Biphenyl Market Size, Share, and Outlook, 2025 Report- By Source (Crude Oil, Coal Tar, Natural Gas), By Application (Pharmaceuticals Solvent, Chemical Intermediates, Food and Beverages, Dye Carrier, Others), 2018-2032

Biphenyl Market Outlook

Biphenyl Market Size is forecast to reach $3.1 Billion in 2032 from $2 Billion in 2025, at an optimistic growth rate of 6.5% from 2025 to 2032. The robust Biphenyl Market growth presents potential growth opportunities for companies across the industry value chain.

The comprehensive market research report presents 12-year historic and forecast data on Biphenyl Market segments across 22 countries from 2021 to 2032. Key segments in the report include By Source (Crude Oil, Coal Tar, Natural Gas), By Application (Pharmaceuticals Solvent, Chemical Intermediates, Food and Beverages, Dye Carrier, Others). Over 70 tables and charts showcase findings from our latest survey report on Biphenyl Markets.

Biphenyl Market Insights, 2025: Biphenyl Market – Key Drivers and Opportunities

The biphenyl market is an essential sector within the specialty chemicals industry, with applications spanning across the pharmaceutical, chemical manufacturing, and plastics sectors. Biphenyl, a simple aromatic hydrocarbon compound, is used as a solvent, intermediate in the production of phenolic compounds, and in the manufacturing of pesticides and pharmaceuticals. Its market growth is driven by various industrial needs and technological advancements in the chemical sector.

One of the main drivers of the biphenyl market is the increasing demand for aromatic solvents in chemical production. Biphenyl is widely used in heat transfer fluids, especially in industries requiring high thermal conductivity and stability. Biphenyl-based heat transfer fluids are used in solar power stations, petrochemical plants, and other energy applications. As industries such as renewable energy and petrochemical processing continue to grow, the demand for biphenyl in these applications is likely to rise.

Additionally, the biphenyl market benefits from its use as an intermediate in manufacturing high-value chemical products. For instance, biphenyl is used in the production of diphenyl oxide, which is utilized in plastics, paints, and coatings. Furthermore, it plays a role in the creation of pharmaceutical intermediates. As demand for pharmaceuticals increases, especially in emerging economies, biphenyl's position as an essential compound in the synthesis of active ingredients supports its market growth.

Opportunities in the biphenyl market include expanding applications in the electronics and pharmaceuticals industries. The growth of the electronics market, especially in high-performance liquid crystal displays (LCDs) and optoelectronics, has the potential to increase the demand for biphenyl as a solvent. Further, biphenyl’s role as an intermediate in drug development and chemical synthesis continues to open up significant avenues for market growth, especially with the growing global demand for specialty chemicals in the pharmaceutical sector.

Five Trends that will define global Biphenyl Market in 2025 and Beyond

A closer look at the multi-million global market for Biphenyl Market identifies rapidly shifting consumer preferences across categories. By focusing on growth and resilience, leading Biphenyl Companies are prioritizing their investments across categories, markets, and geographies. The report analyses the most important market trends shaping the new landscape to support better decisions for the long and short-term future.

What are the biggest opportunities for growth in the Biphenyl Industry?

The Biphenyl Market sector demonstrated remarkable resilience over the past year across developed and developing economies. Further, the market presents significant opportunities to leverage the existing momentum towards actions by 2032. On the other hand, recent macroeconomic developments including rising inflation and supply chain disruptions are putting pressure on companies. The chapter assists users to identify growth avenues and address business challenges to make informed commercial decisions with unique insights, data forecasts, and in-depth market analyses.

Biphenyl Market Segment Insights

The Biphenyl Industry presents strong offers across categories. The analytical report offers forecasts of Biphenyl Industry performance across segments and countries. Key segments in the industry include- By Source (Crude Oil, Coal Tar, Natural Gas), By Application (Pharmaceuticals Solvent, Chemical Intermediates, Food and Beverages, Dye Carrier, Others). The largest types, applications, and sales channels, fastest growing segments, and the key factors driving each of the categories are included in the report.

Forecasts of each segment across five regions are provided from 2021 through 2032 for Asia Pacific, North America, Europe, South America, Middle East, and African regions. In addition, Biphenyl Market size outlook is provided for 22 countries across these regions.

Biphenyl Industry Value Chain

The chapter identifies potential companies and their operations across the global Biphenyl Industry ecosystem. It assists decision-makers in evaluating global Biphenyl Market fundamentals, market dynamics, and disruptive trends across the value chain segments.

Scenario Analysis and Forecasts

Strategic decision-making in the Biphenyl Industry is multi-faceted with the increased need for planning across scenarios. The report provides forecasts across three case scenarios- low growth, reference case, and high growth cases.

Asia Pacific Biphenyl Market Analysis- A Promising Growth Arena for Business Expansion

As companies increasingly expand across promising Asia Pacific markets with a combined population of over 4.5 billion, the medium-to-long-term future remains robust. The presence of the fastest-growing economies such as China, India, Thailand, Indonesia, and Vietnam coupled with strengthening middle-class populations and rising disposable incomes drive the market. In particular, China and India are witnessing rapid shifts in consumer purchasing behavior. China is recovering steadily with optimistic forecasts for 2025. Further, Japanese and South Korean markets remain stable with most companies focusing on new product launches and diversification of sales channels.

