ICL Group Ltd. (ICL) has announced the launch of VeriQuel R100, a pioneering phosphorus-based reactive flame retardant tailored for rigid polyurethane insulation applications. This groundbreaking product is ideal for sheathing, in-wall installations, and PIR roofing—used in over 70% of commercial roofs globally. Developed with a $2 million R&D investment, VeriQuel R100 offers a sustainable alternative to conventional additive flame retardants.

This patented solution not only meets stricter environmental regulations but also ensures long-lasting performance and compatibility with existing manufacturing systems, simplifying the transition for manufacturers. Four leading U.S. commercial roofing companies have already adopted VeriQuel R100, with six more companies in the U.S. and Europe in the product development phase.

The demand for environmentally friendly building materials continues to surge. VeriQuel R100 addresses this trend by delivering high performance and fire safety without compromising sustainability. The global rigid polyurethane foam market, valued at approximately $21 billion in 2023, is projected to grow at a CAGR of 5.8% from 2024 to 2030, driven by construction industry demands for energy-efficient materials.

ICL's innovative strides have been reflected in its stock performance, which has risen 1% over the past year, outperforming its industry’s 11.5% decline.

For investors, ICL holds a Zacks Rank #2 (Buy). Other noteworthy performers in the basic materials sector include CF Industries Holdings (CF), Coeur Mining (CDE), and Methanex Corporation (MEOH), which have shown strong earnings potential and market performance.

Source: Zacks Equity Research