Biphenyl prices closely follow the price trends of its feedstock benzene. Throughout the first two quarters of 2023, prices exhibited a mixed pattern due to fluctuating supply-demand dynamics. Upstream costs rose with high crude oil and energy prices, while sluggish downstream demand exerted downward pressure. In the first quarter, disrupted supply chains and port congestion caused shortages and price increase. Although supplies were restored in the second quarter, weak demand led to depreciation trends.
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Definition
Biphenyl is an organic aromatic compound composed of two benzene rings connected by a single bond. It belongs to the class of polycyclic aromatic hydrocarbons (PAHs). This colorless crystalline solid has a distinct sweet odor and is insoluble in water but soluble in organic solvents. Biphenyl serves as an essential feedstock in various chemical and industrial processes, including the production of polychlorinated biphenyls (PCBs), pesticides, and flame retardants. It also finds application in the manufacture of heat transfer fluids, as a heat exchange medium, and as a precursor in the synthesis of pharmaceuticals and dyes.
Key Details About the Biphenyl Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on Biphenyl in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as Excel files that can be used offline.
The Biphenyl Price Trends, including India Biphenyl price, USA Biphenyl price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting the Biphenyl Price Trend:
Biphenyl has several industrial applications due to its unique properties. It is used as a heat transfer fluid in various industrial processes, such as in heat exchangers and transformers, thanks to its high thermal stability and low vapor pressure. Biphenyl is also a key ingredient in the production of polychlorinated biphenyls (PCBs), which were previously used as electrical insulators and coolants. Additionally, it finds use as a precursor in the synthesis of pharmaceuticals, dyes, and other chemicals. Its versatility and stability make it valuable in multiple industries, including electrical, chemical, and pharmaceutical sectors.
Key Players:
- Acros Organics
- Alpha Chemika
- Sisco Research Laboratories Pvt. Ltd
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