Surge in Chemical Stocks Containing Flame Retardants... Market Cap Increased by $350 Million in Just One Day

Perimeter Solutions Inc. (PRM) closed at $35.74 on the New York Stock Exchange on the 10th, up 5.68%, with trading volume of approximately 1.217 million shares. Its market capitalization rose to about $5.8 billion (roughly KRW 7.6 trillion), an increase of around $350 million (about KRW 450 billion) in a single day.

In January, the company completed its acquisition of minimally invasive medical-device equipment provider MMT for roughly $685 million, expanding its operations into medical-technology manufacturing. In March, it received FM Approval for its fluorine-free firefighting foam SOLBERG EVOLUTION 3% SFFF—designed for aviation and sprinkler systems—further strengthening its eco-friendly firefighting materials portfolio.

Perimeter Solutions is a fire-safety and specialty-chemicals firm that supplies long-term fire retardants, firefighting foams, and specialty lubricant additives, primarily to government agencies such as the U.S. Forest Service and to industrial customers. Its flagship product, the PHOS-CHEK long-term fire retardant, is widely used in wildfire suppression worldwide, and structural demand has drawn increased attention amid climate change and the rise in large-scale wildfires.