Firefighting Foam Market Size, Trends and Insights By Foam Type (Aqueous Film Forming Foam (AFFF), Alcohol Resistant Aqueous Film Forming Foam (AR-AFFF), Protein Foam, Synthetic Detergent Foam), By Fire Type (Class A, Class B, Class C), By End-Use (Oil & Gas, Automotive, Chemical, Aviation, Marine, Mining, Others), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2024–2033
Report Snapshot
Study Period: | 2024-2033 |
Fastest Growing Market: | Asia-Pacific |
Largest Market: | Europe |
Major Players
- National Foam
- ANGUS FIRE
- BIO EX S.A.S.
- Perimeter Solutions
- Dafo Fomtec AB
- Johnson Controls
- Others
Reports Description
According to current market research conducted by the CMI Team, the global Firefighting Foam Market is expected to record a CAGR of 3.8% from 2024 to 2033. In 2024, the market size is projected to reach a valuation of USD 5.8 Billion. By 2033, the valuation is anticipated to reach USD 7.41 Billion.
Firefighting Foam Market: Overview
Firefighting foam is a type of foam used to suppress and extinguish fires, particularly those caused by flammable liquids such as oil, gasoline, or other hydrocarbons. It operates by forming a blanket on the fire, turning off the oxygen supply, and cooling the fire to prevent re-ignition. Due to its efficiency in handling hazardous fire situations, it is used in high-risk industries like aviation, oil refining, and chemical manufacturing.
A significant increase in fire-related accidents, particularly in the oil and gas industry, drives the market growth. Furthermore, stringent government rules and regulations that mandate fire safety measures also boost the demand for firefighting foam.
However, the rise in awareness of the presence of PFOS and PFAS in firefighting foam contaminating drinking water sources has led to the introduction of acts and laws that restrict the use of fluorine-based firefighting foam, which hampers the market’s growth. Meanwhile, R&D activities regarding fluorine-free firefighting foam are expected to offer lucrative opportunities for industry growth.
- The Indian Oil Corporation Limited states that from 2014 to 2019, around 113 major road and fire accidents occurred in the transportation of fuel.
- As of 2021, the local fire department of the U.S. recorded almost 1.4 million fire cases, causing around 3,500 civilian deaths and nearly 15,200 civilian injuries.
- In 2023, fire accounted for about 24% of all incidents, according to the most recent data from the Fire Industry Association. Fire false alarms were 42%, and non-fire incidents 34%, compared with fires accounting for 33%.
Firefighting Foam Market: Growth Factors
Rising awareness regarding fire safety
The growing public awareness of the necessity of fire safety is helping to drive the market ahead. Besides, increased concerns about fire-related occurrences and their environmental effects create a favorable market outlook. Furthermore, increased demand for effective firefighting foam solutions as people realize the necessity of fire prevention and control is driving market expansion. On the other hand, firefighting foam is an essential product for fighting several flames such as flammable liquid fires and chemical spills.
Technological advancements
Technological improvements in firefighting foam compositions and systems are driving market expansion. In line with this, essential businesses are developing new foam technologies to improve firefighting capabilities, reduce environmental impact, and increase overall efficacy. They are also working on eco-friendly firefighting foam choices to reduce pollution.
Furthermore, typical foams contain per- and poly-fluoroalkyl chemicals (PFAS), which have a significant environmental impact. Manufacturers offer biodegradable and less toxic foam solutions that meet demanding ecological standards. These eco-friendly foams are gaining popularity as businesses seek more sustainable fire control solutions.
Firefighting Foam Market: Recent Development
The firefighting foam industry adopted several strategies, which include product launch, acquisition, expansion, and others. Some of the company strategies include:
- In May 2023, Johnson Controls introduced its new NFF-331 3%x3% Non-Fluorinated Firefighting Foam Concentrate. The concentrate is intended to be a versatile and efficient alternative to existing alcohol-resistant aqueous film-forming foam (AR-AFFF) concentrates in traditional foam sprinkler systems. This product suppresses fires caused by Class B, polar solvent fuels, and hydrocarbons.
