Biphenyl Market Size:
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The Biphenyl Market Size was valued at USD 1.5 billion in 2023 and is expected to reach USD 2.3 billion by 2032 and grow at a CAGR of 4.8% over the forecast period 2024-2032.
The biphenyl market is characterized by a growing demand driven by its diverse applications across several industries, particularly in the manufacturing of chemicals, agrochemicals, and the petroleum sector. Biphenyl, primarily used as a heat transfer fluid and a solvent, has gained attention due to its effectiveness in facilitating thermal transfer in high-temperature processes. The chemical's stability and non-corrosive nature make it an attractive option for use in industrial applications, including heat exchangers and thermal oils, which are essential for various manufacturing processes. This rising demand for efficient heat transfer solutions is significantly influencing market dynamics, as industries strive for improved energy efficiency and sustainability.
Recent developments in the biphenyl market have been notably shaped by the advancements in the petrochemical sector, where companies are enhancing production methods to meet the increasing demands. For instance, the introduction of advanced distillation techniques has allowed for higher purity levels of biphenyl, which is crucial for its applications in specialty chemicals. The growing emphasis on the production of high-performance materials is pushing manufacturers to innovate and improve their product offerings. Furthermore, companies are focusing on expanding their production capacities and optimizing existing facilities to cater to the evolving requirements of various end-user industries, which include pharmaceuticals, plastics, and personal care products.
Sustainability initiatives are also gaining traction within the biphenyl market, prompting organizations to explore eco-friendly alternatives and production processes. Recent investments in research and development are aimed at synthesizing biphenyl derivatives that exhibit lower environmental impact while maintaining high efficiency. This shift is being fueled by stringent regulations surrounding chemical production and usage, pushing manufacturers to adopt greener practices. The movement towards sustainability is not only influencing production techniques but also enhancing the market appeal of biphenyl as an environmentally responsible option for industries aiming to reduce their carbon footprint.
Moreover, the global expansion of the automotive and electronics sectors is significantly contributing to the demand for biphenyl, as it plays a crucial role in the production of various components. Its use in manufacturing insulating materials for electronic devices and heat-resistant coatings for automotive applications underscores its versatility. Companies are actively engaging in collaborations and strategic partnerships to develop innovative applications for biphenyl, aiming to leverage its properties for enhanced product performance. The focus on innovation, combined with a commitment to sustainability, is positioning biphenyl as a key player in the evolving landscape of industrial chemicals, driven by the need for efficient and environmentally conscious solutions.
Market Dynamics:
Drivers:
Growing Demand for Eco-Friendly Products in Various Industries Boosts the Biphenyl Market Growth
The increasing emphasis on sustainability is a significant driver for the biphenyl market. Industries across the board are transitioning towards greener alternatives, seeking products that align with environmental regulations and consumer preferences for eco-friendly solutions. Biphenyl, known for its effectiveness as a heat transfer fluid and solvent, fits this mold. Its ability to provide efficient thermal management without compromising safety or environmental standards has made it a preferred choice in various applications. Industries such as pharmaceuticals, electronics, and petrochemicals are incorporating biphenyl into their processes due to its non-toxic nature and potential for reducing overall carbon footprints. Moreover, stringent government regulations aimed at minimizing hazardous materials in manufacturing processes are compelling businesses to adopt safer, more sustainable chemicals like biphenyl. As companies strive to innovate and implement sustainable practices, the demand for eco-friendly biphenyl products is expected to grow, propelling the market forward. This trend not only aligns with global environmental goals but also enhances brand image, offering competitive advantages to manufacturers who prioritize sustainability in their product offerings.
Advancements in Petrochemical Production Technologies Fueling Biphenyl Market Expansion
The rapid evolution of petrochemical production technologies is a vital driver for the growth of the biphenyl market. With advancements in extraction and refining processes, manufacturers are achieving higher purity levels and improved efficiency in biphenyl production. Techniques such as advanced distillation and catalytic cracking are being increasingly utilized, resulting in enhanced yield and reduced energy consumption. This is particularly important as industries demand high-quality biphenyl for various applications, including heat transfer fluids, solvents, and chemical intermediates. Furthermore, innovations in production methodologies are enabling companies to scale up operations while maintaining cost-effectiveness, which is crucial in a competitive market. As the petrochemical sector continues to innovate, it is not only meeting the rising demand for biphenyl but also improving the overall sustainability of its operations. This technological progress is driving the market by ensuring a consistent supply of high-quality biphenyl products that meet industry standards and customer expectations, thereby reinforcing its position as a critical component in various manufacturing processes.
