Executive Briefings

Demand for 'Green Chemistry' to Account for Largest Portion of Chemical Sales This Decade, Report Says

The market for so-called "safer chemistry" is set to outpace the overall global chemical market during the current decade. Companies are reducing their use and generation of hazardous substances, creating safer products and lowering the impact of processes on human health and the environment. The impetus comes from a combination of tightening regulations and demand from consumers for more sustainable products.

Demand for 'Green Chemistry' to Account for Largest Portion of Chemical Sales This Decade, Report Says

A recent report, conducted by Trucost for the American Sustainable Business Council and the Green Chemistry & Commerce Council, says the global market for "green chemistry" – defined to include bio-based chemicals, renewable feedstocks, polymers produced using more sustainable chemistry and less-toxic formulations – is projected to grow from $11bn in 2015 to nearly $100bn by 2020.

Although the report says investment in safer chemistry is "nascent and difficult to quantify," there are signs that it is growing. For example, the number of U.S. patents for more sustainable chemistry jumped from 27 in 2000–2004 to 761 in 2010–2014. This indicates increasing momentum and evolving industry capacity, the report said.

Read Full Article

A recent report, conducted by Trucost for the American Sustainable Business Council and the Green Chemistry & Commerce Council, says the global market for "green chemistry" – defined to include bio-based chemicals, renewable feedstocks, polymers produced using more sustainable chemistry and less-toxic formulations – is projected to grow from $11bn in 2015 to nearly $100bn by 2020.

Although the report says investment in safer chemistry is "nascent and difficult to quantify," there are signs that it is growing. For example, the number of U.S. patents for more sustainable chemistry jumped from 27 in 2000–2004 to 761 in 2010–2014. This indicates increasing momentum and evolving industry capacity, the report said.

Read Full Article

Demand for 'Green Chemistry' to Account for Largest Portion of Chemical Sales This Decade, Report Says