Biphenyl Market Insights 2025, Analysis and Forecast to 2030, by Manufacturers, Regions, Technology, Application
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Introduction
Biphenyl is a versatile aromatic hydrocarbon characterized by two benzene rings linked by a single carbon-carbon bond, offering a unique combination of thermal stability, chemical inertness, and solubility properties. This compound serves as a critical building block across multiple industries, finding applications in heat transfer fluids, optical brighteners, photo initiators, agrochemicals, and other specialized uses. Its ability to withstand high temperatures makes it particularly valuable in industrial processes requiring efficient heat management, while its optical properties enhance its utility in dyes and fluorescent agents. Biphenyl’s production typically involves the dehydrogenation of benzene or extraction from coal tar, with key manufacturers optimizing processes to meet diverse downstream demands.
The Biphenyl market operates as a niche yet dynamic segment within the broader specialty chemicals landscape, driven by industrial innovation and the growing need for high-performance materials. Its applications span energy, agriculture, textiles, and advanced manufacturing, reflecting a market influenced by technological advancements and sustainability trends. With a relatively concentrated production base, primarily in Asia and North America, the market is poised for steady growth as industries seek reliable, multifunctional chemicals to support evolving requirements.
The global Biphenyl market is projected to reach a valuation of 350-450 million USD by 2025, with an estimated compound annual growth rate (CAGR) of 3.5%-6.5% through 2030. This growth trajectory underscores increasing demand across key applications, bolstered by industrial expansion and innovation.
Regional Analysis
The Biphenyl market demonstrates distinct regional growth patterns, shaped by production capabilities and consumption trends:
Asia Pacific: Growth is estimated at 4.0%-7.0%, led by China, the dominant producer and consumer due to its robust chemical manufacturing sector. Japan and India also contribute, with Japan focusing on high-tech applications like optical brighteners and India leveraging agrochemical demand tied to agricultural growth.
North America: Projected growth ranges from 3.0%-5.5%, with the United States driving demand through heat transfer fluids and industrial applications. The region’s advanced manufacturing base supports steady consumption.
Europe: Anticipated growth falls between 2.5%-4.5%, with Germany and the United Kingdom leading. Europe emphasizes sustainable chemical use, boosting demand in specialized applications like photo initiators.
Asia Pacific leads in volume, fueled by China’s industrial scale, while North America and Europe prioritize high-value applications, reflecting regional industrial strengths.
Application Analysis
Biphenyl’s diverse applications each exhibit unique growth prospects and characteristics:
Heat Transfer Fluid: Growth is estimated at 4.0%-6.5%. Biphenyl’s thermal stability makes it ideal for high-temperature industrial processes, such as chemical manufacturing and energy systems. Demand rises with renewable energy adoption, particularly in concentrated solar power.
Optical Brightener: Projected growth ranges from 3.5%-6.0%. Used in textiles and detergents to enhance whiteness, this segment benefits from consumer goods growth in emerging markets, though environmental concerns push for greener alternatives.
Photo Initiator: Growth is anticipated at 3.0%-5.5%. Biphenyl enhances UV-curable coatings and inks, driven by packaging and printing advancements, with steady demand in developed markets.
Agrochemicals: Expected growth is 3.5%-6.0%. As a precursor in pesticide synthesis, it supports agricultural productivity, particularly in Asia Pacific and Latin America, where farming expands.
Others: Growth ranges from 2.5%-4.5%, covering niche uses like dyes and intermediates. Innovation in specialty chemicals drives this segment’s potential.
Key Market Players
The Biphenyl market is shaped by a focused group of producers:
Dow: A global chemical leader, it supplies Biphenyl for industrial and energy applications.
Eastman: Specializes in high-performance chemicals, including Biphenyl for heat transfer and optical uses.
Hebei Jindong Technology Group: With a 10,000-ton capacity, this Chinese firm serves regional industrial and agrochemical needs.
Jiangsu Zhongneng Chemical Technology Co. Ltd.: Operating at 10,000 tons, it focuses on chemical intermediates for diverse applications.
Dalian Richfortune Chemicals Co. Ltd.: At 10,000 tons, it supports China’s chemical market with Biphenyl production.
