Firefighting Foam Market 2021 Share By Top Manufacturers, and Production Forecast till 2025: SFFECO Global, pgisystems, SaudiFal Company Ltd, Loshareh Chemical Industries, Naffco

Firefighting Foam Market Report provides detailed analysis of Growth Factors of the market as well as it gives an analysis of the Market size, Latest trends, SWOT Analysis by Regions and Forecasted market research data until 2025. The Firefighting Foam market report has studied key opportunities in the market and influencing factors which are useful to the business. The report also maps the qualitative and quantitative impact of various market factors like macro-economic indicators, PPP, Epidemiological data, Insurance scenario and patent and IP information, Government Policies and business regulations along market attractiveness as per segments.

The market for firefighting foam is expected to grow at a CAGR of more than 4% during the forecast period.

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The report presents the market competitive landscape and a corresponding detailed analysis of the major vendor/key players in the market. Top Companies in the Global Firefighting Foam Market: SFFECO Global, pgisystems, SaudiFal Company Ltd, Loshareh Chemical Industries, Naffco and others.

Industry News and Developments:

PFAS in Firefighting Foam Has Contaminated Water Resources on Military Bases and in Surrounding Communities

October 16, 2020 — Perfluorooctane sulfonate (PFOS) and perfluorooctanoic acid (PFOA) are found in firefighting foam used by the military since the 1970’s for training exercises and to extinguish liquid and gas fires. These compounds are part of a larger class of toxic chlorinated chemicals called per- and polyfluoroalkyl substances (PFAS). Similarly, airports and municipal fire departments have used the aqueous film forming foam (AFFF) for decades to extinguish fires caused by flammable liquids.

Firefighting foams are divided mainly into two classes. Class A foams are used to fight wildfires and structural fires. Class B foams are used to extinguish fires caused by flammable liquids. While not all Class B fire extinguishing agents contain PFAS, all AFFF does, and AFFF has special characteristics that make it difficult to find adequate replacements. When mixed with water, AFFF produces an aqueous spreading film that extinguishes burning hydrocarbon fuel and prevents reignition by cutting off oxygen from the fuel source

DOD Funds Firefighting Foam Research for a PFAS-Free Alternative

Nov. 15, 2019 -- Aqueous film-forming foams, or AFFF, rapidly extinguish fuel fires, but they contain PFAS, which stands for per- and polyfluoroalkyl substances. The Environmental Protection Agency issued a lifetime drinking water health advisory for two substances in the PFAS family as emerging contaminants: Perfluorooctane Sulfonate, or PFOS, and Perfluorooctanoic Acid, or PFOA.

Because the military has used firefighting foams containing PFOS/PFOA, the Defense Department is working to develop new foams that don't contain PFAS, are not hazardous to health and are just as effective as AFFF in extinguishing fuel fires, said Herb Nelson, director of the Strategic Environmental Research and Development Program and the Environmental Security Technology Certification Program for the DOD.

Key Market Trends

- Oil & Gas segment dominated the market and is expected to grow during the forecast period owing to less maintenance cost.
- Addressing environmental restrictions by finding new foam types is likely to act as an opportunity in the future.
- Middle-East & Africa region dominated the market across the globe with the largest consumption from the countries such as Saudi Arabia, United Arab Emirates, Iran, Iraq, Kuwait.

Increasing Demand from Oil & Gas Industry

- Firefighting foams are used for fire suppression. Its role is to cool the fire by forming a layer above, preventing its contact with oxygen and hence, resulting in suppression of the combustion. Owing to the better ability of foam type extinguisher when compared to that of powder type extinguisher in reducing the fire intensity, the application of firefighting foam is rapidly increasing in oil & gas sector over the recent years.
- Some of the major oil extracting countries are United States, Saudi-Arabia, Russia, Canada, Iraq and Iran accounting for about 57% of the total world’s oil extraction.
- Depending upon the class of fire and type of fuel or solvent set on fire, different types of foaming agents are used. The type of foaming agents differs and are customized based on the type of industry.
- Oil and gas industry’s suitable type of foaming agent is aqueous film forming foam and it is the fastest considered type of firefighting foam.
- Owing to all the above-mentioned factors, the market for firefighting-foams is expected to grow rapidly over the forecast period.

Middle East & Africa Region to Dominate the Market

- Middle East & Africa region dominated the global market share. With growing oil & gas industry in countries such as Saudi-Arabia, Iran and Iraq the utilization of firefighting-foam is increasing in the region.
- Some of the largest producers of firefighting-foam in Middle East & Africa are SFFECO Global, pgisystems, Albilad Fighting Systems Ltd, Loshareh Chemical Industries, Naffco.
- Saudi-Arabia leads the production of oil in the Middle East & Africa region accounting for about 13% of the worlds market share. In 2018 Saudi Arabia contributed 12.29 million b/d to that of 11.89 million b/d in 2017, creating a major share for this market.
- In February 2020, UAE government has announced discovery of new natural gas reserves between Abu Dhabi and Dubai. The newly discovered gas reserves possess about 80 trillion cubic feet of natural gas and this discovery will certainly help the nation achieve its self-sufficiency in gas production.
- Contribution of all the major countries in Middle East & Africa region like Saudi-Arabia, Iraq, Iran and Kuwait accounts for about 26% of worlds share in oil production which is expected grow over the coming years creating the largest market for this sector.
- The aforementioned factors, coupled with government support, are contributing to the increasing demand for firefighting foam in all the above mentioned sectors during the forecast period.

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Regional Analysis For Firefighting Foam Market:

For comprehensive understanding of market dynamics, the global Firefighting Foam market is analyzed across key geographies namely:

North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

Each of these regions is analyzed on basis of market findings across major countries in these regions for a macro-level understanding of the market.

Firefighting Foam Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger and acquisitions along with trending innovation and business policies are reviewed in the report. The report contains basic, secondary and advanced information pertaining to the Market global status and trend, market size, share, growth, trends analysis, segment and forecasts from 2021–2027.                 

Key Points of Firefighting Foam Market Table of Contents:

-Market Overview: The report begins with this section where a product overview and key content on the product and application segments of the global Halal Foods market are provided. The highlights of the segmentation study include price, revenue, sales, sales growth rate, and market share by product.

-Competition by company: Here we analyze the competition of the global Firefighting Foam market, by company price, revenue, sales and market share, market share, competitive landscape, and latest trends, mergers, expansions, acquisitions, and market share of top companies.

-Company Profile and Sales Data: As the name suggests, this section provides sales data and useful information about the business of key players in the global Firefighting Foam market. It describes the key businesses of gross margin, price, revenue, products and specifications, types, applications, competitors, manufacturing base, and key players operating in the global Firefighting Foam market.

-Market Forecast: Here the report provides a full forecast for the global Firefighting Foam market by product, application, and region. It also provides global sales and revenue forecasts for all years in the forecast period.

-Research Results and Conclusion: One of the last sections of the report where analyst findings and findings are provided.

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Due to the onset of COVID-19 pandemic, several economies across the world have experienced harsh economic downturn. The industrialists across North America, Europe, Asia Pacific, Latin America and Middle East and Africa were facing problems due to changing preferences of the customers and demand fluctuation. The market research report covers pre-Covid-19 data for the Firefighting Foam market in years 2018 and 2020. Further, the report also covers forecast Covid-19 data from 2021 to 2027, which provides future outlook of the market for the manufacturers and suppliers.

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