Biphenyl Market Growth Analysis | 2021-2026

Market Insights

"The biphenyl market is likely to grow at a CAGR of 7.5% during the forecast period of 2021-2026".

Want to know more about the market scope? Register Here

Market Dynamics

Introduction

Biphenyl is mostly used as an agricultural fungicide. It is employed in a variety of commercial applications, including heat transfer in fluids. As an antifungal agrochemical and antimicrobial food preservative, it is extremely important.

Furthermore, due to its aromatic properties, biphenyl is used as a fragrance chemical in medicines, polymer manufacture, flame retardant chemicals, and other applications.

Market Drivers

The rapid growth of the chemical industry together with growing product usage as an intermediate and solvent is likely to have a promising impact on the growth of the market during the forecast period.

Furthermore, the surge in the production of organic chemicals for use in different reactions being carried out in chemical industries such as alkylation, bromination, and chiral chemical processes, is expected to elevate the demand for biphenyl as a chemical intermediate and should promote the market for biphenyl.

Segments Analysis

By Source Type

"The coal tar biphenyl segment is likely to lead the market during the forecast period".

• The market is segmented as crude oil biphenyl, coal tar biphenyl, and natural gas biphenyl.
• The coal tar biphenyl segment is likely to lead the market during the forecast period, owing to the increasing usage in pharmaceuticals for the preparation of drugs and other medication products. Thus, the growing demand for dyes and drug compounds is one of the major factors that strongly support the growth of the market for biphenyl.

By Application Type

"The food & beverage segment is expected to dominate the market over the forecast period".

• The market is segmented as a dyestuff carrier for textiles, food & beverages, fungicides, heat transfer fluids, chemicals intermediate, and solvents for pharmaceutical production.
• The food & beverage segment is expected to dominate the market over the forecast period as biphenyl is used as a preservative ingredient and antioxidants in food products to preserve the flavor and quality of products. It prevents oxidation and formation of free radicals in foods and is extensively used to preserve the freshness of packaged food products.

Regional Analysis

"North America is the vanguard owing to the growing demand for electronic devices such as cell phones, cameras, wireless routers, and speakers, which are experiencing favorable market conditions".

• Furthermore, on account of its strong thermal characteristics, biphenyl is employed in electronic equipment. Also, one of the major factors driving the growth of the market for biphenyl is the increasing use of chemical intermediates in various end-use sectors such as oil & gas, chemical, and automotive.

Know the high-growth countries in this report. Register Here

Key Players

The following are the key players in the Biphenyl Market (arranged alphabetically).

• 3B Scientific (Wuhan) Corporation Ltd.
• AA Blocks
• ABCR GmbH
• AK Scientific, Inc.
• Alfa Chemistry
• Angene International Limited
• Biosynth Carbosynth
• Clearsynth
• Haihang Group
• King Scientific
• Lanxess AG
• Oakwood Chemical
• Santa Cruz Biotechnology
• Sigma Aldrich
• Sinfoo Biotech
• Spectrum Chemical Mfg. Corp.
• Thermo Fisher Scientific
• Tokyo Chemical Industry Co., Ltd.

Note: The above list does not necessarily include all the top players in the market.

Are you the leading player in this market? We would love to include your name. Write to us at [email protected]

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

What Deliverables Will You Get in this Report?

Research Methodology

• This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
• More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data.
• We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.

Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Market Segmentation

• Current market segmentation by any one of the source types by application type.

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to [email protected].