Global Firefighting Foam Market 2018-2022 | Rising Adoption of Fluorine-Free Firefighting Foams to Boost Growth | Technavio
LONDON--(BUSINESS WIRE)--Sep 19, 2018--The global firefighting foam market is expected to post a CAGR of nearly 4% during the period 2018-2022, according to the latest market research report by .
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Technavio has published a new market research report on the global firefighting foam market for the period 2018-2022. (Graphic: Business Wire)
A key factor driving the growth of this market is the increasing demand for petroleum oil and the associated fire risks. The ever-growing demand for energy has resulted in extensive onshore and offshore exploration activities, which is estimated to drive the market for firefighting foams. Crude oil and natural gas play crucial roles in the global energy supply chain. Crude oil is transformed into different products such as fuels that are primarily consumed by the transport sector. Fuels include gasoline, residual fuel oil, distillates (diesel/ gas oil), jet fuel, naphtha, kerosene, and a vast spectrum of other products. The global demand for petroleum products is still growing despite the availability of alternatives.
This market research report on the also provides an analysis of the most important trends expected to impact the market outlook during the forecast period. Technavio classifies an emerging trend as a major factor that has the potential to significantly impact the market and contribute to its growth or decline.
In this report, Technavio highlights the rising adoption of fluorine-free firefighting foams as one of the key emerging trends in the global firefighting foam market:
Global firefighting foam market: Rising adoption of fluorine-free firefighting foams
The market is witnessing the increasing adoption of fluorine-free foams amid rising concerns of environmental harm caused by firefighting foams containing fluorine. Players in the market are developing fluorine-free foams to combat class B fires. At present, these foams are used in airports to douse blazes caused by flat spill fuel and their uses in other applications are quite miniscule. Fluorine-free foams are more environment-friendly in comparison to fluorinated firefighting foams.
“Generally, fluorine-free firefighting foams are synthetic surfactant-based foams such as polysaccharides. Fluorine-free foams have various issues such as negligible film-forming ability, high viscosity, and lower extinguishing and burnback performance. Modifications in existing firefighting foams require high initial capital investments to replace conventional firefighting foam systems with fluorine-free foams. Nevertheless, their biodegradable nature and the lower environmental impacts caused by these foams make them suitable for class B fires,” says a senior analyst at Technavio for research on specialty chemicals.
Global firefighting foam market: Segmentation analysis
This market research report segments the global firefighting foam market by product (AFFF, AR-AFFF, protein foam, and SDF) and geographical regions (APAC, EMEA, and the Americas).
The AFFF segment held the largest market share in 2017, accounting for nearly 54% of the market. This application segment is expected to dominate the global market throughout the forecast period.
EMEA led the market in 2017 with a market share of nearly 38%. This region is expected to dominate the market through 2022, however, there will be a decrease in its market share.
Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.
Some of the key topics covered in the report include:
Market LandscapeMarket ecosystem Market characteristics Market segmentation analysis
Market SizingMarket definition Market size and forecast
Five Forces Analysis
Geographical SegmentationRegional comparison Key leading countries
Vendor LandscapeVendors covered Vendor classification Market positioning of vendors Competitive scenario
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SOURCE: Technavio Research
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PUB: 09/19/2018 01:52 PM/DISC: 09/19/2018 01:51 PM