Restraint:
Regulatory Challenges Impacting Biphenyl Production and Usage
Despite its advantages, the biphenyl market faces significant challenges due to stringent regulatory frameworks surrounding chemical production and use. Governments worldwide are imposing regulations aimed at minimizing the environmental impact of chemical substances, and biphenyl is no exception. These regulations often involve complex compliance procedures, requiring manufacturers to invest substantial resources in research, testing, and reporting to ensure their products meet safety and environmental standards. Such compliance can lead to increased production costs, which may be passed on to consumers, ultimately affecting market demand. Additionally, the potential for penalties or restrictions on the use of biphenyl in certain applications poses risks for manufacturers. This regulatory landscape can create uncertainty in the market, making it challenging for companies to plan their operations effectively. As the landscape of chemical regulations continues to evolve, it will be essential for manufacturers to stay informed and adaptable to navigate these challenges while maintaining their competitive edge in the biphenyl market.
Opportunity:
Emerging Applications in the Electronics Sector Present New Opportunities for Biphenyl Market Growth
The expansion of the electronics sector is presenting new opportunities for the biphenyl market, as the demand for advanced materials continues to rise. Biphenyl is increasingly being recognized for its beneficial properties in applications such as insulating materials and thermal management systems for electronic devices. As electronics become more compact and energy-efficient, the need for effective thermal solutions is paramount. Biphenyl's stability and heat resistance make it an ideal candidate for applications in this rapidly evolving industry. Manufacturers are now exploring innovative formulations and product designs that leverage biphenyl's properties to enhance the performance of electronic components, including semiconductors and circuit boards. This trend is driving research and development initiatives focused on creating specialized biphenyl derivatives that cater to specific industry needs. As the electronics sector grows and evolves, the demand for biphenyl is expected to increase, offering manufacturers the chance to expand their product portfolios and capture a larger share of this emerging market segment. The potential for collaboration between biphenyl producers and electronics manufacturers further amplifies these growth opportunities, paving the way for innovative applications and solutions.
Challenge:
Supply Chain Disruptions Challenge Biphenyl Market Stability
The biphenyl market is currently challenged by supply chain disruptions that are affecting production and distribution processes. Global events, such as geopolitical tensions, natural disasters, and the ongoing impacts of the pandemic, have highlighted the vulnerability of supply chains across various industries. For biphenyl producers, these disruptions can lead to delays in sourcing raw materials, increased transportation costs, and uncertainty in delivery schedules. Such challenges not only hinder the ability to meet rising market demand but also complicate inventory management, leading to potential revenue losses. Additionally, as manufacturers strive to maintain consistent quality and availability of biphenyl products, fluctuations in supply can cause pricing instability, which may deter potential customers. Companies in the biphenyl market must develop robust contingency plans and diversify their supply chains to mitigate these risks. This may involve seeking alternative suppliers, investing in localized production facilities, or enhancing logistical capabilities to ensure a steady flow of materials and finished products. The ability to navigate these supply chain challenges will be crucial for sustaining growth and maintaining competitiveness in the biphenyl market.
Key Market Segments
By Product Type
In 2023, the Pure Biphenyl segment dominated the biphenyl market, holding an estimated market share of approximately 65%. This dominance is attributed to the widespread use of pure biphenyl as a high-performance heat transfer fluid in industrial applications, particularly in processes requiring efficient thermal management. For example, in the petrochemical and chemical processing industries, pure biphenyl is often utilized due to its excellent thermal stability and non-corrosive nature, making it ideal for high-temperature operations. Additionally, the demand for pure biphenyl in the manufacturing of specialty chemicals and as a solvent further reinforces its leading position in the market. As industries increasingly prioritize efficiency and performance, the preference for pure biphenyl continues to grow, driving its market share higher compared to derivatives.
By Application
In 2023, the Heat Transfer Fluids application segment dominated the biphenyl market with an estimated market share of around 50%. This dominance is largely due to the increasing demand for efficient thermal management solutions across various industries, such as petrochemicals, manufacturing, and energy production. Biphenyl is favored in heat transfer applications due to its high thermal conductivity and stability at elevated temperatures. For instance, in power plants and chemical processing facilities, biphenyl-based heat transfer fluids are critical for maintaining optimal operating conditions. The ability to manage heat effectively enhances energy efficiency, making biphenyl an attractive choice for companies seeking to optimize their processes. As industries continue to expand and innovate, the reliance on biphenyl for heat transfer applications remains strong, contributing to its significant market share.
By End-User Industry
In 2023, the Chemical Industry segment dominated the biphenyl market, with an estimated market share of about 40%. The chemical industry utilizes biphenyl primarily as a solvent and as a precursor in the synthesis of various chemical intermediates, driving its demand significantly. For example, biphenyl is commonly used in the production of pharmaceuticals and agrochemicals, where it serves as a critical building block in the formulation of active ingredients. Additionally, the chemical industry's growing focus on innovation and efficiency further enhances the attractiveness of biphenyl, as manufacturers seek high-quality solvents that provide consistent performance. As chemical production scales up globally, the reliance on biphenyl in this sector solidifies its position as a dominant player, reflecting the sector's broader trends toward enhanced productivity and sustainability.
