Firefighting Foam Market CAGR of 3.6%, Beyond Borders Future-Proofing Your Business Through Market Size Vision

Asia Pacific held the largest share in 2020 and is expected to maintain its dominance, with China, India, Australia, and South Korea being major contributors.

WILMINGTON, DELAWARE, UNITED STATES, February 22, 2024 /EINPresswire.com/ — Allied Market Research has recently published a comprehensive report on the “Firefighting Foam Market,” analyzing the market based on type, end-use industry, and geographic regions. The market was valued at $856.3 million in 2019 and is projected to reach $1.14 billion by 2027, growing at a CAGR of 3.6% during the forecast period (2020-2027).

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Key Growth Factors:

– Demand from End-Use Industries: There has been an increase in demand for firefighting foam from various end-use industries.
– Government Regulations: Stringent government rules and regulations regarding fire safety have also contributed to market growth.
– Product Innovations: Innovations in fire extinguisher products are expected to create lucrative opportunities in the future.
– AFFF Segment Dominance: The aqueous film forming foam (AFFF) segment dominated the market and is expected to continue its dominance throughout the forecast period. AFFF is versatile and can be used in both class A and class B fire cases.
– Oil & Gas Industry Demand: The oil & gas industry, which is prone to fire outbreaks, has a wide use of firefighting foams, thus contributing significantly to the market.
– Asia Pacific’s Dominance: Asia Pacific held the largest share in 2020 and is expected to maintain its dominance, with China, India, Australia, and South Korea being major contributors.
– North America’s Growth: While Asia Pacific held the largest share, North America is expected to register a fast CAGR of 3.2% during the forecast period.

Segments & Regions:

– Type Segments: AFFF, AR-AFFF, Protein Foam, Synthetic Detergent Foam, and Others
– End-Use Segments: Oil & Gas, Aviation, Marine, Mining, and Others
– Geographic Regions: Asia Pacific, North America, Europe, and LAMEA

Major Market Players:

Dr. Sthamer
– National Foam
– Angus Fire Ltd.
– Kerr Fire
– Sffeco Global
– DafoFomtec Ab
– Solberg
– Auxquima
– Perimeter Solutions
– Eau&Feu
– DIC Corporation
– Johnson Controls International Plc
– Ansul
– Chemguard
– Williams Fire
– Sabo Foam

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About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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Allied Market Research
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