Firefighting Foam MarketSize and Trends
The global Firefighting Foam Market size is projected to reach US$ 10.91 billion by 2030, from US$ 7.31 billion in 2023, at a CAGR of 5.9% during the 2023-2030 period. The growth of the market is primarily driven by the increasing demand for firefighting foams in the oil & gas, manufacturing, and transportation industries. Additionally, rising concerns about environmental safety and the increasing adoption of green firefighting foams are also driving the growth of the market.
Firefighting Foam Market Trends
- Shift to Environmentally Friendly Foams: With increases environmental concerns, especially regarding per- and polyfluoroalkyl substances (PFAS) that is found in many firefighting foams, there is a noticeable shift towards more eco-friendly formulations. PFAS compounds are persistent and can contaminate water sources, leading to a push for alternatives. For instance, in May 2023, according to the U.S. Fire Administration, Per- and polyfluoroalkyl substances (PFAS) have been used in aqueous film-forming foams (AFFFs) for fighting liquid fuel fires since the 1970s. However, PFAS are linked to harmful effects on humans and animals, and they do not degrade naturally in the environment. In response to the negative impacts of PFAS, the Department of Defense has issued a new performance specification for firefighting foams used by the military, requiring them to be PFAS-free.
- Technological Advancements: Improved formulations are being developed to offer better fire suppression capabilities, greater ease of use, and a reduced environmental footprint.
- Increased Use in Aviation and Marine Sectors: The rise in global trade and travel means that fire safety in transportation hubs like airports and seaports is paramount. The specific nature of potential fires in these sectors (like fuel fires) has made firefighting foams a crucial safety measure. For instance, in May 2023, As per the Federal Aviation Administration is actively involved in this transition, and it has urged U.S. airports to limit the use of firefighting foam with PFAS due to the associated risks. The Port of Seattle Fire Department, for example, has been on a five-year journey to find the safest and most efficient aircraft firefighting foam replacement, and it is expecting U.S. airports to soon have the opportunity to select from a list of approved fluorine-free foam products.
- Regulatory Changes and Compliance: Regulatory bodies worldwide are tightening the rules concerning firefighting foam compositions, especially concerning harmful chemicals. Companies are innovating to ensure their products comply with these evolving regulations.