- In September 2023, Perimeter Solutions launched its SOLBERG® 3% MIL-SPEC Synthetic Fluorine-Free Foam (SFFF). This is the first fluorine-free firefighting foam concentrate to be added to the Department of Defense Qualified Products List (QPL). Since a fluorine-free foam has been introduced to the QPL, federal rules require airports and other government agencies employing MIL-SPEC-qualified goods to switch from aqueous film-forming foam (AFFF) to fluorine-free. SOLBERG 3% is the only fluorine-free foam currently on the QPL and available in the market.
These product launches and expansion activities have expanded the company’s market presence in the firefighting foam industry.
COMPARATIVE ANALYSIS OF THE RELATED MARKET
Firefighting Foam Market | Lead Smelting and Refining Market | Aerosol Disinfectants Market |
CAGR 3.8% (Approx) | CAGR 4.97% (Approx) | CAGR 8.4% (Approx) |
USD 7.41 Billion by 2033 | USD 36.50 Billion by 2033 | USD 20.6 Billion by 2033 |
Firefighting Foam Market: Challenge
Environmental and health concerns
Traditional firefighting foams, particularly Aqueous Film-Forming Foam (AFFF), contain per- and Polyfluoroalkyl Substances (PFAS), which are environmentally persistent and have been associated with detrimental health impacts such as cancer and reproductive difficulties. This is attributed to environmental and regulatory concerns that create sectors to avoid PFAS-containing foams, which is hindering the firefighting foam industry’s growth.
Firefighting Foam Market: Segmentation Analysis
By Foam Type:
The Aqueous Film-Forming Foam (AFFF) dominates the firefighting foam industry. The segment expansion is attributable to AFFF’s ability to form instantly upon ejection of the concentrate or water mix from the nozzle. In fuel-based fires, AFFF coats the pool of hydrocarbon fuel with foam, forming a thermal barrier that inhibits and extinguishes combustion. Furthermore, water is a primary component of the AFFF-concentrate marks, along with other materials like glycol ethers and ethylene or propylene glycol, which are added to enhance the foam life.
Besides, the alcohol-resistant aqueous film-forming foam (AR-AFFF) will increase during the analysis period. The segment expansion is attributed to its wide usage in high-risk industries. Moreover, the rising expansion in the aviation sector drives market growth because this foam is used for airport fire suppression, especially in aircraft fuel fires.
By Fire Type:
The class A segment had a substantial market share in 2023. Fabric, wood, paper, and plastics are examples of class-A fires. These fires are widespread in various industries because they can spread rapidly when fuel is in excess. Class A flames are extinguished with pressurized water and mono ammonium phosphate.
Besides, the class B segment is growing at a substantial rate. Class B fires involve combustible and flammable liquids, such as alcohol, gasoline, oil- paints, and lacquers. As a counterpart, Class A fires are suppressed using water, Class B fires are extremely dangerous as they possess fuel with lower density in comparison to water and burning grease has a higher temperature than the boiling point of water.
When grease comes into contact with water, it creates high-temperature steam, which expands rapidly and explodes, causing burns and spreading the fire uncontrollably. Hence, Class B fire extinguishers usually use dry chemicals, such as foam or powder.
By End-use:
Oil and gas are expected to capture a prominent market share during the forecast period because of the high risk of fire, as the operation of oil and gas involves extracting, processing, and storing volatile liquids and gases. Moreover, the expansion in the oil and gas sector and technological advancements propel the expansion of the market.
Nevertheless, the chemical segment grew rapidly over the analysis period. The chemical sector has severe fire safety standards because of the hazardous nature of the chemicals used. Regulatory bodies impose high fire protection regulations, which encourage the use of firefighting foam systems.
