In a recent published report, Kenneth Research has updated the market report for Fire Fighting Chemicals Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Fire Fighting Chemicals Market products.
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REPORT HIGHLIGHT
The Firefighting Chemicals Market was valued at USD 2.14 billion by 2017, growing with 3.8% CAGR during the forecast period, 2018-2025
Market Dynamics
Firefighting chemicals are extensively used in different grades of fire extinguishers to eliminate or control a fire outbreak. It is anticipated that increasing safety concerns and favorable safety standards will positively boost the market for firefighting chemicals. All over the world, the concerned authorities have made it mandatory on the part of commercial and residential buildings to abide the established safety regulations. The objective of these regulations hinge on the protection of life and property on the event of an unprecedented fire outbreak. As per these regulations it is expected that a building premises will be provided with different firefighting and safety equipment like fire extinguishers, hose and reel.
“Final Report will add the analysis of the impact of COVID-19 on this industry.”
Surging infrastructural boom in urban and rural areas, which has been set on role with a plethora of congenial governmental regulations will get impetus from the active presence of major players in the regional market. Throughout the world, the construction industry is experiencing a steady growth due to rising industrialization. The boom in the urban infrastructure is characterized by the presence of an increasing number of skyscrapers. Fire hazards pose a serious threat to these establishments and necessitate adequate safety measures.
Increasing concern related to the environmental adversities posed from the residual FFC wastes have prompted regulatory bodies in different regions of Europe and North America. Moreover, they have laid down stringent guidelines that regulate and monitor the use of suppressive agents.
Type Takeaway
Types segment is divided into dry powder, wet, dry and foam based chemicals. Of these, Dry chemicals put out fire through inhibition of the fuel break down into free radicals in the course of combustion. The free radicals present in fuel exhibit high reactivity towards oxygen. Dry chemicals enriched with powder base agents cuts of the flow of oxygen from radicals deter the progression of combustion.
Wet chemicals have high concentration of potassium acetate, potassium carbonate, and potassium citrate. These agents when mixes with water and spread over combustion zone forms foam blanket. The foam blanket reacts with the elements in fire and extinguishes it. On the other hand, the different forms of dry powder consist of sodium carbonate based, graphite based, copper based, and sodium chloride. The crystals present in the powders melts on the surface of the metal and forms a layer that cuts off the flow of oxygen.
Chemical Takeaway
Monoammonium phosphate exhibits a pale yellow colour and it is characterized by highly corrosive properties. It is extensively utilized in its fluidized and siliconized form for extinguishing fire. Dry chemical has the ability to melt at a temperature of 177 degree celsius and flow in order to spread over the affected area and thus extinguishes the combustion.
Halons are invaluable in eliminating heat resulting from combustion through displacing oxygen and therefore help to extinguish it. As Halons are gaseous agents, it hinders or prevents chemical reaction in the combustion. However, due to its detrimental effects on the atmosphere at large their usage has reduced greatly.
Potassium citrate is an odourless powder that has a salty flavour. It is white in colour and in powdered form it is a hygroscopic crystalline. It is used along with water to form a foamy blanket over the combustion zone. The blanket cuts off the flow of air eliminating the presence of oxygen content in the combustion and thus extinguishes it.
Application Takeaway
The global demand for FFC is increasing due to the growing number of congenial regulations of safety. Among all the segment portable fire extinguishers are widely used volume wise. Portable fire extinguishers have extensive usage in decks, machinery spaces, and accommodation spaces. They are widely used in theaters, schools, hospitals, airplanes, construction sites residential and commercial buildings. They are extremely easy to use and, in general, they are located in an easily accessible place. Automatic sprinkler system is usually located on the ceiling of residential buildings, hotel kitchens, factories, and theaters.
Fire retardant bulkhead is mainly used in boats. In the event of an accident, the decks and the bulkhead are affected. If these decks and bulkheads are compromised, the ship could sink to the bottom of the ocean. Therefore, these parts must be provided with high resistance to withstand these occurrences of accidents and hazards.
Fire dampers are used in the ventilation system of server rooms, cargo holds, and engine rooms in order to cut off the oxygen supply in case of a hazard. There is a clear marking on the dampers with the open and closed positions, letting it anyone to operate easily.
Regional Insights
In North America, the National Fire Protection Association (NFPA) and the United States Environmental Protection Agency (EPA) have set well- defined rules regarding the use of chemicals for firefighting and the safety standards associated with firefighting.
The Asia Pacific region is characterized by emerging countries like South Korea, China and India. With the shift in manufacturing of suppression agents along with surging demand of protective equipment will fuel up the market of this region.
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Key Vendors
Companies including Praxair, Inc., Foamtech Antifire Company, EuroChem Group, Air Products and Chemicals, Orchidee, Columbus Chemical Industries, Chemguard, SafeQuip (Pty) Ltd, Linde AG, and Solvay S.A. have gained forward integration by building their presence in application and manufacturing sectors.
The market size and forecast for each segment and sub-segments has been considered as below:
Historical Year – 2014 & 2016
Base Year – 2017
Estimated Year – 2018
Projected Year – 2025
TARGET AUDIENCE
Traders, Distributors, and Suppliers
Manufacturers
Government and Regional Agencies and Research Organizations
Consultants
Distributors
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
MARKET BY TYPE
Dry Powder
Dry Chemicals
Wet Chemicals
Foam-based Chemicals
MAREKT BY CHEMICAL
Monoammonium Phosphate
Potassium Citrate
Potassium Bicarbonate
Carbon Dioxide
Sodium Chloride
Halon
MARKET, BY APPLICATION
Automatic Sprinkler Systems
Fire-retardant Bulkheads
Portable Fire Extinguishers
Fire Dampers
MARKET, BY REGION
North America
S.
Canada
Europe
Germany
France
Rest of Europe
Asia Pacific
India
China
Rest of APAC
Rest of the World
Middle East and Africa
Latin America
About Kenneth Research
Kenneth Research is a reselling agency providing market research solutions in different verticals such as Automotive and Transportation, Chemicals and Materials, Healthcare, Food & Beverage and Consumer Packaged Goods, Semiconductors, Electronics & ICT, Packaging, and Others. Our portfolio includes set of market research insights such as market sizing and market forecasting, market share analysis and key positioning of the players (manufacturers, deals and distributors, etc), understanding the competitive landscape and their business at a ground level and many more. Our research experts deliver the offerings efficiently and effectively within a stipulated time. The market study provided by Kenneth Research helps the Industry veterans/investors to think and to act wisely in their overall strategy formulation
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