Firefighting Foam Market Size, Share and COVID-19 Impact Analysis, By Type [Aqueous Film Forming Foam, Alcohol Resistant Aqueous Film Forming Foam (AR-AFFF), Synthetic Detergent Foam (Mid and High Expansion Foam), and Others], By End-Use Industry (Oil and Gas, Mining, Marine, Aviation and Others) and Regional Forecast, 2024-2032

The global firefighting foam market size is predicted to rise at a healthy CAGR from 2024 to 2032. Firefighting foam is used to prevent and suppress the contact of oxygen with the fire. It is preferred over conventional fire extinguishing agents such as water, carbon dioxide, chemicals, etc. These foams have ability to separate the fire source from the object, suppress vapors and prevent smothering. These properties led to increase in its demand from areas, wherein flammable materials and liquids are stored, transported, processed and used as energy resources.

Increase in fire related accidents in the recent past has led to significant loss of life and property. This has resulted into increase in spending on fire-safety solutions. Loss of lives and property caused many developing and developed countries tightening the fire safety regulations. This has resulted in increase in fire-safety related expenditure from private as well as government sector. This trend is expected to continue and further drive the global market. Moreover, decreased use of water against firefighting in the oil and gas industry is expected to aid market growth.

Stringent regulations on the production and use of firefighting foam is a key challenge for industry growth. Manufacturers need to follow these regulations, which could affect their profit margins. However, with good manufacturing practices, the impact of this challenge is projected to lower in the near future.

Impact of COVID-19 on the Firefighting Foam Market

Spread of COVID-19 has a staggering impact on the global firefighting foam market.  Restriction on the movements of the people had led to partial or complete stoppage of production by different end-use industries. This has resulted into decrease in the demand for the firefighting foam across the globe. Moreover, COVID-19 has greatly affected the supply chains involved in the market. However, with restoration of supply chain and reduced COVID-19 cases revamped industrial operations with full capacity.  There is slowly rise in oil & gas operations owing to increased demand from the opening market post-pandemic period. This rise in demand is expected to continue and further drive the firefighting foam market.

Key Insights

The report will cover the following key insights:

• Regulatory Scenario of Firefighting Foam Market.


• Key developments in Firefighting Foam Market.


• Impact of COVID-19 on Firefighting Foam Market.

Analysis by Type

Depending on the types, global firefighting foam market is segmented into Aqueous Film Forming Foam, Alcohol Resistant Aqueous Film Forming Foam (AR-AFFF), Synthetic Detergent Foam (Mid and High Expansion Foam), and Others. Among these, aqueous film forming foam holds the largest share of global firefighting foam market. There is high demand for aqueous film forming foam from oil and gas industry owing to high risk of fire from the flammable oil and gas. Thus, considerable growth in the oil and gas industry is creating considerable demand for AR-AFFF.

Analysis by End-Use Industry

Based on end-use industry, the firefighting foam market is segmented into oil and gas, mining, marine, aviation and others. Oil and gas industry was the major shareholder of the global firefighting foam market in 2021 and expected to retain its position during the forecast period. There is partial or complete removal of restrictions on the movement of the people and restoration of supply chains after mid-2021. This has led to significant rise in the demand for oil and gas products owing to fully operative industries and transportation sector. This trend is expected to continue and boost the global firefighting foam market during the forecast period.

Regional Firefighting Foam Market Analysis

Asia Pacific holds the largest share and is the fastest growing market for firefighting foam market. The region is expected to retain its position during the forecast period. The region will witness a significant growth in the firefighting foam market owing to well developing oil and gas industry in the region.

North America and Europe holds considerable portion and are significant contributors to the growth of global firefighting foam industry. Growth of firefighting foam market in the region can be attributed to the developed oil and gas industry as well as presence of strict regulation for use of firefighting measures in different end-user industries.

Latin America, Middle East & Africa are projected to indicate considerable growth in firefighting foam market during the forecast period due to developing oil and gas industry as well as mining industry in the region.

Key Players Covered

• Perimeter Solutions


• EAU & FAU


• Johnson Controls International PLC


• DIC Corporation


• National Foam


• Ansul


• Auxquima


• Williams Fire


• Chemgaurd


• Dafo Fomtec AB


• Sffeco Global


• Kerr Fire


• Angus Fire

Segmentation

Key Industry Developments

• In June 2022, Perimeter Solutions launched SOLBERG, VERSAGARD 1×3 Multipurpose Fluorine-Free Foam Concentrate. It is alcohol resistant firefighting foam. It can be used for extinguishing and securing both Class B (hydrocarbon fuel and polar solvent fuel) and deep-seated Class-A Fires.


• In July 2021, Perimeter Solutions announced that it has completed the acquisition of a manufacturer of firefighting foam, Magnum Fire and Safety System. The move is expected to increase the share of the company in the market.