Biphenyl Market by Source (Crude Oil, Coal Tar, Natural Gas), by Application (Dye Carrier, Food and Beverages, Chemical Intermediates, Pharmaceuticals Solvent, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031

According to CXOs of leading companies, the global biphenyl market is expected to exhibit high growth potential during the forecast period. Biphenyl is an excellent antimicrobial food preservative and antifungal agrochemical used to prevent growth of pathogens in citrus fruits and vegetables. Moreover, food packaging that requires excellent moisture resistance and reduction in product damage and food spoilage can be accomplished with the use of biphenyl.

In addition, biphenyl acts as an excellent dye carrier that assists disperse dyes to enter polyester polymer, which enhances the overall quality of fabric. This has led to increase in potential application of biphenyl in the textile sector. Furthermore, biphenyl is an aromatic compound that comprises benzene rings in it, owing to which it is widely used in producing wide range of biphenyl-based drugs such as losartan, flurbiprofen, tarenflurbil, and telmisartan that have been used rapidly to treat disorders including hypertension, diabetic nephropathy, osteoarthritis, rheumatoid arthritis,   Alzheimer’s disease, prostate cancer, and other chronic diseases. CXOs further added that sustained economic growth and development of the chemical manufacturing sector may increase popularity of biphenyl.