Phthalates and BPA, commonly known as ‘everywhere chemicals,’ are extensively used in various plastic products integral to daily life, yet their presence raises health concerns. Despite these concerns, replacing these chemicals in consumer products is challenging due to the difficulty in finding economically viable and safe alternatives.
Phthalates, serving as plasticizers, are a group of chemicals employed to enhance the durability of plastics. Some phthalates aid in dissolving other materials and find use in lubricating oils, personal care items (like shampoos, hair sprays, and soaps), and vinyl flooring.
BPA, a colorless crystalline solid from the organic compounds family, is widely recognized for its role in manufacturing polycarbonate plastics and epoxy resins, notably used in water bottles, baby bottles, and food and beverage containers.
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The escalating focus on curbing Scope 3 emissions is significantly influencing the market share of phthalates and bisphenol A.
Global companies are fervently working to reduce greenhouse gas (GHG) emissions, particularly by evaluating their energy consumption across offices, factories, warehouses, and fleets. Efforts are targeted at cutting Scope 3 emissions, stemming from activities throughout a broader value chain.
The impact of Scope 3 emissions varies based on industry and company specifics, with a significant portion originating upstream through suppliers and raw materials. Businesses are expected to collaborate closely with suppliers and customers to quantify and manage these emissions. Companies taking a systematic and strategic approach towards Scope 3 emissions not only fulfill commitments but also gain substantial advantages, potentially increasing their market share.
Though not mandatory in the U.S., reporting on Scope 3 emissions is a requirement under the Science-based Targets Initiative’s (SBTi) Net Zero Standard, which more than 3,000 global organizations adhere to. Additionally, the International Sustainability Standards Board (ISSB) and the U.S. Electronic Subcontracting Reporting System (eSRS) have outlined recommendations necessitating disclosure of certain Scope 3 emissions, with the ISSB mandating qualitative information to explain emission calculations.
The growth in the plastics industry
advancements in material science and engineering, has spurred widespread and diversified applications of plastics in consumer goods. Plastics, known for making products more affordable, lighter, stronger, safer, and durable, are extensively utilized in various consumer goods, thereby boosting the market for phthalates and bisphenol A. These materials are key to preserving food freshness, providing therapeutic benefits in medical applications, and even preventing fires in household electronics through their unique properties and applications.