Report Detail
Global Isopropyl Biphenyl Heat Transfer Fluid Market 2026 by Manufacturers, Regions, Type and Application, Forecast to 2032
- RnM4730693 |
- 13 August, 2026 |
- Global |
- 80 Pages |
- GIR |
- Chemical & Material
According to our (Global Info Research) latest study, the global Isopropyl Biphenyl Heat Transfer Fluid market size was valued at US$ 119 million in 2025 and is forecast to a readjusted size of US$ 168 million by 2032 with a CAGR of 5.1% during review period.
In 2025, global sales volume of isopropyl biphenyl heat transfer fluid reached 32,000 metric tons, with an average price of $3,584 per metric ton.
Isopropyl biphenyl heat transfer oil is mainly composed of isopropyl biphenyl or its mixture. This type of compound has high thermal stability and excellent heat transfer performance. Its typical characteristics include high purity, low vapor pressure and good thermal stability within a specific temperature range (such as below 330°C). In addition, isopropyl biphenyl heat transfer oil also has excellent anti-coking performance, which can prevent the formation of solid particles and coke scale, thereby ensuring the reliable operation of the heat transfer oil system.
The raw material system for isopropyl biphenyl heat transfer fluid comprises four major categories: biphenyl core materials, isopropylation agents, catalysts and auxiliaries, and solvents/utilities. Regarding biphenyl core materials, industrial biphenyl is primarily obtained through the high-temperature thermal cracking and dehydrogenation of benzene (the tubular furnace method, where benzene vapor passes through red-hot pipes—causing two benzene molecules to each lose a hydrogen atom and bond into biphenyl—with an ideal conversion rate of only 8–12%) or via extraction from coal tar distillation. Chinese manufacturers predominantly employ the condensation-dehydrogenation process involving benzene vapor passing through red-hot furnace tubes; variations in heating methods among manufacturers lead to significant differences in energy and material consumption. This process simultaneously generates approximately 10% terphenyl as a by-product; terphenyl can be further hydrogenated to produce hydrogenated terphenyl (another major class of heat transfer fluid). Regarding isopropylation agents, the synthesis of isopropyl biphenyl utilizes propylene (C₃H₆) or isopropanol (IPA) to introduce the isopropyl group onto the biphenyl ring via a Friedel-Crafts alkylation reaction. As a bulk petrochemical product, propylene's price fluctuations directly impact production costs (ranging from approximately $800 to $1,500 per ton). Regarding catalysts, traditional processes utilized Lewis acid or Brønsted acid catalysts such as AlCl₃ (aluminum chloride) or H₂SO₄ (concentrated sulfuric acid); however, these generated large volumes of acidic wastewater and required acid-resistant equipment. Modern processes have shifted toward solid acid catalysts—such as Y-type molecular sieves and Beta zeolites—enabling cleaner production through catalytic reforming and alkylation. Regarding solvents and utilities, the reaction requires inert solvents (such as alkanes); fractional distillation necessitates substantial steam and electricity, while product purification requires multi-stage distillation columns to separate meta- and para-isomers.
In terms of cost structure, the production cost of isopropyl biphenyl heat transfer fluid is primarily composed of raw materials, energy and utilities, and manufacturing overheads. Raw material costs account for 50–65% of total costs. Within this category, biphenyl (or benzene feedstock) represents approximately 40–50% of raw material costs; isopropylation agents—such as propylene or isopropanol—account for 20–30%; and catalysts and auxiliaries make up 5–10%. Price fluctuations in benzene (approx. $600–1,200/tonne) and propylene (approx. $800–1,500/tonne) are primary cost drivers; significant volatility in benzene prices between 2020 and 2023 compelled producers to adopt multi-source procurement and index-linked pricing contracts to hedge against risk. Energy and utility costs account for approximately 15–25% of the total, covering requirements such as high-temperature heating (approx. 400–500°C) for benzene cracking/dehydrogenation, thermal energy for Friedel-Crafts alkylation, and steam consumption for fractional distillation; energy costs can vary by 20–30% between manufacturers depending on the heating method used (electric vs. gas-fired). Manufacturing overheads (equipment depreciation, labor, maintenance, and environmental treatment) account for approximately 15–20% of costs; environmental treatment expenses vary significantly based on the process—specifically, acidic wastewater treatment (associated with the traditional AlCl₃ process) versus solid catalyst regeneration (associated with the molecular sieve process). While the use of solid acid catalysts, such as Y-type molecular sieves, can drastically reduce wastewater treatment costs, the catalysts themselves are expensive and require periodic regeneration. Packaging, storage, and transportation costs account for 5–10%.
