The global biphenyl market revenue was around US$ 1.29 billion in 2022 and is estimated to reach US$ 1.96 billion by 2031, growing at a compound annual growth rate (CAGR) of 4.8% during the forecast period from 2023 to 2031.
Biphenyl is a transparent and colorless organic compound that possesses antimicrobial and antifungal properties. It is broadly utilized as a heat transfer medium and in the organic synthesis of various organic chemicals. Additionally, it serves as an ideal dye carrier in the textile industry that aids in dispersing dyes to enter the polyester polymers and improves the overall fabric quality.
Market Driving Factors
The increasing pharmaceutical sector is estimated to propel the market growth. Biphenyl is broadly utilized in the pharmaceutical industry for drug and medicine production. As a result, the surging prevalence of chronic diseases and the development of cutting-edge treatment options are increasing the demand for biphenyl in this sector.
Continuing research and development activities in the field of biphenyl production and utilization can lead to technological advances and the introduction of new applications. As a result, manufacturers can capitalize on these innovations to extend their product portfolios and achieve a competitive benefit. Thus, this factor creates opportunities in the market.
The increasing awareness about sustainability and the requirement for eco-friendly materials present possibilities for manufacturers to develop and market environmentally friendly biphenyl derivatives. This can assist in meeting the demand for sustainable options and cater to the evolving market trends.
Biphenyl is controlled by strict environmental rules because of its potential harm to both the environment and human health. Market participants may face difficulties adhering to these regulations. Thus, this factor hampers the market.
Regional Analysis
Asia-Pacific dominated the market in terms of the growth rate and is estimated to maintain its dominance over the forecast period. This can be attributed to the proliferating demand for biphenyl from different end-use sectors such as agriculture, textile, chemical manufacturing, food & beverage, and others which in turn have led the biphenyl manufacturers to raise their production capacities. Furthermore, surge in agricultural exports where biphenyl is widely utilized as a fungicide to resist the various pathogens growth.
North America dominates the market in terms of the growth rate. This is due to the increasing demand for electronic devices such as wireless routers, cell phones, cameras, and speakers, which are experiencing favorable market conditions. Furthermore, biphenyl is utilized in electronic equipment due to its strong thermal characteristics. Moreover, the surging use of chemical intermediates in several end-use sectors such as chemical, oil & gas, and automotive.
Segmentation Insights
Source Insight
The coal tar segment dominated the market in terms of the largest revenue. This can be primarily attributed to the rising demand for coal tar-sourced biphenyl in pharmaceuticals for medicines production that can cure a variety of skin problems.
Application Insight
The dye carrier segment dominates the market in terms of revenue. This is mainly due to factors such as an increase in disposable income, the surge in fashion consciousness, and the adoption of Western culture has led to an increase in the number of potential premium textile buyers, which led textile manufacturers to concentrate on fabric quality. In addition, biphenyl acts as a perfect dye carrier that helps disperse dyes to enter polyester polymers and improve the overall fabric quality. This element has led textile manufacturers to become linear towards utilizing biphenyl for dye carrier applications.
The chemicals intermediate segment dominates the market in terms of the highest growth rate during the projection period. This is due to its surging use as an intermediate in the emulsifier production. Biphenyl is also thickening in printing carriers and is a precursor in benzidine production. As a result, numerous end-use manufacturing sectors are witnessing an increase in demand for biphenyl as a chemical intermediate.
The food & beverage segment is estimated to dominate the market in terms of revenue. Biphenyl is utilized as a preservative ingredient and antioxidant in food products to maintain the flavor and quality of products. It prevents oxidation and free radical formation in foods and is extensively utilized to preserve the freshness of packaged food products.
Prominent Companies
Segmentation Outline
The global biphenyl market segmentation focuses on the Source, Application, and Region.
