Firefighting Foam Market Growth Analysis Report (2023-2028)

Market Insights

"The global firefighting foam market size was estimated at USD 758.73 million in 2022 and is likely to grow at a CAGR of 4.0% during 2023-2028 to reach USD 962.8 million in 2028."

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Firefighting Foam is a type of foam that is used in the suppression of fire. The foam is used in cooling the fire by cutting off the fuel contact with the oxygen in the air. Firefighting Foam can be of different types such as aqueous film-forming foam, alcohol-resistant aqueous film-forming foam, protein foam, synthetic detergent foam, and others. Oil & gas, aviation, marine, mining, and others are some of the applications industries where firefighting foam is used.

Market Dynamics

Market Drivers

The firefighting foam marke is driven by a host of factors, some of which are noted below:

An increase in fire-related accidents, particularly in the oil and gas industry, increases demand for effective safety measures such as firefighting foam. Furthermore, the government's strict rules and regulations require fire safety measures. Due to its characteristics, including better expansion ratios, foam stability, resilience to higher temperatures, and effectively cutting off the oxygen supply to a fire, firefighting foam is becoming more and more popular.

Wildfires have occurred more frequently in the United States, destroying an estimated 198,797 acres of land and 503 buildings. Water bodies become contaminated as a result of the PFAO's propensity to leach into the soil and groundwater supply. However, as public awareness of the inclusion of PFOS and PFAS in firefighting foam contaminating drinking water sources has grown, acts and laws restricting the use of fluorine-based firefighting foam have been enacted.

Meanwhile, research and development initiatives for fluorine-free firefighting foam are likely to provide a lucrative prospect for industry expansion. However, it is projected that the industry would be impacted by growing worries about the use of harmful chemicals used in the production of firefighting foam, such as perfluorooctane sulfonate (PFOS) and perflperfluorooctanoic (PFOA).

Segment Analysis

By Type

"The aqueous film-forming foam (AFFF) segment accounted for the largest market share."

The market is segmented as aqueous film-forming foam (AFFF), alcohol-resistant aqueous film-forming foam (AR-AFFF), protein foam, synthetic detergent foam (High & Mid Expansion Foam), and others. The aqueous film-forming foam (AFFF) segment dominated the market with the highest share in 2022 and is expected to remain dominant during the forecast period. Due to its extensive usage by the oil & gas industry, which is due to the huge risk of fires from flammable liquids. AFFF is favored as it owns such fires effectively and bears a longer shelf life.

End-Use Industry Trends

"The oil & gas segment accounted for the largest market share."

The market is segmented as oil & gas, aviation, marine, mining, and others. The oil & gas end-use industry held the largest market share in 2022 and is the largest consumer of firefighting foam. This high consumption is on account of the grave risk of fire accidents and the efficiency of firefighting foam in fighting out such fire outbreaks.

Regional Insights

"Asia-Pacific accounted for the largest market share."

Asia-Pacific held a significant market share in 2022 and is the largest and fastest-growing market for firefighting foam and is estimated to maintain its dominance during the forecast period as well. The market is driven by various countries, adopting downstream activities, such as refining and processing because of the increasing demand for oil & gas in the region. Further, the enormous investments by various national oil companies in the region are boosting the growth of the oil & gas industry and hence, these factors are underpinning the demand for firefighting foam in the Asia-Pacific region. North America and Europe are also expected to offer substantial growth opportunities in the coming five years.

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Critical Questions Answered in the Report

• What are the key trends in the global market?
• How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in the next five years?
• What is the impact of COVID-19 on the global market?
• What are the key strategies adopted by the major vendors to lead in the market?
• What is the market share of the top vendors?

Key Players

The following are the key players in the firefighting foam market (arranged alphabetically).

• Angus Fire Limited
• Auxquimia
• Buckeye Fire Equipment Company
• Bavaria Egypt S.A.E.
• Dafo Fomtec AB
• Fireade Inc.
• Johnson Controls International PLC.
• KV Fire Chemicals Pvt. Ltd.
• Oil Technics (Fire Fighting Products) Ltd.

Note: The above list does not necessarily include all the top players in the market.

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Research Methodology

This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s firefighting foam market realities and future market possibilities for the forecast period. The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for the market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate the growth strategies to expedite their growth process.

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

What Deliverables Will You Get in this Report?

The market is segmented into the following categories.

By Type

• Aqueous Film Forming Foam (AFFF)
• Alcohol Resistant Aqueous Film Forming Foam (AR-AFFF)
• Protein Foam
• Synthetic Detergent Foam (High & Mid Expansion Foam)
• Others

By End-Use Industry Type

• Oil & Gas
• Aviation
• Marine
• Mining
• Others

By Region

• North America (Country Analysis: the USA, Canada, and Mexico)
• Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and the Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and the Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

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Customization Options

Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.

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