4, 4-Biphenol is an organic composite, which is a phenolic derivative of biphenyl. It is available in the form of white flaky crystals or crystalline powder. It serves as a key precursor in the manufacture of alkoxy-substituted biphenyl liquid crystals. Additionally, 4, 4-biphenol is an intermediate used in the production of thermoplastics such as polyesters, liquid crystalline polymers (LCPs), polysulfones, and polycarbonates.
4, 4-Biphenol is harmful when it comes in contact with the eyes, the skin, and the respiratory system. It is cytotoxic and estrogenic in nature. On decomposition, it forms harmful gases such as carbon dioxide and carbon monoxide. Biphenol is an intermediate employed in the production of liquid crystalline polymers (LCPs) that are utilized in high-temperature engineering plastics. Owing to their excellent heat resistance, LCPs can be utilized as urethane-modified monomers, polyesters, polycarbonates, epoxy resins, and polysulfones, which are used in the production of composite materials and engineering plastics.
Key Drivers of Global 4, 4-Biphenol Market
Increasing adoption of 4, 4-biphenol as a stabilizer and dyestuff intermediate as well as a raw material for the manufacture of resins such as polyepoxides, polyesters, polycarbonates, and polyurethanes is a major factor expected to drive the global 4, 4-biphenol market during the forecast period. Rising adoption of 4, 4-biphenol as a raw material for the manufacture of high-temperature-resistant resins is another major factor projected to drive the global 4, 4-biphenol market during the forecast period.
4, 4-Biphenol is largely employed in the production of liquid crystalline polymers (LCPs), owing to its unique properties such as high resistance to heat, chemicals, and electricity. Unlike other polymers, such as nylon or ABS, LCPs offers a high degree of anisotropy in liquid and solid crystal phases. The most commonly used LCPs are copolyamides, PET copolyesters, and polyester amides. This is another factor projected to drive the global 4, 4-biphenol market in the near future.
4, 4-Biphenol is significantly employed in the production of thermoplastics such as polyesters, polysulfones, and polycarbonates. This is another factor expected to boost the demand for 4, 4-biphenol during the forecast period.
Rise in the demand for 4, 4-biphenol for use in various industrial applications led by its superior physical properties is another factor estimated to propel the global 4, 4-biphenol market during the forecast period
Significant Opportunity in Liquid Crystalline Polymers (LCPs) Segment
Based on purity, the global 4, 4-biphenol market can be segmented into purity 99% and purity < 99%. The purity 99% segment is projected to hold a significant share of the global market during the forecast period, in terms of revenue, owing to rise in the demand for 4, 4-biphenol from applications such as liquid crystalline polymers (LCPs), polycarbonates, and polyesters.
Based on application, the global 4, 4-biphenol market can be divided into liquid crystalline polymers (LCPs), polyesters, polycarbonates, and polysulfones. The liquid crystalline polymers (LCPs) segment is projected to hold a major share of the global market during the forecast period, in terms of revenue.
North America to be a Major Market for 4, 4-Biphenol
In terms of region, the global 4, 4-biphenol market can be segregated into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
In terms of revenue, North America is expected to account for a major share of the global 4, 4-biphenol market from 2019 to 2027. Demand for 4, 4-biphenol is increasing rapidly in the thermoplastics industry in North America. This is attributable to excellent heat resistance of 4, 4-biphenol and its use as a polyester, polycarbonate, urethane modified monomer, polysulfone, and epoxy resin in the production of composite materials and engineering plastics in the region.
The global 4, 4-biphenol market was highly fragmented in 2018. Moreover, rapid growth of composite materials and engineering plastics industries is expected to drive the global market during the forecast period.
Moreover, several major players are engaged in research and development activities in order to expand their product portfolios