Covid-19 Impact on Firefighting Foam Market to Witness Impressive Growth During 2021-2026

The market report on the Firefighting Foam Market published by Stratview Research indicates lucrative growth opportunities in the Firefighting Foam industry during the next five-year period and ensures more information regarding the market trends. The following summary will give an overview of the challenges, trends, market dynamics, and key players.

Firefighting Foam Market Forecast:

The Firefighting Foam Market is likely to witness a CAGR of 5.2% during the forecast period.

The growth of this market principally depends upon several factors which have direct or indirect influence on the demand. The report published by Stratview Research has the summary of such factors derived using multiple analysis. These methods help in evaluating the potential of the companies and identify gaps, finding challenges as well as opportunities to lay out a successful roadmap which leads to higher profitability.

Here are the key players in the market –

  • Angus Fire Limited
  • Auxquimia
  • Buckeye Fire Equipment Company
  • Bavaria Egypt S.A.E.
  • Dafo Fomtec AB
  • Fireade Inc.
  • Johnson Controls International PLC.
  • KV Fire Chemicals Pvt. Ltd.
  • Oil Technics (Fire Fighting Products) Ltd.

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Firefighting Foam Market Segmentation:

Based on the type, the market is segmented as aqueous film forming foam (AFFF), alcohol resistant aqueous film forming foam (AR-AFFF), protein foam, synthetic detergent foam (High & Mid Expansion Foam), and others.

Based on the end-use industry type, the market is segmented as oil & gas, aviation, marine, mining, and others. The oil & gas end-use industry is the largest consumer of firefighting foam. This high consumption is on account of the grave risk of fire accidents and the efficiency of firefighting foam in fighting out such fire outbreaks.

Regional Analysis

In terms of regions, Asia-Pacific is the largest and fastest-growing market for firefighting foam and is estimated to maintain its dominance during the forecast period as well. The market is driven by various countries, adopting downstream activities, such as refining and processing because of the increasing demand for oil & gas in the region. Further, the enormous investments by various national oil companies in the region are boosting the growth of the oil & gas industry and hence, these factors are underpinning the demand for firefighting foam in the Asia-Pacific region. North America and Europe are also expected to offer substantial growth opportunities in the coming five years.

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