Biphenyl Market Size, Share, Trends, Report 2026 To 2035

Biphenyl Market Size and Forecast 2026 to 2035

The global biphenyl market size was estimated at USD 13.25 billion in 2025 and is predicted to increase from USD 13.99 billion in 2026 to approximately USD 22.74 billion by 2035, expanding at a CAGR of 5.55% from 2026 to 2035. The growth of the market is driven by growing demand due to its application in various fields because of its properties and sustainability. The biphenyl market is significant due to its critical role as an intermediate in producing high-performance polymers, fungicides, and pharmaceuticals. Driven by demand for heat transfer fluids, electronics, and food preservatives. It is widely used as an antifungal agent and preservative for citrus fruits, maintaining quality and extending shelf life. Biphenyl is vital as a heat transfer fluid, a solvent, and a key raw material for manufacturing dyes, engineering plastics, and other organic chemicals.

Market Highlights

• The Asia Pacific dominated biphenyl market with the largest revenue share of 52.00% in 2025. Increased government investments and projects drive the growth of the market.
• By region, North America is expected to have fastest growth in the market in the forecast period between 2026 and 2035. The growing demand from various industries fuels the growth of the market.
• By source, the cruide oil segment dominated the market and accounted for the largest revenue share of 45.00% in 2025. The heavy production of pharmaceuticals for skin conditions increased the demand.
• By source, the coal tar segment is projected to grow at the fastest CAGR between 2026 and 2035. The high demand from the textile industry drives the growth.
• By application, the dye carrier segment led the market with the largest revenue share of 38.00% in 2025. The high demand from the textile industry supports the growth.
• By application, the food and beverages segment is projected to grow at the fastest CAGR between 2026 and 2035. The growing demand for packaged food drives the growth.

Key Technological Shifts in the Biphenyl Market: 

Key technological shifts in the biphenyl market focus on enhancing production efficiency, purity, and sustainability, driven by AI-powered process optimization, advanced catalytic cracking, and green chemistry. Key innovations include digital twin modeling for manufacturing, membrane separation, and the development of specialized, high-purity derivatives for electronics and pharmaceuticals. 

Trade Analysis of the Biphenyl Market: Import & Export Statistics 

• Based on Global Export Data, between June 2024 and May 2025 (TTM), the world shipped 383 Biphenyl shipments through 89 verified exporters and 59 buyers, representing a 7% year-over-year increase. 
• The leading importers of Biphenyl are the United States, India, and Belgium.
  Additionally, from April 2024 to March 2025 (TTM), there were 21 Biphenyl shipments involving 10 verified exporters and 15 buyers. 
• During this period, the United States, Russia, and Japan were the primary importers, with the United States maintaining a leading export volume of 775 shipments, followed by China with 189 and India with 103.   

What is Biphenyl Used for?

• Heat Transfer Fluid: Biphenyl is commonly used as a heat transfer fluid in high-temperature applications. It is particularly useful in systems where high thermal stability is required. When mixed with diphenyl oxide, it forms a heat transfer fluid known as Therminol or similar products, which is used in chemical plants, power stations, and solar thermal systems.
• Intermediate in Chemical Synthesis: Biphenyl serves as an intermediate in the production of various chemicals, including phenolic compounds, pesticides, and pharmaceuticals. It is used to manufacture chemicals like dichlorobiphenyl (used in some herbicides and fungicides) and biphenylmethane, which is a precursor for other compounds.
• Plasticizers and Stabilizers: Biphenyl is sometimes used as a plasticizer or stabilizer in plastics, particularly in the manufacture of polyvinyl chloride (PVC). It helps improve the processing characteristics and stability of certain types of plastics.
• In the Production of PCB (Polychlorinated Biphenyls): Biphenyl was historically used as a base molecule for the production of polychlorinated biphenyls (PCBs), which were used as coolants and lubricants in electrical equipment like transformers. However, due to environmental concerns and their harmful effects, the use of PCBs has been largely banned. Biphenyl is still relevant as a component in the production of other chemicals and materials.
• Insecticides and Fungicides: Some biphenyl derivatives are used in the production of insecticides and fungicides for agricultural purposes. For example, biphenyl derivatives can help control fungal growth in crops or act as insect repellents.
• In the Manufacture of Dyes: Biphenyl is used in the synthesis of dyes, particularly indigo and other synthetic colorants used in textiles, plastics, and inks.
• As a Solvent: Biphenyl is used as a solvent in some chemical reactions and processes, due to its ability to dissolve non-polar compounds. It is especially useful in processes that require a non-polar solvent with high thermal stability.
• In the Production of Specialty Chemicals: Biphenyl is involved in the production of certain specialty chemicals, such as pharmaceuticals, flavors, and fragrances, where its aromatic nature can be used to introduce specific chemical characteristics.
• Used in Organic Synthesis: Biphenyl is utilized in organic synthesis reactions, where its structure is used as a building block for the creation of more complex compounds with various applications in materials science and pharmaceuticals.