This report is a detailed and comprehensive analysis for global Isopropyl Biphenyl Heat Transfer Fluid market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.
Key Features:
Global Isopropyl Biphenyl Heat Transfer Fluid market size and forecasts, in consumption value ($ Million), sales quantity (Tons), and average selling prices (US$/Ton), 2021-2032
Global Isopropyl Biphenyl Heat Transfer Fluid market size and forecasts by region and country, in consumption value ($ Million), sales quantity (Tons), and average selling prices (US$/Ton), 2021-2032
Global Isopropyl Biphenyl Heat Transfer Fluid market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (Tons), and average selling prices (US$/Ton), 2021-2032
Global Isopropyl Biphenyl Heat Transfer Fluid market shares of main players, shipments in revenue ($ Million), sales quantity (Tons), and ASP (US$/Ton), 2021-2026
The Primary Objectives in This Report Are:
To determine the size of the total market opportunity of global and key countries
To assess the growth potential for Isopropyl Biphenyl Heat Transfer Fluid
To forecast future growth in each product and end-use market
To assess competitive factors affecting the marketplace
This report profiles key players in the global Isopropyl Biphenyl Heat Transfer Fluid market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Eastman (US), Rütgers GmbH (DE), Nippon Chemical (JP), Jiangsu Zhongneng (CN), Hebei Jindong Technology Group Co., Ltd. (CN), etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
Market Segmentation
Isopropyl Biphenyl Heat Transfer Fluid market is split by Type and by Application. For the period 2021-2032, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.
Market segment by Type
Gas Phase
Liquid Phase
Market segment by Isopropyl Substitution Positions
Ethyl Biphenyl (EBP)
Isopropyl Biphenyl
Market segment by Application
Oil and Gas
Chemical Industry
Pharmaceutical Industry
Food and Beverage Processing
Plastic and Rubber Manufacturing
Other
Major players covered
Eastman (US)
Rütgers GmbH (DE)
Nippon Chemical (JP)
Jiangsu Zhongneng (CN)
Hebei Jindong Technology Group Co., Ltd. (CN)
Market segment by region, regional analysis covers
North America (United States, Canada, and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Isopropyl Biphenyl Heat Transfer Fluid product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of Isopropyl Biphenyl Heat Transfer Fluid, with price, sales quantity, revenue, and global market share of Isopropyl Biphenyl Heat Transfer Fluid from 2021 to 2026.
Chapter 3, the Isopropyl Biphenyl Heat Transfer Fluid competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Isopropyl Biphenyl Heat Transfer Fluid breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2021 to 2032.
Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2021 to 2032.
Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2021 to 2026.and Isopropyl Biphenyl Heat Transfer Fluid market forecast, by regions, by Type, and by Application, with sales and revenue, from 2027 to 2032.
Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.
Chapter 13, the key raw materials and key suppliers, and industry chain of Isopropyl Biphenyl Heat Transfer Fluid.
Chapter 14 and 15, to describe Isopropyl Biphenyl Heat Transfer Fluid sales channel, distributors, customers, research findings and conclusion.
