ORGANIC CHEMICALS MARKET ANALYSIS

Market Challenges And Opportunities

Organic chemicals Market Challenges – Stringent Environmental Regulations

Rising awareness regarding harmful health & environmental effects associated with manufacturing and use of organic compounds is expected to be one of the key challenges for the end user industry. For instance, on December 23, 2010, the Ministry of Environment and Forest (MoEF) of India implemented water (prevention and pollution control) act 1974 and air pollution act 1981. The law enforces strict regulation for production, use, import, and export of various hazardous chemicals such as phthalates, benzothiazole, among others. Treatment of hazardous waste chemicals prior to releasing in the environment, the organic chemical manufacturing company has to go through a series of complex processes. Moreover, the Chinese Ministry of Environmental Protection implemented penalty on manufacturer to lower the environmental pollution level, which led to shut down of many end user industries.