Firefighting Foam is driven by the expanding construction industry. The firefighting foam market is primarily used in the petrochemicals, oil and gas and marine industries to extinguish class B fires involving flammable liquids and gases. It helps to isolate the fuel from oxygen and halt the spread of flames. A firefighting foam suppresses vapors, provides flame knockdown, and prevents re-ignition.
The firefighting foam market is estimated to be valued at USD 5.48 Bn in 2024 and is expected to reach USD 7.03 Bn by 2031, growing at a compound annual growth rate (CAGR) of 3.62% from 2024 to 2031.
The growing construction industry is one of the key drivers of the global Firefighting Foam Market. Rapid urbanization and industrialization have boosted construction activities around the world. Furthermore, rising investments in commercial real estate are also fueling the demand for fire protection systems including firefighting foams. The firefighting foam effectively helps in extinguishing fires at construction sites and prevents potential accidents. Hence, the expansion of the construction industry worldwide will continue to drive market growth during the forecast period.
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