These players highlight a concentrated supply base, primarily in Asia and North America, driving market dynamics.
Porter’s Five Forces Analysis
Threat of New Entrants: Moderate. High capital costs and technical expertise create barriers, though growing demand may attract niche players.
Threat of Substitutes: Moderate. Alternatives like terphenyls compete in heat transfer, but Biphenyl’s cost-effectiveness sustains its position.
Bargaining Power of Buyers: High. Large industrial users demand quality and competitive pricing, influencing supplier strategies.
Bargaining Power of Suppliers: Moderate. Limited raw material sources (e.g., benzene) give suppliers leverage, balanced by large-scale production.
Competitive Rivalry: High. Key players compete on innovation and capacity, intensifying market dynamics.
This framework reveals a competitive market with strong buyer influence and regional production advantages.
Market Opportunities and Challenges
Opportunities:
Rising renewable energy adoption, especially concentrated solar power, boosts demand for heat transfer fluids.
Agricultural growth in Asia and Latin America supports agrochemical applications, expanding market reach.
Innovation in sustainable optical brighteners could align with environmental trends, opening new segments.
Challenges:
Environmental regulations, particularly in Europe, limit certain applications due to aromatic hydrocarbon concerns.
Volatility in raw material prices (e.g., benzene) impacts production costs and profitability.
Competition from alternative chemicals threatens specific uses, requiring ongoing differentiation.
Chapter 1 Executive Summary
Chapter 2 Abbreviation and Acronyms
Chapter 3 Preface
3.1 Research Scope
3.2 Research Sources
3.2.1 Data Sources
3.2.2 Assumptions
3.3 Research Method
Chapter 4 Market Landscape
4.1 Market Overview
4.2 Classification/Types
4.3 Application/End Users
Chapter 5 Market Trend Analysis
5.1 Introduction
5.2 Drivers
5.3 Restraints
5.4 Opportunities
5.5 Threats
Chapter 6 Industry Chain Analysis
6.1 Upstream/Suppliers Analysis
6.2 Biphenyl Analysis
6.2.1 Technology Analysis
6.2.2 Cost Analysis
6.2.3 Market Channel Analysis
6.3 Downstream Buyers/End Users
Chapter 7 Latest Market Dynamics
7.1 Latest News
7.2 Merger and Acquisition
7.3 Planned/Future Project
7.4 Policy Dynamics
Chapter 8 Trading Analysis
8.1 Export of Biphenyl by Region
8.2 Import of Biphenyl by Region
8.3 Balance of Trade
Chapter 9 Historical and Forecast Biphenyl Market in North America (2020-2030)
9.1 Biphenyl Market Size
9.2 Biphenyl Demand by End Use
9.3 Competition by Players/Suppliers
9.4 Type Segmentation and Price
9.5 Key Countries Analysis
9.5.1 United States
9.5.2 Canada
9.5.3 Mexico
Chapter 10 Historical and Forecast Biphenyl Market in South America (2020-2030)
10.1 Biphenyl Market Size
10.2 Biphenyl Demand by End Use
10.3 Competition by Players/Suppliers
10.4 Type Segmentation and Price
10.5 Key Countries Analysis
10.5.1 Brazil
10.5.2 Argentina
10.5.3 Chile
10.5.4 Peru
Chapter 11 Historical and Forecast Biphenyl Market in Asia & Pacific (2020-2030)
11.1 Biphenyl Market Size
11.2 Biphenyl Demand by End Use
11.3 Competition by Players/Suppliers
11.4 Type Segmentation and Price
11.5 Key Countries Analysis
11.5.1 China
11.5.2 India
11.5.3 Japan
11.5.4 South Korea
11.5.5 Asean
11.5.6 Australia
Chapter 12 Historical and Forecast Biphenyl Market in Europe (2020-2030)
12.1 Biphenyl Market Size
12.2 Biphenyl Demand by End Use
12.3 Competition by Players/Suppliers
12.4 Type Segmentation and Price
12.5 Key Countries Analysis
12.5.1 Germany
12.5.2 France
12.5.3 United Kingdom
12.5.4 Italy
12.5.5 Spain
12.5.6 Belgium
12.5.7 Netherlands
12.5.8 Austria
12.5.9 Poland
12.5.10 Russia
