Extinguishing Agents Market Size, Share & Industry Analysis, By Product (Halotron Extinguishing Agents, Foam Extinguishing Agents, Carbon Dioxide Extinguishing Agents, Dry Chemical Extinguishing Agents, Wet Chemical Extinguishing Agents, Others), By Application (Commercial, Industrial, Military, Maritime, Others) and regional Forecast, 2024-2032
KEY INDUSTRY INSIGHTS
Extinguishing agents are the agents that are actively used for extinguishing fire. They can be chemicals, powder, water mist, foam, clean agents, and others. These extinguishing agents are incorporated with other agents and systems to curb the fire. These agents are employed for deployment in planes, passenger cabins, cockpits, lavatories, cargo compartments, cockpits, industrial and other areas. Some of the common extinguishing agents are potassium bicarbonate, sodium bicarbonate, water steam, halotrons, and others.
Occupational Safety and Health Administration (OSHA) and other governmental authorities have imposed stringent rules about safety at workplace and avoid mishaps. This is expected to boost the demand for extinguishing agents. Additionally, the easy portability, high performance, and light weight nature of some of the extinguishing agents shall drive the market growth.
However, ammonium phosphates and ammonium sulfate are generally used in dry fire extinguishing systems. They possess health hazards and can also be damaging to electronics and metal objects. This is likely to hamper the market growth.
Key Market Driver -
Stringent regulations imposed by government authorities.
Key Market Restraint -
Potential hazards related to dry chemical extinguishing agents.
Market Segmentation:
Based on product, the global extinguishing agents market is segmented into halotron extinguishing agents, foam, extinguishing agents, carbon dioxide extinguishing agents, dry chemical extinguishing agents, wet chemical extinguishing agents. Based on application, the market is segmented into commercial, industrial, military, maritime, and others.
From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Key Players Covered:
The global extinguishing agents market consists of global & regional players operating. Some of the key players in the market include 3M, Fitech, American Pacific, Amerex Corporation, Ansul, Fabrik chemischer Präparate von Dr. Richard Sthamer GmbH&Co. KG Yamato Protec, Safequip, Extover Fire Extinguisher, and others.
Key Insights
- New Advancements in Production Technologies
- Key Trends in the Extinguishing Agents Market
- New Product Launches, Expansions, Key Players
- Ranking of Key Players in the Market
Regional Analysis:
The market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is anticipated to hold largest share in market attributed to the stringent rules imposed by Occupational Safety & Health administration (OSHA). For instance, 1910.157 section of the guidelines of OSHA states the requirement of portable extinguishers, their use, maintenance, and placement. Asia Pacific is estimated to be fastest growth due to the large manufacturing base for extinguishing agents in China, India, and other Asian countries. Increasing demand for extinguishing systems from oil and petroleum sector shall boost the Middle East and African market. Europe is expected to show considerable growth due to stringent rules imposed by European government about fire safety at workplace. Latin America shall exhibit sluggish growth by the end of forecast period.
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Segmentation
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Extinguishing Agents Industry Developments
- In June 2019, Fike launched a new fire suppression system using 3M Novotec 1230 Fire protection fluid. The system uses impulse valve fire suppression technology.
- Ongoing
- 2023
- 2019-2022
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