Product Code: ETC13248044 | Publication Date: Apr 2025 | Updated Date: Jul 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | Author: Bhawna Singh | No. of Pages: 190 | No. of Figures: 80 | No. of Tables: 40 |
According to 6Wresearch internal database and industry insights, the Global Biphenyl Market was valued at USD 1.3 Billion in 2024 and is expected to reach USD 2 Billion by 2031, growing at a compound annual growth rate of 7.60% during the forecast period (2025-2031).
The global biphenyl market is experiencing steady growth, driven by its versatile applications in various industries such as pharmaceuticals, agrochemicals, and electronics. Biphenyl is widely used as a raw material in the production of heat transfer fluids, optical brighteners, and fragrances. The pharmaceutical sector, in particular, is a major consumer of biphenyl due to its usage in the manufacturing of drugs and active pharmaceutical ingredients. Additionally, the rising demand for electronics and plastics in emerging economies is further fueling the market growth. Key players in the global biphenyl market are focusing on research and development activities to introduce innovative products and expand their market presence. However, environmental regulations regarding the use of biphenyl may pose challenges to market growth in the future.
The Global Biphenyl Market is experiencing growth due to its diverse range of applications across various industries such as pharmaceuticals, chemicals, and electronics. The increasing demand for biphenyl in the production of pesticides, fragrances, and LCD screens is a key driver of market growth. Additionally, the rising adoption of biphenyl as a heat transfer medium in industrial processes and as a raw material for manufacturing dyes and pigments presents lucrative opportunities for market expansion. Technological advancements in production processes and the growing focus on sustainable practices are further shaping the market landscape. Key players are focusing on strategic collaborations and product innovations to capitalize on these trends and strengthen their market presence.
The Global Biphenyl Market faces several challenges such as stringent regulations imposed by governments on its usage due to environmental concerns, which can hinder market growth. Fluctuating prices of raw materials used in biphenyl production also pose a challenge, impacting the overall cost structure for manufacturers. Additionally, the availability of alternative compounds with similar properties and lower costs presents a competitive threat to the biphenyl market. Furthermore, the limited application areas of biphenyl in industries such as pharmaceuticals, electronics, and agriculture restrict its market expansion potential. To overcome these challenges, market players need to focus on product innovation, sustainable manufacturing practices, and exploring new application areas for biphenyl to maintain a competitive edge in the global market.
The Global Biphenyl Market is primarily driven by the increasing demand for biphenyl in the production of various chemicals such as pesticides, pharmaceuticals, and fragrances. Biphenyl is utilized as a key raw material in the manufacturing of these products, driving its demand in the market. Additionally, the growth of end-use industries such as agriculture, healthcare, and cosmetics is further propelling the demand for biphenyl. Moreover, the expanding electronics and automotive sectors are also contributing to the market growth, as biphenyl is used in the production of heat transfer fluids and as a stabilizer in electronic materials. The market is also influenced by factors such as technological advancements, regulatory policies, and the focus on sustainable practices driving the adoption of bio-based biphenyl alternatives.
Government policies related to the Global Biphenyl Market primarily focus on regulatory measures to control its production, usage, and disposal due to its environmental and health risks. These policies typically involve setting limits on biphenyl emissions, monitoring its presence in products, and enforcing safe handling practices. Additionally, some governments may provide incentives or subsidies to promote the development and adoption of alternative chemicals that are less harmful. Compliance with these policies is crucial for businesses operating in the biphenyl market to avoid penalties and maintain a positive reputation in terms of sustainability and corporate responsibility. Overall, government regulations play a significant role in shaping the dynamics of the global biphenyl market and driving towards safer and more sustainable practices.
The Global Biphenyl Market is anticipated to witness steady growth in the coming years due to increasing demand from various end-use industries such as pharmaceuticals, agrochemicals, and electronics. Factors such as the growing population, urbanization, and industrialization are expected to drive the market growth. Additionally, the rising focus on sustainable practices and the shift towards eco-friendly alternatives in manufacturing processes are likely to create opportunities for market expansion. However, challenges such as stringent regulations and volatility in raw material prices may hinder market growth to some extent. Overall, the Global Biphenyl Market is projected to experience moderate growth over the forecast period, with key players focusing on innovation, product development, and strategic partnerships to maintain their competitive edge in the market.