Chapter 13 Historical and Forecast Biphenyl Market in MEA (2020-2030)
13.1 Biphenyl Market Size
13.2 Biphenyl Demand by End Use
13.3 Competition by Players/Suppliers
13.4 Type Segmentation and Price
13.5 Key Countries Analysis
13.5.1 Egypt
13.5.2 Israel
13.5.3 South Africa
13.5.4 Gulf Cooperation Council Countries
13.5.5 Turkey
Chapter 14 Summary For Global Biphenyl Market (2020-2030)
14.1 Biphenyl Market Size
14.2 Biphenyl Demand by End Use
14.3 Competition by Players/Suppliers
14.4 Type Segmentation and Price
Chapter 15 Global Biphenyl Market Forecast (2021-2026)
15.1 Biphenyl Market Size Forecast
15.2 Biphenyl Demand Forecast
15.3 Competition by Players/Suppliers
15.4 Type Segmentation and Price Forecast
Chapter 16 Analysis of Global Key Vendors
15.1 Dow
15.1.1 Company Profile
15.1.2 Main Business and Biphenyl Information
15.1.3 SWOT Analysis of Dow
15.1.4 Dow Biphenyl Sales, Revenue, Price and Gross Margin (2020-2025)
15.2 Eastman
15.2.1 Company Profile
15.2.2 Main Business and Biphenyl Information
15.2.3 SWOT Analysis of Eastman
15.2.4 Eastman Biphenyl Sales, Revenue, Price and Gross Margin (2020-2025)
15.3 Hebei Jindong Technology Group
15.3.1 Company Profile
15.3.2 Main Business and Biphenyl Information
15.3.3 SWOT Analysis of Hebei Jindong Technology Group
15.3.4 Hebei Jindong Technology Group Biphenyl Sales, Revenue, Price and Gross Margin (2020-2025)
15.4 Jiangsu Zhongneng Chemical Technology Co. Ltd.
15.4.1 Company Profile
15.4.2 Main Business and Biphenyl Information
15.4.3 SWOT Analysis of Jiangsu Zhongneng Chemical Technology Co. Ltd.
15.4.4 Jiangsu Zhongneng Chemical Technology Co. Ltd. Biphenyl Sales, Revenue, Price and Gross Margin (2020-2025)
15.5 Dalian Richfortune Chemicals Co. Ltd.
15.5.1 Company Profile
15.5.2 Main Business and Biphenyl Information
15.5.3 SWOT Analysis of Dalian Richfortune Chemicals Co. Ltd.
15.5.4 Dalian Richfortune Chemicals Co. Ltd. Biphenyl Sales, Revenue, Price and Gross Margin (2020-2025)
Please ask for sample pages for full companies list
Table Research Scope Of Biphenyl Report
Table Data Sources Of Biphenyl Report
Table Major Assumptions Of Biphenyl Report
Table Biphenyl Classification
Table Biphenyl Applications List
Table Drivers Of Biphenyl Market
Table Restraints Of Biphenyl Market
Table Opportunities Of Biphenyl Market
Table Threats Of Biphenyl Market
Table Raw Materials Suppliers List
Table Different Production Methods Of Biphenyl
Table Cost Structure Analysis Of Biphenyl
Table Key End Users List
Table Latest News Of Biphenyl Market
Table Merger And Acquisition List
Table Planned/Future Project Of Biphenyl Market
Table Policy Of Biphenyl Market
Table 2020-2030 Regional Export Of Biphenyl
Table 2020-2030 Regional Import Of Biphenyl
Table 2020-2030 Regional Trade Balance
Table 2020-2030 North America Biphenyl Market Size And Market Volume List
Table 2020-2030 North America Biphenyl Demand List By Application
Table 2020-2025 North America Biphenyl Key Players Sales List
Table 2020-2025 North America Biphenyl Key Players Market Share List
Table 2020-2030 North America Biphenyl Demand List By Type
Table 2020-2025 North America Biphenyl Price List By Type
Table 2020-2030 United States Biphenyl Market Size And Market Volume List
Table 2020-2030 United States Biphenyl Import & Export List
Table 2020-2030 Canada Biphenyl Market Size And Market Volume List
Table 2020-2030 Canada Biphenyl Import & Export List
Table 2020-2030 Mexico Biphenyl Market Size And Market Volume List
Table 2020-2030 Mexico Biphenyl Import & Export List
Table 2020-2030 South America Biphenyl Market Size And Market Volume List
Table 2020-2030 South America Biphenyl Demand List By Application
Table 2020-2025 South America Biphenyl Key Players Sales List
