Introduction
The biphenyl market is witnessing steady growth and is likely to grow at a CAGR of 7.5% during the forecast period of 2021–2026, according to Stratview Research. Biphenyl, an organic compound with excellent thermal stability and antimicrobial properties, is widely used in heat transfer fluids, preservatives, and as a chemical intermediate for producing various derivatives. Its versatility and chemical stability make it a key material across several end-use industries.

Key Drivers

• Rising demand for reliable preservatives in the agricultural sector to extend shelf life of fruits and vegetables
• Growing industrialization and expansion of chemical manufacturing activities worldwide
• Increasing adoption of biphenyl in high-performance heat transfer fluids for industrial applications
• Its role as a chemical intermediate in specialty chemicals, dyes, and pharmaceuticals
• Regulatory emphasis on safe and effective preservation methods in agriculture and food storage

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Applications
Biphenyl is extensively used in heat transfer fluids due to its high thermal stability. It is also applied as a fungicide and preservative in citrus fruits and other agricultural products. Additionally, biphenyl serves as a precursor in the production of dyes, pharmaceuticals, and other organic chemicals, highlighting its importance as an industrial intermediate.

Future Opportunities
Opportunities exist in emerging economies with expanding chemical and agricultural industries. Development of eco-friendly and sustainable biphenyl derivatives for pharmaceuticals, organic chemicals, and specialty materials is expected to drive growth. Increasing demand for efficient heat transfer fluids and preservation solutions in industrial and agricultural sectors also presents significant potential.

Conclusion
With its wide-ranging applications, chemical stability, and industrial relevance, the biphenyl market is poised for sustained growth. Manufacturers focusing on innovation, sustainable derivatives, and expanding end-use applications are well-positioned to capitalize on the increasing global demand across multiple sectors.