By Source
By Application
By Region
[TABLE OF CONTENTS]
1 INTRODUCTION OF GLOBAL BIPHENYL MARKET
1.1 OVERVIEW OF THE MARKET
1.2 SCOPE OF REPORT
1.3 ASSUMPTIONS
2 EXECUTIVE SUMMARY: BIPHENYL MARKET
3 RESEARCH METHODOLOGY
3.1 DATA MINING
3.2 VALIDATION
3.3 PRIMARY INTERVIEWS
3.4 LIST OF DATA SOURCES
3.5 ANALYST TOOLS AND MODELS
4 GLOBAL BIPHENYL MARKET OUTLOOK
4.1 OVERVIEW
4.2 MARKET DYNAMICS AND TRENDS
4.2.1 DRIVERS
4.2.2 RESTRAINTS
4.2.3 OPPORTUNITIES
4.3 PORTERS FIVE FORCE ANALYSIS
4.4 VALUE CHAIN ANALYSIS
4.5 MARKET GROWTH AND OUTLOOK
4.5.1 PRICE TREND ANALYSIS
4.5.2 OPPORTUNITY SHARE
5 GLOBAL BIPHENYL MARKET, BY SOURCE
5.1 OVERVIEW
5.2 CRUDE OIL
5.3 COAL TAR
5.4 NATURAL GAS
6 GLOBAL BIPHENYL MARKET, BY APPLICATION
6.1 OVERVIEW
6.2 PHARMACEUTICALS SOLVENT
6.3 DYE CARRIER
6.4 FOOD AND BEVERAGES
6.5 CHEMICAL INTERMEDIATES
6.6 OTHERS
7 GLOBAL BIPHENYL MARKET, BY GEOGRAPHY
7.1 OVERVIEW
7.2 NORTH AMERICA
7.2.1 NORTH AMERICA MARKET SNAPSHOT
7.2.2 U.S.
7.2.3 CANADA
7.2.4 MEXICO
7.3 EUROPE
7.3.1 EUROPE MARKET SNAPSHOT
7.3.2 WESTERN EUROPE
7.3.2.1 THE UK
7.3.2.2 GERMANY
7.3.2.3 FRANCE
7.3.2.4 ITALY
7.3.2.5 SPAIN
7.3.2.6 REST OF WESTERN EUROPE
7.3.3 EASTERN EUROPE
7.3.3.1 POLAND
7.3.3.2 RUSSIA
7.3.3.3 REST OF EASTERN EUROPE
7.4 ASIA PACIFIC
7.4.1 ASIA PACIFIC MARKET SNAPSHOT
7.4.2 CHINA
7.4.3 JAPAN
7.4.4 INDIA
7.4.5 AUSTRALIA & NEW ZEALAND
7.4.6 ASEAN
7.4.7 REST OF ASIA PACIFIC
7.5 MIDDLE EAST & AFRICA
7.5.1 MIDDLE EAST & AFRICA MARKET SNAPSHOT
7.5.2 UAE
7.5.3 SAUDI ARABIA
7.5.4 SOUTH AFRICA
7.5.5 REST OF MEA
7.6 SOUTH AMERICA
7.6.1 SOUTH AMERICA MARKET SNAPSHOT
7.6.2 BRAZIL
7.6.3 ARGENTINA
7.6.4 REST OF SOUTH AMERICA
8 GLOBAL BIPHENYL MARKET COMPETITIVE LANDSCAPE
8.1 OVERVIEW
8.2 COMPANY MARKET RANKING
8.3 KEY DEVELOPMENT STRATEGIES
8.4 COMPETITIVE DASHBOARD
8.5 PRODUCT MAPPING
8.6 TOP PLAYER POSITIONING, 2022
8.7 COMPETITIVE HEATMAP
8.8 TOP WINNING STRATEGIES
9 COMPANY PROFILES
9.1 LANXESS AG
9.1.1 OVERVIEW
9.1.2 FINANCIAL PERFORMANCE
9.1.3 PRODUCT OUTLOOK
9.1.4 KEY DEVELOPMENTS
9.1.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
9.2 DAKEN CHEMICAL LIMITED
9.2.1 OVERVIEW
9.2.2 FINANCIAL PERFORMANCE
9.2.3 PRODUCT OUTLOOK
9.2.4 KEY DEVELOPMENTS
9.2.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
9.3 TCI AMERICA
9.3.1 OVERVIEW
9.3.2 FINANCIAL PERFORMANCE
9.3.3 PRODUCT OUTLOOK
9.3.4 KEY DEVELOPMENTS
9.3.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
