Firefighting Foam Market : Regional Analysis, Top Key Players Profiles and Future Prospects

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Firefighting Foam: Introduction

• Firefighting foam is primarily used for fire suppression and avoiding the contact of oxygen with fire. It is used instead of conventional extinguishing agents such as dry chemicals, water, and carbon dioxide due to its ability to extinguish fire; separate the fire source from the product surface; suppress vapors; and prevent smothering.
• Firefighting foam is a mass of small air-filled bubbles that has lower density than water, oil, and gasoline. Firefighting foam primarily consists of three major ingredients: foam concentrate, water, and air. When mixed in the correct proportions, it gets converted into a homogeneous foam blanket.
• Commonly available firefighting foams include aqueous-film-forming foam, alcohol-resistant foam, wetting agents, fluoroprotein, and film-forming fluoroprotein

Key Drivers and Restraints of Firefighting Foam Market

• The firefighting foam market has been expanding owing to various factors such as increase in fire-related expenditure in developing and developed countries such as the Germany, the U.S., India, France, India and China; and a rise in loss of property and death rate due to fire accidents in industrial and urban areas
• Growth in awareness regarding environmentally safe products is a major driving the firefighting foam market. Decrease in usage of water as a fire extinguisher is also boosting the demand for firefighting foam.
• Significant increase in fire related accidents, especially in the oil & gas industry, is propelling the demand for efficient safety measures such as firefighting foam. Furthermore, enactment of stringent rules & regulations by governments that mandate fire safety measures is boosting the demand for firefighting foam.
• Increase in research and development activities regarding fluorine-free firefighting foam is expected to offer lucrative opportunities to the firefighting foam market
• Stringent regulations related to production of firefighting foam and absence of a standardized regulatory body worldwide for the approval of firefighting foam are anticipated to hamper the firefighting foam market

Firefighting Foam: Segments

• The firefighting foam market can be segmented based on type and end-user
• Based on type, the market can be divided into Alcohol Resistant Aqueous Film Forming Foam (AR-AFFF), Aqueous Film Forming Foam (AFFF), Synthetic Detergent Foam (mid & high expansion Foam), protein foam, and others
• In terms of end-user, the market can be segregated into aviation, mining, marine, oil & gas, and others

Covid-19 Impact on Firefighting Foam Market

• Emergence of the new COVID strain in many developed and developing countries has adversely affected the health care infrastructure. Hospital staff, medicines, oxygen beds, and ventilators are in short supply. Graveyards and crematoriums have been working continuously to tackle the rise in dead bodies. Supply chains are facing disruptions, leading to disturbances in production activities in many countries.
• On January 30, 2020, the International Health Regulations Emergency Committee of the World Health Organization (WHO) declared the Coronavirus disease (COVID-19) outbreak a public health emergency of international concern. Originating in China, the virus has spread to at least 213 countries and territories around the world.
• Shortage of labor due to the ongoing COVID-19 crisis and unavailability of raw materials are expected to hamper the firefighting foam market in the near future

Asia Pacific to Dominate Firefighting Foam Market

• Based on region, the market can be classified into North America, Asia Pacific, Europe, Latin America, and Middle East & Africa
• Asia Pacific is the leading consumer of firefighting foam across the world. The region is also projected to register the maximum growth rate during the forecast period, owing to the presence of several downstream oil & gas projects (such as extraction, processing, and refining) in the region. Growth of aviation, marine, and mining industries in countries such as India, China, Singapore, and Malaysia has boosted the demand for firefighting foam products in these countries. This, in turn, is likely to drive the firefighting foam market in Asia Pacific during the forecast period.
• The firefighting foam market in North America and Middle East & Africa is anticipated to expand at a rapid pace in the near future