Regional Analysis
In 2023, North America emerged as the dominant region in the biphenyl market, with an estimated market share of approximately 40%. This significant share is primarily driven by the robust presence of key industries, including petrochemicals, pharmaceuticals, and chemicals manufacturing, which heavily utilize biphenyl for various applications. The United States, in particular, is home to numerous large-scale chemical plants and refineries that leverage biphenyl for heat transfer fluids and as a solvent in chemical processes. For example, companies in the petrochemical sector have increasingly adopted biphenyl for its effective thermal management properties, particularly in high-temperature operations. Furthermore, stringent regulations promoting the use of eco-friendly and efficient chemicals have reinforced the adoption of biphenyl in North America, ensuring its leading market position.
Moreover, in 2023, the Asia-Pacific region emerged as the fastest-growing market for biphenyl, with a CAGR of approximately 6%. This growth can be attributed to the rapid industrialization and increasing demand for chemicals in countries such as China and India, where the expansion of the chemical and pharmaceutical sectors is particularly notable. As these economies continue to develop, the demand for biphenyl as a chemical intermediate and heat transfer fluid is expected to rise significantly. For instance, the burgeoning electronics and automotive industries in the Asia-Pacific region are driving the need for advanced materials and thermal management solutions, further enhancing the uptake of biphenyl. Additionally, favorable government policies aimed at boosting domestic manufacturing and sustainability initiatives are likely to support this growth trajectory, making the Asia-Pacific region a key player in the biphenyl market's future.
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Key Players
AkzoNobel N.V. (biphenyl, diphenyl ether)
BASF SE (biphenyl, 4-bromobiphenyl)
Dow Inc. (biphenyl, heat transfer fluids)
Eastman Chemical Company (biphenyl, phenol)
FMC Corporation (biphenyl derivatives, herbicides)
Huntsman Corporation (biphenyl, thermal transfer fluids)
Merck KGaA (biphenyl, 4,4'-diphenyl)
Solvay S.A. (biphenyl, specialty chemicals)
Tokyo Chemical Industry Co., Ltd. (TCI) (biphenyl, 4-iodobiphenyl)
Wacker Chemie AG (biphenyl, silicone fluids)
Aldrich Chemical Company (biphenyl, biphenyl-4-carboxylic acid)
Alfa Aesar (biphenyl, biphenyl-3,4-dicarboxylic acid)
ChemSpider (biphenyl, biphenyl-2,2'-dicarboxylic acid)
Daiichi Kankyou Engineering Co., Ltd. (biphenyl, biphenyl derivatives)
Fluor Corporation (biphenyl, heat transfer fluids)
Indo Gulf Fertilizers & Chemicals Corporation (biphenyl, chemical intermediates)
LyondellBasell Industries N.V. (biphenyl, specialty chemicals)
Reliance Industries Limited (biphenyl, petrochemicals)
SABIC (biphenyl, specialty chemicals)
Sigma-Aldrich Corporation (biphenyl, biphenyl-d4)
Report Attributes | Details |
---|---|
Market Size in 2023 | US$ 1.5 Billion |
Market Size by 2032 | US$ 2.3 Billion |
CAGR | CAGR of 4.8% From 2024 to 2032 |
Base Year | 2023 |
Forecast Period | 2024-2032 |
Historical Data | 2020-2022 |
Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
Key Segments | •By Product Type (Pure Biphenyl, Biphenyl Derivatives) •By Application (Chemical Intermediates, Heat Transfer Fluids, Agricultural Chemicals, Pharmaceuticals, Others) •By End-User Industry (Chemical Industry, Agriculture, Pharmaceuticals, Food and Beverage, Textiles, Others) |
Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia, Rest of Latin America) |
Company Profiles | Eastman Chemical Company, BASF SE, Dow Inc., Merck KGaA, AkzoNobel N.V., FMC Corporation, Huntsman Corporation, Tokyo Chemical Industry Co., Ltd. (TCI), Wacker Chemie AG, Solvay S.A. and other key players |
Key Drivers | • Growing Demand for Eco-Friendly Products in Various Industries Boosts the Biphenyl Market Growth • Advancements in Petrochemical Production Technologies Fueling Biphenyl Market Expansion |
RESTRAINTS | • Regulatory Challenges Impacting Biphenyl Production and Usage |
Ans: The Biphenyl Market is expected to grow at a CAGR of 4.8%
Ans: The Biphenyl Market Size was valued at USD 1.5 billion in 2023 and is expected to reach USD 2.3 billion by 2032.
