세계의 비페닐 시장 : 시장 규모 분석(최종 용도별, 순도 등급별, 시장 진출기업별, 생산 공정별, 포장 유형별, 지역별) 및 예측(2022-2032년)

The Global Biphenyl Market is valued approximately at USD 11.68 million in 2023 and is projected to grow with a steady compound annual growth rate (CAGR) of 5.3% over the forecast period 2024-2032. Biphenyl, also known as diphenyl, is an organic compound widely utilized as a heat transfer agent, intermediate in dye and agrochemical production, and precursor in the synthesis of pharmaceuticals and specialty materials. Its stable aromatic structure and capacity to serve both as a chemical building block and a performance additive make it indispensable in multiple industrial workflows. As industries continue shifting towards fine-tuned formulations and performance optimization, biphenyl has secured its position in sectors ranging from electronics to specialty dyes and pigments. Heightened demand for high-performance additives and intermediates is pushing manufacturers to enhance purity, streamline distribution, and implement cleaner production methodologies.

The upward trajectory of the market is driven primarily by the expanding demand in end-use verticals such as agrochemicals and pharmaceuticals, where biphenyl plays a role in formulating fungicides and stabilizers. The compound is also extensively used in the manufacture of dye intermediates and solvents for heat transfer fluids, especially in the electronics and automotive sectors. Moreover, advancements in production techniques-such as the Ullmann and benzene oxidation processes-have enabled producers to not only improve yield but also reduce the carbon footprint, which is gradually aligning the market with global sustainability benchmarks. However, stringent regulatory controls regarding the environmental and health impacts of aromatic hydrocarbons may create entry barriers and limit growth for new market participants.

While the market does face challenges related to handling toxicity and compliance with REACH and EPA standards, technological advancements are paving new avenues. Innovative catalyst designs, recycling systems for by-products, and enhanced packaging solutions such as leak-proof drums and totes are contributing to safer handling and reduced logistical risks. Simultaneously, market players are shifting toward vertically integrated supply chains to mitigate raw material volatility and ensure uninterrupted flow of high-purity biphenyl. The adoption of technical-grade biphenyl is increasing among manufacturers seeking thermal fluid stability in high-temperature applications-an essential requirement in the processing units of electronics, polymers, and dyes.

Geographically, Europe holds a dominant position in the global biphenyl landscape, led by Germany, France, and Italy, where there is consistent demand in the agrochemical and pharmaceutical sectors. Strong regulatory oversight combined with technological maturity makes the region a front-runner in both production and consumption. North America follows closely, bolstered by a robust chemical manufacturing base in the United States and rising R&D investments in specialty chemicals. Meanwhile, Asia Pacific is anticipated to record the fastest growth during the forecast period, driven by expanding industrialization, growing demand in automotive and electronic manufacturing hubs, and favorable trade policies in countries like China, India, and South Korea.

Major market player included in this report are:

• Lanxess AG
• Eastman Chemical Company
• Thermo Fisher Scientific Inc.
• Sigma-Aldrich Corporation
• Merck KGaA
• Koch Industries, Inc.
• Toray Industries, Inc.
• TCI Chemicals Pvt. Ltd.
• Otto Chemie Pvt. Ltd.
• Alfa Aesar
• Fisher Scientific
• Haihang Industry Co., Ltd.
• Toronto Research Chemicals
• Jubilant Ingrevia Ltd.
• Spectrum Chemical Manufacturing Corp.

The detailed segments and sub-segment of the market are explained below:

By End-Use Application

• Dyes and Pigments
• Pharmaceuticals
• Agrochemicals
• Electronics
• Automotive

By Purity Grade

• Reagent Grade
• Industrial Grade
• Technical Grade

By Market Participants

• Manufacturers
• Distributors
• End-Users

By Production Process

• Traditional Process
• Ullmann Process
• Benzene Oxidation Process

By Packaging Type

• Drums
• Barrels
• Tanks
• Totes

By Region:

• North America
• U.S.
• Canada
• Europe
• UK
• Germany
• France
• Spain
• Italy
• ROE
• Asia Pacific
• China
• India
• Japan
• Australia
• South Korea
• RoAPAC
• Latin America
• Brazil
• Mexico
• Middle East & Africa
• Saudi Arabia
• South Africa
• RoMEA

Years considered for the study are as follows:

• Historical year - 2022
• Base year - 2023
• Forecast period - 2024 to 2032

Key Takeaways:

• Market Estimates & Forecast for 10 years from 2022 to 2032.
• Annualized revenues and regional level analysis for each market segment.
• Detailed analysis of geographical landscape with Country level analysis of major regions.
• Competitive landscape with information on major players in the market.
• Analysis of key business strategies and recommendations on future market approach.
• Analysis of competitive structure of the market.
• Demand side and supply side analysis of the market.

