The firefighting foam market share is expected to increase by USD 170.00 million from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 4%.
The market research report provides valuable insights into the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by product (aqueous film-forming foam, alcohol resistant aqueous film-forming foam, protein foam, synthetic detergent foam, and other foams) and geography (APAC, Europe, North America, MEA, and South America).
The firefighting foam market report also offers information on several market vendors, including Angus International Safety Group, Buckeye Fire Equipment Co., Dafo Fomtec AB, DIC Corp., Dr. Richard Sthamer GmbH & Co. KG, FireAde Inc., Johnson Controls International Plc, KV Fire Chemicals Pvt. Ltd., Perimeter Solutions LP, and SFFECO Global among others.
Angus International Safety Group - The company offers a wide range of firefighting foam products including FF - Fluorine Free Foam, AFFF - Aqueous Film Forming Foam, AR AFFF - Alcohol Resistant Aqueous Film, FFFP - Film Forming Fluoroprotein, AR FFFP - Alcohol Resistant Film Forming, High Expansion Foam, Training Foam, and Foam Testing Service. Under the unified segment, the company offers a wide range of products including Fuel-Chemical Hoses, High-Pressure Fire Suppression, Fire Hose, Water Abstraction, Foam Concentrates, Agricultural hoses, Fire Trucks, Monitors, High Volume Pumping, Dry Powder, Tank Protection, and Building Protection Solutions.
What will the Firefighting Foam Market Size be During the Forecast Period?
Get the Firefighting Foam Market Size Forecast by Downloading the Report Sample
Parent Market Analysis
Technavio categorizes the global firefighting foam market as a part of the global speciality chemicals market. Our research report extensively covers external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the market during the forecast period.
Firefighting Foam Market: Key Drivers, Trends, and Challenges
Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Key Firefighting Foam Market Driver
- One of the key factors driving growth in the firefighting foam market is the rise in construction and expansion of airports.
- Several countries, especially in APAC and MEA, are investing in the development of new airports to avoid congestion in the existing airports due to the rising passenger traffic, which has increased the demand for additional aircraft. This necessitates the procurement of fire safety products to manage the growing aircraft fleets and passenger handling systems, including fire safety systems.
- The market conditions in the global aviation industry are expected to get a push from the establishment of new airports that will need fire safety products such as firefighting foam. The increasing number of airports, advances in technology, and the growing demand for passenger handling services are the major drivers propelling the global firefighting foam market.
Key Firefighting Foam Market Challenge
- The growing socioeconomic concerns will be a major challenge for the firefighting foam market during the forecast period.
- The socioeconomic costs of firefighting foam, which contains fluorine, have been growing exponentially. The realization of the extent of large-scale contamination impacting a wide range of communities, commercial and reputational values of the governments, and commercial interests, has witnessed adverse impacts.
- The impact includes environmental degradation, clean-up costs, a ban on sales of livestock and agricultural produce, reduced property values, disruption of production, land use limitations, loss of confidence in local and national governments, and public perception of risks.
This firefighting foam market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.
Firefighting Foam Market Value Chain Analysis
Our In-house experts produce extensive information on the value chain and parent market of the market, which vendors can leverage to gain a competitive advantage during the forecast period. The Value Chain information provides an end-to-end understanding of product insight and profit and also optimization and evaluation of business strategies. The players across the value chain include selective data and analysis from entire research findings as per the scope of the report.
Which are the Key Regions for Firefighting Foam Market?
Get a glance at the market share of various regions by Requesting a PDF Sample now!
41% of the market’s growth will originate from APAC during the forecast period. China and Japan are the key markets for firefighting foam in APAC. Market growth in this region will be faster than the growth of the market in other regions.
APAC is one of the key regions in the global firefighting foam market. The firefighting foam market in APAC is estimated to grow steadily during the forecast period. The growth of the market in the region will be driven by the growth of industries, such as aviation as well as oil and gas. Air passenger traffic is growing in the region. Hence, airports are expanding, and the need for modern technologies that can assist ground handling operations is increasing. This will facilitate the firefighting foam market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
What is the Fastest-Growing Product Segment in the Firefighting Foam Market?
To gain insights on the market contribution of various segments Request a PDF Sample
The firefighting foam market share growth by the aqueous film-forming foam segment will be significant during the forecast period. AFFF foams aid in extinguishing hydrocarbon flammable liquid fires the same way as protein foams. However, an aqueous film is formed on the surface of the flammable liquid by the foam solution as it drains from the foam blanket. The foam generated acts as a barrier to stop air or oxygen, and by draining a chemically impregnated fluid from the foam, it delivers a film on the fuel surface that is capable of containing fuel vapour. AFFF foams do not have the density and visual appearance of foams produced from protein concentrates.
This report provides an accurate prediction of the contribution of all the segments to the growth of the market size and actionable market insights on the post-COVID-19 impact on each segment.
|
Firefighting Foam Market Scope |
|
|
Report Coverage |
Details |
|
Page number |
120 |
|
Base year |
2020 |
|
Forecast period |
2021-2025 |
|
Growth momentum & CAGR |
Accelerate at a CAGR of 4% |
|
Market growth 2021-2025 |
$ 170.00 million |
|
Market structure |
Fragmented |
|
YoY growth (%) |
2.38 |
|
Regional analysis |
APAC, Europe, North America, MEA, and South America |
|
Performing market contribution |
APAC at 41% |
|
Key countries |
US, China, UK, Germany, France, and Japan |
|
Competitive landscape |
Leading companies, Competitive Strategies, Consumer engagement scope |
|
Key companies profiled |
Angus International Safety Group, Buckeye Fire Equipment Co., Dafo Fomtec AB, DIC Corp., Dr. Richard Sthamer GmbH & Co. KG, FireAde Inc., Johnson Controls International Plc, KV Fire Chemicals Pvt. Ltd., Perimeter Solutions LP, and SFFECO Global |
|
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period |
|
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
What are the Key Data Covered in this Firefighting Foam Market Report?
- CAGR of the market during the forecast period
- Detailed information on factors that will drive firefighting foam market growth during the next five years
- Precise estimation of the firefighting foam market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behaviour
- The growth of the firefighting foam market industry across APAC, Europe, North America, MEA, and South America
- A thorough analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive analysis of factors that will challenge the growth of market vendors
We can help! Our analysts can customize this report to meet your requirements. Get in touch