Fire Fighting Chemicals Market Size to Reach US$ 3.2 Billion by 2028, at a Growth Rate of (CAGR) 3.7% | IMARC Group

IMARC Group, a leading market research company, has released a report titled "Fire Fighting Chemicals Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028". According to the report, The global fire fighting chemicals market size reached US$ 2.6 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 3.2 Billion by 2028, exhibiting a growth rate (CAGR) of 3.7% during 2023-2028. 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.

Fire fighting chemicals (FFCs) are compounds employed to extinguish fires by suppressing them. They are stored in containers pressurized with active propelling agents and combined with several stabilizers, additives, and preservatives to minimize the temperature of the fire, coat the fuel, and prevent combustion. Some commonly deployed chemicals include protein foam (PF), aqueous film-forming foam (AFFF), alcohol-resistant AFFF, dry powder, and synthetic detergent foam concentrate. These chemicals are produced using industrial solvents such as carbon dioxide, halon, monoammonium phosphate, potassium citrate, sodium chloride, and potassium bicarbonate. As a result, fire fighting chemicals are widely utilized in fire fighting equipment, including fire dampers, fixed and portable fire extinguishers, automatic sprinkler bulkheads, inert gas systems, and fire-retardant bulkheads across the globe.

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Fire Fighting Chemicals Market Trends and Drivers:

The market is primarily driven by the growing occurrences of fire-related accidents resulting in loss of property and casualties. In addition, the widespread adoption of portable and hand-held fire extinguishers in aircraft, hospitals, schools, theatres, construction sites, and residential complexes is contributing to the market growth. Moreover, the introduction of fluorine-free foams using natural surfactant blends free from bio-accumulative and persistent organic pollutants represents another major growth-inducing factor. Besides this, governments of several nations are implementing stringent safety regulations due to the increasing safety concerns, which is providing a positive thrust to the market growth. Furthermore, the escalating demand for fire-fighting chemicals in the mining and oil and gas industries to prevent critical fire accidents in offshore and onshore facilities, pipelines, and process plants is also propelling the market growth.

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Report Segmentation:

The report has segmented the market into the following categories:

Breakup by Type:

Dry Chemicals
Wet Chemicals
Dry Powder
Foam Based

Breakup by Chemicals:

Monoammonium Phosphate
Halon
Carbon Dioxide
Potassium Bicarbonate
Potassium Citrate
Sodium Chloride
Others

Breakup by Application:

Portable Fire Extinguishers
Automatic Fire Sprinklers
Fire Retardant Bulkhead
Fire Dampers
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
DIC Corporation
Fire Safety Devices Pvt. Ltd.
Foamtech Antifire Company
Johnson Controls International plc
Linde plc
Orchidee Europe
Perimeter Solutions
Safequip Pty Ltd
Solvay S.A.

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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