Table of Contents

Chapter 1. Global Biphenyl Market Executive Summary

• 1.1. Global Biphenyl Market Size & Forecast (2022-2032)
• 1.2. Regional Summary
• 1.3. Segmental Summary
  • 1.3.1. By End Use Application
  • 1.3.2. By Purity Grade
  • 1.3.3. By Market Participants
  • 1.3.4. By Production Process
  • 1.3.5. By Packaging Type
• 1.4. Key Trends
• 1.5. Recession Impact
• 1.6. Analyst Recommendation & Conclusion

Chapter 2. Global Biphenyl Market Definition and Research Assumptions

• 2.1. Research Objective
• 2.2. Market Definition
• 2.3. Research Assumptions
  • 2.3.1. Inclusion & Exclusion
  • 2.3.2. Limitations
  • 2.3.3. Supply Side Analysis
    • 2.3.3.1. Availability
    • 2.3.3.2. Infrastructure
    • 2.3.3.3. Regulatory Environment
    • 2.3.3.4. Market Competition
    • 2.3.3.5. Economic Viability (Consumer's Perspective)
  • 2.3.4. Demand Side Analysis
    • 2.3.4.1. Regulatory Frameworks
    • 2.3.4.2. Technological Advancements
    • 2.3.4.3. Environmental Considerations
    • 2.3.4.4. Consumer Awareness & Acceptance
• 2.4. Estimation Methodology
• 2.5. Years Considered for the Study
• 2.6. Currency Conversion Rates

Chapter 3. Global Biphenyl Market Dynamics

• 3.1. Market Drivers
  • 3.1.1. Expanding Demand in Agrochemicals & Pharmaceuticals
  • 3.1.2. Rising Utilization in Electronics & Automotive Heat Transfer
  • 3.1.3. Advancements in Sustainable Production Techniques
• 3.2. Market Challenges
  • 3.2.1. Toxicity Handling & Regulatory Compliance (REACH/EPA)
  • 3.2.2. Raw Material Volatility & Supply Chain Disruptions
• 3.3. Market Opportunities
  • 3.3.1. Innovative Catalyst Designs & By product Recycling
  • 3.3.2. Adoption of Technical Grade Biphenyl in High Temperature Applications
  • 3.3.3. Vertical Integration for Supply Chain Stability

Chapter 4. Global Biphenyl Market Industry Analysis

• 4.1. Porter's 5 Force Model
  • 4.1.1. Bargaining Power of Suppliers
  • 4.1.2. Bargaining Power of Buyers
  • 4.1.3. Threat of New Entrants
  • 4.1.4. Threat of Substitutes
  • 4.1.5. Competitive Rivalry
  • 4.1.6. Futuristic Approach to Porter's 5 Force Model
  • 4.1.7. Porter's 5 Force Impact Analysis
• 4.2. PESTEL Analysis
  • 4.2.1. Political
  • 4.2.2. Economical
  • 4.2.3. Social
  • 4.2.4. Technological
  • 4.2.5. Environmental
  • 4.2.6. Legal
• 4.3. Top Investment Opportunity
• 4.4. Top Winning Strategies
• 4.5. Disruptive Trends
• 4.6. Industry Expert Perspective
• 4.7. Analyst Recommendation & Conclusion

Chapter 5. Global Biphenyl Market Size & Forecasts by End Use Application 2022-2032

• 5.1. Segment Dashboard
• 5.2. Global Biphenyl Market: End Use Application Revenue Trend Analysis, 2022 & 2032 (USD Million)
  • 5.2.1. Dyes and Pigments
  • 5.2.2. Pharmaceuticals
  • 5.2.3. Agrochemicals
  • 5.2.4. Electronics
  • 5.2.5. Automotive

Chapter 6. Global Biphenyl Market Size & Forecasts by Purity Grade 2022-2032

• 6.1. Segment Dashboard
• 6.2. Global Biphenyl Market: Purity Grade Revenue Trend Analysis, 2022 & 2032 (USD Million)
  • 6.2.1. Reagent Grade
  • 6.2.2. Industrial Grade
  • 6.2.3. Technical Grade