Ans: Emerging Applications in the Electronics Sector Present New Opportunities for Biphenyl Market Growth
Ans: Supply Chain Disruptions Challenge Biphenyl Market Stability
Ans: The North American region dominated the Biphenyl market holding the largest market share of about 40% during the forecast period.
Table of Content
1. Introduction
1.1 Market Definition
1.2 Scope (Inclusion and Exclusions)
1.3 Research Assumptions
2. Executive Summary
2.1 Market Overview
2.2 Regional Synopsis
2.3 Competitive Summary
3. Research Methodology
3.1 Top-Down Approach
3.2 Bottom-up Approach
3.3. Data Validation
3.4 Primary Interviews
4. Market Dynamics Impact Analysis
4.1 Market Driving Factors Analysis
4.1.1 Drivers
4.1.2 Restraints
4.1.3 Opportunities
4.1.4 Challenges
4.2 PESTLE Analysis
4.3 Porter’s Five Forces Model
5. Statistical Insights and Trends Reporting
5.1 Production Capacity and Utilization Analysis by Region
5.2 Feedstock Prices Analysis by Region
5.3 Regulatory Impact: Effects of regulations on production and usage.
5.4 Environmental Metrics Analysis by Region
5.5 Innovation and R&D
6. Competitive Landscape
6.1 List of Major Companies, By Region
6.2 Market Share Analysis, By Region
6.3 Product Benchmarking
6.3.1 Product specifications and features
6.3.2 Pricing
6.4 Strategic Initiatives
6.4.1 Marketing and promotional activities
6.4.2 Distribution and supply chain strategies
6.4.3 Expansion plans and new product launches
6.4.4 Strategic partnerships and collaborations
6.5 Technological Advancements
6.6 Market Positioning and Branding
7. Biphenyl Market Segmentation, by Product Type
7.1 Chapter Overview
7.2 Pure Biphenyl
7.2.1 Pure Biphenyl Market Trends Analysis (2020-2032)
7.2.2 Pure Biphenyl Market Size Estimates and Forecasts to 2032 (USD Billion)
7.3 Biphenyl Derivatives
7.3.1 Biphenyl Derivatives Market Trends Analysis (2020-2032)
7.3.2 Biphenyl Derivatives Market Size Estimates and Forecasts to 2032 (USD Billion)
8. Biphenyl Market Segmentation, by Application
8.1 Chapter Overview
8.2 Chemical Intermediates
8.2.1 Chemical Intermediates Market Trends Analysis (2020-2032)
8.2.2 Chemical Intermediates Market Size Estimates and Forecasts to 2032 (USD Billion)
8.3 Heat Transfer Fluids
8.3.1 Heat Transfer Fluids Market Trends Analysis (2020-2032)
8.3.2 Heat Transfer Fluids Market Size Estimates and Forecasts to 2032 (USD Billion)
8.4 Agricultural Chemicals
8.4.1 Agricultural Chemicals Market Trends Analysis (2020-2032)
8.4.2 Agricultural Chemicals Market Size Estimates and Forecasts to 2032 (USD Billion)
8.5 Pharmaceuticals
8.5.1 Pharmaceuticals Market Trends Analysis (2020-2032)
8.5.2 Pharmaceuticals Market Size Estimates and Forecasts to 2032 (USD Billion)
8.6 Others
8.6.1 Others Market Trends Analysis (2020-2032)
8.6.2 Others Market Size Estimates and Forecasts to 2032 (USD Billion)
9. Biphenyl Market Segmentation, by End-User Industry
9.1 Chapter Overview
9.2 Chemical Industry
9.2.1 Chemical Industry Market Trends Analysis (2020-2032)
9.2.2 Chemical Industry Market Size Estimates and Forecasts to 2032 (USD Billion)
9.3 Agriculture
9.3.1 Agriculture Market Trends Analysis (2020-2032)
9.3.2 Agriculture Market Size Estimates and Forecasts to 2032 (USD Billion)
9.4 Pharmaceuticals
9.4.1 Pharmaceuticals Market Trends Analysis (2020-2032)
9.4.2 Pharmaceuticals Market Size Estimates and Forecasts to 2032 (USD Billion)
9.5 Food and Beverage
9.5.1 Food and Beverage Market Trends Analysis (2020-2032)
9.5.2 Food and Beverage Market Size Estimates and Forecasts to 2032 (USD Billion)
9.6 Textiles
9.6.1 Textiles Market Trends Analysis (2020-2032)
9.6.2 Textiles Market Size Estimates and Forecasts to 2032 (USD Billion)
9.7 Others
9.7.1 Others Market Trends Analysis (2020-2032)
9.7.2 Others Market Size Estimates and Forecasts to 2032 (USD Billion)
10. Regional Analysis
10.1 Chapter Overview
10.2 North America
10.2.1 Trends Analysis
10.2.2 North America Biphenyl Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.2.3 North America Biphenyl Market Estimates and Forecasts, by Product Type (2020-2032) (USD Billion)
