Within the report, based on type, the firefighting foam market has been segmented into AFFF, AR-AFFF, PF, synthetic detergent foam, and others. The AFFF foam segment accounted for the largest share of the firefighting foam market in 2017 and is projected to grow at the highest CAGR during the forecast period. AFFF foam is widely used for oil-based fires and hence is preferred by the oil & gas industry. Due to the higher risk of fire accidents in the oil & gas industry, the demand for AFFF is high.

The oil & gas industry segment is expected to grow at the highest CAGR in the firefighting foam market during the forecast period, 2018-2023. Demand for firefighting foam is high in the oil & gas industry due to a higher risk of fire accidents in oil-based fires as various activities in the upstream and downstream sector pose risks. Hence there is a high demand for firefighting foam in this industry as a precautionary measure.

Growth of the APAC firefighting foam market can be attributed to the increasing demand from the oil & gas industry. Countries in the APAC are witnessing an increasing demand for energy which is expected to lead to the increasing establishment of refineries and processing units in the region. This is expected to drive the demand for firefighting foam in the region.

Johnson Controls, The Solberg, Dr. Sthamer, Nationa Foam,, Angus Fire, Kerr Fire, Eau&Feu, DIC Corporation, and SFFECO Global are some of the key players cited by the researches as operating in the firefighting foam market.