Global Fire Fighting Foam Market Size, Trends & Growth Opportunity, By Foam Type (Aqueous Film Forming Foam (AFFF), Alcohol Resistant Aqueous Film Forming Foam (AR-AFFF), Protein Foam, Synthetic Detergent Foam), By Fire Type (Class A, Class B, Class C), By End-use (Oil & Gas, Automotive, Chemical, Aviation, Marine, Mining, Others) By Region and Forecast till 2027.
Report ID : IR100510 | Industries : Chemicals & Materials | Published On :May 2024 | Page Count : 119
Global Fire Fighting Foam Market Size, Trends & Growth Opportunity, By Foam Type (Aqueous Film Forming Foam (AFFF), Alcohol Resistant Aqueous Film Forming Foam (AR-AFFF), Protein Foam, Synthetic Detergent Foam), By Fire Type (Class A, Class B, Class C), By End-use (Oil & Gas, Automotive, Chemical, Aviation, Marine, Mining, Others) By Region and Forecast till 2027.
Global Fire Fighting Foam Market
The global Fire Fighting Foam market was valued at USD 5 million in 2021 which expected to reach USD 6 million by 2027 at a CAGR 2.91 % from 2022-2027.
Firefighting foam is primarily used for fire suppression and to keep oxygen from coming into contact with the fire. Because of its ability to extinguish fire, separate the fire source from the product surface, suppress vapors, and prevent smothering, it is used instead of conventional extinguishing agents such as dry chemicals, water, and carbon dioxide. Firefighting foam is a dense mass of small air-filled bubbles that is lighter than water, oil, and gasoline.
Market Drivers
Increasing fire incidents, including wildfires caused by climate change, fuel-based fires, and fires caused by electrical failures, are expected to drive the industry over the forecast period. Demand for firefighting foam has increased in industries such as oil and gas, automotive, chemical, aviation, marine, mining, and others. This foam is used to put out fires caused by fuel, wood, electrical faults, and other factors.
Market opportunities
Increased research and development activities for fluorine-free firefighting foam are expected to provide lucrative opportunities to the firefighting foam market. Stringent regulations governing the production of firefighting foam, as well as the lack of a standardized regulatory body worldwide for the approval of firefighting foam, are expected to stymie the firefighting foam market.
Impact of COVID-19
The emergence of the new COVID strain has harmed the health-care infrastructure in many developed and developing countries. Hospital personnel, medications, oxygen beds, and ventilators are in short supply. Graveyards and crematoriums have been working hard to reduce the number of dead bodies. Manufacturing activities in many countries are being disrupted as supply chains are disrupted.
Market Segmentation
The Global Fire Fighting Foam Market is segmented into Foam Type, Fire Type, Distribution Channel and Growing System. By Foam Type such as Aqueous Film Forming Foam (AFFF), Alcohol Resistant Aqueous Film Forming Foam (AR-AFFF), Protein Foam, Synthetic Detergent Foam. By Fire Type such as Class A,Class B, Class C. By End-use such as Oil & Gas, Automotive, Chemical, Aviation, Marine, Mining, Others.
Regional Analysis
Global Fire Fighting Foam Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. During the forecast period, the Fire Fighting Foam market in APAC is expected to grow at the fastest CAGR. This is due to the rapid growth of industries such as chemical, marine, automotive, and aviation in economically developing countries such as China and India. The Asia Pacific region accounts for a significant portion of global chemical production, and fires are frequently caused by a lack of proper industrial safety. Furthermore, dry weather conditions across the region are fueling fire accidents, resulting in endless wildfires, causing further damage to the environment, life, and economy.
North America is the second-largest region in terms of global consumption of the product, owing to rising demand from countries such as the United States and Mexico. Increasing fire-related accidents and wildfires in the United States and Mexico as a result of climatic changes and human negligence are expected to drive the regional market over the forecast period.
Key Players
Various key players are listed in this report such as BIO EX S.A.S.; ANGUS FIRE; National Foam; Perimeter Solution; DIC Corp.; Johnson Controls; Dafo Fomtec AB; Fabrik chemischer Praparate von Dr. Richard Sthamber GmbH & Co. KG; Kerr Fire; SFFECO GLOBAL
Market Taxonomy
By Foam Type
• Aqueous Film Forming Foam (AFFF)
• Alcohol Resistant Aqueous Film Forming Foam (AR-AFFF)
• Protein Foam
• Synthetic Detergent Foam
By Fire Type
• Class A
• Class B
• Class C
By End-use
• Oil & Gas
• Automotive
• Chemical
• Aviation
• Marine
• Mining
• Others
By Region
• North America
• Latin America
• Europe
• China
• Asia Pacific
• Middle East & Africa
Key Questions Addressed by the Report
• What are the Key Opportunities in Global Fire Fighting Foam Market?
• What will be the growth rate from 2022 to 2027?
• Which segment/region will have highest growth?
• What are the factors that will impact/drive the Market?
• What is the competitive Landscape in the Industry?
• What is the role of key players in the value chain?