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Biphenyl Market Trends

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

Biphenyl Market Trends

The biphenyl industry is witnessing increasing demand owing to the discovery of new biphenyl derivatives in the pharmaceutical industry. Recent research has highlighted the potential of biphenyl compounds in drug development. These derivatives exhibit unique biological activity, making them promising for treating various diseases such as cancer, cardiovascular disease, and neurological conditions. The antagonistic properties of some biphenyl derivatives, bacterial and fungal, have led to their use in the development of new antibiotics.
 

Furthermore, the versatility of biphenyl structures allows the development of drugs with improved efficacy and reduced side effects. New developments in drug delivery systems using biphenyl derivatives further enhance their therapeutic potential. This trend is fueled by ongoing research and development efforts, which continue to identify new therapeutic applications. Consequently, the market for biphenyls is expanding as pharmaceutical companies invest in these promising compounds to meet the growing demand for advanced therapies.
 

Citing an instance, in October 2022, ZLM-66, another promising biphenyl-containing orally active doravirine analog, was discovered. Researchers from Yanbian University, Fudan University, and Rega Medical Research Institute identified a biphenyl-substituted pyridine derivative of doravirine, an FDA-approved non-nucleoside reverse transcriptase inhibitor (NNRTI) and started developing these drugs as HIV treatments and alternative therapies.
 

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.

Biphenyl Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 15
  • Tables & Figures: 532
  • Countries covered: 22
  • Pages: 300
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