Fire Fighting Chemical Market Report: Trends, Forecast and Competitive Analysis to 2030

Fire Fighting Chemical Trends and Forecast

The future of the global fire fighting chemical market looks promising with opportunities in the portable fire extinguisher, automatic fire sprinkler, fire retardant bulkhead, and fire damper markets. The global fire fighting chemical market is expected to reach an estimated $3.8 billion by 2030 with a CAGR of 3.5% from 2024 to 2030. The major drivers for this market are increasing number of fire related accidents and rising demand for portable fire extinguishers.

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Fire Fighting Chemical by Segment

The study includes a forecast for the global fire fighting chemical by type, chemical, application, and region.

Fire Fighting Chemical Market by Type [Shipment Analysis by Value from 2018 to 2030]:

• Dry Chemicals
• Wet Chemicals
• Dry Powder
• Foam Based

Fire Fighting Chemical Market by Chemical [Shipment Analysis by Value from 2018 to 2030]:

• Monoammonium Phosphate
• Halon
• Carbon Dioxide
• Potassium Bicarbonate
• Potassium Citrate
• Sodium Chloride
• Others

Fire Fighting Chemical Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Portable Fire Extinguishers
• Automatic Fire Sprinklers
• Fire Retardant Bulkhead
• Fire Dampers
• Others

Fire Fighting Chemical Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Fire Fighting Chemical Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies fire fighting chemical companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the fire fighting chemical companies profiled in this report include-

• Angus Fire
• DIC
• Fire Safety Devices
• Foamtech Antifire Company
• Johnson Controls

Fire Fighting Chemical Market Insights

Lucintel forecasts that dry chemical is expected to witness the highest growth over the forecast period due to their non-conductive feature, which makes them suitable for extinguishing electrical fires.

Within this market, portable fire extinguisher will remain the largest segment due to its rising usage among residential and commercial sectors given to its affordability, compact size, and ease of deployment.

North America is expected to witness highest growth over the forecast period due to existence of well-established chemical production facilities and presence of key players in the region.

Features of the Global Fire Fighting Chemical Market

Market Size Estimates: Fire fighting chemical market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Fire fighting chemical market size by type, chemical, application, and region in terms of value ($B).

Regional Analysis: Fire fighting chemical market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different types, chemicals, applications, and regions for the fire fighting chemical market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the fire fighting chemical market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the fire fighting chemical market size?

Answer: The global fire fighting chemical market is expected to reach an estimated $3.8 billion by 2030.

Q2. What is the growth forecast for fire fighting chemical market?

Answer: The global fire fighting chemical market is expected to grow with a CAGR of 3.5% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the fire fighting chemical market?

Answer: The major drivers for this market are increasing number of fire related accidents and rising demand for portable fire extinguishers.

Q4. What are the major segments for fire fighting chemical market?

Answer: The future of the fire fighting chemical market looks promising with opportunities in the portable fire extinguisher, automatic fire sprinkler, fire retardant bulkhead, and fire damper markets.

Q5. Who are the key fire fighting chemical market companies?

Answer: Some of the key fire fighting chemical companies are as follows:

• Angus Fire
• DIC
• Fire Safety Devices
• Foamtech Antifire Company
• Johnson Controls

Q6. Which fire fighting chemical market segment will be the largest in future?

Answer: Lucintel forecasts that dry chemical is expected to witness the highest growth over the forecast period due to their non-conductive feature, which makes them suitable for extinguishing electrical fires.

Q7. In fire fighting chemical market, which region is expected to be the largest in next 5 years?

Answer: North America is expected to witness highest growth over the forecast period due to existence of well-established chemical production facilities and presence of key players in the region.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the fire fighting chemical market by type (dry chemicals, wet chemicals, dry powder, and foam based), chemical (monoammonium phosphate, halon, carbon dioxide, potassium bicarbonate, potassium citrate, sodium chloride, and others), application (portable fire extinguishers, automatic fire sprinklers, fire retardant bulkhead, fire dampers, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?