Report Scope
Feature of the Report | Details |
Market Size in 2024 | USD 5.8 Billion |
Projected Market Size in 2033 | USD 7.41 Billion |
Market Size in 2023 | USD 5.1 Billion |
CAGR Growth Rate | 3.8% CAGR |
Base Year | 2023 |
Forecast Period | 2024-2033 |
Key Segment | By Foam Type, Fire Type, End-Use and Region |
Report Coverage | Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends |
Regional Scope | North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America |
Buying Options | Request tailored purchasing options to fulfil your research requirements. |
Firefighting Foam Market: Regional Analysis
North America is projected to lead the market growth during the analysis period. The growing oil & gas industry is one of the most significant contributors to the market growth in the area. For instance, as per the data published by the US Energy Information Administration, U.S. oil production, including condensate and crude oil, was 11.7 million barrels per day (b/d) in December 2021. U.S. natural gas production (gross withdrawals) was 120.0 billion cubic feet daily (Bcf/d) in December 2022. U.S. oil production and natural gas production (gross withdrawals) increased in 2022; in December 2022, oil production was 12.1 million b/d and natural gas production (gross withdrawals) reached 121.1 Bcf/d.
However, the Asia Pacific is growing significantly in the global firefighting foam industry. The expansion of the industry in the Asia Pacific region is owing to the thriving chemical sector. Moreover, rising product launches in the area provide a positive outlook for market expansion in the Asia Pacific.
List of the prominent players in the Firefighting Foam Market:
- National Foam
- ANGUS FIRE
- BIO EX S.A.S.
- Perimeter Solutions
- Dafo Fomtec AB
- Johnson Controls
- DIC Corp.
- Fabrik Chemischer Praparate von Dr. Richard Sthamber GmbH & Co. KG
- Kerr Fire
- SFFECO GLOBAL
- Solberg
- Auxquimia
- EAU SAVER
- ICL Group
- Sthamer Hamburg GmbH
- SABO FOAM
- A-FFF Foam
- Amerex Corporation
- Ansul
- Tyco Fire Protection Products
- Others
The Firefighting Foam Market is segmented as follows:
By Foam Type
- Aqueous Film Forming Foam (AFFF)
- Alcohol Resistant Aqueous Film Forming Foam (AR-AFFF)
- Protein Foam
- Synthetic Detergent Foam
By Fire Type
- Class A
- Class B
- Class C
By End-Use
- Oil & Gas
- Automotive
- Chemical
- Aviation
- Marine
- Mining
- Others
Regional Coverage:
North America
- U.S.
- Canada
- Mexico
- Rest of North America
Europe
- Germany
- France
- U.K.
- Russia
- Italy
- Spain
- Netherlands
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- New Zealand
- Australia
- South Korea
- Taiwan
- Rest of Asia Pacific
The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of the Middle East & Africa
Latin America
- Brazil
- Argentina
- Rest of Latin America
Table of Contents
- Chapter 1. Preface
- 1.1 Report Description and Scope
- 1.2 Research scope
- 1.3 Research methodology
- 1.3.1 Market Research Type
- 1.3.2 Market Research Methodology
- Chapter 2. Executive Summary
- 2.1 Global Firefighting Foam Market (2024 – 2033) (USD Billion)
- 2.2 Global Firefighting Foam Market: snapshot
- Chapter 3. Global Firefighting Foam Market – Industry Analysis
- 3.1 Firefighting Foam Market: Market Dynamics
- 3.2 Market Drivers
- 3.2.1 Rising awareness regarding fire safety
- 3.2.2 Technological advancements.
