Carcinogenic Chemical Alternatives Market
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. 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. 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.
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. 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.
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