July 24, 2024
Firefighting Foam Market

Fluoroprotein Foam Is The Largest Segment Driving The Growth Of Firefighting Foam Market

Market Overview:
Firefighting foam consists of aqueous film-forming foam (AFFF), protein foam, film forming fluoroprotein (FFFP) foam, alcohol resistant aqueous film forming foam (AR-AFFF), low expansion foam, medium expansion foam, high expansion foam etc. It is used to extinguish flammable liquid fires and vapor fires.

Market key trends:
Stringent regulations regarding use of PFAS based foams in many countries is driving the growth of PFAS free firefighting foams. Governments globally are banning use of PFAS based firefighting foams to curb groundwater and soil contamination. For instance, in 2019 U.S. EPA introduced PFOA Stewardship Program to phase out PFAS. Growing construction and oil & gas industries are also fueling the demand of high quality firefighting foams for safety and risk mitigation. Moreover, development of new fluorine-free and biodegradable foam concentrates will present lucrative growth opportunities over the forecast period.

The global Firefighting Foam Market Demand is estimated to be valued at US$ 7.31 Bn in 2023 and is expected to exhibit a CAGR of 5.9% over the forecast period 2023 – 2030, as highlighted in a new report published by Coherent Market Insights.

SWOT Analysis
Strength: Firefighting foams are specially designed to effectively put out hydrocarbon fuel-based fires such as petroleum and aviation fuel fires. They are less toxic than traditional aqueous film-forming foams and have good biodegradability which makes them environmentally sustainable.
Weakness: High costs associated with testing, development and manufacturing of new eco-friendly firefighting foams. Strict regulations regarding the usage and disposal of fluorinated and fluorine-free foams also increases compliance costs.
Opportunity: Growing need to replace existing fluorinated foams with fluorine-free alternatives due to regulatory bans on persistent organic pollutants (POPs). Increasing number of infrastructure projects such as airports, oil & gas facilities where fire protection is crucial also boosts market opportunities.
Threats: Availability of alternative fire protection methods such as sprinklers, dry chemicals and carbon dioxide systems reduces complete reliance on firefighting foams. Economic slowdowns negatively impact the growth of end-use industries.

Key Takeaways
The global firefighting foam market is expected to witness high growth, exhibiting CAGR of 5.9% over the forecast period, due to increasing safety regulations in industries and transition towards environmentally sustainable products.

Regional analysis: North America dominates the global market due to stringent fire safety codes and early adoption of new technologies. Asia Pacific registers fastest growth led by rapid industrialization and increasing construction activities in China and India. Europe and Middle East & Africa also offer lucrative opportunities for market players.

Key players operating in the firefighting foam market are Johnson Controls (including ANSUL), Solberg (a division of Amerex Corporation), Dr. Sthamer, National Foam (a part of Kidde-Fenwal, Inc.), Eau&Feu, Dafo Fomtec AB, ICL Performance Products, KV Fire Chemicals, Auxquimia & Angus Fire. These brands innovate new ecofriendly foam lines by investing heavily in R&D and through strategic partnerships with foam technology companies. They also undertake initiatives to increase market reach in developing regions through distribution network expansion.

*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it