- 3.3 Market Restraints
- 3.4 Market Opportunities
- 3.5 Market Challenges
- 3.6 Porter’s Five Forces Analysis
- 3.7 Market Attractiveness Analysis
- 3.7.1 Market Attractiveness Analysis By Foam Type
- 3.7.2 Market Attractiveness Analysis By Fire Type
- 3.7.3 Market Attractiveness Analysis By End-Use
- Chapter 4. Global Firefighting Foam Market- Competitive Landscape
- 4.1 Company market share analysis
- 4.1.1 Global Firefighting Foam Market: Company Market Share, 2023
- 4.2 Strategic development
- 4.2.1 Acquisitions & mergers
- 4.2.2 New Product launches
- 4.2.3 Agreements, partnerships, collaboration, and joint ventures
- 4.2.4 Research and development and Regional expansion
- 4.3 Price trend analysis
- 4.1 Company market share analysis
- Chapter 5. Global Firefighting Foam Market – Foam Type Analysis
- 5.1 Global Firefighting Foam Market Overview: By Foam Type
- 5.1.1 Global Firefighting Foam Market Share, By Foam Type, 2023 and 2033
- 5.2 Aqueous Film Forming Foam (AFFF)
- 5.2.1 Global Firefighting Foam Market by Aqueous Film Forming Foam (AFFF), 2024 – 2033 (USD Billion)
- 5.3 Alcohol Resistant Aqueous Film Forming Foam (AR-AFFF)
- 5.3.1 Global Firefighting Foam Market by Alcohol Resistant Aqueous Film Forming Foam (AR-AFFF), 2024 – 2033 (USD Billion)
- 5.4 Protein Foam
- 5.4.1 Global Firefighting Foam Market by Protein Foam, 2024 – 2033 (USD Billion)
- 5.5 Synthetic Detergent Foam
- 5.5.1 Global Firefighting Foam Market by Synthetic Detergent Foam, 2024 – 2033 (USD Billion)
- 5.1 Global Firefighting Foam Market Overview: By Foam Type
- Chapter 6. Global Firefighting Foam Market – Fire Type Analysis
- 6.1 Global Firefighting Foam Market Overview: By Fire Type
- 6.1.1 Global Firefighting Foam Market Share, By Fire Type, 2023 and 2033
- 6.2 Class A
- 6.2.1 Global Firefighting Foam Market by Class A, 2024 – 2033 (USD Billion)
- 6.3 Class B
- 6.3.1 Global Firefighting Foam Market by Class B, 2024 – 2033 (USD Billion)
- 6.4 Class C
- 6.4.1 Global Firefighting Foam Market by Class C, 2024 – 2033 (USD Billion)
- 6.1 Global Firefighting Foam Market Overview: By Fire Type
- Chapter 7. Global Firefighting Foam Market – End-Use Analysis
- 7.1 Global Firefighting Foam Market Overview: By End-Use
- 7.1.1 Global Firefighting Foam Market Share, By End-Use, 2023 and 2033
- 7.2 Oil & Gas
- 7.2.1 Global Firefighting Foam Market by Oil & Gas, 2024 – 2033 (USD Billion)
- 7.3 Automotive
- 7.3.1 Global Firefighting Foam Market by Automotive, 2024 – 2033 (USD Billion)
- 7.4 Chemical
- 7.4.1 Global Firefighting Foam Market by Chemical, 2024 – 2033 (USD Billion)
- 7.5 Aviation
- 7.5.1 Global Firefighting Foam Market by Aviation, 2024 – 2033 (USD Billion)
- 7.6 Marine
- 7.6.1 Global Firefighting Foam Market by Marine, 2024 – 2033 (USD Billion)
- 7.7 Mining
- 7.7.1 Global Firefighting Foam Market by Mining, 2024 – 2033 (USD Billion)
- 7.8 Others
- 7.8.1 Global Firefighting Foam Market by Others, 2024 – 2033 (USD Billion)
- 7.1 Global Firefighting Foam Market Overview: By End-Use
- Chapter 8. Firefighting Foam Market – Regional Analysis
- 8.1 Global Firefighting Foam Market Regional Overview
- 8.2 Global Firefighting Foam Market Share, by Region, 2023 & 2033 (USD Billion)
