The Global Biphenyl Market was valued at USD 304.1 million in 2025 and is estimated to grow at a CAGR of 5.6% to reach USD 515.2 million by 2035.
Market growth is driven by the rising demand for biphenyl in the production of specialty chemicals. The pharmaceutical and agrochemical sectors increasingly rely on high-purity intermediates, making biphenyl a critical component in complex molecular formulations. Stricter regulatory requirements on chemical purity and performance are encouraging manufacturers to adopt biphenyl-based compounds for their stability and predictable results. Another significant driver is the expanding use of biphenyl as a heat transfer fluid and industrial solvent. Its excellent thermal stability and solubility make it ideal for high-performance industrial applications, particularly in the petrochemical and automotive sectors. Environmental and regulatory considerations also support biphenyl adoption, as its well-characterized safety profile and predictable behavior make it suitable for coatings, adhesives, plastics, and other regulated applications. Overall, the market is benefiting from a combination of industrial recovery, energy efficiency initiatives, and the need for reliable, compliant chemical solutions.
The crude oil-based biphenyl segment was valued at USD 120.2 million in 2025 and is expected to grow at a CAGR of 5.1% from 2026 to 2035. Its production continues to benefit from established petrochemical facilities that support a consistent industrial supply. Coal tar-derived biphenyl remains relevant where integrated coke-oven processes are in place, enabling by-product utilization and cost-effective production. Natural gas-based biphenyl is gaining attention as cleaner processing routes are explored, helping the industry reduce emissions while improving efficiency.
The heat transfer and energy application segment accounted for USD 90.5 million in 2025 and is expected to grow at a CAGR of 5.3% through 2035. Biphenyl’s functional properties support high-temperature operation, and its use in textiles, plastics processing, and regulated food and research applications contributes to steady market expansion.
North America Biphenyl Market was valued at USD 72.3 million in 2025. The region benefits from well-established chemical manufacturing networks, sustained investments in high-purity chemical production, and ongoing demand from pharmaceutical, specialty chemicals, and industrial energy sectors. Regulatory compliance and controlled industrial environments further support market stability and adoption.
Key companies active in the Global Biphenyl Market include Kishida Chemical Co., Ltd., Thermo Fisher Scientific, Eastman Chemical Company, Otto Chemie Pvt. Ltd., Ennore India Chemicals, and others. Market participants are strengthening their position by expanding high-purity biphenyl production capabilities, developing cleaner and more efficient synthesis processes, and diversifying feedstock sources to natural gas-based routes. Companies are also investing in R&D to enhance biphenyl applications in specialty chemicals, heat transfer media, and industrial solvents. Strategic partnerships with downstream chemical manufacturers and regional expansion initiatives help firms secure long-term contracts and global market share.
This product will be delivered within 2-4 business days.
Market growth is driven by the rising demand for biphenyl in the production of specialty chemicals. The pharmaceutical and agrochemical sectors increasingly rely on high-purity intermediates, making biphenyl a critical component in complex molecular formulations. Stricter regulatory requirements on chemical purity and performance are encouraging manufacturers to adopt biphenyl-based compounds for their stability and predictable results. Another significant driver is the expanding use of biphenyl as a heat transfer fluid and industrial solvent. Its excellent thermal stability and solubility make it ideal for high-performance industrial applications, particularly in the petrochemical and automotive sectors. Environmental and regulatory considerations also support biphenyl adoption, as its well-characterized safety profile and predictable behavior make it suitable for coatings, adhesives, plastics, and other regulated applications. Overall, the market is benefiting from a combination of industrial recovery, energy efficiency initiatives, and the need for reliable, compliant chemical solutions.
The crude oil-based biphenyl segment was valued at USD 120.2 million in 2025 and is expected to grow at a CAGR of 5.1% from 2026 to 2035. Its production continues to benefit from established petrochemical facilities that support a consistent industrial supply. Coal tar-derived biphenyl remains relevant where integrated coke-oven processes are in place, enabling by-product utilization and cost-effective production. Natural gas-based biphenyl is gaining attention as cleaner processing routes are explored, helping the industry reduce emissions while improving efficiency.
The heat transfer and energy application segment accounted for USD 90.5 million in 2025 and is expected to grow at a CAGR of 5.3% through 2035. Biphenyl’s functional properties support high-temperature operation, and its use in textiles, plastics processing, and regulated food and research applications contributes to steady market expansion.
North America Biphenyl Market was valued at USD 72.3 million in 2025. The region benefits from well-established chemical manufacturing networks, sustained investments in high-purity chemical production, and ongoing demand from pharmaceutical, specialty chemicals, and industrial energy sectors. Regulatory compliance and controlled industrial environments further support market stability and adoption.
Key companies active in the Global Biphenyl Market include Kishida Chemical Co., Ltd., Thermo Fisher Scientific, Eastman Chemical Company, Otto Chemie Pvt. Ltd., Ennore India Chemicals, and others. Market participants are strengthening their position by expanding high-purity biphenyl production capabilities, developing cleaner and more efficient synthesis processes, and diversifying feedstock sources to natural gas-based routes. Companies are also investing in R&D to enhance biphenyl applications in specialty chemicals, heat transfer media, and industrial solvents. Strategic partnerships with downstream chemical manufacturers and regional expansion initiatives help firms secure long-term contracts and global market share.
Comprehensive Market Analysis and Forecast
- Industry trends, key growth drivers, challenges, future opportunities, and regulatory landscape
- Competitive landscape with Porter’s Five Forces and PESTEL analysis
- Market size, segmentation, and regional forecasts
- In-depth company profiles, business strategies, financial insights, and SWOT analysis
This product will be delivered within 2-4 business days.
Table of Contents
Chapter 1 Methodology
Chapter 2 Executive Summary
Chapter 3 Industry Insights
Chapter 4 Competitive Landscape, 2025
Chapter 5 Market Estimates and Forecast, by Source, 2022-2035 (USD Million, Kilo Tons)
Chapter 6 Market Estimates and Forecast, by Grade, 2022-2035 (USD Million, Kilo Tons)
Chapter 7 Market Estimates and Forecast, by End Use Industry, 2022-2035 (USD Million, Kilo Tons)
Chapter 8 Market Estimates and Forecast, by Application, 2022-2035 (USD Million, Kilo Tons)
Chapter 9 Market Estimates and Forecast, by Region, 2022-2035 (USD Million, Kilo Tons)
Chapter 10 Company Profiles
Companies Mentioned
The companies profiled in this Biphenyl market report include:- Eastman Chemical Company
- Kanto Chemical Co., Inc.
- Kishida Chemical Co., Ltd.
- Ennore India Chemicals
- Matrix Scientific
- LGC Standards
- Taj Pharmaceuticals Ltd.
- Biosynth Carbosynth
- Otto Chemie Pvt. Ltd.
- Thermo Fisher Scientific
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 210 |
| Published | January 2026 |
| Forecast Period | 2025 - 2035 |
| Estimated Market Value ( USD | $ 304.1 Million |
| Forecasted Market Value ( USD | $ 515.2 Million |
| Compound Annual Growth Rate | 5.6% |
| Regions Covered | Global |
| No. of Companies Mentioned | 11 |
