Firefighting foams are specialized foaming agents used to extinguish liquid fuel fires and gas fires across various applications. Fluorinated and fluorine-free foams are primarily used in firefighting applications for their enhanced burning and spreading capabilities. Firefighting foams find applications in oil and gas, aviation, marine, petrochemical, and infrastructure sectors for combating fires involving flammable liquids, such as crude oil, gasoline, jet fuel, and liquefied natural gas (LNG). The global rise in industrial activities and transportation sector has augmented the risk of fire-related accidents, thereby driving the need for efficient fire extinguishing techniques. Firefighting foams are effective in smothering the fire and separating it from oxygen, thereby quickly dousing the flames.
The global Firefighting Foam Market is estimated to be valued at US$ 7.31 Bn in 2023 and is expected to exhibit a CAGR of 1.0% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
One of the key trends witnessed in the firefighting foam market is the increasing demand for fluorine-free foams. Rising environmental concerns regarding persistent organic pollutants from fluorinated foams compel industry players and regulators to shift toward eco-friendly substitutes. Non-fluorinated foams release renewable, biodegradable, and environmentally preferred surfactants and film-forming compounds in a fire event. This reduces risks to the ecosystem from residual chemicals. Research efforts are ongoing to formulate fluorine-free foams with comparable performance and fire extinguishing capabilities as conventional fluorinated varieties. Superior performance attributes of newer fluorine-free technologies will support their adoption over the forecast period.
Porter’s Analysis
Threat of new entrants: The high capital requirement and stringent government regulations act as barrier for new players to enter this market.
Bargaining power of buyers: The product differentiation and importance of firefighting materials for industrial safety provides established players with bargaining power against buyers.
Bargaining power of suppliers: Established manufacturers source quality raw materials from specialized suppliers globally, reducing their bargaining power.
Threat of new substitutes: Though alternative fire suppression methods exist, foams provide effective suppression for variety of fires minimizing threat from substitutes.
Competitive rivalry: With recognized brands and compliance to quality standards, competition exists among existing major players.
Key Takeaways
The Global Firefighting Foam Market Size is expected to witness high growth. Regional analysis comprises Regional analysis: The market is dominated by North America and Europe due to stringent fire safety regulations for industrial and oil & gas facilities in these regions. Asia Pacific is expected to witness fastest growth over forecast period led by growing industrial sector and fire safety infrastructure in China and India.
Key players operating in the Firefighting Foam market are Roche Diagnostics; Thermo Fisher Scientific, Inc.; Eisai Co. Ltd.; Novartis AG; Element Biosciences, Inc.; Dovetail Genomics LLC; Illumina, Inc.; ValiRx Plc.; Abcam plc. The major players are focusing on new product launches and strategic collaborations to gain competitive advantage in the market.
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Allied Market Research recently published a report, titled, "Firefighting Foam Market by Type (Aqueous Film Forming Foam (AFFF), Alcohol Resistant Aqueous Film Forming Foam (AR-AFFF), Protein Foam, Synthetic Detergent Foam, and Others), and End-Use Industry (Oil & Gas, Aviation, Marine, Mining, and Others):Global Opportunity Analysis and Industry Forecast, 2020–2027".
On the contrary, innovations in fire extinguisher products is expected to create lucrative opportunities in the near future.The aqueous film forming foam (AFFF) segment dominated the marketBased on type, the AFFF segment held the largest share in 2020, accounting for around one-third of the global firefighting foam market.
The market also analyzes segments including alcohol resistant aqueous film forming foam (AR-AFFF), protein foam, and synthetic detergent foam.Request Sample Report at: https://www.alliedmarketresearch.com/request-sample/5104Oil & gas to manifest highest CAGR through 2027By end user, the oil & gas segment is anticipated to register the highest CAGR of 3.9% during the forecast period.
This is due to wide use of firefighting foams in the oil & gas industry, as the sector is prone to fire outbreaks.
In addition, the oil & gas companies need to comply with several stringent rules & regulations regarding fire safety, which drives the growth of the segment.
This is owing to the demand from emerging economies such as China, India, Australia, and South Korea.
