Biphenyl Market Share Analysis

Biphenyl Market Size and Share Forecast Outlook (2025 to 2035)

The biphenyl market is experiencing a consistent surge in demand as it finds increasing application in industries like heat transfer fluids, agrochemicals, and industrial manufacturing. According to research, it is predicted that the market will reach USD 585 million by 2035, being driven by a projected CAGR of 4.6%.

Attribute	Details
Projected Value by 2035	USD 585 million
CAGR during the period 2025 to 2035	4.6%

Biphenyl, being an important compound, is colorless and organic. It is often used as an intermediate to synthesize fungicides, dyes, and heat transfer fluids that can withstand high temperatures. Companies like Eastman Chemical Company, LANXESS AG, and The Lubrizol Corporation are prioritizing high-purity biphenyl production and green manufacturing processes, which are essential to fulfil the regulatory requirements. Of the markets around the world, Asia-Pacific is the most profitable due to its booming chemical sector, followed by North America and Europe that have adopted sustainable production methods and specialty applications.

Top Biphenyl Market Dynamics and Industry Trends

Biphenyl (C₆H₅-C₆H₅) is a colorless, volatile, and viscous liquid that is commonly used as a solvent and is the most important commercial form of diphenyl. It is considered a non-polar aromatic hydrocarbon because it contains multiple aromatic rings attached to one another....

With a renewed emphasis on environmentally friendly processes, manufacturers are furthering their capability to produce high-quality products with fewer resources.

Key Growth Drivers Fueling the Biphenyl Industry

• Expansion in Agrochemical Sector: Biphenyl, as a fungicide intermediate, boosts demand in agriculture-driven markets.
• Demand Soars for Heat Transfer Fluids: Its presence in high-temperature heat transfer fluids boosts industrial applications.
• Dye and Pigment Output Surges: Biphenyl serves a crucial bridging component in the process of making specific dyestuffs and pigments.

Competitive Landscape of the Biphenyl Market

Category	Industry Share (%)
Top 3 Players (Lanxess, Lubrizol, and Eastman)	53%
Rest of the Top 5 (Sasol, Chevron Phillips Chemical)	34%
Others	13%

As of 2025, it is anticipated that the market will be consolidated with Tier-I players outperforming in innovation and production on a large scale.

Emerging Technology Trends in the Biphenyl Industry

• High-Purity Biphenyl: R&D of manufacturers is on the path of purification to comply with tough standards on heat transfer fluids and special applications.
• Sustainable Ways of Production: Companies are investing in green production methods to decrease the hazardous impacts on the environment and greenhouse gases.
• Bio-Based Biphenyl Alternatives: Research is ongoing about renewable feedstocks that can be used to promote sustainability in agrochemical and industrial applications.

Analysis of Top Countries Producing and Using Biphenyl

Region	Market Share (%)
Asia-Pacific	53%
Europe	25%
North America	20%
Others	5%

• Asia-Pacific: The leading region is strengthened by the robust agrochemical and dye production in China and India.
• Europe: Concentrates on the sustainable and powerful biphenyl usage in heat transfer fluids and specialty chemicals.
• North America: Valorizes high-purity biphenyl in the industrial and energy sector applications.
• Others: Gradual acceptance of biphenyl in niche applications in agrochemicals and industrial manufacturing.

End Use Segments

• Heat Transfer Fluids: The segment has the largest share of the market with 40%, driven by industrial and energy sector applications.
• Agrochemicals: The share is 30%, and it consists of the use of biphenyl as a precursor to fungicides.
• Dyes and Pigments: The segment accounts for 20%, where biphenyl is applied in manufacturing of specialty dyes.
• Others: Niche applications in coatings, electronics, which together make up 10% of the market.

Key Regulations

• North America: EPA has passed specific emission norms for biphenyl manufacture and endorsed green practices.
• Europe: The REACH agenda has been worked on toquisite adoption of zero-waste manufacturing and the production of high-purity biphenyl.
• Asia-Pacific: The likes of China have policies that offer quality standards for manufacturing fully developed products for the international market and for local environmental advantages.

