According to the latest report by IMARC Group “Fire Fighting Chemicals Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026“, The global fire fighting chemicals market reached a value of US$ XX Billion in 2020. Looking forward, IMARC Group expects the market to grow at a CAGR of XX% during 2021-2026.
Fire fighting chemicals refer to chemical compounds used to suppress and extinguish fires. They are manufactured using different industrial solvents, such as carbon dioxide, monoammonium phosphate, halon, etc., and blended with various additives, preservatives, and stabilizers. These chemicals prevent combustion by reducing the fire temperature and coating the fuel and are stored in pressurized containers with active propelling agents. Some examples of fire fighting chemicals are alcohol-resistant AFFF, dry, powder, or aqueous film-forming foam (AFFF), protein foam (PF), etc. These are widely used in fixed and portable fire extinguishers, automatic sprinkler systems, fire dampers, etc.
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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
The rising incidences of fire-related mishaps resulting in casualties and property loss are currently driving the fire-fighting chemicals market. Moreover, portable and hand-held fire extinguishers are also being increasingly adopted at construction sites, hospitals, schools, hotels, residential complexes, etc. Additionally, these chemicals are further gaining traction across numerous industries, including oil and gas, mining, chemical, etc., for containing and preventing fire accidents at onshore and offshore facilities, process plants, pipelines, etc. Furthermore, the launch of various eco-friendly product variants is acting as another growth-inducing factor. Besides this, growing safety concerns and the implementation of favorable safety regulations by the government bodies of several countries will also continue to propel the fire-fighting chemicals market over the forecasted period.
Breakup by Type:
- Dry Chemicals
- Wet Chemicals
- Dry Powder
- Foam Based
Breakup by Chemicals:
- Monoammonium Phosphate
- Carbon Dioxide
- Potassium Bicarbonate
- Potassium Citrate
- Sodium Chloride
Breakup by Application:
- Portable Fire Extinguishers
- Automatic Fire Sprinklers
- Fire Retardant Bulkhead
- Fire Dampers
Market Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Competitive Landscape with Key Player:
- Angus Fire
- DIC Corporation
- Fire Safety Devices Pvt. Ltd.
- Foamtech Antifire Company
- Johnson Controls International plc
- Linde plc
- Orchidee Europe
- Perimeter Solutions
- Safequip Pty Ltd
- Solvay S.A.
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
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