PUBLISHER: Value Market Research | PRODUCT CODE: 1342932
PUBLISHER: Value Market Research | PRODUCT CODE: 1342932
The global demand for Fire Fighting Foam Market is presumed to reach the market size of nearly USD 15.59 BN by 2030 from USD 9.28 BN in 2022 with a CAGR of 4.81% under the study period 2023 - 2030.
Fire fighting foam plays an important role in controlling and extinguishing fires of flammable liquids. It is a stable mass of small air-filled bubbles with a lower density than gasoline, oil, and water. This foam is used to prevent the ignition and re-ignition of flammable liquids. It suppresses the fire by protecting health, life, and property and finds applications in areas such as oil and gas, aviation, marine, mining, petroleum & petrochemical, ship & shipyard, warehouse, and airports.
The growing popularity of fire fighting foam due to its various features such as higher expansion ratios, foam stability, and resistance to higher temperatures is expected to increase demand for fire fighting foam globally. Fire fighting foam has witnessed an increase in demand from industries such as oil & gas, automotive, chemical, aviation, marine, mining, and more. Furthermore, the enactment of stringent rules & regulations by governments that mandate fire safety measures is boosting the demand for firefighting foam. In addition, the increasing inclination of customers toward environmentally safe fire fighting foams is expected to grow the market during the forecast period. However, the absence of a standardized regulatory body worldwide to approve firefighting foam is anticipated to hamper the fire fighting foam market. Moreover, growing fire-related accidents worldwide are driving the growth of the global firefighting foam market.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of fire fighting foam. The growth and trends of fire fighting foam industry provide a holistic approach to this study.
This section of the fire fighting foam market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
This section covers the regional outlook, which accentuates current and future demand for the Fire Fighting Foam market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the fire fighting foam market include BIO EX S.A.S., ANGUS FIRE, National Foam, Perimeter Solution, DIC Corp., Johnson Controls, Dafo Fomtec AB, Fabrik chemischer Praparate von Dr. Richard Sthamber GmbH & Co. KG, Kerr Fire, SFFECO GLOBAL. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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