Year-on-Year Growth Leaders in the Biphenyl Market

• Eastman Chemical Company: This firm has ambitious plans of producing high-purity biphenyl for the sectors of heat transfer fluids and industrial chemicals.
• LANXESS AG: The commitment has been towards blockchain in the manufacturing of unadulterated biphenyl for agrochemical applications.
• The Lubrizol Corporation: Advances were made in formulations for high-temperature fluids with the participation of other biphenyl-based substances.

Forecast Insights and Strategic Outlook for Biphenyl (2025 to 2035)

• Unchanged Blockchain: Agrochemical and dye production will be the mainstay of the market share of 50% for Asia-Pacific until 2035 due to continued innovation.
• Green Production Fuels New Ideas: Bio-based options along with green production practices will create new dynamics in the future.
• Biphenyl in Heat Transfer Fluids: The increase in the sector with more demand for high-temperature stability will ultimately lead to more use of biphenyl.

Companies That Shaped the Biphenyl Industry in 2024

• Eastman Chemical Company: It has set a new production capacity to meet challenges that arise from the growing number of industries that demand it.
• LANXESS AG: It has improved the production process by making it more eco-friendly to adhere to the required rules.
• The Lubrizol Corporation: Reinforced the partnership to bring about the new biphenyl-based products that will enhance the solutions in the field of thermal management.

Tier-wise Classification of Biphenyl Industry Participants

Tier	Tier-1
Market Share	53%
Examples	Lanxess, Lovrizol, and Eastman

Tier	Tier-2
Market Share	34%
Examples	Sasol, Chevron, Phillips

Tier	Tier-3
Market Share	13%
Examples	Regional and niche players

Key Performance Indicators for the Biphenyl Market

Relevant Key Performance Indicators (KPIs) are the production capacity, purity levels, applications in high-technology markets, and regional penetration. Trends in fungicide production and heat disposer demand are highlighted by these metrics.

Leading Companies in the Global Biphenyl Market

• Eastman Chemical Company: Manages high-purity production of biphenyl used for heat transfer and industrial applications.
• LANXESS AG: Achieves sustainability in the production of specialty chemicals such as biphenyl for agrochemical use.
• The Lubrizol Corporation: Provides innovations in advanced formulations for high-temperature thermal applications.
• Sasol: Provides high-quality biphenyl to regional markets and specialty applications.
• Chevron Phillips Chemical: Manufactures biphenyl derivatives particularly for the industrial market.

Supplier Recommendations

• Emphasize on High Purity Production: Establish innovative production methods to be able to address the increasing demand for specialty-grade and industrial-grade biphenyl.
• Sustainability Should Be the Core Focus: Implement environmentally friendly manufacturing processes to align with consumer needs and regulations.
• Broaden the Footprint in Asia-Pacific: Strengthen the regional presence as a means of revenue extraction from the agrochemical and industrial market sector.

Strategic Roadmap and Innovation Outlook for Biphenyl

The biphenyl market will undergo changes with sectors focusing on sustainable practices, energy-efficient materials, and development of advanced solutions. Companies will have to invest in cutting-edge technologies, bio-based substitutes, and regional growths to keep their competitive edge. Asia-Pacific will fish foremost in frontrunner growth while Europe and North America will target compliance amidst flagship applications. The interplay of chain global leaders and regional innovators will support the new paths and will guarantee a secure supply network.

Appendix

Definitions

Biphenyl (C₆H₅-C₆H₅) is an aromatic hydrocarbon used in agrochemicals, heat transfer fluids, and dyes.

Research Methodology Adopted in the Biphenyl Industry

Data sources include primary research (industry expert interviews) and secondary research (market reports, regulatory documents).

Top Segments Studied in the Biphenyl Market

By End-User

• Heat Transfer Fluids
• Agrochemicals
• Dyes and Pigments
• Others

By Region

• North America
• Europe
• Asia-Pacific