- 8.3. North America
- 8.3.1 North America Firefighting Foam Market, 2024 – 2033 (USD Billion)
- 8.3.1.1 North America Firefighting Foam Market, by Country, 2024 – 2033 (USD Billion)
- 8.3.1 North America Firefighting Foam Market, 2024 – 2033 (USD Billion)
- 8.4 North America Firefighting Foam Market, by Foam Type, 2024 – 2033
- 8.4.1 North America Firefighting Foam Market, by Foam Type, 2024 – 2033 (USD Billion)
- 8.5 North America Firefighting Foam Market, by Fire Type, 2024 – 2033
- 8.5.1 North America Firefighting Foam Market, by Fire Type, 2024 – 2033 (USD Billion)
- 8.6 North America Firefighting Foam Market, by End-Use, 2024 – 2033
- 8.6.1 North America Firefighting Foam Market, by End-Use, 2024 – 2033 (USD Billion)
- 8.7. Europe
- 8.7.1 Europe Firefighting Foam Market, 2024 – 2033 (USD Billion)
- 8.7.1.1 Europe Firefighting Foam Market, by Country, 2024 – 2033 (USD Billion)
- 8.7.1 Europe Firefighting Foam Market, 2024 – 2033 (USD Billion)
- 8.8 Europe Firefighting Foam Market, by Foam Type, 2024 – 2033
- 8.8.1 Europe Firefighting Foam Market, by Foam Type, 2024 – 2033 (USD Billion)
- 8.9 Europe Firefighting Foam Market, by Fire Type, 2024 – 2033
- 8.9.1 Europe Firefighting Foam Market, by Fire Type, 2024 – 2033 (USD Billion)
- 8.10 Europe Firefighting Foam Market, by End-Use, 2024 – 2033
- 8.10.1 Europe Firefighting Foam Market, by End-Use, 2024 – 2033 (USD Billion)
- 8.11. Asia Pacific
- 8.11.1 Asia Pacific Firefighting Foam Market, 2024 – 2033 (USD Billion)
- 8.11.1.1 Asia Pacific Firefighting Foam Market, by Country, 2024 – 2033 (USD Billion)
- 8.11.1 Asia Pacific Firefighting Foam Market, 2024 – 2033 (USD Billion)
- 8.12 Asia Pacific Firefighting Foam Market, by Foam Type, 2024 – 2033
- 8.12.1 Asia Pacific Firefighting Foam Market, by Foam Type, 2024 – 2033 (USD Billion)
- 8.13 Asia Pacific Firefighting Foam Market, by Fire Type, 2024 – 2033
- 8.13.1 Asia Pacific Firefighting Foam Market, by Fire Type, 2024 – 2033 (USD Billion)
- 8.14 Asia Pacific Firefighting Foam Market, by End-Use, 2024 – 2033
- 8.14.1 Asia Pacific Firefighting Foam Market, by End-Use, 2024 – 2033 (USD Billion)
- 8.15. Latin America
- 8.15.1 Latin America Firefighting Foam Market, 2024 – 2033 (USD Billion)
- 8.15.1.1 Latin America Firefighting Foam Market, by Country, 2024 – 2033 (USD Billion)
- 8.15.1 Latin America Firefighting Foam Market, 2024 – 2033 (USD Billion)
- 8.16 Latin America Firefighting Foam Market, by Foam Type, 2024 – 2033
- 8.16.1 Latin America Firefighting Foam Market, by Foam Type, 2024 – 2033 (USD Billion)
- 8.17 Latin America Firefighting Foam Market, by Fire Type, 2024 – 2033
- 8.17.1 Latin America Firefighting Foam Market, by Fire Type, 2024 – 2033 (USD Billion)
- 8.18 Latin America Firefighting Foam Market, by End-Use, 2024 – 2033
- 8.18.1 Latin America Firefighting Foam Market, by End-Use, 2024 – 2033 (USD Billion)
- 8.19. The Middle-East and Africa
- 8.19.1 The Middle-East and Africa Firefighting Foam Market, 2024 – 2033 (USD Billion)
- 8.19.1.1 The Middle-East and Africa Firefighting Foam Market, by Country, 2024 – 2033 (USD Billion)
- 8.19.1 The Middle-East and Africa Firefighting Foam Market, 2024 – 2033 (USD Billion)
