25 July 2019 - Global Fire
Fighting Foam Market is
anticipated to grow at a significant CAGR in the upcoming period as the scope,
product types, and its applications are increasing across the globe.
Firefighting foam is mainly used for suppression of fire. Firefighting foam, as
the name suggests, avoids the interaction of fuel with oxygen, thereby resulting
in suppression of the combustion.
The
factors that propel the growth of the Fire Fighting Foam Market include growing
shift toward environmentally safe products and growing fire-related
coincidences leading to loss of property and casualties. On the other hand,
there are factors that may hamper the growth of the market including absence of
a consistent governing body worldwide for the support of firefighting foam.
The
market may be explored by type, application, end users and geography. The
market may be explored by type as AR-AFFF, AFFF, Synthetic Detergent Foam, PF,
and Others. The “AFFF” segment led the Fire Fighting Foam Market owing to high
risk of fires from flammable liquids, and AFFF is chosen as it comprises such
fires efficiently and has an extended shelf life.
The
key applications that could be explored in the Fire Fighting Foam Market
include Ship & Shipyard, Petroleum & Petrochemical, Airport, Warehouse,
and Other. The market could be explored based on end users as Aviation, Oil
& Gas, Mining, Marine, and Others. The “Oil & Gas” segment led the Fire
Fighting Foam Market in 2018 and is anticipated to maintain its dominance over
the forecast period owing to higher risk of fire accidents in oil-based fires
as several activities in the upstream and downstream segment pose risks.
Asia-Pacific
accounted for the major share of the Fire Fighting Foam Market Size in 2017 and
will continue to lead in the forecast period. The factors that could be
attributed to the growth include increasing demand for energy and increasing
establishment of refineries and processing units.
Some
of the key players that fuel the growth of the market comprise Angus Fire,
Tyco, Kerr Fire, Dr. Sthamer, Delta Fire, Amerex, Dafo Fomtec, ICL, DIC,
Kidron, Naffco, Suolong, Fire Service Plus, Liuli, Langchao, Shield, Jiangya,
Hongtai, Yuheng, Shiren, Ongoing, Tianhe, Huate, Nenglin, Sanjiang. The leading
companies are taking up partnerships, mergers and acquisitions, and joint
ventures in order to boost the inorganic growth of the industry.
Market Segment:
Key Product Types
•
Protein foam
•
Synthetic foam
•
Class A
Key Applications
•
Petroleum & Petrochemical
•
Ship & Shipyard
•
Warehouse
•
Airport
•
Other
Key Regions
•
North America
•
Europe
•
Asia Pacific
•
China
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