Biphenyl Market Growth Trends:

• Growing Industrial Applications: Biphenyl is increasingly used as a high-temperature heat transfer agent and in the production of dyes, pharmaceuticals, and engineering plastics, which is a growing trend.
• Agrochemical Demand: The rise in sustainable farming and the need for fungicides, specifically, is boosting consumption, which fuels growth.
• Eco-Friendly Development: There is a strong trend toward developing environmentally responsible biphenyl derivatives to meet regulatory standards.

Biphenyl Market Value Chain Analysis

Chemical Synthesis and Processing

• Biphenyl is produced through processes such as benzene coupling reactions, thermal dehydrogenation, or byproduct recovery from petrochemical streams, followed by purification, crystallization, and grade refinement to meet industrial, chemical intermediate, and specialty application requirements.
• Key players: Lanxess AG, SABIC, Jiangsu Yangnong Chemical Group, Tokyo Chemical Industry (TCI).

Quality Testing and Certification

• Biphenyl requires certifications ensuring chemical purity, thermal stability, safe handling, and regulatory compliance. Key certifications include ISO quality standards, REACH registration, GHS classification compliance, and ASTM chemical testing standards. 
• Key players: ISO (International Organization for Standardization), ECHA (REACH), ASTM International, TÜV SÜD.

Distribution to Industrial Users

• Biphenyl is supplied to heat transfer fluid manufacturers, agrochemical producers, pharmaceutical intermediates manufacturers, dye and pigment producers, and specialty chemical formulators.
• Key players: Lanxess AG, SABIC, Jiangsu Yangnong Chemical Group.

Speciality Chemicals’ Regulatory Landscape: Global Regulations 

Segmental Insights 

Source Insights

How Did the Coal Tar Segment Dominate the Biphenyl Market in 2025?

The crude oil segment dominated the market share 45.00% in 2025, driven by demand in pharmaceuticals and dye carriers. This segment is expected to maintain its lead position as it is widely used for producing creosote, pitch, and specialized chemicals, which fuel the growth of the market. High demand for coal tar-derived biphenyl in the pharmaceutical sector to produce medicines for skin conditions like dermatitis and psoriasis further supports the growth and expansion of the market.

The coal tar segment is projected to grow at the fastest CAGR between 2026 and 2035 in the market, driven primarily by increasing demand in the textile industry. The crude oil segment is anticipated to show rapid growth, reflecting its expanding role in producing biphenyl for dyestuff carriers. Rising demand for dyes in the fashion industry and the use of biphenyl as a fungicide in food packaging are driving the market.

Biphenyl Market Share, By Source, 2025 (%)

• Crude Oil – Dominating with a 45.00% share, its extensive availability, mature refining infrastructure, and cost-efficient large-scale production make it the leading source for biphenyl manufacturing.
• Coal Tar – With a 35.00% share, it benefits from established by-product availability in coke production, but environmental concerns and declining coal usage limit its dominance.
• Natural Gas – Holding a 20.00% share, increasing adoption of cleaner production processes and rising availability of gas-based feedstocks are driving its growth momentum.

Application Insights

Which Application Segment Dominated the Biphenyl Market in 2025?