1 Market Overview
- 1.1 Product Overview and Scope
- 1.2 Market Estimation Caveats and Base Year
- 1.3 Market Analysis by Type
- 1.3.1 Overview: Global Isopropyl Biphenyl Heat Transfer Fluid Consumption Value by Type: 2021 Versus 2025 Versus 2032
- 1.3.2 Gas Phase
- 1.3.3 Liquid Phase
- 1.4 Market Analysis by Isopropyl Substitution Positions
- 1.4.1 Overview: Global Isopropyl Biphenyl Heat Transfer Fluid Consumption Value by Isopropyl Substitution Positions: 2021 Versus 2025 Versus 2032
- 1.4.2 Ethyl Biphenyl (EBP)
- 1.4.3 Isopropyl Biphenyl
- 1.5 Market Analysis by Application
- 1.5.1 Overview: Global Isopropyl Biphenyl Heat Transfer Fluid Consumption Value by Application: 2021 Versus 2025 Versus 2032
- 1.5.2 Oil and Gas
- 1.5.3 Chemical Industry
- 1.5.4 Pharmaceutical Industry
- 1.5.5 Food and Beverage Processing
- 1.5.6 Plastic and Rubber Manufacturing
- 1.5.7 Other
- 1.6 Global Isopropyl Biphenyl Heat Transfer Fluid Market Size & Forecast
- 1.6.1 Global Isopropyl Biphenyl Heat Transfer Fluid Consumption Value (2021 & 2025 & 2032)
- 1.6.2 Global Isopropyl Biphenyl Heat Transfer Fluid Sales Quantity (2021-2032)
- 1.6.3 Global Isopropyl Biphenyl Heat Transfer Fluid Average Price (2021-2032)
2 Manufacturers Profiles
- 2.1 Eastman (US)
- 2.1.1 Eastman (US) Details
- 2.1.2 Eastman (US) Major Business
- 2.1.3 Eastman (US) Isopropyl Biphenyl Heat Transfer Fluid Product and Services
- 2.1.4 Eastman (US) Isopropyl Biphenyl Heat Transfer Fluid Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
- 2.1.5 Eastman (US) Recent Developments/Updates
- 2.2 Rütgers GmbH (DE)
- 2.2.1 Rütgers GmbH (DE) Details
- 2.2.2 Rütgers GmbH (DE) Major Business
- 2.2.3 Rütgers GmbH (DE) Isopropyl Biphenyl Heat Transfer Fluid Product and Services
- 2.2.4 Rütgers GmbH (DE) Isopropyl Biphenyl Heat Transfer Fluid Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
- 2.2.5 Rütgers GmbH (DE) Recent Developments/Updates
- 2.3 Nippon Chemical (JP)
- 2.3.1 Nippon Chemical (JP) Details
- 2.3.2 Nippon Chemical (JP) Major Business
- 2.3.3 Nippon Chemical (JP) Isopropyl Biphenyl Heat Transfer Fluid Product and Services
- 2.3.4 Nippon Chemical (JP) Isopropyl Biphenyl Heat Transfer Fluid Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
- 2.3.5 Nippon Chemical (JP) Recent Developments/Updates
- 2.4 Jiangsu Zhongneng (CN)
- 2.4.1 Jiangsu Zhongneng (CN) Details
- 2.4.2 Jiangsu Zhongneng (CN) Major Business
- 2.4.3 Jiangsu Zhongneng (CN) Isopropyl Biphenyl Heat Transfer Fluid Product and Services
- 2.4.4 Jiangsu Zhongneng (CN) Isopropyl Biphenyl Heat Transfer Fluid Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
- 2.4.5 Jiangsu Zhongneng (CN) Recent Developments/Updates
- 2.5 Hebei Jindong Technology Group Co., Ltd. (CN)
- 2.5.1 Hebei Jindong Technology Group Co., Ltd. (CN) Details
- 2.5.2 Hebei Jindong Technology Group Co., Ltd. (CN) Major Business
- 2.5.3 Hebei Jindong Technology Group Co., Ltd. (CN) Isopropyl Biphenyl Heat Transfer Fluid Product and Services
- 2.5.4 Hebei Jindong Technology Group Co., Ltd. (CN) Isopropyl Biphenyl Heat Transfer Fluid Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
- 2.5.5 Hebei Jindong Technology Group Co., Ltd. (CN) Recent Developments/Updates
3 Competitive Environment: Isopropyl Biphenyl Heat Transfer Fluid by Manufacturer
- 3.1 Global Isopropyl Biphenyl Heat Transfer Fluid Sales Quantity by Manufacturer (2021-2026)
- 3.2 Global Isopropyl Biphenyl Heat Transfer Fluid Revenue by Manufacturer (2021-2026)
- 3.3 Global Isopropyl Biphenyl Heat Transfer Fluid Average Price by Manufacturer (2021-2026)
- 3.4 Market Share Analysis (2025)
