FIREFIGHTING FOAM MARKET SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS (2023 - 2028)

 Firefighting foams are used in refineries, tank terminals, bulk fuel storage tanks, tank farms, LNG facilities, offshore platforms, and floating production storage and offloading (FPSO), where the main fire risks are hydrocarbon fires (Class B fire). Also, hydrocarbon fires comprise crude oil, fuel, gas, and shale oil. Some of the major oil extracting countries are the United States, Saudi Arabia, Russia, Canada, Iraq, and Iran, accounting for about 57% of the total world’s oil extraction. Depending upon the class of fire and type of fuel or solvent set on fire, different types of foaming agents are used. The type of foaming agents differs and is customized based on the type of industry. The oil and gas industry’s suitable type of foaming agent is aqueous film-forming foam, and it is the fastest considered type of firefighting foam. The firefighting foam market is expected to register a CAGR of more than 4% during the forecast period (2022-2027).


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