In the global biphenyl market, Asia leads in terms of production and consumption due to the presence of key manufacturing hubs in countries like China, Japan, and India. North America and Europe follow closely behind, with a strong demand for biphenyl in various industries such as pharmaceuticals, electronics, and agriculture. The Middle East and Africa region is also witnessing growth in the biphenyl market, driven by increasing industrial activities and investments in the region. In Latin America, the market for biphenyl is expanding steadily, supported by the growth of end-use industries and investments in infrastructure development. Overall, the global biphenyl market is expected to witness steady growth across all regions, with Asia remaining a key player in the market landscape.
Global Biphenyl Market |
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Global Biphenyl Market Overview |
3.1 Global Regional Macro Economic Indicators |
3.2 Global Biphenyl Market Revenues & Volume, 2021 & 2031F |
3.3 Global Biphenyl Market - Industry Life Cycle |
3.4 Global Biphenyl Market - Porter's Five Forces |
3.5 Global Biphenyl Market Revenues & Volume Share, By Regions, 2021 & 2031F |
3.6 Global Biphenyl Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.7 Global Biphenyl Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Global Biphenyl Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Global Biphenyl Market Trends |
6 Global Biphenyl Market, 2021 - 2031 |
6.1 Global Biphenyl Market, Revenues & Volume, By Type, 2021 - 2031 |
6.1.1 Overview & Analysis |
6.1.2 Global Biphenyl Market, Revenues & Volume, By Crude Oil Biphenyl, 2021 - 2031 |
6.1.3 Global Biphenyl Market, Revenues & Volume, By Coal Tar Biphenyl, 2021 - 2031 |
6.1.4 Global Biphenyl Market, Revenues & Volume, By Natural Gas Biphenyl, 2021 - 2031 |
6.2 Global Biphenyl Market, Revenues & Volume, By Application, 2021 - 2031 |
6.2.1 Overview & Analysis |
6.2.2 Global Biphenyl Market, Revenues & Volume, By Dyestuff Carrier for Textiles, 2021 - 2031 |
6.2.3 Global Biphenyl Market, Revenues & Volume, By Food & Beverages, 2021 - 2031 |
6.2.4 Global Biphenyl Market, Revenues & Volume, By Fungicide, 2021 - 2031 |
6.2.5 Global Biphenyl Market, Revenues & Volume, By Heat Transfer Fluids, 2021 - 2031 |
6.2.6 Global Biphenyl Market, Revenues & Volume, By Chemicals Intermediate, 2021 - 2031 |
6.2.7 Global Biphenyl Market, Revenues & Volume, By Solvents for Pharmaceutical Production, 2021 - 2031 |
6.3.1 Overview & Analysis |
7 North America Biphenyl Market, Overview & Analysis |
7.1 North America Biphenyl Market Revenues & Volume, 2021 - 2031 |
7.2 North America Biphenyl Market, Revenues & Volume, By Countries, 2021 - 2031 |
7.2.1 United States (US) Biphenyl Market, Revenues & Volume, 2021 - 2031 |
7.2.2 Canada Biphenyl Market, Revenues & Volume, 2021 - 2031 |
7.2.3 Rest of North America Biphenyl Market, Revenues & Volume, 2021 - 2031 |
7.3 North America Biphenyl Market, Revenues & Volume, By Type, 2021 - 2031 |
7.4 North America Biphenyl Market, Revenues & Volume, By Application, 2021 - 2031 |
8 Latin America (LATAM) Biphenyl Market, Overview & Analysis |
8.1 Latin America (LATAM) Biphenyl Market Revenues & Volume, 2021 - 2031 |
8.2 Latin America (LATAM) Biphenyl Market, Revenues & Volume, By Countries, 2021 - 2031 |
8.2.1 Brazil Biphenyl Market, Revenues & Volume, 2021 - 2031 |
