Firefighting Foam Market Trends Opportunities for Investment in Key Sectors

Allied Market Research recently published a comprehensive report titled "Firefighting Foam Market by Type (Aqueous Film Forming Foam (AFFF), Alcohol Resistant Aqueous Film Forming Foam (AR-AFFF), Protein Foam, Synthetic Detergent Foam, and Others), and End-Use Industry (Oil & Gas, Aviation, Marine, Mining, and Others): Global Opportunity Analysis and Industry Forecast, 2020-2027". According to the report, the global firefighting foam market was valued at $856.3 million in 2019 and is projected to reach $1.14 billion by 2027, growing at a CAGR of 3.6% from 2020 to 2027.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐚𝐠𝐞𝐬 𝐨𝐟 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰: https://www.alliedmarketresearch.com/request-sample/5104

Market Drivers and Challenges

- Drivers: The increasing demand from end-use industries and stringent government regulations on fire safety are key factors driving the market's growth.
- Challenges: The ban on fluorinated firefighting foams is a significant challenge.
- Opportunities: Innovations in fire extinguisher products present lucrative growth opportunities.

Market Segmentation

By Type

Aqueous Film Forming Foam (AFFF): Held the largest market share in 2020, accounting for around one-third of the market. It is expected to continue dominating and register the fastest CAGR of 3.9% by 2027 due to its versatility in extinguishing both Class A and Class B fires.

Other Types: Include alcohol-resistant AFFF (AR-AFFF), protein foam, and synthetic detergent foam.
Request a sample report at: Request Sample Report

By End-Use Industry

- Oil & Gas: Projected to have the highest CAGR of 3.9% during the forecast period. It also held the largest share in 2020, driven by the sector's high susceptibility to fires and the stringent fire safety regulations.
- Other Industries: Include aviation, marine, and mining.

Regional Insights

- Asia Pacific: Held the largest market share in 2020, about one-third of the total. The region is expected to grow the fastest with a CAGR of 3.9% due to the demand from countries like China, India, Australia, and South Korea.
- North America: Expected to register a steady growth with a CAGR of 3.2% during the forecast period. Other regions studied include LAMEA and Europe.

Major Market 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
- Sabo Foam

𝐎𝐛𝐭𝐚𝐢𝐧 𝐑𝐞𝐩𝐨𝐫𝐭 𝐃𝐞𝐭𝐚𝐢𝐥𝐬: 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.

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