- 3.4.1 Producer Shipments of Isopropyl Biphenyl Heat Transfer Fluid by Manufacturer Revenue ($MM) and Market Share (%): 2025
- 3.4.2 Top 3 Isopropyl Biphenyl Heat Transfer Fluid Manufacturer Market Share in 2025
- 3.4.3 Top 6 Isopropyl Biphenyl Heat Transfer Fluid Manufacturer Market Share in 2025
- 3.5 Isopropyl Biphenyl Heat Transfer Fluid Market: Overall Company Footprint Analysis
- 3.5.1 Isopropyl Biphenyl Heat Transfer Fluid Market: Region Footprint
- 3.5.2 Isopropyl Biphenyl Heat Transfer Fluid Market: Company Product Type Footprint
- 3.5.3 Isopropyl Biphenyl Heat Transfer Fluid Market: Company Product Application Footprint
- 3.6 New Market Entrants and Barriers to Market Entry
- 3.7 Mergers, Acquisition, Agreements, and Collaborations
4 Consumption Analysis by Region
- 4.1 Global Isopropyl Biphenyl Heat Transfer Fluid Market Size by Region
- 4.1.1 Global Isopropyl Biphenyl Heat Transfer Fluid Sales Quantity by Region (2021-2032)
- 4.1.2 Global Isopropyl Biphenyl Heat Transfer Fluid Consumption Value by Region (2021-2032)
- 4.1.3 Global Isopropyl Biphenyl Heat Transfer Fluid Average Price by Region (2021-2032)
- 4.2 North America Isopropyl Biphenyl Heat Transfer Fluid Consumption Value (2021-2032)
- 4.3 Europe Isopropyl Biphenyl Heat Transfer Fluid Consumption Value (2021-2032)
- 4.4 Asia-Pacific Isopropyl Biphenyl Heat Transfer Fluid Consumption Value (2021-2032)
- 4.5 South America Isopropyl Biphenyl Heat Transfer Fluid Consumption Value (2021-2032)
- 4.6 Middle East & Africa Isopropyl Biphenyl Heat Transfer Fluid Consumption Value (2021-2032)
5 Market Segment by Type
- 5.1 Global Isopropyl Biphenyl Heat Transfer Fluid Sales Quantity by Type (2021-2032)
- 5.2 Global Isopropyl Biphenyl Heat Transfer Fluid Consumption Value by Type (2021-2032)
- 5.3 Global Isopropyl Biphenyl Heat Transfer Fluid Average Price by Type (2021-2032)
6 Market Segment by Application
- 6.1 Global Isopropyl Biphenyl Heat Transfer Fluid Sales Quantity by Application (2021-2032)
- 6.2 Global Isopropyl Biphenyl Heat Transfer Fluid Consumption Value by Application (2021-2032)
- 6.3 Global Isopropyl Biphenyl Heat Transfer Fluid Average Price by Application (2021-2032)
7 North America
- 7.1 North America Isopropyl Biphenyl Heat Transfer Fluid Sales Quantity by Type (2021-2032)
- 7.2 North America Isopropyl Biphenyl Heat Transfer Fluid Sales Quantity by Application (2021-2032)
- 7.3 North America Isopropyl Biphenyl Heat Transfer Fluid Market Size by Country
- 7.3.1 North America Isopropyl Biphenyl Heat Transfer Fluid Sales Quantity by Country (2021-2032)
- 7.3.2 North America Isopropyl Biphenyl Heat Transfer Fluid Consumption Value by Country (2021-2032)
- 7.3.3 United States Market Size and Forecast (2021-2032)
- 7.3.4 Canada Market Size and Forecast (2021-2032)
- 7.3.5 Mexico Market Size and Forecast (2021-2032)
8 Europe
- 8.1 Europe Isopropyl Biphenyl Heat Transfer Fluid Sales Quantity by Type (2021-2032)
- 8.2 Europe Isopropyl Biphenyl Heat Transfer Fluid Sales Quantity by Application (2021-2032)
- 8.3 Europe Isopropyl Biphenyl Heat Transfer Fluid Market Size by Country
- 8.3.1 Europe Isopropyl Biphenyl Heat Transfer Fluid Sales Quantity by Country (2021-2032)
- 8.3.2 Europe Isopropyl Biphenyl Heat Transfer Fluid Consumption Value by Country (2021-2032)
- 8.3.3 Germany Market Size and Forecast (2021-2032)
- 8.3.4 France Market Size and Forecast (2021-2032)
- 8.3.5 United Kingdom Market Size and Forecast (2021-2032)
- 8.3.6 Russia Market Size and Forecast (2021-2032)
- 8.3.7 Italy Market Size and Forecast (2021-2032)
9 Asia-Pacific
- 9.1 Asia-Pacific Isopropyl Biphenyl Heat Transfer Fluid Sales Quantity by Type (2021-2032)