10.2.4 North America Biphenyl Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.2.5 North America Biphenyl Market Estimates and Forecasts, by End-User Industry (2020-2032) (USD Billion)
10.2.6 USA
10.2.6.1 USA Biphenyl Market Estimates and Forecasts, by Product Type (2020-2032) (USD Billion)
10.2.6.2 USA Biphenyl Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.2.6.3 USA Biphenyl Market Estimates and Forecasts, by End-User Industry (2020-2032) (USD Billion)
10.2.7 Canada
10.2.7.1 Canada Biphenyl Market Estimates and Forecasts, by Product Type (2020-2032) (USD Billion)
10.2.7.2 Canada Biphenyl Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.2.7.3 Canada Biphenyl Market Estimates and Forecasts, by End-User Industry (2020-2032) (USD Billion)
10.2.8 Mexico
10.2.8.1 Mexico Biphenyl Market Estimates and Forecasts, by Product Type (2020-2032) (USD Billion)
10.2.8.2 Mexico Biphenyl Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.2.8.3 Mexico Biphenyl Market Estimates and Forecasts, by End-User Industry (2020-2032) (USD Billion)
10.3 Europe
10.3.1 Eastern Europe
10.3.1.1 Trends Analysis
10.3.1.2 Eastern Europe Biphenyl Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.3.1.3 Eastern Europe Biphenyl Market Estimates and Forecasts, by Product Type (2020-2032) (USD Billion)
10.3.1.4 Eastern Europe Biphenyl Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.3.1.5 Eastern Europe Biphenyl Market Estimates and Forecasts, by End-User Industry (2020-2032) (USD Billion)
10.3.1.6 Poland
10.3.1.6.1 Poland Biphenyl Market Estimates and Forecasts, by Product Type (2020-2032) (USD Billion)
10.3.1.6.2 Poland Biphenyl Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.3.1.6.3 Poland Biphenyl Market Estimates and Forecasts, by End-User Industry (2020-2032) (USD Billion)
10.3.1.7 Romania
10.3.1.7.1 Romania Biphenyl Market Estimates and Forecasts, by Product Type (2020-2032) (USD Billion)
10.3.1.7.2 Romania Biphenyl Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.3.1.7.3 Romania Biphenyl Market Estimates and Forecasts, by End-User Industry (2020-2032) (USD Billion)
10.3.1.8 Hungary
10.3.1.8.1 Hungary Biphenyl Market Estimates and Forecasts, by Product Type (2020-2032) (USD Billion)
10.3.1.8.2 Hungary Biphenyl Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.3.1.8.3 Hungary Biphenyl Market Estimates and Forecasts, by End-User Industry (2020-2032) (USD Billion)
10.3.1.9 Turkey
10.3.1.9.1 Turkey Biphenyl Market Estimates and Forecasts, by Product Type (2020-2032) (USD Billion)
10.3.1.9.2 Turkey Biphenyl Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.3.1.9.3 Turkey Biphenyl Market Estimates and Forecasts, by End-User Industry (2020-2032) (USD Billion)
10.3.1.10 Rest of Eastern Europe
10.3.1.10.1 Rest of Eastern Europe Biphenyl Market Estimates and Forecasts, by Product Type (2020-2032) (USD Billion)
10.3.1.10.2 Rest of Eastern Europe Biphenyl Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.3.1.10.3 Rest of Eastern Europe Biphenyl Market Estimates and Forecasts, by End-User Industry (2020-2032) (USD Billion)
10.3.2 Western Europe
10.3.2.1 Trends Analysis
10.3.2.2 Western Europe Biphenyl Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.3.2.3 Western Europe Biphenyl Market Estimates and Forecasts, by Product Type (2020-2032) (USD Billion)
10.3.2.4 Western Europe Biphenyl Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.3.2.5 Western Europe Biphenyl Market Estimates and Forecasts, by End-User Industry (2020-2032) (USD Billion)
10.3.2.6 Germany
10.3.2.6.1 Germany Biphenyl Market Estimates and Forecasts, by Product Type (2020-2032) (USD Billion)
10.3.2.6.2 Germany Biphenyl Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.3.2.6.3 Germany Biphenyl Market Estimates and Forecasts, by End-User Industry (2020-2032) (USD Billion)
10.3.2.7 France
10.3.2.7.1 France Biphenyl Market Estimates and Forecasts, by Product Type (2020-2032) (USD Billion)
10.3.2.7.2 France Biphenyl Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.3.2.7.3 France Biphenyl Market Estimates and Forecasts, by End-User Industry (2020-2032) (USD Billion)
10.3.2.8 UK
10.3.2.8.1 UK Biphenyl Market Estimates and Forecasts, by Product Type (2020-2032) (USD Billion)
