A new report from the American Sustainable Business Council forecasts the significant growth potential and other financial benefits of safer chemicals. For example, the market for safer chemicals is estimated to have 24 times the growth of conventional chemicals market worldwide, from 2011 to 2020. And job growth in safer goods and services is well ahead of conventional chemical industry.
The report noted the significant market opportunity: “The global market for “green chemistry”—as defined by Pike Research to include biobased chemicals, renewable feedstocks, “green” polymers and less-toxic chemical formulations—has been projected to grow from $11 billion in 2015 to nearly $100 billion by 2020. The North American market for “green chemistry” is projected to grow from $3 billion to over $20 billion during the same period.”
Of particular interest to us was one of the report’s observations: “The potential for innovation may lie specialty chemicals, relatively niche chemical formulators and small businesses, which can serve the growing demand through their nature as test beds for problem-solving and their often mission-driven approach to product and service development.”
At Rivertop, we absolutely believe that companies like ours can play a leading role not just in creating new chemicals — but safer and more sustainable options that unlock new opportunities for our customers and partners. We believe, working together, we can blend innovation with the global reach of established players and make a bigger impact.