The Firefighting Foam Market will grow at highest pace owing to increasing regulations on fire safety
Firefighting foam, also known as firefighting foam concentrate, is a foam used to extinguish flammable liquid fires and prevent re-ignition. It is mainly used at petroleum refineries, petrol stations, and airports where fuels are present and the risk of flammable liquid fires is relatively high. Firefighting foam works by forming a blanket between the fuel and air, thus separating the fuel from oxygen and stopping the chain reaction. It also cools the fuel and helps to prevent re-ignition.
The firefighting foam market is estimated to be valued at USD 5.48 Bn in 2024 and is expected to reach USD 7.03 Bn by 2031, growing at a compound annual growth rate (CAGR) of 3.62% from 2024 to 2031.
Key Takeaways
Key players operating in the firefighting foam market are Tyco Fire Protection Products, Angus International, Amerex Corporation, Buckeye Fire Equipment Company, ICL Group, Suolong, DIC, Jiangya, Langchao Fire Technology, and Dafo Fomtec AB.
With growing fire safety regulations across industries, the demand for firefighting foam is increasing globally. Major Firefighting Foam Market players are focusing on developing environmentally sustainable and more effective firefighting foams through innovations and technological advancements.
Market Trends
One of the key trends in the firefighting foam market is the shift towards the use of environmentally sustainable and biodegradable foams. With increasing environmental regulations regarding the use of persistent organic pollutants, manufacturers are developing bio-based and fluorine-free firefighting foam concentrates. Another trend is the development of dual-purpose foam that can effectively extinguish both class A and class B fires. Advances in foam stabilizers and foaming agents allow the production of foams that provide enhanced burnback resistance and greater resistance to fuel pickup.
Market Opportunities
Rising infrastructure development in emerging economies is one of the key opportunities for market players. As urbanization increases, the need for ensuring fire safety in commercial buildings, transportation, and manufacturing facilities will also grow. This will drive the demand for fire prevention and control systems, including firefighting foams. Another major opportunity lies in the aviation industry. With the increasing air traffic globally, the demand for specialized firefighting foam solutions for airports and aircraft rescue is expected to rise significantly over the coming years.
The COVID-19 Pandemic Impact On Firefighting Foam Market
The Global Coronavirus pandemic had severe impact on Firefighting Foam market. During pre-COVID times, the market was steadily growing at a CAGR of 3.6% from 2020-2025. However, COVID-19 outbreak significantly disrupted the market dynamics and supply chains globally.
Stringent lockdowns imposed by governments worldwide led to temporary closure of manufacturing facilities. This drastically reduced production volumes across all regions in 2020. Further, international trade restrictions and border closures made imports and exports extremely challenging. Many planned construction projects were postponed or delayed indefinitely, thus witnessing reduced demand from end-use industries like oil & gas and aviation.
Adapting to the new normal, manufacturers focused on ensuring safety of their workers by implementing social distancing norms and remote working models. This increased operational costs and lowered productivity levels in the short term.
Gradually as lockdowns eased in 2021, the market showed signs of recovery. Though demand was still subdued compared to pre-COVID levels due to economic slowdown. The Oil & Gas industry which is a major consumer witnessed a steep fall in crude oil prices affecting capital expenditure plans.
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About Author:
Ravina Pandya, Content Writer, has a strong foothold in the market research industry. She specializes in writing well-researched articles from different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc.
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