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    Categories: Chemicals and materials

Biphenyl Market | Global Industry Size, Share & Forecast Analysis 2027

With the healthy expansion of home textile exports despite disruptions caused by the COVID-19 pandemic, the deployment of biphenyl compounds is likely to witness a significant rise, especially in developing economies. Biphenyl is gaining massive ground as one of the thermally stable organic compounds and as an intermediate in the production of particulates like dye carriers for the textile industry.

Sectors related to agriculture, including food service and manufacturing, are among the major contributors to economic expansion in regions like the U.S. According to the U.S. Department of Agriculture, Americans’ spending on foods amounts to approximately 12% of the average household budget, which could assert a positive influence on biphenyl uses as an antimicrobial food preservative and other applications. The worldwide expansion of the biphenyl market is also a result of the increasing application scope of the compound in industrial sectors, such as healthcare, food and beverage, and personal care, among others.

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Given below are noteworthy factors encouraging the use of biphenyl to the maximum benefits across these three industry verticals:

  • Extensive drug marketing and sales amid COVID-19

The coronavirus pandemic has emerged as a major threat to business operations, posing numerous challenges to the supply chain of essentials. The healthcare sector, however, is observing a major upsurge, particularly due to the thriving pharma business landscape. Multiple drug manufacturers are making considerable marketing and sales expenses worldwide. According to AHIP analysis, for example, U.S.-based Abbvie invested around $11 billion in marketing and sales of drugs in 2020, which could amplify biphenyl deployment for heat transfer fluids used in pharma manufacturing.

Apart from drug manufacturing, there has been an increase in recognition of biphenyl or limonene for their health benefits like weight loss promotion. The compound is also capable of blocking cancer-forming chemicals and damaging cancer cells in the laboratory. Research studies also revealed the effectiveness of biphenyl dimethyl dicarboxylate and ursodeoxycholic acid in reducing alanine transaminase in chronic liver disease that is related to metabolic syndrome. These ever-increasing health benefits of the compound are adding impetus to biphenyl industry development over the coming years.

  • Growing non-alcoholic beverage consumption in Australia

Compounds like D-limonene are widely used as a flavoring agent in a variety of food items. In regions like Australia, the non-alcoholic beverage segment has begun to emerge as one of the fastest-growing categories. At Australia-based Endeavor Group, for example, the sales of non-alcoholic drinks doubled in just 12 months. Factors such as these will likely encourage drinks manufacturers to use biphenyl compound as a flavoring agent in such beverages.

The bakery industry in developing nations like India is among the largest food processing segments, largely driven by the thriving biscuits and cookies industry. The pandemic has also led to the rise in consumption of functional and healthy bakery products, thus proliferating biphenyl demand for food and beverage applications.

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  • Mounting personal care product sales through e-Commerce

To effectively mitigate the coronavirus spread, the rate of cleaning product usage and the frequency of cleaning are rising exponentially worldwide. These factors are providing a boost to the global sales of cleaning products like soaps and detergents. Since biphenyl can be deployed to impart lemon scent to various personal care products, the strong focus on personal hygiene during the pandemic may consequently support the biphenyl business expansion.

Furthermore, there has been a growing shift of consumer buying interest from offline to online sales channels amid the pandemic. The e-Commerce sales are continuing to buck the reduced spending on beauty and grooming products as well. Such emerging trends in the beauty and personal care sectors will enable the biphenyl market to grow appreciably over the foreseeable future.

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