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IMARC Group, a leading market research company, has released a report titled “Firefighting Foam Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“. 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.
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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Firefighting Foam Market Trends and Drivers:
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.
Report 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
Competitive Landscape with Key Player:
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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