[220+ Pages Latest Report] According to a market research study published by Custom Market Insights, the demand analysis of the Global Firefighting Foam Market size & share revenue was valued at approximately USD 5.5 Billion in 2021 and is expected to reach around USD 6.73 Billion by 2030, at a CAGR of 3.8% between 2022 and 2030. The key market players listed in the report with their sales, revenues and strategies are Dr. STHAMER, 3F, Angus Fire Ltd., Bavaria Fire Fighting Solutions, BIO EX, Buckeye Fire Equipment Company, Dafo Fomtec AB, DIC Corporation, Eau & Feu, FIRECHEM, Johnson Controls, Kerr Fire, KV Fire Chemicals Pvt. Ltd, National Foam, Perimeter Solutions, SFFECO Global, and others.
Sandy, Utah, USA, Oct. 25, 2022 (GLOBE NEWSWIRE) — Custom Market Insights has published a new research report titled “Firefighting Foam Market Size, Trends, and Insights By Types (Aqueous Film Forming Foam (AFFF), Alcohol Resistant Aqueous Film Forming Foam (AR-FFF), Protein Foam (PF), Synthetic Detergent Foam (Medium and High Expansion), By Application (Oil and Gas, Aviation, Marine, Mining, Warehouse, Others), and By Region – Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2022–2030” in its research database.
“According to the latest research study, the demand for global Firefighting Foam Market size & share was valued at approximately USD 5.5 Billion in 2021 and is expected to reach a value of around USD 6.73 Billion by 2030, at a compound annual growth rate (CAGR) of about 3.8% during the forecast period 2022 to 2030.”
Firefighting foam is a mixture of water, air, and concentrates that suppress fire by forming a layer that shields fuel and oxygen. Firefighting foam is a stable mass of tiny air-filled bubbles with a lower density than gasoline, oil, and water. Foam comprises three materials: water, foam concentrate, and air. These ingredients form a homogenous foam blanket when mixed in an appropriate proportion.
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Firefighting foams are essential in controlling and extinguishing flammable liquids fires. It is used to prevent the ignition and re-ignition of flammable liquids. It possesses various characteristics such as expansion ratio (foam ability), fire performance class, foam stability, and burn-back resistance. It has a wide range of applications in areas such as oil & gas, aviation, marine, mining, petroleum & petrochemical, ship & shipyard, warehouse, and airport.
Market Dynamics
Drivers
Customers’ increasing demand for environment-friendly firefighting foams is expected to boost the market growth during the forecast period. Fluorine-free foams are environment-friendly and perform better than their alternatives, such as AFFF and AR-AFFF. In addition, environment-friendly foams are PFAS-free, PFOS-free, and PFOA-free. Thus, the manufacturer has increased its production capacities for fluorine-free firefighting foams. These factors are anticipated to increase the demand for firefighting foam in the market.
(A free sample of the Firefighting Foam report is available upon request; please contact us for more information.)
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Our Free Sample Report Consists of the following:
- Introduction, Overview, and in-depth industry analysis are all included in the 2022 updated report.
- The COVID-19 Pandemic Outbreak Impact Analysis is included in the package
- About 220+ Pages Research Report (Including Recent Research)
- Provide detailed chapter-by-chapter guidance on the Request
- Updated Regional Analysis with a Graphical Representation of Size, Share, and Trends for the Year 2022
- Includes Tables and figures have been updated
- The most recent version of the report includes the Top Market Players, their Business Strategies, Sales Volume, and Revenue Analysis
- Custom Market Insights (CMI) research methodology
(Please note that the sample of the Firefighting Foam report has been modified to include the COVID-19 impact study prior to delivery.)
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Restraints
However, stringent government norms and regulation regarding firefighting foam use has hampered the market’s growth. In addition, the rise in awareness and presence of PFOS and PFAS in firefighting foam contaminates the drinking water sources, which in turn leads to the introduction of acts and laws restricting fluorine-based firefighting foam, hampers the market growth.
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Opportunities
Demand for the oil & gas sector has significantly boosted the market growth, where firefighting foams are used predominantly as safety measures. These factors increase the need for the firefighting foam market in the upcoming years. Moreover, the firefighting foam market growth is boosted owing to the increase in energy, aviation, petrochemical, and mining activities across the globe. In addition, the significant increase in fire-related accidents, especially in the oil & gas industry, surged demand for safety measures such as firefighting foam, driving the market growth and offering new opportunities for the market forecast period.
