Biphenyl Market Size

Biphenyl Market Size

Biphenyl Market was valued at over USD 267 million in 2023 and will register 6.2% CAGR from 2024 to 2032. The biphenyls market is experiencing tremendous growth driven by increasing R&D efforts aimed at exploring the attributes of biphenyls. Biphenyl, an aromatic hydrocarbon consisting of two linked benzene rings, has received considerable attention due to its unique chemical properties and how it works.

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For instance, in May 2023, Studies by researchers in the US and Portugal showed that molecular twisting stabilizes biphenyls, challenging the idea that perphenylanes are inherently unstable. The team led by Luis Santos of the University of Porto found that decaphenylbiphenyl and 2,2′,4 Molecular dispersion forces within 4′,6,6′-hexaphenylbiphenyls offset steric repulsions within these crowded molecules and the stability of their biphenyl derivatives was investigated using a combination of combustion calorimetry and density functional theory (DFT).
 

Pharmacokinetics of biphenyl derivatives have been studied for the development of new compounds with improved therapeutic potential. The agrochemical industry benefits from the use of biphenyl compounds as intermediates in the manufacture of herbicides and fungicides. Also, the electronics industry uses biphenyl, which is strong and conductive, in the manufacture of advanced products and devices. These increasing R&D activities are driving the demand for biphenyl as industries seek new solutions to improve product performance and sustainability, thus driving market expansion and creating new investment opportunities.
 

Despite the promising growth, there are several roadblocks to the biphenyl market. Stringent regulatory framework and environmental concerns are severely hampering market expansion. Biphenyls, as naturally occurring pollutants, pose potential health and environmental hazards, leading to strict safety regulations and manufacturing costs.
 

These factors, in turn, influence the raw materials price fluctuations and the availability of high-purity biphenyls, affecting production costs and profitability. The market faces competition from new chemicals and materials offering similar benefits but lesser environmental impact and regulatory burden. All these factors collectively challenge the growth trajectory of the market and require solutions and new and sustainable practices to overcome these obstacles.