Green Chemistry:Bio-based Chemicals, Renewable Feedstocks, Green Polymers, Less-toxic Alternative Chemical Formulations, and the Foundations of a Sustainable Chemical Industry

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Abstract:Green chemistry encompasses a broad area of endeavor. It is not covered by a narrow definition and does not offer a "silver bullet" type solution because it is essentially a reaction to a complex variety of issues. Ranging from dangerous and wasteful production processes and a heavy reliance on increasingly expensive petroleum to the persistence in the environment of toxic substances with far-reaching (and increasingly well-understood) effects on human and animal health, these problems call for equally diverse solutions. Green chemistry is the expansive discipline that is evolving in response to this wide array of challenges and represents a market opportunity that Pike Research forecasts will grow to approximately $100 billion in 2020. The Green Chemicals markets are currently nascent, with many technologies still at laboratory or pilot scale, while many production-scale Green Chemical plants are not expected to be running at full capacity for several more years. However, most Green Chemicals companies are targeted at large, existing chemical markets, so adoption of these products is limited less by market development issues than by the ability to feed extant markets at required levels of cost and performance. This Pike Research report examines the three major segments of the Green Chemical market: waste minimization in conventional synthetic chemical processes, green replacements for conventional chemical products, and the use of renewable feedstocks to produce chemicals and materials with smaller environmental footprints than those produced by current processes. Representative companies from each segment are profiled and global forecasts, segmented by world region, extend through 2020.


Source: Pike Research/Industrial Biotechnology

Resource Type: Article/report

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