The Global Biphenyl Derivatives Market was valued at USD 899 Million in 2024 and is projected to reach USD 1,317 Million by 2032, growing at a Compound Annual Growth Rate (CAGR) of 5.7% during the forecast period (2024-2032). This expansion is driven by increasing demand across pharmaceuticals, electronics, energy storage, and thermal management applications where biphenyl compounds provide critical performance characteristics.

As industries seek specialized chemical solutions with enhanced thermal stability and electronic properties, manufacturers are innovating to meet evolving requirements. Here we examine the Top 10 Companies in the Biphenyl Derivatives Industry—the chemical innovators and commercial producers delivering high-performance solutions across multiple sectors.

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🔟 1. Dow Chemical Company

Headquarters: Midland, Michigan, USA
Key Offering: Diphenyl Ether, Terphenyl, Specialty PCBs

As a global leader in advanced materials, Dow maintains significant production capacity for biphenyl-based intermediates, serving electronics, energy, and industrial applications through its vertically integrated operations.

Key Differentiators:

• High-purity derivatives meeting semiconductor industry standards
• Closed-loop manufacturing processes for environmental compliance
• Strategic JVs with battery material producers

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9️⃣ 2. Eastman Chemical Company

Headquarters: Kingsport, Tennessee, USA
Key Offering: Diphenyl Oxide, Benzidine, Formulated Heat Transfer Fluids

Eastman’s expertise in thermal fluid applications has made it a preferred supplier for concentrated solar power plants and high-temperature industrial processes requiring stable heat transfer solutions.

Key Differentiators:

• Patented eutectic mixtures with superior thermal profiles
• Circular production technologies reducing waste

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8️⃣ 3. Jiangsu Zhongneng Chemical Technology

Headquarters: Jiangsu, China
Key Offering: Industrial-grade Biphenyl, Terphenyl Compounds

This Chinese producer has rapidly become the domestic market leader through continuous capacity expansions and competitive pricing, now expanding into Southeast Asian and African markets.

Key Differentiators:

• Complete backward integration into raw materials
• 1,200 metric ton/month production capacity

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7️⃣ 4. Lanxess AG

Headquarters: Cologne, Germany
Key Offering: High-Purity Biphenyl, Flame Retardant Derivatives

Lanxess serves European manufacturers with specialty formulations that exceed stringent EU REACH regulations while maintaining performance in demanding applications.

Key Differentiators:

• Halogen-free flame retardant solutions
• Customized formulations for automotive electronics

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Biphenyl Derivatives Market – View in Detailed Research Report

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6️⃣ 5. Relatherm (Eastman Subsidiary)

Headquarters: Burgwald, Germany
Key Offering: Biphenyl/Diphenyl Oxide Thermal Fluids

Since its acquisition by Eastman in 2022, Relatherm continues to lead in thermal management solutions for chemical processing and renewable energy applications with its engineered fluid systems.

Key Differentiators:

• Optimized thermal conductivity formulations
• Remote monitoring integration capabilities

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5️⃣ 6. Radco Industries

Headquarters: Blue Island, Illinois, USA
Key Offering: Custom PCB Replacements, Specialty Blends

Radco focuses on developing safer alternatives to traditional PCB applications while serving niche requirements of North American manufacturers through tailored solutions.

Key Differentiators:

• EPA-approved replacement chemistries
• Small-batch production for specialty applications

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4️⃣ 7. Fragol GmbH

Headquarters: Mülheim, Germany
Key Offering: Pharmaceutical-Grade Intermediates

Fragol’s cGMP-compliant manufacturing supplies European pharma companies with high-purity biphenyl derivatives for drug synthesis and formulation applications.

Key Differentiators:

• FDA-approved manufacturing facilities
• Nanofiltration purification technologies

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3️⃣ 8. Shexian Jindong Economic and Trade

Headquarters: Anhui, China
Key Offering: Cost-Competitive Industrial Derivatives

Through optimized production and regional distribution networks, this Chinese producer has become a favored supplier for price-sensitive manufacturers across Asia.

Key Differentiators:

• Tightly controlled production costs
• Rapid delivery across Asian markets

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2️⃣ 9. Nouryon (Akzo Nobel Specialty Chemicals)

Headquarters: Amsterdam, Netherlands
Key Offering: Performance Additives for Coatings

The former Akzo Nobel division develops biphenyl-based additives that enhance durability and performance in industrial coatings and adhesive formulations.

Key Differentiators:

• Bio-based additive development
• Reduced VOC formulations

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1️⃣ 10. Honshu Chemical Industry

Headquarters: Tokyo, Japan
Key Offering: Electronics-Grade Biphenyl Compounds

Japan’s leader in ultra-high purity chemicals supplies semiconductor and display manufacturers with precision formulations meeting stringent industry specifications.

Key Differentiators:

• Class 100 cleanroom production
• PPB-level purity standards

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🌍 Market Outlook: Expanding Applications Drive Evolution

The biphenyl derivatives sector is experiencing fundamental shifts as new applications emerge while traditional uses continue evolving. The market’s future will be shaped by both technological innovation and regulatory developments across key industries.

📈 Critical Industry Trends:

• Accelerating adoption in lithium-ion battery electrolytes
• Growing LCD panel production driving terphenyl demand
• Development of safer alternatives to brominated flame retardants
• Capacity expansions in China offsetting Western production declines
• Increasing REACH and TSCA compliance requirements

Get Full Report Here:
Biphenyl Derivatives Market – View in Detailed Research Report

These market leaders are not merely supplying chemicals – they’re enabling next-generation technologies through advanced biphenyl chemistry solutions.