Global Firefighting Chemicals Market: Overview
The global firefighting chemicals market is benefitting from rising safety concerns and adoption of necessary measures to combat accidental fires. Governmental agencies in several parts of the world have laid safety regulations that necessitate residential and commercial buildings to be equipped with basic firefighting apparatus to protect life and property in the event of an eventuality.
The report segregates the global firefighting chemicals market as per extinguisher type, chemical type, and region.
The report is a meticulous compilation of key aspects that are important to chart the growth trajectory of the global firefighting chemicals market. Each aspect is analyzed at length to provide a satisfactory analysis of the market’s future.
Global Firefighting Chemicals Market: Trends and Opportunities
Factors such as rising industrialization and movement of people from rural to urban areas for work opportunities have led to the construction of high skyscrapers for commercial and residential needs. These high-rise buildings, however, are prone to accidents, and a minor electrical breakdown or short circuit could result in a massive fire. This is necessitating the installation of fire safety equipment such as fire extinguishers, hoses, and reels in high-rise buildings to prevent loss of life and property in the event of accidental fires.
Increasing adoption of fire safety measures that have been mandated by governments and regulatory agencies in several parts of the world are likely to propel the firefighting chemicals market. For instance, dry chemicals based fire extinguishers are used against fires as they help to remove two vertices of the fire triangle. Dry chemicals are used to remove heat or fuel from other components of the fire. Dry chemicals are used for class A fire (ordinary combustibles such as cloth, wood, or plastics), class B fire, class C fire, and class D fire (metal fires).
Rapid urbanization leading to a soaring number of restaurants and eating joints is also benefitting the firefighting chemicals market. Wet chemicals are used to extinguish class K fires (greases and cooking oils) to remove the heat of fire triangles in commercial cooking operations Foams are also used for fire extinguishing to interrupt oxygen supply. Foams are of various types such as class A foams, synthetic foams, class B foams, and protein foams.
In industrial operations, mandates for fire safety to protect loss of life and property is also favoring the firefighting chemicals market. Carbon dioxide is used to extinguish fires in inflammable liquids and electrical equipment such as motors and transformers. Potassium bicarbonate is anticipated to emerge as a key chemical type segment in the firefighting chemicals market.
Global Firefighting Chemicals Market: Geographical Analysis
The global firefighting chemicals market is examined across North America, Latin America, Asia Pacific, Europe, and the Middle East and Africa. Of them, Asia Pacific is anticipated to account for significant revenue contribution to the overall market during the forecast period. North America and Europe firefighting chemicals market are likely to surge at an impressive pace owing to the continual construction of new high-rise buildings that need to be equipped with fire safety apparatus.
On the other hand, Latin America and the Middle East and Africa firefighting chemicals market are likely to display sluggish growth due to lack of fire safety regulations for commercial and residential buildings and lack of knowledge regarding the importance of fire safety equipment in high-rise buildings to combat accidental fires.
Global Firefighting Chemicals Market: Companies Mentioned
The worldwide firefighting chemicals market comprises leading players such as Chemguard, Solvay S.A., Firechem, and The Linde Group.
The global firefighting chemicals market is segmented as follows;
Global Firefighting Chemicals Market, by Extinguisher type
- Water and Foam
- Dry Chemical
- Clean Agent
- Carbon dioxide
- Wet Chemical
Global Firefighting Chemicals Market, by Chemical type
- Potassium Bicarbonate
- Carbon dioxide
- Sodium Chloride
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
- A complete backdrop analysis, which includes an assessment of the parent market
- Important changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
- Emerging niche segments and regional markets
- An objective assessment of the trajectory of the market
- Recommendations to companies for strengthening their foothold in the market
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.