The Global Biphenyl Market is Expected to reach USD 2.5 Billion by 2030, at a CAGR of 4.8% during the forecast period 2021 to 2030.
In the food and beverage industry, biphenyl is commonly used as a flavoring agent and food preservative. It is a byproduct of benzoic acid and sodium benzoate, which are widely utilized in the beverage sector. The growing demand for soft drinks, especially among millennials, is a key driver of the biphenyl market, as sodium benzoate is frequently used to address off-flavors in these beverages. Additionally, biphenyl is used as an adjuvant or flavoring agent, and its role as an adjuvant in vaccines — enhancing the immune response and promoting the production of more antibodies and longer-lasting protection — is also contributing to market growth. However, supply limitations in the short to medium term are impacted by transportation regulations and challenges related to material handling and transit, which affect distributors of biphenyl products.
This study gives a detailed analysis of drivers, restrains, opportunities and challenges limiting the market expansion of Biphenyl Market. The survey included a diverse set of players, including a balance of leading and growing manufacturers for business profiling, such as;
List of Key Market Players:
- ABacipharm Corporation
- Alfa Aesar
- Biosynth Carbosynth
- Daken Chemical Limited
- Eastman Chemical Company
- Henan Tianfu Chemical Co., Ltd
- Jiangsu Zhongneng Chemical Technology Co., Ltd.
- Lanxess AG
- MainChem
- Merck kGaA
- Oakwood Products, Inc.
- Otto Chemie Pvt. Ltd.
- Springchem New Material Technology Co., Limited
- Taj Pharmaceuticals Ltd.
- TCI America
Our expert team is consistently working on updated data and information on the key player’s related business processes that value the market for future strategies and predictions
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Market Segmentation:
By Source
- Coal Tar Biphenyl
- Crude Oil Biphenyl
- Natural Gas Biphenyl
By Application
- Chemicals Intermediate
- Dyestuff Carrier for Textiles
- Fungicide
- Food Beverages
- Heat Transfer Fluids
- Solvents
Covered in this Report:
1. Go-to-market Strategy.
2. Neutral perspective on the market performance.
3. Development trends, competitive landscape analysis, supply side analysis, demand side analysis, year-on-year growth, competitive benchmarking, vendor identification, QMI quadrant, and other significant analysis, as well as development status.
4. Customized regional/country reports as per request and country level analysis.
5. Potential niche segments and regions exhibiting promising growth covered.
6.Analysis of Market Size (historical and forecast), Total Addressable Market (TAM), Serviceable Available Market (SAM), Serviceable Obtainable Market (SOM), Market Growth, Technological Trends, Market Share, Market Dynamics, Competitive Landscape and Major Players (Innovators, Start-ups, Laggard, and Pioneer).
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Industry Developments:
In February 2021- In Slovakia, a new warehouse was opened by Biosynth Carbosynth as a component of the European distribution hub.
Regional Analysis for Biphenyl Market:
✫ North America: (U.S., Canada, Mexico)
✫ Europe: (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)
✫ Asia-Pacific: (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)
✫ South America: (Colombia, Brazil, Argentina, Rest of South America)
✫ Middle East Africa: (Saudi Arabia, U.A.E., South Africa, Rest of Middle East Africa)
Benefits of the Report:
⏩ A descriptive analysis of demand-supply gap, market size estimation, SWOT analysis, PESTEL Analysis and forecast in the global market.
⏩ Top-down and bottom-up approach for regional analysis
⏩ Porter’s five forces model gives an in-depth analysis of buyers and suppliers, threats of new entrants substitutes and competition amongst the key market players.
⏩ By understanding the value chain analysis, the stakeholders can get a clear and detailed picture of this Market
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Frequently asked questions:
➥ What is the market size of the Biphenyl market?
➥ What is the market growth rate of the Biphenyl market?
➥ What are the Biphenyl market opportunities and threats faced by the vendors in the global Biphenyl Industry?
➥ Which application/end-user or product type may seek incremental growth prospects? What is the market share of each type and application?
➥ What focused approach and constraints are holding the Biphenyl market?
➥ What are the different sales, marketing, and distribution channels in the global industry?
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