Key questions answered in this report:
- What is the size of the Firefighting Foam market and what is its expected growth rate?
- What are the primary driving factors that push the Firefighting Foam market forward?
- What are the Firefighting Foam Industry’s top companies?
- What are the different categories that the Firefighting Foam Market caters to?
- What will be the fastest-growing segment or region?
- In the value chain, what role do essential players play?
- What is the procedure for getting a free copy of the Firefighting Foam market sample report and company profiles?
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Key Offerings:
- Market Share, Size & Forecast by Revenue | 2022−2030
- Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Leading Trends
- Market Segmentation – A detailed analysis by Types of Services, by End-User Services, and by Regions
- Competitive Landscape – Top Key Vendors and Other Prominent Vendors
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Challenges
Over the forecast period, the absence of a standardized regulatory body globally for approval of firefighting foam is expected to obstruct market growth. In addition, the stringent regulations for producing foams are projected to challenge the firefighting foam market in 2022-2031.
Report Highlights
Based on Type, the segment includes:
- Aqueous film-forming foam (AFFF).
- Alcohol-resistant aqueous film-forming foam (AR-AFFF).
- Protein foam (PF).
- Synthetic detergent foam (Medium and High Expansion).
- Others.
This is attributed to the fact that alcohol-resistant aqueous film-forming foam (AR-AFFF) can prevent damages caused by alcohol fuel, owing to which it is the most preferred firefighting foam in various end-use industries such as oil & gas, mining, petrochemical, and other.
Furthermore, the demand for AFFF is high in the petrochemical, aviation, and oil & gas industry due to the increased risk of fires from flammable liquids. During the forecast period, these factors are escalating the demand for the alcohol-resistant aqueous film-forming foam (AR-AFFF) firefighting foam segment.
Based on Application, the segment includes oil & gas, aviation, marine, mining, warehouse, and others. Oil & gas dominates the firefighting foam market and is expected to remain the dominant segment during the forecast period. India’s economic growth is closely related to its energy demand. Therefore, the need for oil and gas is projected to grow more, making the sector quite conducive for investment in oil & gas sectors where firefighting foam products are used to measure safety for laborers, manufacturers, and others. This is anticipated to enhance the demand for firefighting foam during the forecast period.
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Regional Snapshots
Region-wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific is the dominant Region in the firefighting foam market. Countries such as China, Japan, India, South Korea, and others countries have significant contributions to the growth of the firefighting foam market in the Region, China’s bridge, aviation, marine, tunnel, and construction activity are expected to grow at a rapid pace owing to the rapid increase in population, industrialization, urbanization, and government support for the aviation, oil& gas, marine, and others has spurred the overall market growth.
Moreover, the growing number of fire accidents in factories and manufacturing plants across India is expected to surge the demand for firefighting foam in the Asia Pacific. For instance, according to a report published by India Brand Equity Foundation in June 2022, Oil demand in India is projected to register a 2x growth to reach 11 million barrels per day by 2045. In addition, diesel demand in India is expected to double to 163 MT by 2029-30, with diesel and gasoline covering 58% of India’s oil demand by 2045. These factors are creating new opportunities for firefighting foam.
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Report Scope
Feature of the Report | Details |
Market Size in 2021 | USD 5.5 billion |
Projected Market Size in 2030 | USD 6.73 billion |
CAGR Growth Rate | 3.8% CAGR |
Base Year | 2021 |
Forecast Period | 2022-2030 |
Prominent Players | Dr. STHAMER, 3F, Angus Fire Ltd., Bavaria Fire Fighting Solutions, BIO EX, Buckeye Fire Equipment Company, Dafo Fomtec AB, DIC Corporation, Eau & Feu, FIRECHEM, Johnson Controls, Kerr Fire, KV Fire Chemicals Pvt. Ltd, National Foam, Perimeter Solutions, SFFECO Global, and Others |
Key Segment | By Type, Application (Oil and Gas, Aviation, Marine, Mining, Warehouse, Others), and Region |
Report Coverage | Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors, and Recent Trends |
Regional Scope | North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America |
Buying Options | Request tailored purchasing options to fulfill your requirements for research. Buy Now |
Key Players
- Dr. STHAMER
- 3F
- Angus Fire Ltd.
