Press release
Firefighting Foam Market Extensive Demand, Growth and New Developments in Upcoming years by 2031
Allied Market Research recently dropped knowledge on the firefighting foam scene, revealing that the global market was valued at a cool $856.3 million in 2019. Brace yourself for impact, as it's forecasted to skyrocket to $1.14 billion by 2027, riding a 3.6% CAGR wave.๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐๐ ๐๐ซ๐จ๐๐ก๐ฎ๐ซ๐: https://www.alliedmarketresearch.com/request-sample/5104
Why the blaze? Well, the surge in demand from various industries, coupled with government fire safety regulations, has been fueling this inferno of growth. There's a small hiccup though-flame-retardant foams are facing bans. But fear not, innovation is here to douse those concerns, promising lucrative opportunities.
The Aqueous Film Forming Foam (AFFF) is the undisputed champion, claiming one-third of the market share in 2020 and set to maintain its reign with a 3.9% CAGR. It's the go-to for both Class A and Class B fire situations, making it the hero of the firefighting foam saga.
In the end-user arena, oil & gas takes center stage, notching up a 3.9% CAGR. No surprises here, given the flammable nature of the industry. Stricter rules and regulations are also fanning the flames of demand in this segment.
Asia Pacific is the current heavyweight champion, commanding a third of the market in 2020 and predicted to flaunt a 3.9% CAGR. Meanwhile, North America is gearing up for a gradual growth spurt with a 3.2% CAGR. It's a fiery global affair, with Europe and LAMEA also getting a piece of the action.
Now, let's talk players. Dr. Sthamer, National Foam, Angus Fire Ltd., Kerr Fire, Sffeco Global, DafoFomtec Ab, Solberg, Auxquima, Perimeter Solutions, Eau&Feu, DIC Corporation, Johnson Controls International Plc, Ansul, Chemguard, Williams Fire, and Sabo Foam are the big names steering this firefighting foam ship.
๐๐๐ญ๐๐ข๐ง ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐๐ญ๐๐ข๐ฅ๐ฌ: https://www.alliedmarketresearch.com/firefighting-foam-market
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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