9.4 MERCK KGAA
9.4.1 OVERVIEW
9.4.2 FINANCIAL PERFORMANCE
9.4.3 PRODUCT OUTLOOK
9.4.4 KEY DEVELOPMENTS
9.4.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
9.5 TAJ PHARMACEUTICALS LTD
9.5.1 OVERVIEW
9.5.2 FINANCIAL PERFORMANCE
9.5.3 PRODUCT OUTLOOK
9.5.4 KEY DEVELOPMENTS
9.5.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
9.6 ALFA AESAR
9.6.1 OVERVIEW
9.6.2 FINANCIAL PERFORMANCE
9.6.3 PRODUCT OUTLOOK
9.6.4 KEY DEVELOPMENTS
9.6.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
9.7 MAINCHEM
9.7.1 OVERVIEW
9.7.2 FINANCIAL PERFORMANCE
9.7.3 PRODUCT OUTLOOK
9.7.4 KEY DEVELOPMENTS
9.7.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
9.8 SPRINGCHEM NEW MATERIAL TECHNOLOGY CO. LIMITED
9.8.1 OVERVIEW
9.8.2 FINANCIAL PERFORMANCE
9.8.3 PRODUCT OUTLOOK
9.8.4 KEY DEVELOPMENTS
9.8.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
9.9 HENAN TIANFU CHEMICAL CO. LTD
9.9.1 OVERVIEW
9.9.2 FINANCIAL PERFORMANCE
9.9.3 PRODUCT OUTLOOK
9.9.4 KEY DEVELOPMENTS
9.9.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
9.10 EASTMAN CHEMICAL COMPANY
9.10.1 OVERVIEW
9.10.2 FINANCIAL PERFORMANCE
9.10.3 PRODUCT OUTLOOK
9.10.4 KEY DEVELOPMENTS
9.10.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
9.11 OAKWOOD PRODUCTS INC.
9.11.1 OVERVIEW
9.11.2 FINANCIAL PERFORMANCE
9.11.3 PRODUCT OUTLOOK
9.11.4 KEY DEVELOPMENTS
9.11.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
9.12 BIOSYNTH CARBOSYNTH
9.12.1 OVERVIEW
9.12.2 FINANCIAL PERFORMANCE
9.12.3 PRODUCT OUTLOOK
9.12.4 KEY DEVELOPMENTS
9.12.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
9.13 OTTO CHEMIE PVT LTD
9.13.1 OVERVIEW
9.13.2 FINANCIAL PERFORMANCE
9.13.3 PRODUCT OUTLOOK
9.13.4 KEY DEVELOPMENTS
9.13.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
9.14 ABACIPHARM CORPORATION
9.14.1 OVERVIEW
9.14.2 FINANCIAL PERFORMANCE
9.14.3 PRODUCT OUTLOOK
9.14.4 KEY DEVELOPMENTS
9.14.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
9.15 JIANGSU ZHONGNENG CHEMICAL TECHNOLOGY CO. LTD
9.15.1 OVERVIEW
9.15.2 FINANCIAL PERFORMANCE
9.15.3 PRODUCT OUTLOOK
9.15.4 KEY DEVELOPMENTS
9.15.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
01
お客様のニーズに合わせてレポートをカスタマイズ可能
02
ベテランの市場調査員による専門的な分析
03
安全で簡単に利用できるオンライン決済方法
04
お客様のご要望に応じて、特定の章を購入することができます。
05
すべてのレポートに専門的な日本語翻訳を提供
06
包括的でわかりやすいレポートを迅速にお届けします。
07
購入後も継続的なサポートとアップデートが受けられます。
We Accept
Copyright ©2022 All rights reserved