Firefighting Foam Market Projected to Reach $867.7 million by 2023

1. MarketsandMarkets Presents Firefighting Foam Market Projected to Reach $867.7 million by 2023 https://www.marketsandmarkets.com/Market-Reports/firefighting-foam-market-136945116.html

2. The report "Firefighting Foam Market by Type (AFFF, AR-AFFF, PF, Synthetic Detergent Foam), End-use Industry (Oil & Gas, Aviation, Marine, Mining), Region (APAC, Europe, North America, Middle East & Africa, South America) - Global Forecast to 2023", The firefighting foam market is projected to reach USD 867.7 million by 2023, at a CAGR of 3.6% from an estimated USD 726.4 million in 2018. • Browse 67 market data Tables and 42 Figures spread through 128 Pages and in-depth TOC on "Firefighting Foam Market - Global Forecast to 2023” • Request FREE PDF Brochure : https://www.marketsandmarkets.com/pdfdownload.asp?id=136945116 • The objectives of the study are: • To estimate and forecast the firefighting foam market size, in terms of value and volume • To identify and analyze the key drivers, restraints, challenges, and opportunities influencing the market • To define and segment the market by type, end-use industry, and region • To forecast the size of the firefighting foam market, on the basis of region, such as North America, Europe, Asia Pacific (APAC), South America, and Middle East & Africa along with their major countries • To analyze market opportunities and competitive landscapes of the stakeholders and market leaders • To analyze the recent market developments and competitive strategies, such as expansions, new product launches, agreements, and partnerships to draw the competitive landscape in the firefighting foam market • To strategically identify and profile the key market players and analyze their core competencies in each type and end-use industry segment of the firefighting foam market https://www.marketsandmarkets.com/Market-Reports/firefighting-foam-market-136945116.html

3. Scope of the Report: • This report categorizes the firefighting foam market on the basis of type, end-use industry, and region. • Firefighting Foam Market, By Type: • AFFF • AR-AFFF • PF • Synthetic Detergent Foam • Others • Firefighting Foam Market, By End-Use Industry: • Oil & Gas • Aviation • Marine • Mining • Others • Firefighting Foam Market, By Region: • APAC • North America • Europe • South America • Middle East & Africa https://www.marketsandmarkets.com/Market-Reports/firefighting-foam-market-136945116.html

4. Industry Insights: The firefighting foam market is estimated at USD 726.4 million in 2018 and is projected to reach USD 867.7 million by 2023, at a CAGR of 3.6% between 2018 and 2023. The major driver for the market includes the increasing use of environmentally-friendly products and increasing fire-related accidents leading to casualties and loss of property. The firefighting foam market has been classified on the basis of type and end-use industry. Among types, the market is classified into AFFF, AR-AFFF, PF, synthetic detergent foam. As AFFF is widely used by the oil & gas industry, the demand for AFFF was the highest in 2017. The demand for AFFF is high in the oil & gas industry due to the high risk of fires from flammable liquids. AFFF is preferred as it contains such fires effectively and has a longer shelf life. Request FREE Sample Pages: https://www.marketsandmarkets.com/requestsample.asp?id=136945116 On the basis of end-use industry, the market is classified into oil & gas, aviation, marine, mining, and others. The oil & gas industry is the largest consumer of firefighting foam due to the high risk of fire accidents and the efficiency of firefighting foam in combatting such fires. The major restraint for the firefighting foam market is the absence of a standardized regulatory body globally for the approval of firefighting foam. Various countries follow different regulatory standards, and this acts as a restraint for the growth of the firefighting foam market at the global level. https://www.marketsandmarkets.com/Market-Reports/firefighting-foam-market-136945116.html

5. Industry Leaders: Some of the key players operating in the firefighting foam market are Johnson Controls International Plc. (US), The Solberg Company (US), Dr. Sthamer (Germany), National Foam (US), Angus Fire (UK), Kerr Fire (UK), Eau&Feu (France), DIC Corporation (Japan), and SFFECO Global (UAE). Competition among these players is high, and they are investing in strategic developments, such as new product developments, partnerships & agreements, and mergers & acquisitions. These players have developed fluorosurfactants possessing the C6 chain which enable reduction of environmental issues caused due to the existing C8 chain fluorosurfactants. Hence, these players are investing in the development of new firefighting foams which are environmentally safe. For more Info Visit Our Blog @ https://chemicalsresearchmarket.wordpress.com/Blog Geographical Scenario: By region, the market is segregated into APAC, Europe, North America, South America, and Middle East & Africa. APAC is the largest and fastest-growing market for firefighting foam. Various countries in the APAC are undertaking downstream activities, such as refining and processing due to the rising demand for oil & gas in the region. Various national oil companies in the region are investing in the growth of the oil & gas industry. Hence, these factors are driving the demand for firefighting foam in the APAC. https://www.marketsandmarkets.com/Market-Reports/firefighting-foam-market-136945116.html

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