According to a recent market study published by Growth Market Reports titled, “Global Firefighting Foam Market by Products, Types, Applications, and Region: Size, Share, Trends and Opportunity Analysis, 2017-2027”, the market was valued at USD 855.2 Million in 2019 and is expected to grow at a growth rate of 4.3% by the year 2027. The global firefighting foam market is anticipated to grow owing to growing incidences of fire-related accidents leading to casualties and loss of property, increasing shift toward environmentally safe products, and rising in construction and expansion of airports. Firefighting foam finds applications in areas such as oil & gas, aviation, marine, mining, petroleum & petrochemical, ship & shipyard, warehouse, and airport. Companies supply multi-purpose firefighting foam concentrates that are also known as A and B foam concentrates.

The global firefighting foam market is fragmented based on types, application, and region. Based on types, the firefighting foam market is segmented into Aqueous film forming foam (AFFF), Alcohol Resistant Aqueous Film Forming Foam (AR-AFFF), Protein foam (PF), Synthetic detergent foam (Medium and High expansion), and others. On the basis of applications, the firefighting foam is classified as oil & gas, aviation, marine, mining, warehouse, and others. Based on region, the global firefighting foam market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as US, and Canada. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, Asia Pacific is further segmented into, India, China, South Korea, Australia, South East Asia, Japan, and Rest of Asia Pacific. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe, and the MEA region is further divided into Saudi Arabia, South Africa, UAE, and Rest of Middle East & Africa (MEA).

Request a free sample copy: https://growthmarketreports.com/request-sample/155

In year 2020, the firefighting foam market is expected to witness the sluggish growth due to COVID 19 pandemic. However, increased prevalence of the COVID-19 globally has led to the decline in the demand for the firefighting foams. Hence, the demand for firefighting foam is projected to decrease temporarily. The market is also anticipated to witness slight fluctuations in demand and supply for firefighting foam due to closing of international trades.

As per Growth Market Reports industry analyst Akshay Udavant, “The Global firefighting foam market is anticipated to witness significant growth during forecast period 2020-2027 driven by The growth of firefighting foam market is attributed to growing number of fire-related incidents leading to casualties and loss of property, rising construction-related activities for the expansion of airports, and increasing shift toward environmentally safe products. Rising research and development activities for improving fluorine-free firefighting foam is expected to create significant opportunities in the market in the coming years.

Key Takeaways from the Study:

  • Asia Pacific accounts for a significant share of the market, followed by North America. The market in Asia Pacific is projected to expand at significant CAGR during the forecast period.
  • The AFFF segment is estimated to expand at a high CAGR owing to its applications in fighting high-hazard flammable liquid fires.

Report Scope:

Report Metric

Details

Market Value in 2019

USD 855.2 Million

Market Growth Rate (from 2020 to 2027)

4.3%

Historical Data

2017 & 2018

Base Year

2019

Forecast Period

2020 - 2027

Units Considered

Value (US$ Million)

Market Segments

By Types, By Application

Regional Scope

North America, Europe, Latin America, Asia Pacific, Middle East & Africa (MEA)

Country Scope

US., Canada, Brazil, Mexico, Rest of Latin America, India, China, Japan, South Korea, Australia, South East Asia, Rest of Asia Pacific, U.K., France, Germany, Italy, Spain, Russia, Rest of Europe, Saudi Arabia, South Africa, UAE, and Rest of MEA.

Key Companies Profiled

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

Customization Scope

Report customization available on request

Pricing and Purchase Options

Avail tailor-made purchase options to meet your research requirements.

Target Audience:

  • Supply-side: firefighting foam manufacturers, raw material suppliers, primary respondents, and distributors.
  • Demand Side: Oil & gas industry, aviation industry, marine industry, mining industry, warehouse etc.
  • Regulatory Side: Concerned government authorities, commercial research & development (R&D) institutions, and other regulatory bodies
  • Associations and Industry Bodies: Environmental Protection Agency (EPA), Ministry of Health, Labor and Welfare (MHLW), World Trade Organization (WTO), American National Standards Institute (ANSI).