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Biphenyl Market Size
- Report ID: GMI4889
- Published Date: Nov 2024
- Report Format: PDF
Biphenyl Market Size
The global biphenyl market was valued at USD 287.2 million in 2024 and is estimated to grow at a CAGR of over 5.9% from 2025 to 2034.
The biphenyls market is witnessing significant growth, fueled by heightened R&D efforts to delve into the properties of biphenyls. Biphenyl, an aromatic hydrocarbon made up of two interconnected benzene rings, has garnered substantial attention due to its distinctive chemical characteristics and functionalities.
| Report Attribute | Details |
|---|---|
| Base Year: | 2024 |
| Biphenyl Market Size in 2024: | USD 287.2 Million |
| Forecast Period: | 2025 – 2034 |
| Forecast Period 2025 – 2034 CAGR: | 5.9% |
| 2025 – 2034 Value Projection: | USD 513.8 Million |
| Historical Data for: | 2021 - 2024 |
| No. of Pages: | 205 |
| Tables, Charts & Figures: | 300 |
| Segments covered: | Source, Application |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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For example, in May 2023, researchers from the US and Portugal unveiled that molecular twisting enhances the stability of biphenyls, countering the long-held belief that perphenylanes are naturally unstable. The research team, spearheaded by Luis Santos from the University of Porto, discovered that in decaphenylbiphenyl and 2,2′,4′,6,6′-hexaphenylbiphenyls, molecular dispersion forces counteract steric repulsions in these densely packed molecules. They assessed the stability of these biphenyl derivatives through a blend of combustion calorimetry and density functional theory (DFT).
Research into the pharmacokinetics of biphenyl derivatives aims to forge new compounds with enhanced therapeutic benefits. The agrochemical sector leverages biphenyl compounds as key intermediates in crafting herbicides and fungicides. Furthermore, the electronics sector utilizes biphenyl, known for its strength and conductivity, in producing cutting-edge products and devices. These escalating R&D endeavors are not only amplifying the demand for biphenyl but also prompting industries to seek innovative solutions for enhanced product performance and sustainability. This trend is propelling market growth and unveiling fresh investment avenues.
However, the market faces notable challenges. A stringent regulatory landscape, coupled with environmental apprehensions, is stifling market growth. As natural pollutants, biphenyls present potential health and environmental risks, prompting rigorous safety regulations and escalating manufacturing expenses.
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Biphenyl Market Scope