- 8.20 The Middle-East and Africa Firefighting Foam Market, by Foam Type, 2024 – 2033
- 8.20.1 The Middle-East and Africa Firefighting Foam Market, by Foam Type, 2024 – 2033 (USD Billion)
- 8.21 The Middle-East and Africa Firefighting Foam Market, by Fire Type, 2024 – 2033
- 8.21.1 The Middle-East and Africa Firefighting Foam Market, by Fire Type, 2024 – 2033 (USD Billion)
- 8.22 The Middle-East and Africa Firefighting Foam Market, by End-Use, 2024 – 2033
- 8.22.1 The Middle-East and Africa Firefighting Foam Market, by End-Use, 2024 – 2033 (USD Billion)
- Chapter 9. Company Profiles
- 9.1 National Foam
- 9.1.1 Overview
- 9.1.2 Financials
- 9.1.3 Product Portfolio
- 9.1.4 Business Strategy
- 9.1.5 Recent Developments
- 9.2 ANGUS FIRE
- 9.2.1 Overview
- 9.2.2 Financials
- 9.2.3 Product Portfolio
- 9.2.4 Business Strategy
- 9.2.5 Recent Developments
- 9.3 BIO EX S.A.S.
- 9.3.1 Overview
- 9.3.2 Financials
- 9.3.3 Product Portfolio
- 9.3.4 Business Strategy
- 9.3.5 Recent Developments
- 9.4 Perimeter Solutions
- 9.4.1 Overview
- 9.4.2 Financials
- 9.4.3 Product Portfolio
- 9.4.4 Business Strategy
- 9.4.5 Recent Developments
- 9.5 Dafo Fomtec AB
- 9.5.1 Overview
- 9.5.2 Financials
- 9.5.3 Product Portfolio
- 9.5.4 Business Strategy
- 9.5.5 Recent Developments
- 9.6 Johnson Controls
- 9.6.1 Overview
- 9.6.2 Financials
- 9.6.3 Product Portfolio
- 9.6.4 Business Strategy
- 9.6.5 Recent Developments
- 9.7 DIC Corp.
- 9.7.1 Overview
- 9.7.2 Financials
- 9.7.3 Product Portfolio
- 9.7.4 Business Strategy
- 9.7.5 Recent Developments
- 9.8 Fabrik Chemischer Praparate von Dr. Richard Sthamber GmbH & Co. KG
- 9.8.1 Overview
- 9.8.2 Financials
- 9.8.3 Product Portfolio
- 9.8.4 Business Strategy
- 9.8.5 Recent Developments
- 9.9 Kerr Fire
- 9.9.1 Overview
- 9.9.2 Financials
- 9.9.3 Product Portfolio
- 9.9.4 Business Strategy
- 9.9.5 Recent Developments
- 9.10 SFFECO GLOBAL
- 9.10.1 Overview
- 9.10.2 Financials
- 9.10.3 Product Portfolio
- 9.10.4 Business Strategy
- 9.10.5 Recent Developments
- 9.11 Solberg
- 9.11.1 Overview
- 9.11.2 Financials
- 9.11.3 Product Portfolio
- 9.11.4 Business Strategy
- 9.11.5 Recent Developments
- 9.12 Auxquimia
- 9.12.1 Overview
- 9.12.2 Financials
- 9.12.3 Product Portfolio
- 9.12.4 Business Strategy
- 9.12.5 Recent Developments
- 9.13 EAU SAVER
- 9.13.1 Overview
- 9.13.2 Financials
- 9.13.3 Product Portfolio
- 9.13.4 Business Strategy
- 9.13.5 Recent Developments
- 9.14 ICL Group
- 9.14.1 Overview
- 9.14.2 Financials
- 9.14.3 Product Portfolio
- 9.14.4 Business Strategy
- 9.14.5 Recent Developments
- 9.15 Dr. Sthamer Hamburg GmbH
- 9.15.1 Overview
- 9.15.2 Financials
- 9.15.3 Product Portfolio
- 9.15.4 Business Strategy
- 9.15.5 Recent Developments
- 9.16 SABO FOAM
- 9.16.1 Overview
- 9.16.2 Financials
- 9.16.3 Product Portfolio
- 9.16.4 Business Strategy
- 9.16.5 Recent Developments
- 9.17 A-FFF Foam
- 9.17.1 Overview
- 9.17.2 Financials
- 9.17.3 Product Portfolio
- 9.17.4 Business Strategy
- 9.17.5 Recent Developments
- 9.18 Amerex Corporation
- 9.18.1 Overview
- 9.18.2 Financials
- 9.18.3 Product Portfolio
- 9.18.4 Business Strategy
- 9.18.5 Recent Developments
