Firefighting Foam Market – Global Industry Analysis, Size, Share, Growth & Forecast (2022-2028)

Report Description

Global Firefighting Foam Market is expected to grow at a significant rate of around 4% during the forecast period. A Firefighting Foam is known as a stable mass of small, low-density, air-filled vesicles. It forms a permanent foam blanket that spreads over fuel and adheres to a variety of surfaces to prevent contact between fire and oxygen. In addition, unlike other extinguishing media such as dry chemicals, water, or carbon dioxide (CO2), fire extinguishing foam cools and separates flames from product surfaces, and suppresses and suffocates vapors, thereby reducing flammability and combustibility to extinguish the liquid. Hence, it is widely preferred in areas where flammable liquids are transported, processed, stored, and used as energy sources.

Johnson Controls International, Dr. Sthamer, SFFECO Global, DIC Corporation, Dafo Fomtec AB, Angus Fire, Kerr Fire, Perimeter Solutions, National Foam, and Chemguard are some of the key players in the market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.

Insights Presented in the Report

“Amongst type, aqueous film forming foam (AFFF) category to witness robust CAGR during the forecast period”

Based on type, the market is segmented into the aqueous film forming foam (AFFF), alcohol-resistant aqueous film forming foam (AR-AFFF), protein foam (PF), synthetic detergent foam (Medium and High Expansion), and others. The aqueous film forming foam (AFFF) category witnessed higher CAGR during the forecast period owing to its properties as a fire extinguishing agent consisting of fluororesin, fluorosurfactant, water-soluble polymer, and hydrocarbon surfactant. In addition, its high demand in the oil & gas industry due to the high risk of fires from flammable liquids. Moreover, these foams are suitable for immediate suppression of Class B fires, including fires involving polar solvents such as ketones and alcohol which is driving the growth of the market.

“Amongst end-user, the oil and gas segment to hold a significant share in the market in 2020”

On the basis of end-user, the market is categorized into oil & gas, aviation, petroleum & petrochemical, marine, mining, and others. Among these, the oil and gas segment to hold a significant share in the market in 2020. This is mainly because it is one of the largest consumers of firefighting foam in the market as this foam is widely used for Class B fires and is the best fire protection solution for fires caused due to flammable liquids. In addition, highly flammable liquids and gases can lead to serious property damage, environmental pollution, and serious fire hazards that are life-threatening. Hence, many oil well fires can lead to the loss of millions of barrels of crude oil per day, causing enormous economic losses. Hence, product demand from the oil and gas industry has increased in recent years which is escalating the growth of the market.

Firefighting Foam Market Report Coverage

“APAC to grow at a substantial CAGR during the forecast period”

In 2020, APAC is anticipated to grow at a substantial CAGR during the forecast period. This is mainly due to the increasingly extensive use in the oil & gas industry which is the growing industry in this region. Additionally, the region has a rapid growth in industries such as chemical, shipping, automotive, and aerospace in emerging economies such as China and India. Moreover, the APAC region accounts for most of the world’s chemical production and is prone to fires due to unsafe workers. Furthermore, dry weather conditions have led to fire incidents in various countries in the region, with wildfires continuing to cause further damage to the environment, livelihoods, and economies which is driving the growth of the market in the region.

Reasons to buy this report:

• The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
• The report presents a quick review of overall industry performance at one glance.
• The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments.
• Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
• The study comprehensively covers the market across different segments.
• Deep dive regional level analysis of the industry.

Customization Options:

The Global Firefighting Foam Market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.

You can also purchase parts of this report. Do you want to check out a section wise
price list?

Get in touch with team

Research Methodology

Research Methodology for the Firefighting Foam Market Analysis (2022-2028)

Analyzing the historical market, estimating the current market, and forecasting the future market of the global firefighting foam market were the three major steps undertaken to create and analyze the adoption of firefighting foam in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global firefighting foam market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:

Analysis of Historical Market Size

Step 1: In-Depth Study of Secondary Sources:

Detail secondary study was conducted to obtain the historical market size of the firefighting foam market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.

Step 2: Market Segmentation:

After obtaining the historical market size of the firefighting foam market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments are included in the report as type and end-user. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.

Step 3: Factor Analysis:

After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the firefighting foam market. Further, we conducted factor analysis using dependent and independent variables such as various types and end-user of firefighting foam. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the firefighting foam market sector across the globe.

Current Market Size Estimate & Forecast

Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global firefighting foam market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.

Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast for 2028 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:

• The industry’s market size, in terms of revenue (USD) and the adoption rate of the firefighting foam market across the major markets domestically
• All percentage shares, splits, and breakdowns of market segments and sub-segments
• Key players in the global firefighting foam market in terms of products offered. Also, the growth strategies adopted by these players to compete in the fast-growing market

Market Size and Share Validation

Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.

Split of Primary Participants in Different Regions

Market Engineering

The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global firefighting foam market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of type and end-user n in the global firefighting foam market.

The main objective of the Global Firefighting Foam Market Study

The current & future market trends of the global firefighting foam market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:

• Analyze the current and forecast market size of the firefighting foam market in terms of value (USD). Also, analyze the current and forecast market size of different segments and sub-segments
• Segments in the study include areas of type and end-user.
• Define and analysis of the regulatory framework for the firefighting foam industry.
• Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry.
• Analyze the current and forecast market size of the firefighting foam market for the major region.
• Major countries of regions studied in the report include Asia Pacific, Europe, North America, and the Rest of the World.
• Company profiles of the firefighting foam market and the growth strategies adopted by the market players to sustain in the fast-growing market
• Deep dive regional level analysis of the industry

You can also purchase parts of this report. Do you want to check out a section wise
price list?

Get in touch with team