What is Market Readiness?
Market readiness is the process of ensuring that a product is ready, and compliant, for sale in a given market. It can also be referred to as Salability. In evaluating a product’s market readiness, we examine a scope including:
- Hazard Communication
- Substance Registration/Notification
- Product Registration/Notification
- Product Use Specific Requirements
- Identification of Applicable Regulations
ChemADVISOR Services in Support of Market Readiness
ChemADVISOR’s team of experts monitors regulations around the world. Our global expertise is primed to evaluate products (or potential products) for sale between regulated countries. Our experts can not only identify chemicals that are regulated, but further interpret how regulations may (or may not) affect our customer’s attempts to push product to market.
As part of a market readiness assessment, regulatory experts will complete a product review that involves evaluation of the product (and substances within the product) to identify regulatory requirements for legal sale for industrial or consumer applications. The product review will be the first step toward full compliance. The review will summarize the current regulatory status, as applies to your unique situation, identify any gaps that need to be addressed, and steps needed before your material can be declared “Market Ready.”