The Infinium Global Research analyzes the Firefighting Foam Market over the period of 2019 to 2025. This report also provides detailed qualitative and quantitative analyses of the market dynamics, market size and future trends in global firefighting foam market. It will help a lot of decision makers to develop strategies and find new opportunities in the global markets of firefighting foam. The report covers market changing aspects including drivers, restraints, opportunities, and trends expected to encouragement the expansion of the firefighting foam market during the period. The report provides in-depth information about the firefighting foam market which is expected to grow at a CAGR of 3.9% over the forecast period of 2019-2025.
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Firefighting foam is used for fire suppression and avoids the contact of oxygen with fire. Firefighting foam has the ability to extinguish fire, suppressing vapors, and prevent smothering that stimulates the growth of firefighting foam. The rising development of fluorine-free foam as firefighting foam stimulates numerous opportunities in the firefighting foam market. Infinium Global Research has recently published a report on the firefighting foam market.
Rising Awareness about Environmentally Safe Products Drives the Growth of the Firefighting Foam Market
The rising awareness about environmentally safe products drives the growth of the firefighting foam market. The declining usage of water as a fire extinguisher contributes to the growth of firefighting foam. The increasing expenditure on fire-related incidents at industrial sites stimulates the growth of the firefighting foam market. Expansion of airports and growing construction boosts the firefighting foam market growth. The rising incidences of fire breakouts and advanced technologies to deal with issues regarding firefighting foam propel the growth of the firefighting foam market.
Furthermore, the growing demand from end-use industries such as oil & gas, aviation, mining, and marine boosts the growth of the firefighting foam market. On the other hand, strict regulations regarding the production of firefighting foam hinder the growth of the firefighting foam market. Moreover, technological development combats the issue related to firefighting foams creating novel opportunities for the growth of the firefighting foam market.
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Firefighting Foam Market: Segmentation
The global firefighting foam market is segmented on the basis of type and end-use industry. Based on type, the firefighting foam market is divided into aqueous-film-forming foam, protein foam, alcohol-resistant foam, synthetic detergent foam, and other types. Aqueous-film-forming foam is the fastest-growing sub-segment of type segment in the firefighting foam market owing to its rising use in the oil & gas industry. The end-use industry segment includes marine, oil and gas, aviation, mining, and other end-use industries.
Asia-Pacific Region is Expected to Have a Dominant Share in the Global Firefighting Foam Market
Geographically, the global firefighting foam market is divided into North America, Asia-Pacific, Europe, and the Rest of the World. Asia-Pacific region is expected to have a dominant share in the global firefighting foam market. The growing use of firefighting foam in the oil and gas industry and rising aviation, marine, and mining industries in the Asia-Pacific region promotes the growth of the firefighting foam market in Asia-Pacific. North America is anticipated to grow in the global firefighting foam market with a healthy CAGR over the forecast period. Europe is growing in the global firefighting foam market.
Firefighting Foam Market: Competitive Landscape
The key players in the global firefighting foam market are Angus Fire Ltd., Kerr Fire, DIC Corporation, Solberg Scandinavian AS, Johnson Controls International PLC, Dr. Sthamer, SFFECO GLOBAL FZE, Profoam Corporation, FireChem, K.V. Fire Chemicals Pvt. Ltd., and other companies. Companies are adopting strategies such as mergers, acquisitions, and new product launches that maximize their market share in the global firefighting foam market.
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