Chapter 7. Global Biphenyl Market Size & Forecasts by Market Participants 2022-2032

• 7.1. Segment Dashboard
• 7.2. Global Biphenyl Market: Market Participants Revenue Trend Analysis, 2022 & 2032 (USD Million)
  • 7.2.1. Manufacturers
  • 7.2.2. Distributors
  • 7.2.3. End Users

Chapter 8. Global Biphenyl Market Size & Forecasts by Production Process 2022-2032

• 8.1. Segment Dashboard
• 8.2. Global Biphenyl Market: Production Process Revenue Trend Analysis, 2022 & 2032 (USD Million)
  • 8.2.1. Traditional Process
  • 8.2.2. Ullmann Process
  • 8.2.3. Benzene Oxidation Process

Chapter 9. Global Biphenyl Market Size & Forecasts by Packaging Type 2022-2032

• 9.1. Segment Dashboard
• 9.2. Global Biphenyl Market: Packaging Type Revenue Trend Analysis, 2022 & 2032 (USD Million)
  • 9.2.1. Drums
  • 9.2.2. Barrels
  • 9.2.3. Tanks
  • 9.2.4. Totes

Chapter 10. Global Biphenyl Market Size & Forecasts by Region 2022-2032

• 10.1. North America Biphenyl Market
  • 10.1.1. U.S. Biphenyl Market
    • 10.1.1.1. Type & segment breakdown size & forecasts, 2022-2032
  • 10.1.2. Canada Biphenyl Market
• 10.2. Europe Biphenyl Market
  • 10.2.1. UK Biphenyl Market
  • 10.2.2. Germany Biphenyl Market
  • 10.2.3. France Biphenyl Market
  • 10.2.4. Spain Biphenyl Market
  • 10.2.5. Italy Biphenyl Market
  • 10.2.6. Rest of Europe Biphenyl Market
• 10.3. Asia Pacific Biphenyl Market
  • 10.3.1. China Biphenyl Market
  • 10.3.2. India Biphenyl Market
  • 10.3.3. Japan Biphenyl Market
  • 10.3.4. Australia Biphenyl Market
  • 10.3.5. South Korea Biphenyl Market
  • 10.3.6. Rest of Asia Pacific Biphenyl Market
• 10.4. Latin America Biphenyl Market
  • 10.4.1. Brazil Biphenyl Market
  • 10.4.2. Mexico Biphenyl Market
  • 10.4.3. Rest of Latin America Biphenyl Market
• 10.5. Middle East & Africa Biphenyl Market
  • 10.5.1. Saudi Arabia Biphenyl Market
  • 10.5.2. South Africa Biphenyl Market
  • 10.5.3. Rest of Middle East & Africa Biphenyl Market

Chapter 11. Competitive Intelligence

• 11.1. Key Company SWOT Analysis
  • 11.1.1. Lanxess AG
  • 11.1.2. Eastman Chemical Company
  • 11.1.3. Thermo Fisher Scientific Inc.
• 11.2. Top Market Strategies
• 11.3. Company Profiles
  • 11.3.1. Lanxess AG
    • 11.3.1.1. Key Information
    • 11.3.1.2. Overview
    • 11.3.1.3. Financial (Subject to Data Availability)
    • 11.3.1.4. Product Summary
    • 11.3.1.5. Market Strategies
  • 11.3.2. Eastman Chemical Company
  • 11.3.3. Thermo Fisher Scientific Inc.
  • 11.3.4. Sigma Aldrich Corporation
  • 11.3.5. Merck KGaA
  • 11.3.6. Koch Industries, Inc.
  • 11.3.7. Toray Industries, Inc.
  • 11.3.8. TCI Chemicals Pvt. Ltd.
  • 11.3.9. Otto Chemie Pvt. Ltd.
  • 11.3.10. Alfa Aesar
  • 11.3.11. Fisher Scientific
  • 11.3.12. Haihang Industry Co., Ltd.
  • 11.3.13. Toronto Research Chemicals
  • 11.3.14. Jubilant Ingrevia Ltd.
  • 11.3.15. Spectrum Chemical Manufacturing Corp.

Chapter 12. Research Process

• 12.1. Research Process
  • 12.1.1. Data Mining
  • 12.1.2. Analysis
  • 12.1.3. Market Estimation
  • 12.1.4. Validation
  • 12.1.5. Publishing
• 12.2. Research Attributes