Hope and expectation surround the chemical industry's increasing adoption of biotechnological manufacturing - but today, their lengthy development times and complex processes mean frustration is a major byproduct.
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.
The bio-based products and renewable chemical industry in the United States is growing and offers significant economic benefits, including job creation in numerous sectors, according to the U.S. Department of Agriculture (USDA).