Dublin, April 22, 2022 (GLOBE NEWSWIRE) -- The "Global Firefighting Foam Market by Type (AFFF, AR-AFFF, PF, Synthetic Detergent Foam), End-Use Industry (Oil & Gas, Aviation, Marine, Mining), Expansion, Material Type (Surfactant, Fluorosurfactant, Perfluorooctanoic Acid (PFOA)) & Region - Forecast to 2026" report has been added to ResearchAndMarkets.com's offering.
The market size of firefighting foams is estimated to grow from USD 756 million in 2021 to USD 913 million by 2026, at a CAGR of 3.8% during the forecast period. The firefighting foam market is on course for intense growth across different end use industries such as oil & gas, marine, aviation, mining, and other industries.
Marine segment is projected to grow at a faster rate during the forecast period
By end-use, marine segment is expected to grow at a highest CAGR during 2021 to 2026. In the marine industry, firefighting foams are used as a fire protection measure for various applications such as marine vessels and offshore drilling rigs.
Synthetic Detergent Foam segment is projected to grow at a faster rate during the forecast period
By type, synthetic detergent foam segment is expected to grow at a highest CAGR during 2021 to 2026. Synthetic detergent foam is made from a combination of hydrocarbon surfactants and solvents. This foam is ideally used for applications involving areas such as a basement, mine shaft, or a ship's hold where volume fire control is required.
Middle East & Africa is projected to grow at a faster rate during the forecast period
The Middle East & Africa region is expected to grow at a highest CAGR during 2021 to 2026. The firefighting foam market in the Middle East is majorly driven by its use in the oil & gas industry. AFFF is the largest segment of the firefighting foam market in the Middle East & Africa. AFFF is most suitable for the oil & gas industry. Since the demand for oil and gas is high in this region, this has subsequently improved the demand for AFFF in the region.
Competitive Landscape
Some of the key players operating in the firefighting foam market are Johnson Controls (US), Perimeter Solutions (US), Dr. Sthamer (Germany), National Foam (US), Angus Fire (UK), Kerr Fire (UK), Eau&Feu (France), and SFFECO Global (UAE).
Premium Insights
- Firefighting Foam Market Projected to Witness Moderate Growth During Forecast Period
- Asia-Pacific to Account for Largest Share of Firefighting Foam During Forecast Period
- Synthetic Detergent Foam to be Fastest-Growing Segment
- Oil & Gas Accounted for Largest Share of Overall Market
Market Dynamics
Drivers
- Increased Fire-Related Accidents Leading to Casualties and Loss of Property
Restraints
- Absence of a Standardized Regulatory Body Globally for Approval of Firefighting Foam
Opportunities
- Upcoming Technologies to Mitigate Current Issues Related to Firefighting Foam
- Development of Fluorine-Free Foams
Challenges
- Existing Lawsuits and Litigations Against Major Manufacturers
- Stringent Regulations for Production of Firefighting Foams
Porter's Five Forces Analysis
Ecosystem/Market Map
Value Chain
Case Study Analysis
- Per- and Polyfluoroalkyl Substances Foam Contamination and the Transition to Fluorine-Free Foams
Technology Analysis
- Regulatory Landscape
- Price Analysis
Patent Analysis
- Insight
- Legal Status of Patents
- Top Jurisdiction, by Document
- Top 10 Companies/Applicants with Highest Number of Patents
- List of Patents by Tyco Fire Products, Lp
- List of Patents by Jiangsu Suolong Fire Science and Technology Co., Ltd
- List of Patents by Dupont
- Top 10 Patent Owners (Us) in Last 10 Years
Impact of COVID-19 on Firefighting Foam Market
- Oil & Gas
- Aviation
- Marine
- Mining
Key Conferences & Events in 2022-2023
Companies Mentioned
- 3F
- Angus Fire
- Bioex
- Buckeye Fire Equipment
- Coffco
- Dafo Fomtec Ab
- Dr. Sthamer
- Eau&Feu
- Fireade Inc.
- Firechem
- Foamtech
- Integrated Fire Protection Private Limited
- J. F. Ahern Co.
- Johnson Controls
- Kerr Fire
- Kv Fire Chemicals Pvt. Ltd.
- Naffco
- National Foam
- Oil Technics (Fire Fighting Foam Products) Limited
- Orchidee
- Perimeter Solutions
- Profoam International
- Sffeco Global
- Viking Group Inc.
- Vintex Fire Protection Pvt. Ltd.
For more information about this report visit https://www.researchandmarkets.com/r/1hlfyo
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