(MENAFN- EIN Presswire) Firefighting Foam Market Forecast
Rise in demand from end-use industries and government rules and regulations regarding fire safety have propelled the growth of the global market.
OREGON, PORTLAND, UNITED STATES, November 3, 2022 / / -- Rise in demand from end-use industries and government rules and regulations regarding fire safety have propelled the growth of the global . By type, the aqueous film forming foam (AFFF) held the largest market share in 2018. Contrarily, by end user, the oil & gas segment dominated the market in 2018. Moreover, the Asia-Pacific region would garner the fastest CAGR by 2026.
A complete and wide-ranging evaluation ofa the aspects that drive and restrain the market growth is also provided throughout the study. This detailed exploration of the market size and its proper segmentation help the market players define the prevalent opportunities that are looming large.
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The global firefighting foam industry was pegged at $856.3 million in 2018, and is expected to reach $1.14 billion by 2026, growing at a CAGR of 3.6% from 2019 to 2026.
The report helps clients in comprehending the first-hand knowledge of the global market while providing a full-fledged understanding of the regional-level analysis of each segment. At the same time, the study contain in-depth information of the frontrunners that are active in the industry along with their financial agenda, segmental profits, company trends, services/products offerings, and major adopted stratagems.
The Firefighting foam market report keeps a perfect tab on the market share of several companies, recent market trends, revenue forecast, and new product launches across the market. The report includes company profiles that delineate the revenue share of the top competitors in the market. Simultaneously, the report provides revenue forecasts for four regions and more than twenty major countries across Asia-Pacific, LAMEA. North America and Europe.
Firefighting Foam Companies Covered Market:- Dr. Sthamer, National Foam, Angus Fire Ltd., Kerr Fire, Sffeco Global, DafoFomtec Ab, Solberg, Auxquima, Perimeter Solutions, Eau&Feu, DIC Corporation, Johnson Controls International Plc, Ansul, Chemguard, Williams Fire, Sabo Foam and Other.
Analysis of COVID-19 impact:
The outbreak of the pandemic has had a massive impact on the majority of industries and the Firefighting foam market was also not an exception in this regard. The report provides a detailed study on the micro- and macro-economic impact during the pandemic. Additionally, it emphasizes the direct impact of the COVID-19 pandemic on the Firefighting foam market in the form of qualitative study. The report offers explicit details regarding the market extent and shares during this unprecedented time. At the same time, the major strategies adopted by the market players to combat the global crisis is also covered under the report. Last but not the least, the report highlights how the pandemic has distorted the supply chain of the market and takes in a post-COVID-19 analysis too.
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