Global Firefighting Foam Market to Reach US$ 1,167 Million by 2028, Propelled by Significant Growth in Oil and Gas Industry

According to the latest report by IMARC Group, titled “Firefighting Foam Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028," the global firefighting foam market size reached US$ 901 Million in 2022. Firefighting foam is a stable mass of bubbles used for saturating combustible materials and suppressing fire. Alcohol-resistant, fluoroprotein, protein, and film-forming fluoroprotein (FFFP) are some commonly available firefighting foams. It is manufactured using surfactants, organic solvents, stabilizers, corrosion inhibitors, and salts. Firefighting foam is widely used to extinguish flammable liquids, control wildfires, prevent fuel contact with oxygen, and avoid reflash or reignition. As compared to other extinguishing agents, firefighting foam separates the ignition source from the product, suppresses flammable vapors and smotherings, and provides extended cooling to the fuel and adjacent surfaces.

Firefighting Foam Market Trends:

The significant growth in the oil and gas industry is one of the primary factors driving the market growth. Firefighting foams are widely used in various oil and gas facilities, such as well sites, underground storages, tank farms, pipelines, natural gas (NG) transmission compressor stations, refineries, and pump stations, to extinguish flammable hydrocarbon fires by forming an aqueous film on the fuel surface, which smothers the fire and limit the contact with the ignition source. In addition to this, rising oil and gas exploration activities due to increasing energy consumption are acting as another growth-inducing factor. Furthermore, the widespread product utilization in the marine industry to prevent fire damage to ships, boats, and other marine vessels, due to its excellent compatibility with sea and brackish water, high burn back resistance, and faster rate of fire suppression, is providing an impetus to the market growth. Additionally, the introduction of eco-friendly firefighting foams that are biodegradable, free from fluorinated chemicals, and minimize adverse impacts on human health is positively influencing the market growth. Moreover, increasing product utilization in the aviation sector, as it flows rapidly over the spilled fuel and adheres to the vertical surfaces of aircraft parts, such as the fuselage and the body, is favoring the market growth. Other factors, including rising fire-related incidents, increasing investments in research and development (R&D) activities to introduce novel products, and shifting inclination toward environmentally safe products, are anticipated to drive the market growth. On account of the aforementioned factors, the market value is expected to reach US$ 1,167 Million by 2028, exhibiting a CAGR of 4.5% during 2023-2028.

Market Summary:

• On the basis of the type, the market has been divided into aqueous film forming foam (AFFF), alcohol resistant aqueous film forming foam (AR-AFFF), protein foam, synthetic detergent foam (high and mid expansion foam), and others.
• Based on the end use industry, the market has been classified into oil and gas, aviation, marine, mining, and others.
• On a regional basis, the market has been categorized into North America (the United States and Canada), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and Others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and Others), Latin America (Brazil, Mexico, and Others), and Middle East and Africa.?
• The competitive landscape of the industry has also been examined, with some of the key players being Angus Fire Limited, Dafo Fomtec Ab, DIC Corporation, Eau&Feu, Fabrik chemischer Präparate 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 and SFFECO Global.

Report Scope:

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