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Reduction of workers exposure to formaldehyde
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CHEMICALS AND SUSTAINABILITY: High-Level Roundtable for EU chemicals strategy holds its first meeting / Cefic and industry players make proposals for priorities
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Beauty and personal care trade association and company representatives say successful implementation of the European Commission s Chemicals Strategy for Sustainability must consider specific industry and value chain needs (Getty Images) The European Commission’s Chemicals Strategy for Sustainability will lay important foundations for achieving European Green Deal goals, but it must consider the specificities of individual industries and value chains, say beauty and personal care industry representatives.
Last week, the trade association Cosmetics Europe participated in the European Commission’s (EC) first High-Level Roundtable on the implementation of the Chemicals Strategy for Sustainability (CSS) alongside representatives from the International Association for Soaps, Detergents and Maintenance Products (A.I.S.E.); the European Chemical Industry Council (Cefic); Covestro; Solvay; Henkel; Eurometaux; and SMEunited.
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The global specialty chemicals market size is expected to reach USD 844.2 billion by 2027, expanding at a CAGR of 3.7% over the forecast period.
Higher performance achieved by the application of specialty chemicals when compared to their conventional counterparts is expected to be one of the prime market growth factors.
According to the European Chemical Industry Council (Cefic), specialty chemicals accounted for more than 25.0% of the total production in the EU region in FY 2018.
Increasing disposable income, growing awareness, healthcare spending, construction spending, infrastructural development, and population growth are factors likely to increase the product sales across end-use industries such as construction, personal care, and cosmetics, pharmaceutical and nutraceuticals, food, automotive, and electronics.
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