Halogen Flame Free Retardant Market
November 2023 -FRX Innovations, Inc., a pioneer in eco-friendly flame-retardant solutions, today announced an important advancement using a Nofia® flame retardant for the fire protection of the battery housing of electric vehicles (EVs). The product is being tested at one of the world's leading car producers. The latest development not only allows the system to meet the most stringent fire safety standards but also demonstrates a breakdown voltage capability of 1000V. Higher battery voltages mean increased EV efficiency, improved performance, and better charging. For drivers, that means faster charging and less energy consumption. The main parameter for charging speed is charger output power, which depends on voltage and current. This development indicates promising potential for FRX in the burgeoning EV battery housing market - currently valued at US $1.5 billion, expected to grow to US $24 billion by 2033. Marc Lebel, CEO of FRX Innovations, reflects on the Company's trajectory, "The recognition of our product's capabilities by leading global suppliers to the automakers underscores the Company's position at the forefront of material innovation. Our dedication to helping set new benchmarks for EV safety and performance is a testament to the unique properties offered by our polymeric FR solution, Nofia®." FRX continues its expansion in applications used in vehicles, like shrink-tubing and interior low-odor non-migrating FR foam, and in components made from polymers used in automotive such as Polyamide 12 (PA12), Thermoplastic Polyurethane (TPU) and Thermoplastic Ether Ester Elastomer (TPEE). These opportunities are developing quickly due in part to governmental regulations worldwide that are affecting legacy Brominated and PFAS-containing flame retardants where high-performance, environmentally friendly Nofia® can be a replacement.
The key players are Adeka Corporation, Akzo Nobel, Albemarle Corporation, BASF SE, Celanese Corp, Chemtura Corporation Limited, Clariant International Ltd., DKS Co., Ltd., Greenchemicals SpA, Huber Engineered Materials, Israel Chemicals Limited (ICL), Italmatch Chemicals, J.M. Huber Corporation, and Kisuma Chemicals B.V.