Biphenyls Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020 - 2026

The global biphenyl market is slated to witness considerable growth over the coming years due to increasing use of crude oil in textile industry, growing use of biphenyl in as a Dyestuff carrier for copying paper, and high product usage across various application avenues such as chemical intermediate, food & beverages, fungicide, and solvents for pharmaceutical production among many others. Biphenyl seems like a clear type colorless liquid having a very pleasant odor with flash point of nearly 180°F and a moderate volatility.

It is further known to be insoluble in water with its vapors known to be much heavier in comparison to air. Being an aromatic compound, it further comprises of two benzene rings that are linked by a single covalent bond. Apart from that, it is a member of biphenyls as well as an aromatic fungicide. The compound seems to occur certainly in natural gas, crude oil and coal tar. Owing to this feature, biphenyl has also been noticed in products obtained from these substances.

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Biphenyl compound has a key role as an antifungal agrochemical and as an antimicrobial food preservative. It is mainly used in heat transfer fluids, organic synthesis, as an intermediate for polychlorinated biphenyls, dye carriers, and as a solvent in pharmaceutical production.

Biphenyl also prevents the growth of fungus and molds and is thus used a preservative E230 combined with E233, E232, and E231, mainly in the citrus fruit preservation during transportation. The compound is an intermediate for producing several other organic compounds like plastics, crop protection products, optical brighteners and emulsifiers.

The global biphenyl market is segmented into different segments in terms of type, application, and regional landscape.

In terms of applications, the overall biphenyl market is categorized into solvents for pharmaceutical production, chemicals intermediate, heat transfer fluids, fungicide, food & beverages, and dyestuff carrier for textiles. Among these, biphenyl market from chemical intermediate is projected to grow with the CAGR of around 7.7% over the forthcoming time period.

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From a regional frame of reference LATAM biphenyl market is expected to witness steady growth with a CAGR of about 6.8% through the forecast period. This anticipated growth accredited to the increasing usage of biphenyl in as a Dyestuff carrier for copying paper.

Meanwhile, biphenyl market in Middle East & Africa may witness growth at a CAGR of more than 6.9% owing to the increasing use of crude oil in the textile industry. With larger crude oil reserves across MEA region, the demand for biphenyl will substantially increase over the coming time period.

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