Technavio has been monitoring the firefighting foam market and it is poised to grow by $ 175.3 mn during 2020-2024, progressing at a CAGR of almost 4% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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Technavio has announced its latest market research report titled Global Firefighting Foam Market 2020-2024 (Graphic: Business Wire)
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Frequently Asked Questions:
What are the major trends in the market?
Increasing use of fluorine-free firefighting foams as viable alternatives to AFFF is a major trend driving the growth of the market.
At what rate is the market projected to grow?
The year-over-year growth for 2020 is estimated at 3.56% and the incremental growth of the market is anticipated to be $ 175.3 mn.
Who are the top players in the market?
Angus International Safety Group, Buckeye Fire Equipment Co., Dafo Fomtec AB, DIC Corp., Fabrik chemischer Praparate von Dr. Richard Sthamer Gmbh & Co. KG, Fire Service Plus Inc., Johnson Controls International Plc, KV Fire Chemicals Pvt. Ltd., Perimeter Solutions LP, and SFFECO Global., are some of the major market participants.
What is the key market driver?
The rise in construction and expansion of airports is one of the major factors driving the market.
How big is the APAC market?
The APAC region will contribute 41% of the market share.
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Angus International Safety Group, Buckeye Fire Equipment Co., Dafo Fomtec AB, DIC Corp., Fabrik chemischer Praparate von Dr. Richard Sthamer Gmbh & Co. KG, Fire Service Plus Inc., Johnson Controls International Plc, KV Fire Chemicals Pvt. Ltd., Perimeter Solutions LP, and SFFECO Global are some of the major market participants. The rise in construction and expansion of airports will offer immense growth opportunities. To make most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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Firefighting Foam Market 2020-2024: Segmentation
Firefighting Foam Market is segmented as below:
Oil And Gas
Aqueous Film-forming Foam
Alcohol Resistant Aqueous Film-forming Foam
Synthetic Detergent Foam
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Firefighting Foam Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The firefighting foam market report covers the following areas:
Firefighting Foam Market Size
Firefighting Foam Market Trends
Firefighting Foam Market Industry Analysis
This study identifies increasing use of fluorine-free firefighting foams as viable alternatives to AFFF as one of the prime reasons driving the firefighting foam market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Firefighting Foam Market 2020-2024: Key Highlights
CAGR of the market during the forecast period 2020-2024
Detailed information on factors that will assist firefighting foam market growth during the next five years
Estimation of the firefighting foam market size and its contribution to the parent market
Predictions on upcoming trends and changes in consumer behavior
The growth of the firefighting foam market
Analysis of the market’s competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of firefighting foam market vendors
Table of Contents:
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
Currency conversion rates for US$
PART 03: MARKET LANDSCAPE
Market segmentation analysis
PART 04: MARKET SIZING
Market sizing 2019
Market size and forecast 2019-2024
PART 05: FIVE FORCES ANALYSIS
Bargaining power of buyers
Bargaining power of suppliers
Threat of new entrants
Threat of substitutes
Threat of rivalry
PART 06: MARKET SEGMENTATION BY END-USER
Market segmentation by end-user
Oil and gas
PART 07: CUSTOMER LANDSCAPE
PART 08: MARKET SEGMENTATION BY PRODUCT
Market segmentation by product
Comparison by product
Aqueous film-forming foam - Market size and forecast 2019-2024
Alcohol resistant aqueous film-forming foam - Market size and forecast 2019-2024
Protein foam - Market size and forecast 2019-2024
Synthetic detergent foam - Market size and forecast 2019-2024
Other foams - Market size and forecast 2019-2024
Market opportunity by product
PART 09: GEOGRAPHIC LANDSCAPE
APAC - Market size and forecast 2019-2024
Europe - Market size and forecast 2019-2024
North America - Market size and forecast 2019-2024
MEA - Market size and forecast 2019-2024
South America - Market size and forecast 2019-2024
Key leading countries
PART 10: DECISION FRAMEWORK
PART 11: DRIVERS AND CHALLENGES
PART 12: MARKET TRENDS
Strategic M&A among market vendors
Increasing use of fluorine-free firefighting foams as viable alternatives to AFFF
Transition from C8 to C6 fluorochemistry
PART 13: VENDOR LANDSCAPE
PART 14: VENDOR ANALYSIS
Market positioning of vendors
Angus International Safety Group
Buckeye Fire Equipment Co.
Dafo Fomtec AB
Fabrik chemischer Präparate von Dr. Richard Sthamer Gmbh & Co. KG
Fire Service Plus, Inc.
Johnson Controls International Plc
KV Fire Chemicals Pvt. Ltd.
Perimeter Solutions LP
PART 15: APPENDIX
List of abbreviations
Definition of market positioning of vendors
PART 16: EXPLORE TECHNAVIO
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
View source version on businesswire.com: https://www.businesswire.com/news/home/20200926005003/en/