Carcinogenic Chemical Alternatives Market Overview
Cancer stands among the leading causes of ill health and mortality worldwide. According to ‘World Cancer Report, 2014’, published by the International Agency for Research on Cancer, nearly 8.2 million cancer related deaths occurred in 2012 and the number of new cases is expected to grow significantly over the next two decades.
Organizations such as International Labor Organization (ILO), United Nations Environment Program (UNEP) and World Health Organization (WHO) are making collaborative efforts to promote the use of substitute to carcinogenic chemicals. In light of these developments, the market for carcinogenic chemical alternatives is expected to gain high traction over the forecast period of 2016-2026.
Many chemicals are found to have carcinogenic effect on humans. Governments from across the world have directed to prohibit use of such chemicals and encourage using other non-toxic and alternative chemicals in the need of environmental and human safety.
Carcinogenic Chemical Alternatives Market: Drivers and Restraints
Various chemicals with carcinogenic effects are used as a vital ingredient in many industries such as construction, pharmaceuticals, cosmetics, kitchenware, batteries, cosmetics, etc., getting millions of workers exposed to these chemicals and putting their lives at risk.
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Development and use of carcinogenic chemical alternatives is expected to be in the public interest, meeting monetary and social goals of the community in a cost effective manner with high grade of safety. Many countries, including U.S., Japan, European Union Nations (EU), Australia, South Korea and New Zealand are working towards banning the use of carcinogenic chemicals.
With regulations coming strictly on-ground, industry players are working collaboratively to develop substitute of such chemicals so as not to hinder the usual growth of industries which use these chemicals during their manufacturing process.
Legal restrictions over these hazardous chemicals have proven to be the strongest drivers for the carcinogenic chemical alternatives market. However, lack of awareness, delay in proper law enforcement and techno-commercial feasibility are among the major challenges impeding growth of this market.
Carcinogenic Chemical Alternatives Market: Region wise outlook
Based on geography, the carcinogenic chemical alternatives market is segmented into seven key regions, namely North America, Latin America, Asia Pacific excluding Japan (APEJ), Western Europe, Eastern Europe, Japan and Middle-East and Africa (MEA). Among these, Asia-Pacific is expected to emerge as a high demand–high growth market for carcinogenic chemical alternatives over the forecast period.
However, owing to strict government regulations, demand from Europe and North America is expected to remain high throughout the forecast period.
Carcinogenic Chemical Alternatives Market: Segmentation
Based on their physiochemical characteristics and applications, some of the identified carcinogenic chemicals/ materials and their substitutes are listed below:
- Arsenic and its compounds
Applications: Herbicides, Fungicides, Pressure-treated woods and others.
Carcinogenic Chemical Alternative: Borates
- Asbestos
Applications: Constructions (floor tiles, roofing papers, etc.)
Carcinogenic Chemical Alternative: Polyurethane foams
- Benzene
Applications: Paints and rubber manufacture
Carcinogenic Chemical Alternative: Cyclohexane
- Beryllium
Applications: Aerospace industry
Carcinogenic Chemical Alternative: Carbon fiber composites
- Vinyl Chloride
Applications: Adhesives for plastics
Carcinogenic Chemical Alternative: High density polyethylene (HDPE)
- Nickel
Applications: Stainless steel by-products
Carcinogenic Chemical Alternative: Copper-tin based plating
- Formaldehyde
Applications: Pharmaceutical products
Carcinogenic Chemical Alternative: Salicylic acid
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Carcinogenic Chemical Alternatives Market: Key Players
Some of the key players reported in this study of the carcinogenic chemical alternatives market include Weihai Xiangyu Technology Co. Ltd., Shanghai Di Lang International Trade Co., Ltd., Robinson Manufacturing Company Co. Inc., American Excelsior, Inc., JELU-WERK J. Ehrler GmbH and Co. KG, Rempac Foam, LLC, ZOLTEK, Eagle Picher Technologies, LLC, HBL Power systems Limited, The Dow Chemical Company, Total SA, BASF SE, ExxonMobil Chemical Company, Abu Dhabi Polymers Ltd., Reliance Industries Ltd. and Wolseley Industrial Group.
The report covers exhaustive analysis on
- Market Segments
- Market Dynamics
- Market Size
- Market Supply & Demand
- Market Current Trends/Issues/Challenges
- Competition & Companies involved
- Manufacturing Technology
- Market Value Chain
Regional analysis includes
- North America (U.S., Canada)
- Latin America (Mexico. Brazil)
- Western Europe (Germany, Italy, France, U.K, Spain)
- Eastern Europe (Poland, Russia)
- APEJ (China, India, ASEAN, Australia & New Zealand)
- Japan
- Middle East and Africa (GCC, S. Africa, N. Africa)
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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