The United States is dipping its toe into the "green chemistry" trend, but where does the world stand? Will the world suffer or benefit from chemical products of the future in our manufacturing of vehicles, electronics, even food and drinks? Because rapidly rising economies such as China and India are entering the manufacturing marketplace, their chemical proficiency becomes a global issue because winds carry toxins to neighboring regions, waters carry toxins, and lands harbor toxins -- known and yet to be discovered and evaluated -- for centuries.
Globalization Trends
Globalization is one of the most important megatrends currently affecting society. Its impact on the chemical industry is far-reaching, being both a source of opportunity but also a driver for change in the industry itself.
Globalization can create growth opportunities
for many chemical companies, who are actively looking for ways to enter
into the higher-growth regional markets of the world. Meanwhile, India
is forecast to become a low cost manufacturing hub for passenger
vehicles in the coming years, and trends such as this will have a major
impact on where materials need to be supplied to in the future.
Urbanization Trends
And
alongside globalization, the related trend of urbanization is also
creating its own set of opportunities for chemical companies.
Consumer awareness and action will grow as chemicals accumulate in our environment, our food supply and our water supply. Solutions are needed... BEFORE problems are created. Regulation of chemical products is a new challenge that we must face, as difficult as it is to understand the technical language used to obfuscate understanding of what's in our products, and the waste stream affected by un-tested product ingredients.
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