Table 2020-2025 South America Biphenyl Key Players Market Share List
Table 2020-2030 South America Biphenyl Demand List By Type
Table 2020-2025 South America Biphenyl Price List By Type
Table 2020-2030 Brazil Biphenyl Market Size And Market Volume List
Table 2020-2030 Brazil Biphenyl Import & Export List
Table 2020-2030 Argentina Biphenyl Market Size And Market Volume List
Table 2020-2030 Argentina Biphenyl Import & Export List
Table 2020-2030 Chile Biphenyl Market Size And Market Volume List
Table 2020-2030 Chile Biphenyl Import & Export List
Table 2020-2030 Peru Biphenyl Market Size And Market Volume List
Table 2020-2030 Peru Biphenyl Import & Export List
Table 2020-2030 Asia & Pacific Biphenyl Market Size And Market Volume List
Table 2020-2030 Asia & Pacific Biphenyl Demand List By Application
Table 2020-2025 Asia & Pacific Biphenyl Key Players Sales List
Table 2020-2025 Asia & Pacific Biphenyl Key Players Market Share List
Table 2020-2030 Asia & Pacific Biphenyl Demand List By Type
Table 2020-2025 Asia & Pacific Biphenyl Price List By Type
Table 2020-2030 China Biphenyl Market Size And Market Volume List
Table 2020-2030 China Biphenyl Import & Export List
Table 2020-2030 India Biphenyl Market Size And Market Volume List
Table 2020-2030 India Biphenyl Import & Export List
Table 2020-2030 Japan Biphenyl Market Size And Market Volume List
Table 2020-2030 Japan Biphenyl Import & Export List
Table 2020-2030 South Korea Biphenyl Market Size And Market Volume List
Table 2020-2030 South Korea Biphenyl Import & Export List
Table 2020-2030 Southeast Asia Biphenyl Market Size List
Table 2020-2030 Southeast Asia Biphenyl Market Volume List
Table 2020-2030 Southeast Asia Biphenyl Import List
Table 2020-2030 Southeast Asia Biphenyl Export List
Table 2020-2030 Australia Biphenyl Market Size And Market Volume List
Table 2020-2030 Australia Biphenyl Import & Export List
Table 2020-2030 Europe Biphenyl Market Size And Market Volume List
Table 2020-2030 Europe Biphenyl Demand List By Application
Table 2020-2025 Europe Biphenyl Key Players Sales List
Table 2020-2025 Europe Biphenyl Key Players Market Share List
Table 2020-2030 Europe Biphenyl Demand List By Type
Table 2020-2025 Europe Biphenyl Price List By Type
Table 2020-2030 Germany Biphenyl Market Size And Market Volume List
Table 2020-2030 Germany Biphenyl Import & Export List
Table 2020-2030 France Biphenyl Market Size And Market Volume List
Table 2020-2030 France Biphenyl Import & Export List
Table 2020-2030 United Kingdom Biphenyl Market Size And Market Volume List
Table 2020-2030 United Kingdom Biphenyl Import & Export List
Table 2020-2030 Italy Biphenyl Market Size And Market Volume List
Table 2020-2030 Italy Biphenyl Import & Export List
Table 2020-2030 Spain Biphenyl Market Size And Market Volume List
Table 2020-2030 Spain Biphenyl Import & Export List
Table 2020-2030 Belgium Biphenyl Market Size And Market Volume List
Table 2020-2030 Belgium Biphenyl Import & Export List
Table 2020-2030 Netherlands Biphenyl Market Size And Market Volume List
Table 2020-2030 Netherlands Biphenyl Import & Export List
Table 2020-2030 Austria Biphenyl Market Size And Market Volume List
Table 2020-2030 Austria Biphenyl Import & Export List
Table 2020-2030 Poland Biphenyl Market Size And Market Volume List
Table 2020-2030 Poland Biphenyl Import & Export List
Table 2020-2030 Russia Biphenyl Market Size And Market Volume List
Table 2020-2030 Russia Biphenyl Import & Export List
Table 2020-2030 Mea Biphenyl Market Size And Market Volume List
Table 2020-2030 Mea Biphenyl Demand List By Application
Table 2020-2025 Mea Biphenyl Key Players Sales List
Table 2020-2025 Mea Biphenyl Key Players Market Share List
Table 2020-2030 Mea Biphenyl Demand List By Type
