San Francisco, 14 January, Fire Fighting Chemicals Market Analysis By
Type (Dry Chemicals, Wet Chemicals, Dry Powder, Foam-based), By Chemicals
(Monoammonium Phosphate, Halon, Carbon Dioxide, Potassium Bicarbonate,
Potassium Citrate, Sodium Chloride), And Segment Forecasts, 2018 - 2025
The global firefighting chemicals market is
expected to reach USD 2.94 billion by 2025, according to a new report by Grand
View Research, Inc. Increasing safety concerns has been a major factor driving
market growth. Employment of fire fighting chemicals services has increased
owing to increasing number of favorable fire safety regulations.
Fire fighting chemicals are
primarily utilized in fire fighting equipment such as automatic sprinkler
systems, fixed and portable fire extinguishers, fire dampers, inert gas
systems, and fire retardant bulkhead. These fire suppression chemicals are then
sprayed by means of fire extinguisher over the combustion zone, in order to
alleviate its temperature and thus eventually extinguish the fire.
Potassium bicarbonate is
projected to be the fastest growing segment in the chemicals category over the
forecast period with an estimated CAGR of 5.1% from 2017 to 2025. Potassium
bicarbonate is the only dry chemical certified by National Fire Protection
Agency (NFPA) U.S. for use in Aircraft Rescue and Fire Fighting (ARFF).
Potassium bicarbonate is also the most preferable dry chemical for use in oil
spill incidences on onshore & offshore drilling sites. It is a salty,
colorless and odorless chemical. These factors are projected to boost the
potassium bicarbonate segment growth over the forecast period.
Server rooms are utilized to
serve as a data center. These server rooms are kept air conditioned in order to
drive out the heat generated by the constant rapid activity of data
transferring. However, if in case the air conditioners malfunction it might
lead to heating up of the room and also cause a fire hazard. Owing to this
factor, fire dampers are utilized to stop the oxygen supply to the room in case
of fire occurrence. On account of this factor, fire dampers application segment
is expected to show a moderate to high growth rate over the forecast period. In
terms of volume, the fire dampers segment had a market share of 20.3% in 2016.
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Report On Fire Fighting Chemicals Market Analysis:
Further key findings from the report suggest:
·
The global fire fighting
chemicals demand in terms of revenue was USD 2.10 billion in 2016 and is
expected to grow at a CAGR of 3.9% from 2017 to 2025
·
Dry chemicals emerged as the
largest type segment in 2016 and is estimated to generate revenue over USD 1.09
billion by 2025
·
Fire retardant bulkhead is
anticipated to be the fastest growing application segment over the next eight
years and in terms of revenue is estimated to grow at a CAGR of 4.3%
·
The Asia Pacific region in
terms of revenue is anticipated to witness high growth at a CAGR of 6.2% by
2025. Increasing governmental initiative for fire safety and favorable
regulations are expected to propel the regional market growth
·
Key players of the industry
include Solvay S.A., EuroChem Group AG, Linde AG, Air Products & Chemicals,
Inc., and Praxair, Inc. These major players have forward integrated their
operations in order to gain competitive advantage in the market
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View Research At: www.grandviewresearch.com/industry/plastics-polymers-and-resins
Grand View Research has segmented the
global fire fighting chemicals market on the basis of type, chemicals,
application, and region:
Type Outlook (Volume, Kilotons;
Revenue, USD Million, 2014 - 2025)
·
Dry chemicals
·
Wet chemicals
·
Dry powder
·
Foam-based
Chemicals Outlook (Volume,
Kilotons; Revenue, USD Million, 2014 - 2025)
·
Monoammonium phosphate
·
Halon
·
Carbon dioxide
·
Potassium bicarbonate
·
Potassium citrate
·
Sodium chloride
·
Others
Application Outlook (Volume,
Kilotons; Revenue, USD Million, 2014 - 2025)
·
Portable fire extinguishers
·
Automatic fire sprinklers
·
Fire retardant bulkhead
·
Fire dampers
·
Others
Regional Outlook (Volume,
Kilotons; Revenue, USD Million, 2014 - 2025)
·
North America
o
U.S.
o
Canada
o
Mexico
·
Europe
o
UK
o
Russia
o
Germany
o
France
·
Asia Pacific
o
China
o
India
o
South Korea
·
Central & South America
o
Brazil
o
Argentina
·
Middle East & Africa
o
Saudi Arabia
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About Grand View Research
Grand View Research, Inc. is a U.S. based market research and
consulting company, registered in the State of California and headquartered in
San Francisco. The company provides syndicated research reports, customized
research reports, and consulting services. To help clients make informed
business decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
For more information: www.grandviewresearch.com/
