Firefighting foams are widely used in different end-use industries such as aerospace & defense, oil & gas, pharmaceutical, marine, industrial, mining, and others. The key drivers expected to have a substantial impact on the growth of the market globally, include increasing shift towards environmentally safe products and increasing fire-related accidents leading to casualties and loss of property. The Firefighting foams market size of firefighting foams is estimated to grow from USD 756 million in 2021 to USD 913 million by 2026, at a CAGR of 3.8% during the forecast period.
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Various manufacturers have taken up R&D activities for the development and innovation of newer firefighting foams due to stringent regulations. Regulations, such as EPA and European Chemicals Agency (ECHA), are focused on reducing longer chain, like C8 or greater, perfluorinated chemicals and PFOA emissions, since existing data shows that shorter chain compounds have a lower potential for toxicity and bioaccumulation. These measures provide opportunities to the growth of firefighting foam market.
By type, the market for Aqueous Film Forming Foam (AFFF) is projected to be the largest between 2021 and 2026. This foam is preferred due to various properties, such as rapid extinguishment, burn-back resistance, and protection against vapor release, which make them the widely adopted type of firefighting foam in the oil & gas industry.
By end-use, oil & gas industry is projected to be the largest between 2021 and 2026. In the oil & gas industry, the demand for firefighting foam is high, as this industry has various activities which involve a high risk of fire.
The APAC firefighting foam market is projected to be the largest between 2021 and 2026, owing to the growing end-use industries supported by a rapid economic boom in the region. The APAC region is home to some of the fastest-growing economies, such as China and India, which are growing at a high rate and are experiencing high demand for oil & gas.
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Some of the key players in the firefighting foam market are Johnson Controls (US), Perimeter Solutions (US), Dr. Sthamer (Germany), National Foam (US), Angus Fire (UK), Kerr Fire (UK), Eau&Feu (France), and SFFECO Global (UAE). Most of these companies have adopted the new product launches, and expansion strategies to strengthen their position in the firefighting foam market.
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