Table 2020-2025 Mea Biphenyl Price List By Type
Table 2020-2030 Egypt Biphenyl Market Size And Market Volume List
Table 2020-2030 Egypt Biphenyl Import & Export List
Table 2020-2030 Israel Biphenyl Market Size And Market Volume List
Table 2020-2030 Israel Biphenyl Import & Export List
Table 2020-2030 South Africa Biphenyl Market Size And Market Volume List
Table 2020-2030 South Africa Biphenyl Import & Export List
Table 2020-2030 Gulf Cooperation Council Countries Biphenyl Market Size And Market Volume List
Table 2020-2030 Gulf Cooperation Council Countries Biphenyl Import & Export List
Table 2020-2030 Turkey Biphenyl Market Size And Market Volume List
Table 2020-2030 Turkey Biphenyl Import & Export List
Table 2020-2025 Global Biphenyl Market Size List By Region
Table 2020-2025 Global Biphenyl Market Size Share List By Region
Table 2020-2025 Global Biphenyl Market Volume List By Region
Table 2020-2025 Global Biphenyl Market Volume Share List By Region
Table 2020-2025 Global Biphenyl Demand List By Application
Table 2020-2025 Global Biphenyl Demand Market Share List By Application
Table 2020-2025 Global Biphenyl Capacity List
Table 2020-2025 Global Biphenyl Key Vendors Capacity Share List
Table 2020-2025 Global Biphenyl Key Vendors Production List
Table 2020-2025 Global Biphenyl Key Vendors Production Share List
Table 2020-2025 Global Biphenyl Key Vendors Production Value List
Table 2020-2025 Global Biphenyl Key Vendors Production Value Share List
Table 2020-2025 Global Biphenyl Demand List By Type
Table 2020-2025 Global Biphenyl Demand Market Share List By Type
Table 2020-2025 Regional Biphenyl Price List
Table 2025-2030 Global Biphenyl Market Size List By Region
Table 2025-2030 Global Biphenyl Market Size Share List By Region
Table 2025-2030 Global Biphenyl Market Volume List By Region
Table 2025-2030 Global Biphenyl Market Volume Share List By Region
Table 2025-2030 Global Biphenyl Demand List By Application
Table 2025-2030 Global Biphenyl Demand Market Share List By Application
Table 2025-2030 Global Biphenyl Capacity List
Table 2025-2030 Global Biphenyl Key Vendors Capacity Share List
Table 2025-2030 Global Biphenyl Key Vendors Production List
Table 2025-2030 Global Biphenyl Key Vendors Production Share List
Table 2025-2030 Global Biphenyl Key Vendors Production Value List
Table 2025-2030 Global Biphenyl Key Vendors Production Value Share List
Table 2025-2030 Global Biphenyl Demand List By Type
Table 2025-2030 Global Biphenyl Demand Market Share List By Type
Table 2025-2030 Biphenyl Regional Price List
Figure Market Size Estimated Method
Figure Major Forecasting Factors
Figure Biphenyl Picture
Figure 2020-2030 Regional Trade Balance
Figure 2020-2030 North America Biphenyl Market Size And Cagr
Figure 2020-2030 North America Biphenyl Market Volume And Cagr
Figure 2020-2030 South America Biphenyl Market Size And Cagr
Figure 2020-2030 South America Biphenyl Market Volume And Cagr
Figure 2020-2030 Asia & Pacific Biphenyl Market Size And Cagr
Figure 2020-2030 Asia & Pacific Biphenyl Market Volume And Cagr
Figure 2020-2030 Europe Biphenyl Market Size And Cagr
Figure 2020-2030 Europe Biphenyl Market Volume And Cagr
Figure 2020-2030 Mea Biphenyl Market Size And Cagr
Figure 2020-2030 Mea Biphenyl Market Volume And Cagr
Figure 2020-2025 Global Biphenyl Capacity Production And Growth Rate
Figure 2020-2025 Global Biphenyl Production Value And Growth Rate
Figure 2025-2030 Global Biphenyl Capacity Production And Growth Rate
Figure 2025-2030 Global Biphenyl Production Value And Growth Rate
Research Methodology
- Market Estimated Methodology:
Bottom-up & top-down approach, supply & demand approach are the most important method which is used by HDIN Research to estimate the market size.
