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| Global Firefighting Foam Market Size |
Firefighting foam is used to fight liquid fuel fires and prevent reflash in
aviation. It consists of aqueous film-forming foam, which is used to extinguish
flammable liquid fires by coating the fuel with a thin, aqueous film that
prevents re-ignition.
The global
Firefighting Foam market is estimated to be valued at US$ 7.31 Bn in 2023 and is expected to exhibit a CAGR of 6.1% over the forecast period 2023
to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
Growth in sustainable fires protection alternatives is accelerating the
firefighting foam market. Firefighting foam containing PFAS (per- and
polyfluoroalkyl substances) poses long-term risks to the environment and human
health. However, new fluorine-free firefighting foams provides non-toxic and
eco-friendly solutions. For example, Ansul offers new line of fluorine-free
firefighting foams called OneShot and Multi-Purpose Ansul Fluorine-Free Foam
Concentrates. Such sustainable alternatives prevent water contamination and are
equally effective in extinguishing liquid fuel fires. They also help meet
stringent regulations imposed on PFAS containing firefighting foams. This trend
towards non-toxic and sustainable options is expected to boost demand for
fluorine-free firefighting foams over the forecast period.
Segment Analysis
The global firefighting foam market is segmented by type into aqueous film
forming foam, alcohol resistant aqueous film forming foam, protein foam,
synthetic detergent foam, and others. The aqueous film forming foam segment
dominates the market and accounts for approximately 35% of the market share in
2022. This is because aqueous film forming foam forms a blanket that seal off
oxygen and helps in extinguishing class B hydrocarbon fuel fires quickly.
Key Takeaways
Global
Firefighting Foam Market Size is
expected to witness high growth over the forecast period of 2023 to 2030. The
global Firefighting Foam market is estimated to be valued at US$ 7.31 Bn in 2023 and is expected to
exhibit a CAGR of 6.1% over the
forecast period 2023 to 2030.
Regional analysis: North America dominates the firefighting foam market with a
share of over 30% of the global market in 2023. Stringent government
regulations regarding fire safety in commercial, industrial and oil & gas
facilities drives the demand for firefighting foams in the region. Asia Pacific
is expected to be the fastest growing market during the forecast period owing
to rapid industrialization and infrastructure development in major economies
like China and India.
Key players: Key players operating in the firefighting foam market are Tyco
Fire Protection Products, Chemguard, Angus International, Amerex Corporation,
Oil Technics (Fire Fighting Products), Dr. Sthamer, Profoam, Dafo Fomtec, Akron
Brass, Johnson Controls. Angus International leads the market with its wide
product portfolio and global presence across major markets. Tyco Fire
Protection Products is another major player with wide distribution network and
technologically advanced firefighting foam products.
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