The dye carrier segment dominated the market share 38.00% in 2025, due to its growing usage in the preparation of dyes and pharmaceuticals. The growing demand for dyes and pharmaceutical compounds is a major driver supporting the growth of the market. Dye carrier is also recognized as a key application, particularly in textile applications, which further fuels the growth and expansion of the market.

The food and beverages segment is projected to grow at the fastest CAGR between 2026 and 2035 in the market. Growth is fueled by increasing demand for processed and packaged foods, changing dietary habits, and an expanding global population. The industry is focusing on healthier options, such as functional foods and beverages, that require specific additives and preservatives, which further drives the growth and expansion of the market. 

Biphenyl Market Share, By Application, 2025 (%)

• Dye Carrier – Dominating with a 38.00% share, its extensive use in textile processing and dyeing applications, especially in polyester fabrics, drives strong and consistent demand.
• Pharmaceuticals Solvent – With a 22.00% share, growing pharmaceutical production and the need for high-purity solvents support steady demand, though it remains secondary to textile-driven usage.
• Food and Beverages – Holding a 15.00% share, its application in preservation and packaging adds moderate demand, but strict regulations limit wider adoption.
• Chemical Intermediates – With a 10.00% share, its role in producing specialty chemicals contributes to niche demand, but limited volume applications restrict market dominance.
• Others – Making up 15.00% of the market, diverse minor applications provide supplemental demand but lack scale to significantly impact overall market share.

Regional Insights

The Asia Pacific Biphenyl market size was valued at USD 6.89 billion in 2025 and is expected to be worth around USD 11.94 billion by 2035, exhibiting at a compound annual growth rate (CAGR) of 5.65% over the forecast period from 2026 to 2035.Asia Pacific dominated the market share 52.00% in 2025, driven by rapid industrialization, massive manufacturing expansion, and high demand from the electronics and chemical sectors. Robust expansion in the chemical, pharmaceutical, and textile sectors has fueled demand for biphenyl as a key chemical intermediate. Significant investments in thermal management systems and petrochemical infrastructure support the region’s market leadership, further fueling the growth and expansion of the market.

India Biphenyl Market Growth Trends

India is experiencing robust growth in the market, driven by demand from India's expanding textile and manufacturing sectors, as India's textile manufacturers increasingly use biphenyl to improve fabric quality. Rising demand for biphenyl as a chemical intermediate in pharmaceutical applications is boosting the market size in the country. Key players like Lanxess AG and various specialty chemical companies are driving innovation, with a focus on enhancing production efficiency and expanding market share. 

North America Biphenyl Market Growth Analysis

North America is expected to have fastest growth in the market share in the forecast period between 2026 and 2035, driven by high demand in the aviation, pharmaceutical, and chemical manufacturing sectors, often maintaining a leading market position. The market in the region is valued for its application in heat transfer fluids, preservatives, and organic synthesis, and is supported by technological advancements and industrial expansion fuels the growth.

U.S. Biphenyl Market Growth Trends

The U.S. biphenyl market is experiencing steady growth, driven by its critical role as a high-temperature heat transfer fluid and in the synthesis of agrochemicals and dyes. The market growth is supported by industrial expansion, rapid adoption of advanced manufacturing technologies, particularly in the U.S. and Canada, supports the demand for high-purity biphenyl. Another major driver is the use of biphenyl as a heat transfer fluid in the U.S. aerospace sector to maintain optimal temperatures.

Europe Biphenyl Market Growth Analysis

The European market is experiencing steady growth, driven by demand in high-end applications like photo initiators, pharmaceuticals, and specialized chemical intermediates, which propels growth. Germany and the UK are the primary regional drivers, focusing on sustainable chemical manufacturing and high-tech industrial applications. Major industry participants, including Merck KGaA, are actively involved in the European market. 

Germany Biphenyl Market Growth Trends

The German biphenyl market is experiencing steady growth, driven by the nation's robust automotive, electronics, and specialty chemical sectors. Demand is rising for applications in high-performance polymers, liquid crystal displays (LCDs), and thermal management, which drives the growth of the market. The demand for high-performance materials in the electric vehicle and electronics sectors remains a strong driver for biphenyl, which is used in heat-resistant, insulating materials. 

