The Biphenyl Market Size was valued at USD 1.5 billion in 2023 and is expected to reach USD 2.3 billion by 2032 and grow at a CAGR of 4.8% over the forecast period 2024-2032.

The Biphenyl Market is experiencing steady growth owing to its extensive use as an intermediate in chemical synthesis, heat transfer fluids, and agrochemical formulations. Biphenyl, also known as diphenyl, is an organic compound that plays a critical role in polymer production, dye manufacturing, and fungicide development, particularly in fruit preservation and agricultural applications. With increasing industrial demand and technological advancements in chemical processing, the market is expected to expand significantly in the coming years.

Key Players:

• AkzoNobel N.V.
• BASF SE
• Dow Inc.
• Eastman Chemical Company
• FMC Corporation
• Huntsman Corporation
• Merck KGaA
• Solvay S.A.
• Tokyo Chemical Industry Co., Ltd. (TCI)
• Wacker Chemie AG

Future Scope & Emerging Trends:

The future of the Biphenyl Market is bright, driven by the expanding agrochemical sector, where biphenyl is used as a fungicide and preservative for citrus fruits. Its role in heat transfer fluids also makes it essential in the manufacturing and energy sectors. Rising environmental awareness is pushing industries to explore greener and safer alternatives, leading to research into bio-based and low-toxicity biphenyl derivatives. Additionally, increased usage in pharmaceutical intermediates, dye production, and polymer development is fueling market demand. With growing industrialization, especially in Asia-Pacific and Latin America, the consumption of biphenyl is expected to see a notable rise.

Key Points:

• Biphenyl is widely used in the agrochemical and chemical synthesis sectors.

• Functions as a fungicide, polymer intermediate, and heat transfer agent.

• Growing demand from developing economies in Asia-Pacific and Latin America.

• R&D focused on sustainable, low-toxicity biphenyl alternatives.

• Expansion in chemical processing and energy industries driving consumption.

• Regulatory standards influencing product development and quality controls.

Conclusion:

The Biphenyl Market is poised for progressive growth, supported by its versatile industrial applications and increasing demand across chemical, agrochemical, and polymer industries. As the market adapts to sustainability trends and regional growth opportunities, biphenyl will continue to play a vital role in global industrial manufacturing. Strategic investments in product innovation and regional expansion will further solidify the market’s trajectory in the coming years.

Read Full Report: https://www.snsinsider.com/reports/biphenyl-market-4701                              

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