Alexium International Group Limited (ASX:AJX) has cited a report showing the worldwide chemical flame retardant market was worth $US7 billion.
The surface treatment company says growth in the industry looks set to be 5.7 per cent per year and that its Alexiflam chemistries falling into the fastest growing sub-sector.
The company says it has routinely shown itself to be unequalled in the marketplace.
Alexium says Europe and North America account for close to half of the world’s FR chemical consumption due mainly to regulations on chemical use.
Alexium reported a net loss of $4.01 million in the 2014 financial year.