8.2.2 Mexico Biphenyl Market, Revenues & Volume, 2021 - 2031 |
8.2.3 Argentina Biphenyl Market, Revenues & Volume, 2021 - 2031 |
8.2.4 Rest of LATAM Biphenyl Market, Revenues & Volume, 2021 - 2031 |
8.3 Latin America (LATAM) Biphenyl Market, Revenues & Volume, By Type, 2021 - 2031 |
8.4 Latin America (LATAM) Biphenyl Market, Revenues & Volume, By Application, 2021 - 2031 |
9 Asia Biphenyl Market, Overview & Analysis |
9.1 Asia Biphenyl Market Revenues & Volume, 2021 - 2031 |
9.2 Asia Biphenyl Market, Revenues & Volume, By Countries, 2021 - 2031 |
9.2.1 India Biphenyl Market, Revenues & Volume, 2021 - 2031 |
9.2.2 China Biphenyl Market, Revenues & Volume, 2021 - 2031 |
9.2.3 Japan Biphenyl Market, Revenues & Volume, 2021 - 2031 |
9.2.4 Rest of Asia Biphenyl Market, Revenues & Volume, 2021 - 2031 |
9.3 Asia Biphenyl Market, Revenues & Volume, By Type, 2021 - 2031 |
9.4 Asia Biphenyl Market, Revenues & Volume, By Application, 2021 - 2031 |
10 Africa Biphenyl Market, Overview & Analysis |
10.1 Africa Biphenyl Market Revenues & Volume, 2021 - 2031 |
10.2 Africa Biphenyl Market, Revenues & Volume, By Countries, 2021 - 2031 |
10.2.1 South Africa Biphenyl Market, Revenues & Volume, 2021 - 2031 |
10.2.2 Egypt Biphenyl Market, Revenues & Volume, 2021 - 2031 |
10.2.3 Nigeria Biphenyl Market, Revenues & Volume, 2021 - 2031 |
10.2.4 Rest of Africa Biphenyl Market, Revenues & Volume, 2021 - 2031 |
10.3 Africa Biphenyl Market, Revenues & Volume, By Type, 2021 - 2031 |
10.4 Africa Biphenyl Market, Revenues & Volume, By Application, 2021 - 2031 |
11 Europe Biphenyl Market, Overview & Analysis |
11.1 Europe Biphenyl Market Revenues & Volume, 2021 - 2031 |
11.2 Europe Biphenyl Market, Revenues & Volume, By Countries, 2021 - 2031 |
11.2.1 United Kingdom Biphenyl Market, Revenues & Volume, 2021 - 2031 |
11.2.2 Germany Biphenyl Market, Revenues & Volume, 2021 - 2031 |
11.2.3 France Biphenyl Market, Revenues & Volume, 2021 - 2031 |
11.2.4 Rest of Europe Biphenyl Market, Revenues & Volume, 2021 - 2031 |
11.3 Europe Biphenyl Market, Revenues & Volume, By Type, 2021 - 2031 |
11.4 Europe Biphenyl Market, Revenues & Volume, By Application, 2021 - 2031 |
12 Middle East Biphenyl Market, Overview & Analysis |
12.1 Middle East Biphenyl Market Revenues & Volume, 2021 - 2031 |
12.2 Middle East Biphenyl Market, Revenues & Volume, By Countries, 2021 - 2031 |
12.2.1 Saudi Arabia Biphenyl Market, Revenues & Volume, 2021 - 2031 |
12.2.2 UAE Biphenyl Market, Revenues & Volume, 2021 - 2031 |
12.2.3 Turkey Biphenyl Market, Revenues & Volume, 2021 - 2031 |
12.3 Middle East Biphenyl Market, Revenues & Volume, By Type, 2021 - 2031 |
12.4 Middle East Biphenyl Market, Revenues & Volume, By Application, 2021 - 2031 |
13 Global Biphenyl Market Key Performance Indicators |
14 Global Biphenyl Market - Export/Import By Countries Assessment |
15 Global Biphenyl Market - Opportunity Assessment |
15.1 Global Biphenyl Market Opportunity Assessment, By Countries, 2021 & 2031F |
15.2 Global Biphenyl Market Opportunity Assessment, By Type, 2021 & 2031F |
15.3 Global Biphenyl Market Opportunity Assessment, By Application, 2021 & 2031F |
16 Global Biphenyl Market - Competitive Landscape |
16.1 Global Biphenyl Market Revenue Share, By Companies, 2024 |
16.2 Global Biphenyl Market Competitive Benchmarking, By Operating and Technical Parameters |
17 Top 10 Company Profiles |
18 Recommendations |
19 Disclaimer |