- 9.2 Asia-Pacific Isopropyl Biphenyl Heat Transfer Fluid Sales Quantity by Application (2021-2032)
- 9.3 Asia-Pacific Isopropyl Biphenyl Heat Transfer Fluid Market Size by Region
- 9.3.1 Asia-Pacific Isopropyl Biphenyl Heat Transfer Fluid Sales Quantity by Region (2021-2032)
- 9.3.2 Asia-Pacific Isopropyl Biphenyl Heat Transfer Fluid Consumption Value by Region (2021-2032)
- 9.3.3 China Market Size and Forecast (2021-2032)
- 9.3.4 Japan Market Size and Forecast (2021-2032)
- 9.3.5 South Korea Market Size and Forecast (2021-2032)
- 9.3.6 India Market Size and Forecast (2021-2032)
- 9.3.7 Southeast Asia Market Size and Forecast (2021-2032)
- 9.3.8 Australia Market Size and Forecast (2021-2032)
10 South America
- 10.1 South America Isopropyl Biphenyl Heat Transfer Fluid Sales Quantity by Type (2021-2032)
- 10.2 South America Isopropyl Biphenyl Heat Transfer Fluid Sales Quantity by Application (2021-2032)
- 10.3 South America Isopropyl Biphenyl Heat Transfer Fluid Market Size by Country
- 10.3.1 South America Isopropyl Biphenyl Heat Transfer Fluid Sales Quantity by Country (2021-2032)
- 10.3.2 South America Isopropyl Biphenyl Heat Transfer Fluid Consumption Value by Country (2021-2032)
- 10.3.3 Brazil Market Size and Forecast (2021-2032)
- 10.3.4 Argentina Market Size and Forecast (2021-2032)
11 Middle East & Africa
- 11.1 Middle East & Africa Isopropyl Biphenyl Heat Transfer Fluid Sales Quantity by Type (2021-2032)
- 11.2 Middle East & Africa Isopropyl Biphenyl Heat Transfer Fluid Sales Quantity by Application (2021-2032)
- 11.3 Middle East & Africa Isopropyl Biphenyl Heat Transfer Fluid Market Size by Country
- 11.3.1 Middle East & Africa Isopropyl Biphenyl Heat Transfer Fluid Sales Quantity by Country (2021-2032)
- 11.3.2 Middle East & Africa Isopropyl Biphenyl Heat Transfer Fluid Consumption Value by Country (2021-2032)
- 11.3.3 Turkey Market Size and Forecast (2021-2032)
- 11.3.4 Egypt Market Size and Forecast (2021-2032)
- 11.3.5 Saudi Arabia Market Size and Forecast (2021-2032)
- 11.3.6 South Africa Market Size and Forecast (2021-2032)
12 Market Dynamics
- 12.1 Isopropyl Biphenyl Heat Transfer Fluid Market Drivers
- 12.2 Isopropyl Biphenyl Heat Transfer Fluid Market Restraints
- 12.3 Isopropyl Biphenyl Heat Transfer Fluid Trends Analysis
- 12.4 Porters Five Forces Analysis
- 12.4.1 Threat of New Entrants
- 12.4.2 Bargaining Power of Suppliers
- 12.4.3 Bargaining Power of Buyers
- 12.4.4 Threat of Substitutes
- 12.4.5 Competitive Rivalry
13 Raw Material and Industry Chain
- 13.1 Raw Material of Isopropyl Biphenyl Heat Transfer Fluid and Key Manufacturers
- 13.2 Manufacturing Costs Percentage of Isopropyl Biphenyl Heat Transfer Fluid
- 13.3 Isopropyl Biphenyl Heat Transfer Fluid Production Process
- 13.4 Industry Value Chain Analysis
14 Shipments by Distribution Channel
- 14.1 Sales Channel
- 14.1.1 Direct to End-User
- 14.1.2 Distributors
- 14.2 Isopropyl Biphenyl Heat Transfer Fluid Typical Distributors
- 14.3 Isopropyl Biphenyl Heat Transfer Fluid Typical Customers
15 Research Findings and Conclusion
16 Appendix
- 16.1 Methodology
- 16.2 Research Process and Data Source
Summary:
Get latest Market Research Reports on Isopropyl Biphenyl Heat Transfer Fluid. Industry analysis & Market Report on Isopropyl Biphenyl Heat Transfer Fluid is a syndicated market report, published as Global Isopropyl Biphenyl Heat Transfer Fluid Market 2026 by Manufacturers, Regions, Type and Application, Forecast to 2032. It is complete Research Study and Industry Analysis of Isopropyl Biphenyl Heat Transfer Fluid market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.
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