1)Top-down & Bottom-up Approach
Top-down approach uses a general market size figure and determines the percentage that the objective market represents.
Bottom-up approach size the objective market by collecting the sub-segment information.
2)Supply & Demand Approach
Supply approach is based on assessments of the size of each competitor supplying the objective market.
Demand approach combine end-user data within a market to estimate the objective market size. It is sometimes referred to as bottom-up approach.
- Forecasting Methodology
- Numerous factors impacting the market trend are considered for forecast model:
- New technology and application in the future;
- New project planned/under contraction;
- Global and regional underlying economic growth;
- Threatens of substitute products;
- Industry expert opinion;
- Policy and Society implication.
- Analysis Tools
1)PEST Analysis
PEST Analysis is a simple and widely used tool that helps our client analyze the Political, Economic, Socio-Cultural, and Technological changes in their business environment.
- Benefits of a PEST analysis:
- It helps you to spot business opportunities, and it gives you advanced warning of significant threats.
- It reveals the direction of change within your business environment. This helps you shape what you’re doing, so that you work with change, rather than against it.
- It helps you avoid starting projects that are likely to fail, for reasons beyond your control.
- It can help you break free of unconscious assumptions when you enter a new country, region, or market; because it helps you develop an objective view of this new environment.
2)Porter’s Five Force Model Analysis
The Porter’s Five Force Model is a tool that can be used to analyze the opportunities and overall competitive advantage. The five forces that can assist in determining the competitive intensity and potential attractiveness within a specific area.
- Threat of New Entrants: Profitable industries that yield high returns will attract new firms.
- Threat of Substitutes: A substitute product uses a different technology to try to solve the same economic need.
- Bargaining Power of Customers: the ability of customers to put the firm under pressure, which also affects the customer's sensitivity to price changes.
- Bargaining Power of Suppliers: Suppliers of raw materials, components, labor, and services (such as expertise) to the firm can be a source of power over the firm when there are few substitutes.
- Competitive Rivalry: For most industries the intensity of competitive rivalry is the major determinant of the competitiveness of the industry.
3)Value Chain Analysis
Value chain analysis is a tool to identify activities, within and around the firm and relating these activities to an assessment of competitive strength. Value chain can be analyzed by primary activities and supportive activities. Primary activities include: inbound logistics, operations, outbound logistics, marketing & sales, service. Support activities include: technology development, human resource management, management, finance, legal, planning.
4)SWOT Analysis
SWOT analysis is a tool used to evaluate a company's competitive position by identifying its strengths, weaknesses, opportunities and threats. The strengths and weakness is the inner factor; the opportunities and threats are the external factor. By analyzing the inner and external factors, the analysis can provide the detail information of the position of a player and the characteristics of the industry.
- Strengths describe what the player excels at and separates it from the competition
- Weaknesses stop the player from performing at its optimum level.
- Opportunities refer to favorable external factors that the player can use to give it a competitive advantage.
- Threats refer to factors that have the potential to harm the player.
- Data Sources
Primary Sources | Secondary Sources |
---|---|
Face to face/Phone Interviews with market participants, such as: Manufactures; Distributors; End-users; Experts. Online Survey |
Government/International Organization Data: Annual Report/Presentation/Fact Book Internet Source Information Industry Association Data Free/Purchased Database Market Research Report Book/Journal/News |