Stratview Research in its recent report has offered an overlook of the current Firefighting Foam Market scenarios and has also estimated the Firefighting Foam Market size to reach grow at CAGR of 5.2%. The insights highlighted in the report are based on data that is carefully collected from reliable sources and is then scrutinized to have a proper analysis.

Not only the report offers the market size but also details about the market segmentation with its share. Stratview Research also extends its research to offer a forecast of the market during the period, to provide the clients with base knowledge of the market and make strategies to have beneficial results ahead.

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Firefighting Foam is a type of foam that is used in the suppression of fire. The foam is used in cooling the fire by cutting off the fuel contact with the oxygen in the air.

Firefighting Foam can be of different types such as aqueous film forming foam, alcohol resistant aqueous film forming foam, protein foam, synthetic detergent foam, and others. Oil & gas, aviation, marine, mining, and others are some of the applications industries where firefighting foam is used.

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

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Based on the type, the market is segmented as aqueous film forming foam (AFFF), alcohol resistant aqueous film forming foam (AR-AFFF), protein foam, synthetic detergent foam (High & Mid Expansion Foam), and others. The demand for AFFF was the highest in 2018, owing to its extensive usage by the oil & gas industry, which is due to the huge risk of fires from flammable liquids. AFFF is favored as it owns such fires effectively and bears a longer shelf life.

Based on the end-use industry type, the market is segmented as oil & gas, aviation, marine, mining, and others. The oil & gas end-use industry is the largest consumer of firefighting foam. This high consumption is on account of the grave risk of fire accidents and the efficiency of firefighting foam in fighting out such fire outbreaks.

In terms of regions, Asia-Pacific is the largest and fastest-growing market for firefighting foam and is estimated to maintain its dominance during the forecast period as well. The market is driven by various countries, adopting downstream activities, such as refining and processing because of the increasing demand for oil & gas in the region. Further, the enormous investments by various national oil companies in the region are boosting the growth of the oil & gas industry and hence, these factors are underpinning the demand for firefighting foam in the Asia-Pacific region. North America and Europe are also expected to offer substantial growth opportunities in the coming five years.

Check out the Table of Contents here:
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Highlights of the Report: Firefighting Foam Market is likely to witness an impressive CAGR of 5.2% during the forecast period. Increasing use of environmentally-friendly products and rise in fire-related accidents leading to fatalities and loss of property are the major factors expected to drive the growth of the global firefighting foam market during the forecast period.

Some of the major players in the firefighting foam market are Angus Fire Limited, Auxquimia, Buckeye Fire Equipment Company, Bavaria Egypt S.A.E., Dafo Fomtec AB, Fireade Inc., Johnson Controls International PLC., KV Fire Chemicals Pvt. Ltd., and Oil Technics (Fire Fighting Products) Ltd.

Features of the Report
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.

The Firefighting Foam Market analysis report discusses the following heads in great detail:

• Market structure: Overview, industry life cycle analysis, supply chain analysis
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Market trend and forecast analysis
• Market segment trend and forecast
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors