As per a report published by Allied Market Research, the global firefighting foam industry was pegged at $856.3 million in 2018, and is expected to reach $1.14 billion by 2026, growing at a CAGR of 3.6% from 2019 to 2026. The report offers a detailed analysis of drivers & opportunities, market size & estimations, top winning strategies, key segments, and competitive scenario.
Rise in demand from end-use
industries and government rules and regulations related to fire safety have
propelled the growth of the global firefighting foam market. However, ban on
fluorinated firefighting foams impedes the market growth. On the contrary,
innovations in fire extinguisher products are expected to offer multiple
opportunities in the near future.
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The firefighting market is
segmented into type, end-use industry, and region. Based on type, the market is
classified into aqueous film forming foam (AFFF), alcohol resistant aqueous
film forming foam (AR-AFFF), protein foam, synthetic detergent foam (high and
mid-expansion foam), and others. The AFFF segment held the largest share in
2018, accounting for around one-third of the global firefighting foam market.
The segment would dominate the market throughout the forecast period. In
addition, the segment is expected to register the fastest CAGR of 3.9% by 2026.
Based on end user, the market is
categorized into oil & gas, aviation, marine, mining, and others. The oil
& gas segment dominated the global market in 2018, accounting for nearly
one-third of the market. The segment would maintain its dominant position
throughout the forecast period. Furthermore, the same segment is anticipated to
register the highest CAGR of 3.9% during the forecast period.
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Foam Market: https://www.alliedmarketresearch.com/request-for-customization/5104?reqfor=covid
Region-wise, the market is
analyzed across Asia-Pacific, North-America, Europe, and LAMEA. The market
across Asia-Pacific held the largest share in 2018, accounting for nearly
one-third of the market. In addition, the region is expected to manifest
the fastest CAGR of 3.9% between 2019 to 2026. On the
other hand, North America is expected to register a CAGR of 3.2% during the
forecast period. The market also offers an in-depth study of regions including
LAMEA and Europe.
Major market players in the
report include Dr. Sthamer, National Foam, Angus Fire Ltd., Kerr Fire, Sffeco
Global, DafoFomtec Ab, Solberg, Auxquima, Perimeter Solutions, Eau&Feu, DIC
Corporation, Johnson Controls International Plc, Ansul, Chemguard, Williams
Fire, Sabo Foam.
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