Aqueous Film Forming Foam (AFFF) Fire Extinguishing Agent Market Size, Share Global Analysis Report, 2020–2026

Industry Insights

According to the report published by Facts & Factors, the global Aqueous Film Forming Foam AFFF Fire Extinguishing Agent market size was worth around USD 120 million in 2019 and is predicted to grow around USD 134 million by 2026 with a compound annual growth rate (CAGR) of roughly 1.6% between 2020 and 2026. The report analyzes the global Aqueous Film Forming Foam AFFF Fire Extinguishing Agent market drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the Aqueous Film Forming Foam AFFF Fire Extinguishing Agent market.

This specialized and expertise-oriented industry research report scrutinizes the technical and commercial business outlook of the aqueous film-forming foam (AFFF) fire extinguishing agent industry. The report analyzes and declares the historical and current trends analysis of the aqueous film-forming foam (AFFF) fire extinguishing agent industry and subsequently recommends the projected trends anticipated to be observed in the aqueous film-forming foam (AFFF) fire extinguishing agent market during the upcoming years.

The aqueous film forming foam (AFFF) fire extinguishing agent market report analyzes and notifies the industry statistics at the global as well as regional and country levels in order to acquire a thorough perspective of the entire aqueous film forming foam (AFFF) fire extinguishing agent market. The historical and past insights are provided for FY 2016 to FY 2019 whereas projected trends are delivered for FY 2020 to FY 2026. The quantitative and numerical data is represented in terms of both volume (Tons) and value (USD Million) from FY 2016 – 2026.

Key Insights from Primary Research

• As per our primary respondents, the Aqueous Film Forming Foam (AFFF) Fire Extinguish Agent market is set to grow annually at a rate of around 1.6%
• It was established through primary research that the Aqueous Film Forming Foam (AFFF) Fire Extinguish Agent market was valued at around USD 118 million in 2018
• North America held the largest market share of the Aqueous Film Forming Foam (AFFF) Fire Extinguish Agent in terms of revenue, in 2018
• Aqueous Film Forming Foam(AFFF) is used as either 3 percent or 6 percent concentrate in the U.S. military and in most civil applications around the globe
• The “Military” category, on the basis of application segmentation, was the leading revenue-generating in 2018

Key Recommendations from Analysts

• As per our analysts, the sales if aqueous film-forming foam (AFFF) fire extinguishing agent is lower in Europe owing to strict regulations
• The Asia Pacific is expected to register robust growth in the upcoming years
• Various federal regulations are adversely affecting the sales of aqueous film-forming foam (AFFF) fire extinguishing agent
• However, government policies, initiatives, and rules to have a fire extinguisher in municipal services and the commercial sector is creating new opportunities for the market
• Aqueous Film Forming Foam (AFFF) Fire Extinguish Agentis widely used in the United States Military and creates opportunities for U.S.-based and international companies

The quantitative data is further underlined and reinforced by comprehensive qualitative data which comprises various across-the-board market dynamics. The rationales which directly or indirectly impact the aqueous film-forming foam (AFFF) fire extinguishing agent industry are exemplified through parameters such as growth drivers, restraints, challenges, and opportunities among other impacting factors.

Throughout our research report, we have encompassed all the proven models and tools of industry analysis and extensively illustrated all the key business strategies and business models adopted in the aqueous film-forming foam (AFFF) fire extinguishing agent industry. The report provides an all-inclusive and detailed competitive landscape prevalent in the aqueous film-forming foam (AFFF) fire extinguishing agent market.

The report utilizes established industry analysis tools and models such as Porter’s Five Forces framework to analyze and recognize critical business strategies adopted by various stakeholders involved in the entire value chain of the aqueous film-forming foam (AFFF) fire extinguishing agent industry. The aqueous film forming foam (AFFF) fire extinguishing agent market report additionally employs SWOT analysis and PESTLE analysis models for further in-depth analysis.

The report study further includes an in-depth analysis of industry players' market shares and provides an overview of leading players' market position in the aqueous film forming foam (AFFF) fire extinguishing agent sector. Key strategic developments in the aqueous film forming foam (AFFF) fire extinguishing agent markets competitive landscape such as acquisitions & mergers, inaugurations of different products and services, partnerships & joint ventures, MoU agreements, VC & funding activities, R&D activities, and geographic expansion among other noteworthy activities by key players of the aqueous film forming foam (AFFF) fire extinguishing agent market are appropriately highlighted in the report.

The rising implementation of aqueous film-forming foam (AFFF) fire extinguishing agents across various industries as compared to other firefighting agents is driving the forming foam (AFFF) fire extinguishing agent market. Various government policies, rules, and initiatives to use a fire extinguisher in government bodies, commercial sectors, and industries have set healthy market conditions for the aqueous film-forming foam (AFFF) fire extinguishing agent market. Moreover, aqueous film-forming foam (AFFF) is widely used in U.S. Military opening new market opportunities for international companies. However, the adverse health-related and environmental effects of AFFF have hindered market growth. This is due to the release of the AFFF solution reaching water bodies and contaminating it due to its toxicity.

Report Scope

Regional Overview:

The aqueous film-forming foam (AFFF) fire extinguishing agent market research report delivers an acute valuation and taxonomy of the aqueous film-forming foam (AFFF) fire extinguishing agent industry by practically splitting the market on the basis of different types, applications, and regions. Through the analysis of the historical and projected trends, all the segments and sub-segments were evaluated through the bottom-up approach, and different market sizes have been projected for FY 2020 to FY 2026.

The regional segmentation of the aqueous film forming foam (AFFF) fire extinguishing agent industry includes the complete classification of all the major continents including North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa. Further, country-wise data for the aqueous film-forming foam (AFFF) fire extinguishing agent industry is provided for the leading economies of the world.

The aqueous film-forming foam (AFFF) fire extinguishing agent market is segmented based on Type and Application. On the basis of type segmentation, the market is classified into AFFF 1%, AFFF 3%, and AFFF 6%. In terms of Application segmentation, the market is bifurcated into Military, Chemical, and Petrochemical plants, Tank Farms, Airports, Municipal Services, Merchant Operations, and Others.

Some of the essential players operating in the aqueous film forming foam (AFFF) fire extinguishing agent market, but not restricted to include

• Angus International
• DIC Corporation
• Luoyang Langchao Fire Technology Co., Ltd.
• Tyco Fire Products LP
• Oil Technics Ltd.
• Chemguard, DafoFomtac AB
• ICL Group
• Buckeye Fire Equipment Company
• Amerex Corporation

The taxonomy of the aqueous film-forming foam (AFFF) fire extinguishing agent market by its scope and segmentation is as follows:

By Type Segmentation Analysis (Customizable)

• AFFF 1%
• AFFF 3%
• AFFF 6%

By Application Segmentation Analysis (Customizable)

• Military
• Chemical and Petrochemical Plant
• Tank Farms
• Airports
• Municipal Services
• Merchant Operations
• Others

Regional Segmentation Analysis (Customizable)

• North America
  • The U.S.
  • Canada
• Europe
  • Germany
  • The UK
  • France
  • Spain
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of the Middle East & Africa