- 9.19 Ansul
- 9.19.1 Overview
- 9.19.2 Financials
- 9.19.3 Product Portfolio
- 9.19.4 Business Strategy
- 9.19.5 Recent Developments
- 9.20 Tyco Fire Protection Products
- 9.20.1 Overview
- 9.20.2 Financials
- 9.20.3 Product Portfolio
- 9.20.4 Business Strategy
- 9.20.5 Recent Developments
- 9.21 Others.
- 9.21.1 Overview
- 9.21.2 Financials
- 9.21.3 Product Portfolio
- 9.21.4 Business Strategy
- 9.21.5 Recent Developments
- 9.1 National Foam
List Of Figures
Figures 1 to 30
List Of Tables
Tables 1 to 77
Report Methodology
In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:
Preliminary Data Mining
On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.
Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.
Statistical Model
Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.
Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.
Some of the variables taken into account for forecasting are as follows:
• Industry drivers and constraints, as well as their current and projected impact
• The raw material case, as well as supply-versus-price trends
• Current volume and projected volume growth through 2030
We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.
Primary Validation
This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.
Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.
All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:
• Market leaders
• Suppliers of raw materials
• Suppliers of raw materials
• Buyers.
The following are the primary research objectives:
• To ensure the accuracy and acceptability of our data.
• Gaining an understanding of the current market and future projections.
Data Collection Matrix
Perspective | Primary research | Secondary research |
Supply-side |
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Demand-side |
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Market Analysis Matrix
Qualitative analysis | Quantitative analysis |
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Key Players
- National Foam
- ANGUS FIRE
- BIO EX S.A.S.
- Perimeter Solutions
- Dafo Fomtec AB
- Johnson Controls
- DIC Corp.
- Fabrik Chemischer Praparate von Dr. Richard Sthamber GmbH & Co. KG
- Kerr Fire
- SFFECO GLOBAL
- Solberg
- Auxquimia
- EAU SAVER
- ICL Group
- Sthamer Hamburg GmbH
- SABO FOAM
- A-FFF Foam
- Amerex Corporation
- Ansul
- Tyco Fire Protection Products
- Others
FAQs
The key factors driving the Market are Rising awareness regarding fire safety, Technological advancements.
The “Aqueous Film Forming Foam (AFFF)” category dominated the market in 2023.
The key players in the market are National Foam, ANGUS FIRE, BIO EX S.A.S., Perimeter Solutions, Dafo Fomtec AB, Johnson Controls, DIC Corp., Fabrik Chemischer Praparate von Dr. Richard Sthamber GmbH & Co. KG, Kerr Fire, SFFECO GLOBAL, Solberg, Auxquimia, EAU SAVER, ICL Group, Dr. Sthamer Hamburg GmbH, SABO FOAM, A-FFF Foam, Amerex Corporation, Ansul, Tyco Fire Protection Products, Others.
“North America” had the largest share in the Firefighting Foam Market.
The global market is projected to grow at a CAGR of 3.8% during the forecast period, 2024-2033.
The Firefighting Foam Market size was valued at USD 5.8 Billion in 2024.