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Transitioning the Chemical Industry: The Case for Addressing the Climate, Toxics, and Plastics Crises.
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- Abstract:
Hundreds of new specialty chemical manufacturers have entered the industry in past decades, and more are expected due to the growth of biotech and digital technologies.[35] The chemical industry has increasingly become a global industry. Current chemical industry strategies to address the climate and plastics crises focus primarily on feedstock substitution and improved recycling, without fundamentally changing the production model or chemical products created by the industry. Chemical Segments in the Global Value Chain The global chemical industry is one of the world's largest manufacturing industries, representing US$4 trillion of sales in 2019.[17] Its products are categorized as basic (bulk or commodity), specialty, agricultural, pharmaceutical, and consumer chemicals. [Extracted from the article]
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