmental considerations shape the market, influencing the development of environmentally friendly processes. As global industrialization continues, the overall demand for chemicals, including biphenyl, rises, reflecting its significance in various industrial applications. The market dynamics are dynamic, driven by a combination of technological advancements, regulatory standards, and the evolving needs of diverse industries.
The research report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of biphenyl. The growth and trends of biphenyl industry provide a holistic approach to this study.
Market Segmentation
This section of the biphenyl market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
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
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Biphenyl market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Biphenyl Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the Biphenyl market include 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. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
In case you have any custom requirements, do write to us. Our research team can offer a customized report as per your need.