Pune, Maharashtra -- (SBWire) -- 10/12/2022 --Firefighting foam is a stable, low-density mass of small air bubbles. To stop fire from coming into contact with oxygen, it spreads above the fuel, sticks to various surfaces, and forms a sturdy foam blanket. Firefighting foam extinguishes flammable and combustible liquids by chilling and removing the flame from the product surface, suppressing vapors, and smothering, in contrast to other extinguishing agents such dry chemical, water, and carbon dioxide (CO2). As a result, it is frequently used in locations where flammable liquids are moved, processed, kept, and used as fuel.
As per the market research report by SNS Insider, the firefighting foam market is projected to cross USD 992.21 million by 2028, with a CAGR of 4% during the forecast period of 2022–2028.
Buy This Exclusive Report @ https://www.snsinsider.com/checkout/1698?utm_source=KailasRW
Drivers, Restraints, Opportunities, and Challenges
The firefighting foam market is primarily driven by a few factors. First off, there is a growing need for firefighting foam due to the significance of fire safety. Second, as it is used in numerous products like sprinklers, fire hoses, and fire extinguishers, the expanding construction sector is also a major factor in the demand for firefighting foam. Thirdly, the demand for firefighting foam is also rising as a result of the increasingly strict fire safety standards.
Government bodies in several nations are concentrating on finding environmentally safe substitutes for the perfluorinated compounds used in the marine naval firefighting foam due to growing environmental concerns. Leading industry players are introducing fluorine-free foam concentrates with less influence on the water as these compounds damage ground drinking water.
Impact of the COVID-19 Pandemic
The COVID-19 pandemic has had a significant negative influence on the world economy on a number of levels, which even extends to the oil and gas sector. Due to the closure of the manufacturing facilities, a severe shortfall in the supply of raw materials, and a lack of qualified labor, the oil and gas industrial sector experienced a sharp decline in revenues during the lockdown period. The current pandemic-related conditions indicate that there have been difficulties with production and supply chain operations.
Market Segmentation
By Type:
1.Aqueous Film Forming Foam (AFFF)
2.Alcohol Resistant Aqueous Film Forming Foam (AR-AFFF)
3.Protein Foam (PF)
4.Synthetic Detergent Foam (Medium and High Expansion)
5.Others
By End-use:
1.Oil & Gas
2.Aviation
3.Marine
4.Mining
5.Others
The AFFF segment has dominated the firefighting foam market in terms of kind. Because the oil and gas industry uses AFFF so frequently, there is a significant demand for it. The increased risk of fires from flammable liquids has led to a significant demand for AFFF in the oil and gas sector.
When it comes to end users, the firefighting foam market is dominated by the oil and gas sector. Since the oil and gas industry uses a lot of firefighting foam, it has been the biggest market recently. The increased danger of fire accidents and the effectiveness of firefighting foam in putting out such fires can both be related to the high demand.
Regional Analysis
The Asia-Pacific region currently holds a monopoly on the firefighting foam industry owing to the expansion of the mining, marine, and aviation sectors in nations like India, Singapore, China, and Malaysia. Due to expanding investments in a variety of industries in the region, North America is anticipated to have the fastest growing market during the forecast period. The expansion of the oil and gas industry is being supported by numerous national oil corporations in the area. As a result, these elements are fueling APAC's need for firefighting foam.
Competitive Landscape Outlook
Angus Fire, Kerr Fire, Profoam International, Johnson Controls, Viking Group Inc., Vintex Fire Protection Pvt. Ltd., Perimeter Solutions, COFCO India, KV Fire Chemical Pvt Ltd., and Foamtech Antifire are some of the key market players operating in the firefighting foam market.
Book Your Free Sample Report @ https://www.snsinsider.com/sample-request/1698?utm_source=KailasRW
Table Of Content
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact Of The Ukraine-Russia War
5. Value Chain Analysis
6. Porter's 5 Forces Model
7. PEST Analysis
8. Global Firefighting Foam Market Segmentation, By Type
8.1 Aqueous Film Forming Foam (AFFF)
8.2 Alcohol Resistant Aqueous Film Forming Foam (AR-AFFF)
8.3 Protein Foam (PF)
8.4 Synthetic Detergent Foam (Medium And High Expansion)
8.5 Others
9. Global Firefighting Foam Market Segmentation, By End-Use
9.1 Oil & Gas
9.2 Aviation
9.3 Marine
9.4 Mining
9.5 Others
10. Regional Analysis
10.1 Introduction
10.2 North America
10.2.1 The USA
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 The UK
10.3.3 France
10.3.4 Italy
10.3.5 Spain
10.3.6 The Netherlands
10.3.7 Rest Of Europe
10.4 Asia-Pacific
10.4.1 Japan
10.4.2 South Korea
10.4.3 China
10.4.4 India
10.4.5 Australia
10.4.6 Rest Of Asia-Pacific
10.5 The Middle East & Africa
10.5.1 Israel
10.5.2 UAE
10.5.3 South Africa
10.5.4 Rest
10.6 Latin America
10.6.1 Brazil
10.6.2 Argentina
10.6.3 Rest Of Latin America
11. Company Profiles
11.1 Orchidee,
11.1.1 Financial
11.1.2 Products/ Services Offered
11.1.3 SWOT Analysis
11.1.4 The SNS View
11.2 Johnson Controls
11.3 Oil Technics (Firefighting Products) Ltd.
11.4 Perimeter Solutions
11.5 Angus Fire
11.6 Dr. Sthamer
11.7 NAFFCO
11.8 SFFECO Global
11.9 Dafo Fometec AB
11.10 Kerr Fire
11.10 Foamtech Antifire
11.11 Eau & Feu
11.13 Fireade Inc.
11.14 BIOEX
11.15 J. F. Ahern Co.
11.16 Integrated Fire Protection Pvt Ltd.
11.17 Viking Group Inc.
11.18 KV Fire Chemical Pvt Ltd.
11.19 3F
11.20 Buckeye Fire Equipment Company
11.21 Profoam International
11.22 Firechem
11.23 COFCO India
11.24 Vintex Fire Protection Pvt. Ltd.
12. Competitive Landscape
12.1 Competitive Benchmarking
12.2 Market Share Analysis
12.3 Recent Developments
13. Conclusion
Firefighting Foam Market : Growing at a CAGR of 4% : Will Reach USD 992.21 Million by 2028 : Published by SNS Insider
Antimicrobial Coatings Market Next Big Thing | Major Market Players Are Kerr Fire, Johnson Controls, NAFFCO, Oil technics (Firefighting Products) Ltd., Perimeter Solutions