IMARC Group, a leading market research company, has recently released a report titled “Firefighting Foam Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global firefighting foam market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
What Are The Growth Prospects Of The Firefighting Foam Industry?
According to the report, The global firefighting foam market size reached US$ 901 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 1,167 Million by 2028, exhibiting a growth rate (CAGR) of 4.5% during 2023-2028.
What is Firefighting Foam?
Firefighting foam is a mass of small air-filled bubbles, which possess a lower density compared to oil, gasoline, and water and are made with foam concentrate, water, and air. It functions in two phases consisting of the separation effect and cooling effect, wherein it suppresses the oxygen supply to the flammable material and then cools down the fire with water vapor supplied by the foam. It is stored in fixed atmospheric tanks, along with high-quality, efficient vacuums, and vents, to prevent any air exchange. It is utilized in warehouses and other areas where flammable liquids are stored and processed.
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What are the growth prospects and trends in the Firefighting Foam industry?
At present, the increasing demand for firefighting foams in various commercial buildings, fuel storage tanks, and oil and gas facilities represent one of the primary factors influencing the market positively. Besides this, the rising incorporation of firefighting foams in areas with the risk of hydrocarbon fires, such as aircraft, airports, and helidecks, is propelling the growth of the market. In addition, the growing demand for electricity in the residential, commercial, and industrial sectors to operate various electronic devices and heavy machinery is offering a favorable market outlook. Moreover, key market players are manufacturing eco-friendly and sustainable firefighting products that are free from fluorine.
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Type:
- Aqueous Film Forming Foam (AFFF)
- Alcohol Resistant Aqueous Film Forming Foam (AR-AFFF)
- Protein Foam
- Synthetic Detergent Foam (High and Mid Expansion Foam)
- Others
Breakup by End Use Industry:
- Oil and Gas
- Aviation
- Marine
- Mining
- Others
Market Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Who are the key players operating in the industry?
The report covers the major market players including:
- Angus Fire Limited
- Dafo Fomtec Ab
- DIC Corporation
- Eau&Feu
- Fabrik chemischer Praparate von Dr.Richard Sthamer GmbH & Co. KG
- Johnson Controls International Plc
- Kerr Fire (Kidde plc)
- KV Fire Chemicals Pvt. Ltd.
- National Foam Inc.
- Perimeter Solutions
- SFFECO Global.
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