According to the latest report by IMARC Group "Firefighting Foam Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028", The global firefighting foam market size reached US$ 901 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 1,167 Million by 2028, exhibiting a growth rate (CAGR) of 4.5% during 2023-2028. This report can serve as an excellent guide for investors, researchers, consultants, marketing strategists and all those who are planning to foray into the market in any form.
Firefighting foam is a mass of small air-filled bubbles, which possess a lower density compared to oil, gasoline, and water and are made with foam concentrate, water, and air. It functions in two phases consisting of the separation effect and cooling effect, wherein it suppresses the oxygen supply to the flammable material and then cools down the fire with water vapor supplied by the foam. It is stored in fixed atmospheric tanks, along with high-quality, efficient vacuums, and vents, to prevent any air exchange. It is utilized in warehouses and other areas where flammable liquids are stored and processed.
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Firefighting Foam Market Trends and Drivers:
At present, the increasing demand for firefighting foams in various commercial buildings, fuel storage tanks, and oil and gas facilities represent one of the primary factors influencing the market positively. Besides this, the rising incorporation of firefighting foams in areas with the risk of hydrocarbon fires, such as aircraft, airports, and helidecks, is propelling the growth of the market. In addition, the growing demand for electricity in the residential, commercial, and industrial sectors to operate various electronic devices and heavy machinery is offering a favorable market outlook. Moreover, key market players are manufacturing eco-friendly and sustainable firefighting products that are free from fluorine.
The report has segmented the market into the following categories:
Breakup by Type:
Breakup by End Use Industry:
Market Breakup by Region:
Competitive Landscape with Key Player:
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