Majority of the chemical industry will offer sustainable versions of chemicals, according to recent survey

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10th January 2018 15:38 - Chemicals

Majority of the chemical industry will offer sustainable versions of chemicals, according to recent survey

Majority of the chemical industry will offer sustainable versions of chemicals, according to recent survey: In response to a consumer demand for sustainable chemicals, producers, distributors and users are becoming more conscious of the future development of chemicals.

From fashion and FMCG products to electric vehicles, shoppers are becoming wary of their own consumer habits and with the ‘planet protection’ trend taking effect this year, manufacturers and marketers will have to respond quickly to consumer demands. However, results from a recent survey have shown that 71 percent of chemical producers, users and distributors believe that renewable-based chemicals will be popular within the next five years, as opposed to 29 percent who don’t.

In addition, chemical producers have reported that 65 percent of their customers are interested in sustainably produced chemicals, with 63 percent reporting a higher level of interest than three years ago.

Currently, 42 percent of producers and 31 percent of users/distributors admitted that they are offering more sustainable versions of the chemicals they produce. Although, 21 percent of producers and 11 percent of users/distributors have no interest to follow suit.

In an attempt to address sustainability issues in the mainstream chemical industry, the respondents plan to offer more sustainable versions of the chemicals they produce within the following time frames: 

Producers

·       16% said within the next year

·       21% said within the next 2-3 years

Users/Distributors

·       19% said within the next year

·       39% said within the next 2-3 years

Respondents were also asked to list who they thought were the ‘technology leaders for sustainable chemicals’, the top three of which were: Genomatica, Novozymes and BASF.

Commenting on the survey’s results, CEO of Genomatica, Christophe Schilling, said: “This survey provides hard data to confirm the transition toward greater sustainability in the mainstream chemical industry.”

He adds:“Chemical producers and downstream firms are increasingly seeing that biotech can deliver, with commercial-scale plants and solid economics. We will continue to push out innovations and deliver technologies to make this transition even more advantageous.”   

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