The global firefighting foam market size is expected to reach USD 1,065.3 million by 2030, according to a new study by Polaris Market Research. The report “Firefighting Foam Market Share, Size, Trends, Industry Analysis Report, By Type (Alcohol Resistant Aqueous Film Forming (AR-AFF), Aqueous Film Forming (AFF), Synthetic Detergent, Protein, Others); By End-Use Industry; By Region; Segment Forecast, 2022 - 2030” gives a detailed insight into current market dynamics and provides analysis on future market growth.
The increasing application of firefighting products in the oil and gas sector, growth in industrialization and urbanization, and rising instances of fire accidents drive the growth of the market. However, the COVID-19 outbreak has restricted the growth of the industry. The aviation, mining, and oil and gas industries have been adversely affected by the pandemic resulting in reduced demand, disruption of the supply chain, halt in manufacturing and construction activities, and workforce impairment.
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The demand for firefighting products is expected to increase in Asia-Pacific during the forecast period. Greater industrialization and rising demand from the aviation and mining sectors support market growth in this region. The introduction of fire safety and protection regulations further increases the demand for firefighting products in Asia-Pacific. Several global players are entering into partnerships to strengthen their presence in the developing nations of China, Japan, India, and South Korea.
The oil and gas segment dominated the market in 2021. Stringent protocols to be followed by oil & gas companies for fire safety, high exposure to flammable gases, chemicals, and materials, and greater demand for oil and gas to address growing energy demand across the globe are factors expected to offer growth opportunities for the firefighting products during the forecast period.
Alcohol-resistant aqueous film-forming foam is a viscous concentrate developed especially for fires caused by flammable and water-soluble liquids. They form a gel-like appearance. The foam blanket forms a polymeric membrane on a polar solvent fire. During fire suppression, the polymer from the foam precipitates and forms a barrier or membrane between the fuel surface and foam blanket to avoid loss and damage caused by alcohol fuel.
Firefighting Foam Market Report Highlights
Polaris Market Research has segmented the firefighting foam market report based on type, end-use industry, and region:
Firefighting Foam, Type Outlook (Revenue - USD Million, 2018 - 2030)
Firefighting Foam, End-Use Industry Outlook (Revenue - USD Million, 2018 - 2030)
Firefighting Foam, Regional Outlook (Revenue - USD Million, 2018 - 2030)