10.3.2.8.2 UK Biphenyl Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.3.2.8.3 UK Biphenyl Market Estimates and Forecasts, by End-User Industry (2020-2032) (USD Billion)
10.3.2.9 Italy
10.3.2.9.1 Italy Biphenyl Market Estimates and Forecasts, by Product Type (2020-2032) (USD Billion)
10.3.2.9.2 Italy Biphenyl Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.3.2.9.3 Italy Biphenyl Market Estimates and Forecasts, by End-User Industry (2020-2032) (USD Billion)
10.3.2.10 Spain
10.3.2.10.1 Spain Biphenyl Market Estimates and Forecasts, by Product Type (2020-2032) (USD Billion)
10.3.2.10.2 Spain Biphenyl Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.3.2.10.3 Spain Biphenyl Market Estimates and Forecasts, by End-User Industry (2020-2032) (USD Billion)
10.3.2.11 Netherlands
10.3.2.11.1 Netherlands Biphenyl Market Estimates and Forecasts, by Product Type (2020-2032) (USD Billion)
10.3.2.11.2 Netherlands Biphenyl Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.3.2.11.3 Netherlands Biphenyl Market Estimates and Forecasts, by End-User Industry (2020-2032) (USD Billion)
10.3.2.12 Switzerland
10.3.2.12.1 Switzerland Biphenyl Market Estimates and Forecasts, by Product Type (2020-2032) (USD Billion)
10.3.2.12.2 Switzerland Biphenyl Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.3.2.12.3 Switzerland Biphenyl Market Estimates and Forecasts, by End-User Industry (2020-2032) (USD Billion)
10.3.2.13 Austria
10.3.2.13.1 Austria Biphenyl Market Estimates and Forecasts, by Product Type (2020-2032) (USD Billion)
10.3.2.13.2 Austria Biphenyl Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.3.2.13.3 Austria Biphenyl Market Estimates and Forecasts, by End-User Industry (2020-2032) (USD Billion)
10.3.2.14 Rest of Western Europe
10.3.2.14.1 Rest of Western Europe Biphenyl Market Estimates and Forecasts, by Product Type (2020-2032) (USD Billion)
10.3.2.14.2 Rest of Western Europe Biphenyl Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.3.2.14.3 Rest of Western Europe Biphenyl Market Estimates and Forecasts, by End-User Industry (2020-2032) (USD Billion)
10.4 Asia Pacific
10.4.1 Trends Analysis
10.4.2 Asia Pacific Biphenyl Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.4.3 Asia Pacific Biphenyl Market Estimates and Forecasts, by Product Type (2020-2032) (USD Billion)
10.4.4 Asia Pacific Biphenyl Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.4.5 Asia Pacific Biphenyl Market Estimates and Forecasts, by End-User Industry (2020-2032) (USD Billion)
10.4.6 China
10.4.6.1 China Biphenyl Market Estimates and Forecasts, by Product Type (2020-2032) (USD Billion)
10.4.6.2 China Biphenyl Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.4.6.3 China Biphenyl Market Estimates and Forecasts, by End-User Industry (2020-2032) (USD Billion)
10.4.7 India
10.4.7.1 India Biphenyl Market Estimates and Forecasts, by Product Type (2020-2032) (USD Billion)
10.4.7.2 India Biphenyl Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.4.7.3 India Biphenyl Market Estimates and Forecasts, by End-User Industry (2020-2032) (USD Billion)
10.4.8 Japan
10.4.8.1 Japan Biphenyl Market Estimates and Forecasts, by Product Type (2020-2032) (USD Billion)
10.4.8.2 Japan Biphenyl Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.4.8.3 Japan Biphenyl Market Estimates and Forecasts, by End-User Industry (2020-2032) (USD Billion)
10.4.9 South Korea
10.4.9.1 South Korea Biphenyl Market Estimates and Forecasts, by Product Type (2020-2032) (USD Billion)
10.4.9.2 South Korea Biphenyl Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.4.9.3 South Korea Biphenyl Market Estimates and Forecasts, by End-User Industry (2020-2032) (USD Billion)
10.4.10 Vietnam
10.4.10.1 Vietnam Biphenyl Market Estimates and Forecasts, by Product Type (2020-2032) (USD Billion)
10.4.10.2 Vietnam Biphenyl Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.4.10.3 Vietnam Biphenyl Market Estimates and Forecasts, by End-User Industry (2020-2032) (USD Billion)
10.4.11 Singapore
10.4.11.1 Singapore Biphenyl Market Estimates and Forecasts, by Product Type (2020-2032) (USD Billion)
