Market Research Report
Firefighting Foam Market Forecasts to 2028 - Global Analysis By Expansion (High, Medium, Low), Type (Protein Foam, Aqueous Film Forming Foam), End User, and By Geography
|Firefighting Foam Market Forecasts to 2028 - Global Analysis By Expansion (High, Medium, Low), Type (Protein Foam, Aqueous Film Forming Foam), End User, and By Geography|
Published: May 1, 2022
Stratistics Market Research Consulting
Content info: 200+ Pages
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According to Stratistics MRC, the Global Firefighting Foam Market is accounted for $784.72 million in 2021 and is expected to reach $1164.43 million by 2028 growing at a CAGR of 5.8% during the forecast period. The firefighting foams are a mixture of air, water, and concentrates that suppress fire by forming a layer that shields between fuel/source and oxygen. The foam creates a durable foam blanket, spreads above the fuel, and adheres to various surfaces for stopping the contact of fire with oxygen.
Increased fire-related accidents leading to casualties and loss of property
The rise in investment by the globally operating firms in the fire protection of their facilities has increased the installation of fire protection systems, which utilize automatic suppression systems due to the presence of stringent regulations. Companies from the oil, gas, and mining sector are increasing their spending on fire suppression. They are employing firefighting foams to prevent and contain the critical fire accidents, happening in onshore and offshore oil, gas, and mining facilities because of the hydrocarbons that are released from pipelines and process plants.
The approval for firefighting foam is challenging, as each country has various regulations for approvals. Numerous companies are manufacturing firefighting foam by adhering to the specific regulations to clear the test for their products in a particular country. These standards reduce the possibility of manufacturers expanding into different countries. This, in turn, is expected to restrain the firefighting foam market.
Increasing shift towards the eco-friendly firefighting foam
Various types of firefighting foams contain fluorochemical which has proved to be harmful to the environment and to the human race. Manufacturers usually use fluorochemical in foam due to various advantages such as it provides increasing extinguishment speed, providing a thin film to suppress vapors, and adding oleophobic properties to the foam. But recently, various regulatory authorities have banned the use of fluorosurfactants that are C8 in the fluorocarbon chain length. Hence, the shift to C6 from C8 by various manufacturers has resulted in a new range of firefighting foams that are considered environmentally safe and are providing opportunities for market growth.
Restriction on the use of fluorine-based firefighting foam
Disadvantages and side-effects of fluorine-based firefighting foam have led to the ban of these products in several countries across the globe. The government of Australia has banned the use of firefighting foams containing fluorine due to problems such as the harmful impact of the chemicals on the environment. This ban is extended to all types of fluorinated firefighting foams. Therefore, an increase in the restrictions and ban on the use of fluorine-based firefighting foam in several countries is acting as a threat to the market during the forecast period.
The oil & gas segment is expected to be the largest during the forecast period
The oil & gas segment is estimated to have a lucrative growth as oil & gas extraction and processing activities involve some flammable gases, chemicals, and materials. The use of foams is largely concentrated in this industry because they are prone to fire outbreaks due to the nature of the industry.
The protein foam (PF) segment is expected to have the highest CAGR during the forecast period
The protein foam (PF) segment is anticipated to witness the fastest CAGR growth during the forecast period owing to the increasing use of protein foam in the areas such as oil & gas tank farms, onboard marine systems, storage facilities, and refineries propels segment growth.
Region with highest share:
Asia Pacific is projected to hold the largest market share during the forecast period as various countries in the APAC are undertaking downstream activities due to the rising demand for oil & gas in the region. Various national oil companies in the region are investing in the growth of the oil & gas industry.
Region with highest CAGR:
North America is projected to have the highest CAGR over the forecast period owing to increasing investments in various industries in the region, a growing number of fire accidents in factories and manufacturing plants.
Key players in the market
Some of the key players profiled in the Firefighting Foam Market include Vintex Fire Protection Pvt. Ltd., Buckeye Fire Equipment Company, Profoam International , Firechem, Oil technics, National Foam, KV Fire Chemical Pvt Ltd., Kerr Fire, Johnson Controls, J. F. Ahern Co., Integrated Fire Protection Pvt Ltd., NAFFCO, Fireade Inc., Eau & Feu, Foamtech Antifire, Dafo Fometec AB, Perimeter Solutions, BIOEX, Angus Fire, and Viking Group Inc.
In May 2021, NAFFCO signed an agreement with Bee Development Authority (BDA), to develop its first US manufacturing site at the Chase Field Industrial and Air Complex.
In April 2021, Johnson Controls launched Chemguard NFF 3×3 UL201 Foam Concentrate. This new, patent-pending, non-fluorinated foam (NFF) technology provides fast, effective fire suppression on most class B hydrocarbon and polar solvent fuel fires.
Material Types Covered:
End Users Covered:
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Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.