Biphenyl Market Share, By Regional, 2025 (%)

• Asia Pacific – Dominating with a 52.00% share, strong chemical manufacturing bases, high textile production, and growing pharmaceutical industries drive large-scale biphenyl consumption.
• Europe – With a 22.00% share, well-established specialty chemical and pharmaceutical sectors support steady demand, though growth is moderated by stringent environmental regulations.
• North America – Holding an 18.00% share, advanced industrial infrastructure and stable demand from pharmaceuticals and chemicals sustain the market, but slower growth limits higher share.
• Latin America – With a 5.00% share, developing industrial activities and moderate chemical sector growth contribute to limited market presence.
• Middle East & Africa – Making up 3.00% of the market, emerging industrialization and smaller-scale chemical production result in minimal contribution to overall demand.

Recent Developments

• In October 2025, Kolmar Korea, in collaboration with BASF, is nearing the commercialization of a next-generation sunscreen ingredient, Tris-biphenyl Triazine, which offers complex UV blocking functions by absorbing and reflecting both UV-A and UV-B rays simultaneously.(Source: dbr.donga.com)
• In December 2025, Nigeria launched its first Polychlorinated Biphenyls (PCBs) Treatment Centre in Abuja, designed to eliminate hazardous chemical pollution and serve as only the second such facility in Africa. The center aims for the environmentally sound disposal and decontamination of PCBs found in electrical equipment, fulfilling Nigeria's obligations under the Stockholm Convention.(Source: guardian.ng)

Top players in the Biphenyl Market & Their Offerings: 

• Eastman Chemical Company: Eastman is a major global producer of biphenyl, supplying both industrial-grade and high-purity products used as heat transfer fluids, chemical intermediates, and solvent systems. Its proprietary synthesis technologies support applications in high-temperature systems and specialty chemical manufacturing. 
• LANXESS AG: LANXESS produces biphenyl and related specialty chemicals, particularly serving the agrochemical, industrial chemical, and heat transfer segments. The company also focuses on recycling and sustainability-oriented processes in European markets with strict regulatory standards. 
• Dow Inc.: Dow supplies biphenyl and related intermediates as part of its broad portfolio of aromatic chemicals, serving applications in heat transfer fluids, polymer intermediates, and industrial chemicals. Its global distribution network supports a diverse set of end-users. 
• BASF SE: BASF offers biphenyl products that function as chemical synthesis intermediates and solvents. The company’s emphasis on high-quality and customizable grades supports pharmaceutical synthesis, agrochemicals, and specialty polymer production. 
• Huntsman Corporation: Huntsman manufactures biphenyl as part of its specialty chemicals portfolio for uses in chemical intermediates, industrial applications, and thermal systems. Its offerings target diversified end markets needing reliable, high-performance organic chemicals. 
• Merck KGaA 
• Tokyo Chemical Industry Co., Ltd. 
• Jiangsu Zhongneng Chemical Technology Co., Ltd. 
• Matrix Scientific 
• Biosynth® Carbosynth 
• Taj Pharmaceuticals Ltd. 
• Award
• Oakwood Chemical
• Xingrui Industry Co. Ltd.
• Hangzhou Keying Chem Co. Ltd.
• LGC Standards
• Ozeal Certified Standards
• AA Blocks
• MuseChem
• Life Chemicals
• Win-Win Chemical
• Matrix Scientific
• Debye Scientific Co.
• Loba Chemie
• 3B Scientific Corporation Ltd.

Biphenyl Market Segments List

By Source

• Crude Oil
• Coal Tar
• Natural Gas 

By Application

• Pharmaceuticals Solvent
• Dye Carrier
• Food and Beverages
• Chemical Intermediates
• Others

By Regions

• North America
  
  • U.S.
  • Canada
  • Mexico
• Europe
  
  • Germany
  • UK
  • France
  • Italy
  • Spain
• Asia Pacific
  
  • China
  • India
  • Japan
  • South Korea
• Latin America
  
  • Brazil
  • Argentina
• Middle East & Africa
  
  • Saudi Arabia
  • South Africa