10.4.11.2 Singapore Biphenyl Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.4.11.3 Singapore Biphenyl Market Estimates and Forecasts, by End-User Industry (2020-2032) (USD Billion)
10.4.12 Australia
10.4.12.1 Australia Biphenyl Market Estimates and Forecasts, by Product Type (2020-2032) (USD Billion)
10.4.12.2 Australia Biphenyl Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.4.12.3 Australia Biphenyl Market Estimates and Forecasts, by End-User Industry (2020-2032) (USD Billion)
10.4.13 Rest of Asia Pacific
10.4.13.1 Rest of Asia Pacific Biphenyl Market Estimates and Forecasts, by Product Type (2020-2032) (USD Billion)
10.4.13.2 Rest of Asia Pacific Biphenyl Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.4.13.3 Rest of Asia Pacific Biphenyl Market Estimates and Forecasts, by End-User Industry (2020-2032) (USD Billion)
10.5 Middle East and Africa
10.5.1 Middle East
10.5.1.1 Trends Analysis
10.5.1.2 Middle East Biphenyl Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.5.1.3 Middle East Biphenyl Market Estimates and Forecasts, by Product Type (2020-2032) (USD Billion)
10.5.1.4 Middle East Biphenyl Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.5.1.5 Middle East Biphenyl Market Estimates and Forecasts, by End-User Industry (2020-2032) (USD Billion)
10.5.1.6 UAE
10.5.1.6.1 UAE Biphenyl Market Estimates and Forecasts, by Product Type (2020-2032) (USD Billion)
10.5.1.6.2 UAE Biphenyl Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.5.1.6.3 UAE Biphenyl Market Estimates and Forecasts, by End-User Industry (2020-2032) (USD Billion)
10.5.1.7 Egypt
10.5.1.7.1 Egypt Biphenyl Market Estimates and Forecasts, by Product Type (2020-2032) (USD Billion)
10.5.1.7.2 Egypt Biphenyl Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.5.1.7.3 Egypt Biphenyl Market Estimates and Forecasts, by End-User Industry (2020-2032) (USD Billion)
10.5.1.8 Saudi Arabia
10.5.1.8.1 Saudi Arabia Biphenyl Market Estimates and Forecasts, by Product Type (2020-2032) (USD Billion)
10.5.1.8.2 Saudi Arabia Biphenyl Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.5.1.8.3 Saudi Arabia Biphenyl Market Estimates and Forecasts, by End-User Industry (2020-2032) (USD Billion)
10.5.1.9 Qatar
10.5.1.9.1 Qatar Biphenyl Market Estimates and Forecasts, by Product Type (2020-2032) (USD Billion)
10.5.1.9.2 Qatar Biphenyl Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.5.1.9.3 Qatar Biphenyl Market Estimates and Forecasts, by End-User Industry (2020-2032) (USD Billion)
10.5.1.10 Rest of Middle East
10.5.1.10.1 Rest of Middle East Biphenyl Market Estimates and Forecasts, by Product Type (2020-2032) (USD Billion)
10.5.1.10.2 Rest of Middle East Biphenyl Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.5.1.10.3 Rest of Middle East Biphenyl Market Estimates and Forecasts, by End-User Industry (2020-2032) (USD Billion)
10.5.2 Africa
10.5.2.1 Trends Analysis
10.5.2.2 Africa Biphenyl Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.5.2.3 Africa Biphenyl Market Estimates and Forecasts, by Product Type (2020-2032) (USD Billion)
10.5.2.4 Africa Biphenyl Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.5.2.5 Africa Biphenyl Market Estimates and Forecasts, by End-User Industry (2020-2032) (USD Billion)
10.5.2.6 South Africa
10.5.2.6.1 South Africa Biphenyl Market Estimates and Forecasts, by Product Type (2020-2032) (USD Billion)
10.5.2.6.2 South Africa Biphenyl Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.5.2.6.3 South Africa Biphenyl Market Estimates and Forecasts, by End-User Industry (2020-2032) (USD Billion)
10.5.2.7 Nigeria
10.5.2.7.1 Nigeria Biphenyl Market Estimates and Forecasts, by Product Type (2020-2032) (USD Billion)
10.5.2.7.2 Nigeria Biphenyl Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.5.2.7.3 Nigeria Biphenyl Market Estimates and Forecasts, by End-User Industry (2020-2032) (USD Billion)
10.5.2.8 Rest of Africa
10.5.2.8.1 Rest of Africa Biphenyl Market Estimates and Forecasts, by Product Type (2020-2032) (USD Billion)
10.5.2.8.2 Rest of Africa Biphenyl Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.5.2.8.3 Rest of Africa Biphenyl Market Estimates and Forecasts, by End-User Industry (2020-2032) (USD Billion)
10.6 Latin America
