Biphenyls:
Introduction
·
Biphenyl is primarily used as a fungicide for citrus crops. It
plays an important role as an antimicrobial food preservative and antifungal
agrochemical. Biphenyls are important structural analogs, which are used
significantly in synthesis of various compounds. Earlier, biphenyl derivatives
were widely used as pesticides in the form of polychlorinated biphenyls.
·
Biphenyl appears as a clear colorless liquid with pleasant odor.
It is insoluble in water.
Key
Drivers of Biphenyls Market
·
Biphenyl is widely used as food preservative and flavoring
agent. It is found in several fruits and vegetables such as wine grapes,
carrots, peas, bell peppers, tomatoes, milk, smoked fatty fish, cocoa, roasted
peanuts, buckwheat, and tamarind. Generally, fruit packaging is impregnated
with biphenyl, which evaporates into the air space surrounding the fruit. Some
biphenyl is absorbed by the fruit skin.
·
Biphenyl is also widely used in formation of synthetic
intermediates for synthesis of hetero aromatic and polycyclic aromatic
compounds, as it possesses a wide range of properties. This is expected to
drive the global
biphenyls market during the forecast period.
Agrochemicals
Application Segment to Offer Lucrative Opportunities
·
In terms of volume, the agrochemicals application segment
accounted for major share of the global biphenyls market in 2019. Biphenyl is
used in the agricultural sector as active ingredient for controlling plant
pests. It has very useful curative, preventive, and systemic properties. It is
used to protect numerous cultivated plants. The compounds of biphenyl can be
used to inhibit or destroy pests that occur on plants or parts of plants of
different crops, while at the same time protecting parts of the plants that
grow later
·
Biphenyl is also employed in organic syntheses,
heat transfer fluids, dye carriers, food preservatives, and as intermediate for
polychlorinated biphenyls
Volatility in Raw Material Prices to Hamper Market
·
Biphenyl is a benzenoid aromatic compound, which occurs
naturally in coal tar, crude oil, and natural gas. However, currently, the
prices of these materials vary, due to the global coronavirus pandemic crisis.
This is hampering the global biphenyls market.
·
Prices of biphenyl have been increasing since the last few
years. They are estimated to rise further during the forecast period. Thus,
volatility in raw material prices is likely to restrain the biphenyls market.
·
Butyraldehyde is also used as a pesticide and crop protection
chemical. However, it poses health hazard as well as environmental threats
through direct contact. This is projected to hamper the market during the
forecast period.
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Covid-19 Impact on Biphenyls Market
·
The COVID-19 pandemic has impacted a large number of countries
across the globe. Various measures introduced to deal with the pandemic, such
as lockdowns, decrease in trade activities, and shutdown of various factories
and workplaces in several countries, could save lives; however, these measures
are having wide-ranging economic effects and inducing economic contagion. Along
with the risk of slowdown of global growth, the effects of COVID-19 are
adversely affecting various sectors in economies across the globe.
·
The chemicals industry is also likely to feel the impact of the
coronavirus pandemic. The chemical sector’s supply chain has historically been
strongly dependent on China, which has been significantly impacted by the
COVID-19 pandemic. Logistics in China was also a matter of concern during the pandemic,
as it significantly affected the sales of chemical production companies.
·
In April 2020, the prices of crude oil suffered the biggest
decline since the start of the Gulf War in 1991. This collapse caused a major
shift in chemical feedstock prices and the global competitive order. The U.S.,
losing its cost advantage from shale gas, and the Middle East have been
negatively impacted. Thus, the impact of the Covid-19 pandemic is estimated to
be high on the biphenyls market in 2020 and 2021.
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Asia Pacific to Hold Significant Share of Global Biphenyls
Market
·
Based on region, the global biphenyls market can be split into
North America, Europe, Asia Pacific, Latin America, and Middle East &
Africa
·
Asia Pacific is estimated to constitute major share of the
market, owing to the presence of a number of agrochemicals manufacturing
companies in the region. China is expected to account for prominent share of
the biphenyls market in the region, due to the presence of large number of
chemical companies in the country.
·
The market in North America is projected to expand at a rapid
pace during the forecast period, due to increase in the production of specialty
chemicals across the region
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Prominent Players in Market
Key
players operating in the global biphenyls market include:
·
Springchem New Material Technology
·
Henan DaKen Chemical
·
Henan Tianfu Chemical
·
Mainchem
·
ATK CHEMICAL COMPANY LIMITED
·
AB PharmaTech
·
Beijing Green Guardee Technology
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