October 20, 2022, Clariant AG (Muttenz, Switzerland) will create a second production line at its new CHF 60 million state-of-the-art facilities for Exolit OP halogen-free flame retardants currently under construction in Daya Bay, China. This additional CHF 40 million investment will further expand access to innovative and sustainable fire protection solutions and related technical expertise to support the significant growth of engineering plastics applications in E-mobility and electrical & electronic segments.
“Brands and equipment manufacturers are increasingly switching to non-halogenated flame retardants to meet rising electrification needs and sustainability claims. And we see this in the rapidly growing demand for our Exolit OP flame retardants in China and other Asian markets. Offering local production and the support of technical experts at Daya Bay, alongside the development capabilities at the One Clariant Campus laboratories in Shanghai, will enable us to respond faster to local, regional and global supply needs and also work more closely with our customers to fulfill increasing safety regulations and technical performance requirements in E-mobility, 5G communications, transportation and beyond,” comments Jochen Ahrens, Clariant’s head of flame retardants business. According to stratview Research the non-halogenated flame retardants rarket is likely to witness an impressive CAGR of 8.5% during the forecast period. This report offers high-quality insights in terms of regions, Asia-Pacific is estimated to be the leading region in the market during the forecast period. The growth of the region’s market is on account of the large-scale spending in China and India, the presence of manufacturing facilities and fire safety concerns in the region. Europe and North America are also expected to offer substantial growth opportunities during the forecast period.
Stratview research delivers custom research services across the sectors. In case of any custom research requirements, please send your inquiry to email@example.com. Or connect with our experts at +1-313-307-4176.
Stratview Research is a global market research firm, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with insightful market data to aid strategic decision making. These exclusive reports are the result of exclusive research methodology and are available for key industries such as chemicals, composites, advanced materials, technology, renewable energy, and more.