10.6.1 Trends Analysis
10.6.2 Latin America Biphenyl Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.6.3 Latin America Biphenyl Market Estimates and Forecasts, by Product Type (2020-2032) (USD Billion)
10.6.4 Latin America Biphenyl Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.6.5 Latin America Biphenyl Market Estimates and Forecasts, by End-User Industry (2020-2032) (USD Billion)
10.6.6 Brazil
10.6.6.1 Brazil Biphenyl Market Estimates and Forecasts, by Product Type (2020-2032) (USD Billion)
10.6.6.2 Brazil Biphenyl Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.6.6.3 Brazil Biphenyl Market Estimates and Forecasts, by End-User Industry (2020-2032) (USD Billion)
10.6.7 Argentina
10.6.7.1 Argentina Biphenyl Market Estimates and Forecasts, by Product Type (2020-2032) (USD Billion)
10.6.7.2 Argentina Biphenyl Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.6.7.3 Argentina Biphenyl Market Estimates and Forecasts, by End-User Industry (2020-2032) (USD Billion)
10.6.8 Colombia
10.6.8.1 Colombia Biphenyl Market Estimates and Forecasts, by Product Type (2020-2032) (USD Billion)
10.6.8.2 Colombia Biphenyl Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.6.8.3 Colombia Biphenyl Market Estimates and Forecasts, by End-User Industry (2020-2032) (USD Billion)
10.6.9 Rest of Latin America
10.6.9.1 Rest of Latin America Biphenyl Market Estimates and Forecasts, by Product Type (2020-2032) (USD Billion)
10.6.9.2 Rest of Latin America Biphenyl Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.6.9.3 Rest of Latin America Biphenyl Market Estimates and Forecasts, by End-User Industry (2020-2032) (USD Billion)
11. Company Profiles
11.1 Eastman Chemical Company
11.1.1 Company Overview
11.1.2 Financial
11.1.3 Products/ Services Offered
11.1.4 SWOT Analysis
11.2 BASF SE
11.2.1 Company Overview
11.2.2 Financial
11.2.3 Products/ Services Offered
11.2.4 SWOT Analysis
11.3 Dow Inc.
11.3.1 Company Overview
11.3.2 Financial
11.3.3 Products/ Services Offered
11.3.4 SWOT Analysis
11.4 Merck KGaA
11.4.1 Company Overview
11.4.2 Financial
11.4.3 Products/ Services Offered
11.4.4 SWOT Analysis
11.5 AkzoNobel N.V.
11.5.1 Company Overview
11.5.2 Financial
11.5.3 Products/ Services Offered
11.5.4 SWOT Analysis
11.6 FMC Corporation
11.6.1 Company Overview
11.6.2 Financial
11.6.3 Products/ Services Offered
11.6.4 SWOT Analysis
11.7 Huntsman Corporation
11.7.1 Company Overview
11.7.2 Financial
11.7.3 Products/ Services Offered
11.7.4 SWOT Analysis
11.8 Tokyo Chemical Industry Co., Ltd. (TCI)
11.8.1 Company Overview
11.8.2 Financial
11.8.3 Products/ Services Offered
11.8.4 SWOT Analysis
11.9 Wacker Chemie AG
11.9.1 Company Overview
11.9.2 Financial
11.9.3 Products/ Services Offered
11.9.4 SWOT Analysis
11.10 Solvay S.A.
11.10.1 Company Overview
11.10.2 Financial
11.10.3 Products/ Services Offered
11.10.4 SWOT Analysis
12. Use Cases and Best Practices
13. Conclusion
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
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Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.
Key Segments:
By Product Type
Pure Biphenyl
Biphenyl Derivatives
By Application
Chemical Intermediates
Heat Transfer Fluids
Agricultural Chemicals
Pharmaceuticals
Others
By End-User Industry
Chemical Industry
Agriculture
Pharmaceuticals
Food and Beverage
Textiles
Others
Request for Segment Customization as per your Business Requirement: Segment Customization Request
Regional Coverage:
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
Request for Country Level Research Report: Country Level Customization Request
Available Customization
With the given market data, SNS Insider offers customization as per the company’s specific needs. The following customization options are available for the report:
Product Analysis
Criss-Cross segment analysis (e.g. Product X Application)
Product Matrix which gives a detailed comparison of product portfolio of each company
Geographic Analysis
Additional countries in any of the regions
Company Information
Detailed analysis and profiling of additional market players (Up to five)
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