비페닐 시장 기회, 성장 촉진요인, 산업 동향 분석, 예측(2025-2034년)

The Global Biphenyl Market, valued at USD 287.2 million in 2024, is expected to grow at a CAGR of 5.9% from 2025 to 2034. This growth is being driven by increased research and development (R&D) efforts exploring the properties and potential applications of biphenyls. Biphenyl, an aromatic hydrocarbon composed of two connected benzene rings, has gained significant attention due to its unique chemical properties and versatility.

Research into biphenyl derivatives is focused on discovering new compounds with better therapeutic properties, particularly in the pharmaceutical sector. Biphenyl compounds are also key intermediates in producing herbicides and fungicides in the agrochemical industry. The electronics sector benefits from biphenyl's strength and conductivity, which make it ideal for high-performance products and devices. As industries continue to explore the various uses of biphenyl, demand for this compound is increasing, opening up new avenues for investment and development.

Despite its promising applications, the biphenyl market faces some challenges. Stringent regulatory requirements and environmental concerns are slowing down market growth. Biphenyls are natural pollutants that can threaten human health and the environment, leading to stricter safety regulations and higher production costs. These factors may hinder further market expansion in the future.

In terms of product type, the crude oil biphenyl segment is the largest, valued at USD 114.7 million in 2024, and expected to grow at a 5.5% CAGR from 2025 to 2034. Biphenyl derived from crude oil is an economically viable option, widely used in the petrochemical industry for heat transfer applications, especially during the transportation of sensitive materials. The continuous supply of biphenyl from crude oil and growing global demand for such products support market growth. However, fluctuations in crude oil prices and concerns about the environmental impact of raw materials used in its production could impact demand.

The heat transfer fluids segment accounted for 33.1% of the market share in 2024 and is expected to remain dominant. Biphenyl derivatives, such as diphenyl and diphenyl oxide, are used as heat transfer fluids in high-temperature applications, particularly in industries like pharmaceuticals, where transporting materials at high temperatures is critical. As global industrial activities expand, the need for efficient heat transfer solutions continues to grow, driving the demand for biphenyl-based fluids.

In China, the biphenyl market stood at USD 15.5 million in 2024 and is experiencing rapid growth. The country's booming petrochemical industry and strong manufacturing sector contribute significantly to biphenyl demand. China's robust crude oil production and refining capabilities ensure a steady supply of biphenyl, making it economically viable. Despite challenges such as fluctuating crude oil prices and environmental concerns, China's expanding industrial base and increasing demand for advanced chemicals ensure a positive market outlook for biphenyl in the coming years.

Table of Contents

Chapter 1 Methodology & Scope

• 1.1 Market scope & definitions
• 1.2 Base estimates & calculations
• 1.3 Forecast calculations
• 1.4 Data sources
  • 1.4.1 Primary
  • 1.4.2 Secondary
    • 1.4.2.1 Paid sources
    • 1.4.2.2 Public sources

Chapter 2 Executive Summary

• 2.1 Industry synopsis, 2021-2034

Chapter 3 Industry Insights

• 3.1 Industry ecosystem analysis
  • 3.1.1 Factor affecting the value chain
  • 3.1.2 Profit margin analysis
  • 3.1.3 Disruptions
  • 3.1.4 Future outlook
  • 3.1.5 Manufacturers
  • 3.1.6 Distributors
• 3.2 Supplier landscape
• 3.3 Profit margin analysis
• 3.4 Key news & initiatives
• 3.5 Regulatory landscape
• 3.6 Impact forces
  • 3.6.1 Growth drivers
    • 3.6.1.1 Increasing use of agrochemicals in agricultural production
    • 3.6.1.2 Rapid growth of the global chemical industry
    • 3.6.1.3 Growth in the pharmaceutical industry along with increasing healthcare spending
  • 3.6.2 Industry pitfalls & challenges
    • 3.6.2.1 Adverse health & environmental effects of biphenyl will hamper the industry growth
    • 3.6.2.2 Market adoption and competition
• 3.7 Growth potential analysis
• 3.8 Porter's analysis
• 3.9 PESTEL analysis

Chapter 4 Competitive Landscape, 2024

• 4.1 Introduction
• 4.2 Company market share analysis
• 4.3 Competitive positioning matrix
• 4.4 Strategic outlook matrix

Chapter 5 Market Estimates & Forecast, By Source, 2021-2034 (USD Million) (Tons)

• 5.1 Key trends
• 5.2 Crude oil biphenyl
• 5.3 Coal tar biphenyl
• 5.4 Natural gas biphenyl

Chapter 6 Market Estimates & Forecast, By Application, 2021-2034 (USD Million) (Tons)

• 6.1 Key trends
• 6.2 Heat transfer fluids
• 6.3 Dyestuff carrier for textiles
• 6.4 Food & beverages
• 6.5 Fungicide
• 6.6 Chemicals intermediate
• 6.7 Solvents for pharmaceutical production

Chapter 7 Market Estimates & Forecast, By Region, 2021-2034 (USD Million) (Tons)

• 7.1 Key trends
• 7.2 North America
  • 7.2.1 U.S.
  • 7.2.2 Canada
• 7.3 Europe
  • 7.3.1 UK
  • 7.3.2 Germany
  • 7.3.3 France
  • 7.3.4 Italy
  • 7.3.5 Spain
  • 7.3.6 Russia
• 7.4 Asia Pacific
  • 7.4.1 China
  • 7.4.2 India
  • 7.4.3 Japan
  • 7.4.4 South Korea
  • 7.4.5 Australia
• 7.5 Latin America
  • 7.5.1 Brazil
  • 7.5.2 Mexico
• 7.6 MEA
  • 7.6.1 South Africa
  • 7.6.2 Saudi Arabia
  • 7.6.3 UAE

Chapter 8 Company Profiles

• 8.1 Matrix Scientific
• 8.2 LGC Standards (part of LGC Group)
• 8.3 Taj Pharmaceuticals Ltd
• 8.4 Biosynth Carbosynth
• 8.5 Huntsman
• 8.6 Lanxess AG
• 8.7 ABCR GmbH
• 8.8 AK Scientific, Inc.
• 8.9 Eastman Chemical Company
• 8.10 Thermo Fisher Scientific
• 8.11 Merck KgaA
• 8.12 Tokyo Chemical Industry Co., Ltd.
• 8.13 Santa Cruz Biotechnology
• 8.14 Clearsynth Labs
• 8.15 Debye Scientific Co., Ltd.