Firefighting foam is a foam used for fire suppression. Its role is to cool the fire and coat the fuel, preventing its contact with oxygen which results in suppression of fire.
Increase in fire-related incidents in oil and gas industry and rise in loss of property due to fire accidents has increased the demand of firefighting foam, which in turn drive the growth of the global firefighting foam market. Furthermore, increase in demand from end-use industries such as oil & gas, aviation, marine, and mining is expected to drive the growth of the global market.
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Stringent regulations for production of firefighting foam and absence of international regulatory body that can approve firefighting foam are anticipated to be the major restrain in the growth of the global market. Growing incidences of fire breakouts and advance technologies to tackle the issues related to firefighting foam are expected to provide lucrative opportunities for the growth of the global firefighting foam market. In addition, development of fluorine-free foam as firefighting foam is anticipated to provide new opportunities for the growth of the global market in the forecast period.
The global firefighting foam market is segmented based on type, application, and region. On the basis of type, the market is categorized into AFFF, AR-AFFF, PF, synthetic detergent foam, and others. On the basis of application, the market is segmented into oil & gas, aviation, marine, mining, and others. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
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The key players operating in the market include The Solberg Company, Johnson Controls International plc., National Foam, Dr. Sthamer, Kerr Fire, Angus Fire Limited, DIC Corporation, Eau&Feu, Shandong Huate Magnet Technology Co., Ltd., SFFECO Global, and KV Fire Chemicals Pvt. Ltd. The other players in the value chain analysis (and not included in the report) include Fire Safety Devices Pvt. Ltd. (FireChem), Dafo Fomtec AB, Auxquimia, Orchidee Europe BVBA, and Fire-Ade Inc.
Key Benefits for Firefighting Foam Market:
- Porters five forces analysis helps analyze the potential of buyers and suppliers and the competitive scenario of the industry for strategy building.
- The report outlines the current trends and future scenario of the firefighting foam market from 2017 to 2025 to understand the prevailing opportunities and potential investment pockets.
- An in-depth analysis of the current R&D within the market is provided along with the key dynamic factors.
- The key drivers, restrains, and opportunities and their detailed impact analysis are elucidated in the study.
- The profiles of the key players along with their key strategic developments are enlisted in the report.
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