The modern-day document posted via Report Ocean, titled “Firefighting Foam Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023 to 2031,” affords a complete evaluation of the industry, which includes insights on the market trends. The file additionally consists of competitor and regional analysis, and present-day developments in the market. This document can serve as a fantastic information for investors, researchers, consultants, advertising strategists and all these who are planning to foray into the market in any form.
The global firefighting foam market size was valued at $856.3 million in 2019 and is anticipated to generate $1,141.5 million by 2027. The market is projected to experience growth at a CAGR of 3.6% from 2020 to 2027. Firefighting foam is fire extinguishing foam. It is a mixture of air, water, and foam concentrate, which when applied on fire surface forms a layer over the source of fire and cuts of the oxygen supply and curb any further possibilities of spreading. The foams used vary in amount of concentrations depending on the degree of fire. For example, 1%, 3%, and 6% concentrates are used in making foams for class A or class B fires.
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Increase in fire-related incidents in the oil & gas industry and rise in loss of property due to fire accidents has increased the demand for firefighting foam, which in turn drives the global firefighting foam market growth. Furthermore, increase in demand from end-use industries such as oil & gas, aviation, marine, and mining is expected to drive the firefighting foam market growth. However, stringent regulations for production of firefighting foam and absence of international regulatory body that can approve firefighting foam are anticipated to limit the growth of the global market. Advancement in technologies and fire-tackling methods 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 during the forecast period.
The global firefighting market is segmented into type, end-use industry, and region. Depending on type, the market is bifurcated 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. On the basis of end-use industry, it is categorized into oil & gas, aviation, marine, mining, and others. Region wise, the firefighting foam market analysis is done across North America, Europe, Asia-Pacific, and LAMEA (Latin America, Middle East and Africa).
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COVID-19 Impact
In 2019, the COVID-19 epidemic swept the globe. It brought everything to a halt. It had an impact on the entire world economy. Moreover, a great number of people have also perished. In total, 5,091,465 fatalities and 252,297,094 cases of COVID-19 have been reported worldwide. A majority of the nations on earth were affected by the pandemic. The pandemic brought some kind of loss in the majority of industries. The epidemic caused a slowdown in the chemical industry as well. According to Statista, the business generated over US$ 3.94 trillion in worldwide sales in 2019. An all-time high of US$5.4 trillion in revenue was produced by the sector in 2014.
The level of rivalry among well-known international corporations has been determined by studying a number of key industries, as well as market competition, market share, current developments in the sector, novel product launches, alliances, mergers, and acquisitions by key corporations.
KEY BENEFITS FOR STAKEHOLDERS
– The report provides extensive qualitative and quantitative analysis of the current trends and future estimations of the firefighting foam market from 2019 to 2027 to determine the prevailing opportunities.
– Comprehensive analysis of factors that drive and restrict firefighting foam market growth is provided.
– The firefighting foam market forecast and estimations are based on factors impacting the market growth, in terms of value.
– Profiles of leading players operating in the firefighting foam market are provided to understand the global competitive scenario.
– The report provides extensive qualitative insights on the significant segments and regions exhibiting favorable firefighting foam market share.
– The firefighting foam market size is provided in terms of revenue
– The report provides an in-depth analysis of the forecast along with the current and future firefighting foam market trends
– Key Players
o Dr. Sthamer
o National Foam
o Angus Fire Ltd.
o Kerr Fire
o Sffeco Global
o Dafo Fomtec Ab
o Solberg
o Auxquima
o Perimeter Solutions
o Eau&Feu
o DIC Corporation
o Johnson Controls International Plc
o Ansul
o Chemguard
o Williams Fire
o Sabo Foam
KEY MARKET SEGMENTS
By Type
– Aqueous Film Forming Foam (AFFF)
– Alcohol Resistant Aqueous Film Forming Foam (AR-AFFF)
– Protein foam
– Synthetic Detergent Foam (High and Mid Expansion Foam)
– Others
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By End-Use Industry
– Oil & gas
– Aviation
– Marine
– Mining
– Others
By Region
? North America
o U.S.
o Canada
o Mexico
? Europe
o Germany
o France
o UK
o Italy
o Spain
o Rest of Europe
? Asia-Pacific
o Japan
o China
o India
o Australia
o South Korea
o Rest of Asia-Pacific
? LAMEA
o Brazil
o South Africa
o Saudi Arabia
o Rest of LAMEA
Table of Content:
- Report Overview
- Global Growth Trends
- Competition Landscape by Key Players
- Data Segments
- North America Market Analysis
- Europe Market Analysis
- Asia-Pacific Market Analysis
- Latin America Market Analysis
- Middle East & Africa Market Analysis
- Key Players Profiles Market Analysis
- Analysts Viewpoints/Conclusions
- Appendix
In this report, the key questions answered:
- How has the adoption of Market impacted COVID-19?
- What are the key market tips in key areas?
- Which utilized sciences are most impacting the anticipated global enterprise?
- Who are the major global game enthusiasts in modern times dominating the Market?
- How do AI clients turn out to be conscious of technological knowledge in strolling theatres?
- What are the vital corporation fashions determined via way of the foremost market players?
- What are the key factors that will have an effect on the expand of Market globally?
- How foremost game enthusiasts in the Global corporation environment are incorporating key
- What is the present day income contribution of distinct product kinds in the market and what are the predicted changes?
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