The State of Europe Biphenyl Industry 2025- Focus on Accelerating Competitiveness

As companies opt for an integrated agenda for competitiveness, the year 2025 presents optimistic scenarios for companies across the ecosystem. With signs of economic recovery across markets, companies are increasing their investments. Europe is one of the largest markets for Biphenyl Market with demand from both Western Europe and Eastern European regions increasing over the medium to long-term future. Increasing omnichannel shopping amidst robust consumer demand for value purchases shapes the market outlook. The report analyses the key Biphenyl Market drivers and opportunities across Germany, France, the United Kingdom, Spain, Italy, Russia, and other Europe.

The US Biphenyl Market Insights- Executives are most excited about opportunities for the US Biphenyl Industry.

Easing inflation coupled with strengthening consumer sentiment is encouraging aggressive actions from the US Biphenyl Companies. Market players consistently focusing on innovation and pursuing new ways to create value are set to excel in 2025. In addition, the Canadian and Mexican markets offer lucrative growth pockets for manufacturers and vendors. Focus on private-brand offerings and promotions, diversified sales channels, expansion into niche segments, adoption of advanced technologies, and sustainability are widely observed across the North American Biphenyl Market.

Latin American Biphenyl Market outlook rebounds in line with economic growth.

Underlying demand remains higher among urban consumers with an optimistic economic outlook across Brazil, Argentina, Chile, and other South and Central American countries. Increased consumer spending has been reported since H2-2024 and the prospects remain strong for 2025. Aggressive ecosystem moves to create new sources of income are widely observed across markets in the region. Marketing activities focused on customer insights, operations, and support functions are quickly gaining business growth in the region.

Middle East and Africa Biphenyl Markets- New Opportunities for Companies Harnessing Diversity

Rapid growth in burgeoning urban locations coupled with a young and fast-growing population base is attracting new investments in the Middle East and African Biphenyl Markets. Designing expansion and marketing strategies to cater to the local consumer base supports the market prospects. In addition to Nigeria, Algeria, South Africa, and other markets, steady growth markets in Ethiopia, Rwanda, Ghana, Tanzania, the Democratic Republic of Congo, and others present significant prospects for companies. On the other hand, Middle Eastern Biphenyl Markets including the UAE, Saudi Arabia, Qatar, and Oman continue to offer lucrative pockets of growth.

Competitive Landscape- How Biphenyl Companies outcompete in 2025 and Beyond?

The ability to respond quickly to evolving consumer preferences and adapt businesses to niche consumer segments remains a key growth factor. The report identifies the leading companies in the industry and provides their revenue for 2024. The market shares of each company are also included in the report. Further, business profiles, SWOT analysis, and financial analysis of each company are provided in detail. Key companies analyzed in the report include Abacipharm Corp, Alfa Aesar, Biosynth Carbosynth, Daken Chemical Ltd, Eastman Chemical Company, Henan Tianfu Chemical Co. Ltd, Jiangsu Zhongneng Chemical Technology Co. Ltd, Lanxess AG, Mainchem, Merck KGaA, Oakwood Products Inc, Otto Chemie Pvt. Ltd, Springchem New Material Technology Co. Ltd, Taj Pharmaceuticals Ltd, TCI America.

Biphenyl Market Scope and Segmentation

By Source

Crude Oil

Coal Tar

Natural Gas

By Application

Pharmaceuticals Solvent

Chemical Intermediates

Food and Beverages

Dye Carrier

Others

Countries Included-

North America- US, Canada, Mexico

Europe- Germany, France, UK, Spain, Italy, Benelux, Turkey, Russia, Rest of Europe

Asia Pacific- China, India, Japan, South Korea, South East Asia, Australia, Rest of APAC

South and Central America- Brazil, Argentina, Chile, Rest of SCA

Middle East and Africa- Saudi Arabia, the UAE, Israel, South Africa, Algeria, Nigeria, Rest of Middle East, Rest of Africa

Companies Included in the Biphenyl Market Research-

Abacipharm Corp

Alfa Aesar

Biosynth Carbosynth

Daken Chemical Ltd

Eastman Chemical Company

Henan Tianfu Chemical Co. Ltd

Jiangsu Zhongneng Chemical Technology Co. Ltd

Lanxess AG

Mainchem

Merck KGaA

Oakwood Products Inc

Otto Chemie Pvt. Ltd

Springchem New Material Technology Co. Ltd

Taj Pharmaceuticals Ltd

TCI America

Reasons to Buy the report

• Make informed decisions through long and short-term forecasts across 22 countries and segments.
• Evaluate market fundamentals, dynamics, and disrupting trends set to shape 2025 and beyond.
• Gain a clear understanding of the competitive landscape, with product portfolio and growth strategies.
• Get an integrated understanding of the entire market ecosystem and companies.
• Stay ahead of the competition through plans for growth in a changing environment for your geographic expansion.
• Assess the impact of advanced technologies and identify growth opportunities based on actionable data and insights.
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