- Bavaria Fire Fighting Solutions
- BIO EX
- Buckeye Fire Equipment Company
- Dafo Fomtec AB
- DIC Corporation
- Eau & Feu
- FIRECHEM
- Johnson Controls
- Kerr Fire
- KV Fire Chemicals Pvt. Ltd
- National Foam
- Perimeter Solutions
- SFFECO Global
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Segments covered in the report
Key market segments
By Types
- Aqueous Film Forming Foam (AFFF)
- Alcohol Resistant Aqueous Film Forming Foam (AR-FFF)
- Protein Foam (PF)
- Synthetic Detergent Foam (Medium and High Expansion)
By Application
- Oil and Gas
- Aviation
- Marine
- Mining
- Warehouse
- Others
On the basis of Geography
North America
- The U.S.
- Canada
- Mexico
Europe
- France
- The UK
- Spain
- Germany
- Italy
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia Pacific
The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of the Middle East & Africa
Latin America
- Brazil
- Argentina
- Rest of Latin America
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This Firefighting Foam Market Research/Analysis Report Contains Answers to the following Questions.
- Which Manufacturing Technology is used for Firefighting Foam? What Developments Are Going on in That Technology? Which Trends Are Causing These Developments?
- Who Are the Global Key Players in This Firefighting Foam Market? What are Their Company Profile, Their Product Information, and Contact Information?
- What Was the Global Market Status of the Firefighting Foam Market? What Was the Capacity, Production Value, Cost and PROFIT of the Firefighting Foam Market?
- What Is the Current Market Status of the Firefighting Foam Industry? What’s Market Competition in This Industry, Both Company and Country Wise? What’s Market Analysis of the Firefighting Foam Market by Considering Applications and Types?
- What Are Projections of the Global Firefighting Foam Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about imports and exports?
- What Is Firefighting Foam Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
- What Is Economic Impact on Firefighting Foam Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
- What Is the Market Dynamics of the Firefighting Foam Market? What Are Challenges and Opportunities?
- What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for Firefighting Foam Industry?
Directly Purchase a copy of the Firefighting Foam report [220+ Pages] @ https://www.custommarketinsights.com/report/firefighting-foam-market/
Reasons to Purchase Firefighting Foam Market Report
- Firefighting Foam Market Report provides qualitative and quantitative market analysis based on segmentation involving economic and non-economic factors.
- The Firefighting Foam Market report outlines market value (USD) data for each segment and sub-segment.
- This report indicates the region and segment expected to witness the fastest growth and dominate the market.
- Firefighting Foam Market Analysis by geography highlights the consumption of the product/service in the region and indicates the factors affecting the market within each region.
- The competitive landscape incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled.
- Extensive company profiles comprising company overview, company insights, product benchmarking, and SWOT analysis for the major market players.
- The Industry’s current and future market outlook concerning recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging and developed regions.
- Firefighting Foam Market Includes in-depth market analysis from various perspectives through Porter’s five forces analysis and provides insight into the market through Value Chain.
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Reasons for the Research Report
- The study provides a thorough overview of the global Firefighting Foam market. Compare your performance to that of the market as a whole.
- Aim to maintain competitiveness while innovations from established key players fuel market growth.
What does the report include?
- Drivers, restrictions, and opportunities are among the qualitative elements covered in the worldwide Firefighting Foam market analysis.
- The competitive environment of current and potential participants in the Firefighting Foam market is covered in the report, as well as those companies’ strategic product development ambitions.
- According to the component, application, and Industry Vertical, this study analyzes the market qualitatively and quantitatively. Additionally, the report offers comparable data for the important regions.
- For each segment mentioned above, actual market sizes and forecasts have been given.
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Who should buy this report?
- Participants and stakeholders worldwide Firefighting Foam market should find this report useful. The research will be useful to all market participants in the Firefighting Foam Industry.
- Managers in the Firefighting Foam sector are interested in publishing up-to-date and projected data about the worldwide Firefighting Foam market.
- Governmental agencies, regulatory bodies, decision-makers, and organizations want to invest in Firefighting Foam products’ market trends.
- Market insights are sought for by analysts, researchers, educators, strategy managers, and government organizations to develop plans.
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