Firefighting Foam Market Projected to Reach $867.7 million by 2023
Research Study on the Firefighting Foam Market © MarketsandMarkets™
According to the new market research report on the "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", published by MarketsandMarkets™, 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.
For more Insights on this report, speak to our analyst: https://www.marketsandmarkets.com/speaktoanalyst.asp?id=136945116
Browse in-depth TOC on “Firefighting Foam Market”
67 – Tables
42 – Figures
128 – Pages
View more detailed TOC @ https://www.marketsandmarkets.com/Market-Reports/firefighting-foam-market-136945116.html
Growth of the firefighting foam market can be attributed to the increasing demand from the oil & gas industry. The major drivers for the growth of this market include increasing shift towards environmentally-safe products and increasing fire-related accidents leading to casualties and loss of property.
Among types, the AFFF firefighting foam market witnessed the largest market share in 2017
Based on type, the firefighting foam market has been segmented into AFFF, AR-AFFF, PF, synthetic detergent foam, and others. The AFFF foam segment accounted for the largest share of the firefighting foam market in 2017 and is projected to grow at the highest CAGR during the forecast period. AFFF foam is widely used for oil-based fires and hence is preferred by the oil & gas industry. Due to the higher risk of fire accidents in the oil & gas industry, the demand for AFFF is high.
Request for PDF Brochure @ https://www.marketsandmarkets.com/pdfdownload.asp?id=136945116
The oil & gas industry segment is projected to grow at the highest CAGR between 2018 and 2023
The oil & gas industry segment is expected to grow at the highest CAGR in the firefighting foam market during the forecast period, 2018-2023. Demand for firefighting foam is high in the oil & gas industry due to a higher risk of fire accidents in oil-based fires as various activities in the upstream and downstream sector pose risks. Hence there is a high demand for firefighting foam in this industry as a precautionary measure.
Asia Pacific was the largest market for firefighting foam in 2017
Growth of the APAC firefighting foam market can be attributed to the increasing demand from the oil & gas industry. Countries in the APAC are witnessing an increasing demand for energy which is expected to lead to the increasing establishment of refineries and processing units in the region. This is expected to drive the demand for firefighting foam in the region.
Request FREE Sample Pages @ https://www.marketsandmarkets.com/requestsample.asp?id=136945116
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) are the key players operating in the firefighting foam market.
Browse Adjacent Markets @ Chemicals Market Research Reports & Consulting
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: 1-888-600-6441
Email: sales@marketsandmarkets.com
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/firefighting-foam-market.asp
For more Insights on this report, speak to our analyst: https://www.marketsandmarkets.com/speaktoanalyst.asp?id=136945116
Browse in-depth TOC on “Firefighting Foam Market”
67 – Tables
42 – Figures
128 – Pages
View more detailed TOC @ https://www.marketsandmarkets.com/Market-Reports/firefighting-foam-market-136945116.html
Growth of the firefighting foam market can be attributed to the increasing demand from the oil & gas industry. The major drivers for the growth of this market include increasing shift towards environmentally-safe products and increasing fire-related accidents leading to casualties and loss of property.
Among types, the AFFF firefighting foam market witnessed the largest market share in 2017
Based on type, the firefighting foam market has been segmented into AFFF, AR-AFFF, PF, synthetic detergent foam, and others. The AFFF foam segment accounted for the largest share of the firefighting foam market in 2017 and is projected to grow at the highest CAGR during the forecast period. AFFF foam is widely used for oil-based fires and hence is preferred by the oil & gas industry. Due to the higher risk of fire accidents in the oil & gas industry, the demand for AFFF is high.
Request for PDF Brochure @ https://www.marketsandmarkets.com/pdfdownload.asp?id=136945116
The oil & gas industry segment is projected to grow at the highest CAGR between 2018 and 2023
The oil & gas industry segment is expected to grow at the highest CAGR in the firefighting foam market during the forecast period, 2018-2023. Demand for firefighting foam is high in the oil & gas industry due to a higher risk of fire accidents in oil-based fires as various activities in the upstream and downstream sector pose risks. Hence there is a high demand for firefighting foam in this industry as a precautionary measure.
Asia Pacific was the largest market for firefighting foam in 2017
Growth of the APAC firefighting foam market can be attributed to the increasing demand from the oil & gas industry. Countries in the APAC are witnessing an increasing demand for energy which is expected to lead to the increasing establishment of refineries and processing units in the region. This is expected to drive the demand for firefighting foam in the region.
Request FREE Sample Pages @ https://www.marketsandmarkets.com/requestsample.asp?id=136945116
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) are the key players operating in the firefighting foam market.
Browse Adjacent Markets @ Chemicals Market Research Reports & Consulting
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: 1-888-600-6441
Email: sales@marketsandmarkets.com
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/firefighting-foam-market.asp