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Biphenyl Market Share

Report ID: GMI4889
Published Date: Jul 2024
Report Format: PDF

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Biphenyl Market Share

The concerted efforts of the dedicated companies in this field drive the market demand for biphenyl. Leading companies are investing in advanced research and development to explore new applications and increase the performance of biphenyl derivatives. Companies focus on sustainable manufacturing to address environmental concerns in line with global regulatory standards. Strategic partnerships and expansion in high-growth regions such as Asia-Pacific strengthen market presence and meet local needs. Moreover, companies are developing innovations in manufacturing processes, such as more efficient water heaters and chemical intermediates, thereby boosting market growth. All these efforts are driving increased demand for biphenyl in various industries.

Biphenyl Market Companies

Major companies operating in the biphenyl industry competitive landscape include:

Matrix Scientific
LGC Standards (part of LGC Group)
Taj Pharmaceuticals Ltd
Biosynth Carbosynth
Huntsman
Lanxess AG
ABCR GmbH
AK Scientific, Inc.
Eastman Chemical Company
Thermo Fisher Scientific
Merck KgaA
Tokyo Chemical Industry Co., Ltd.
Santa Cruz Biotechnology
Clearsynth Labs
Debye Scientific Co., Ltd.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

Global industry size for biphenyl was valued at USD 267 million in 2023 and is anticipated to register 6.2% CAGR between 2024 and 2032 due to the increasing use of agrochemicals in agricultural production and rapid growth of the global chemical industry.

The crude oil segment in the biphenyl market will register 5.8% CAGR through 2024-2032 due to its availability and cost-effectiveness in petrochemical heating applications driven by global demand and steady supply.

Asia Pacific market size will record 9.2% CAGR from 2024-2032, due to rising demand in China, India, and Japan for biphenyl-based materials in manufacturing, medicine, and agriculture amid rapid urbanization.

Matrix Scientific, LGC Standards (part of LGC Group), Taj Pharmaceuticals Ltd, Biosynth Carbosynth, Huntsman, Lanxess AG, ABCR GmbH, AK Scientific, Inc., Eastman Chemical Company, Thermo Fisher Scientific, and Merck KgaA, among others.