Firefighting Foam Market Size to Reach US$ 1124.6 Million 2022-2027 | Industry CAGR of 4.7%

According to the latest report by IMARC Group "Firefighting Foam Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027", The global firefighting foam market size reached US$ 856.6 Million in 2021. Looking forward, IMARC Group expects the market to reach US$ 1124.6 Million by 2027, exhibiting a growth rate (CAGR) of 4.7% during 2022-2027. This report can serve as an excellent guide for investors, researchers, consultants, marketing strategists and all those who are planning to foray into the market in any form.

Firefighting foam is a mass of small air-filled bubbles, which possess a lower density compared to oil, gasoline, and water and are made with foam concentrate, water, and air. It functions in two phases consisting of the separation effect and cooling effect, wherein it suppresses the oxygen supply to the flammable material and then cools down the fire with water vapor supplied by the foam. It is stored in fixed atmospheric tanks, along with high-quality, efficient vacuums, and vents, to prevent any air exchange. It is utilized in warehouses and other areas where flammable liquids are stored and processed.

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Firefighting Foam Market Trends and Drivers:

At present, the increasing demand for firefighting foams in various commercial buildings, fuel storage tanks, and oil and gas facilities represent one of the primary factors influencing the market positively. Besides this, the rising incorporation of firefighting foams in areas with the risk of hydrocarbon fires, such as aircraft, airports, and helidecks, is propelling the growth of the market. In addition, the growing demand for electricity in the residential, commercial, and industrial sectors to operate various electronic devices and heavy machinery is offering a favorable market outlook. Moreover, key market players are manufacturing eco-friendly and sustainable firefighting products that are free from fluorine.

Report Segmentation:

The report has segmented the market into the following categories:

Breakup 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

Breakup by End Use Industry:

Oil and Gas
Aviation
Marine
Mining
Others

Market Breakup by Region:

North America (United States, Canada)
Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa

Competitive Landscape with Key Player:

Angus Fire Limited
Dafo Fomtec Ab
DIC Corporation
Eau&Feu
Fabrik chemischer Praparate von Dr.Richard Sthamer GmbH & Co. KG
Johnson Controls International Plc
Kerr Fire (Kidde plc)
KV Fire Chemicals Pvt. Ltd.
National Foam Inc.
Perimeter Solutions
SFFECO Global.

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