The company has acquired an additional 10 acres of land to support this growth, with a strong focus on scaling up flame retardant and polymer compounding products, driven by rising demand in both domestic and international markets.
Mohit Jindal, Chairman & Managing Director, SK Minerals & Additives Ltd, said: “Indian OEMs across sectors such as electrical appliances, cables & wires, plastics, automotive, and electric vehicles are increasingly facing challenges in accessing advanced materials and technical expertise required to meet evolving global safety and regulatory standards. Our vision is to position India as a global hub for advanced and sustainable fire safety solutions.”
The demand for next-generation Halogen-Free Flame Retardant (HFFR) solutions is witnessing strong growth across segments including cables and wires, electrical appliances, electronics, composites, and fibres.
Growing demand
According to industry estimates, the global flame retardants market is valued at over US$8 - 9 billion and is expected to grow at a CAGR of 6 - 7% over the next five years. The HFFR segment is expanding at a faster pace of around 8 - 10% CAGR, driven by stringent environmental regulations and a global shift toward non-toxic, low-smoke materials. With the planned capacity expansion, SK Minerals & Additives is well positioned to capitalise on this growing demand. The company aims to evolve into a technology-driven partner for OEMs, enabling them to meet global compliance standards while enhancing safety, performance, and sustainability.
Jindal added: “We are witnessing strong interest from industry stakeholders as fire safety gains increasing importance across sectors. This encouragement reinforces our commitment to scale up capabilities and deepen our technical engagement with customers.”
A key part of the expansion includes the establishment of a dedicated R&D facility focused on advanced fire safety solutions. The facility will support Indian manufacturers in meeting stringent international standards, particularly in the US and European markets.
Driven by innovation, the company is actively developing advanced technologies to reduce India’s reliance on imports and strengthen domestic capabilities in high-performance flame-retardant solutions.