Firefighting Chemicals Market to Expand with Significant CAGR During 2025
The
global firefighting chemicals market is benefitting from rising
safety concerns and adoption of necessary measures to combat
accidental fires. Governmental agencies in several parts of the world
have laid safety regulations that necessitate residential and
commercial buildings to be equipped with basic firefighting apparatus
to protect life and property in the event of an eventuality.
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Report Overview @
The
report segregates the global firefighting chemicals market as per
extinguisher type, chemical type, and region.
The
report is a meticulous compilation of key aspects that are important
to chart the growth trajectory of the global firefighting chemicals
market. Each aspect is analyzed at length to provide a satisfactory
analysis of the market’s future.
Global
Firefighting Chemicals Market: Trends and Opportunities
Factors
such as rising industrialization and movement of people from rural to
urban areas for work opportunities have led to the construction of
high skyscrapers for commercial and residential needs. These
high-rise buildings, however, are prone to accidents, and a minor
electrical breakdown or short circuit could result in a massive fire.
This is necessitating the installation of fire safety equipment such
as fire extinguishers, hoses, and reels in high-rise buildings to
prevent loss of life and property in the event of accidental fires.
Increasing
adoption of fire safety measures that have been mandated by
governments and regulatory agencies in several parts of the world are
likely to propel the firefighting chemicals market. For instance, dry
chemicals based fire extinguishers are used against fires as they
help to remove two vertices of the fire triangle. Dry chemicals are
used to remove heat or fuel from other components of the fire. Dry
chemicals are used for class A fire (ordinary combustibles such as
cloth, wood, or plastics), class B fire, class C fire, and class D
fire (metal fires).
Rapid
urbanization leading to a soaring number of restaurants and eating
joints is also benefitting the firefighting chemicals market. Wet
chemicals are used to extinguish class K fires (greases and cooking
oils) to remove the heat of fire triangles in commercial cooking
operations Foams are also used for fire extinguishing to interrupt
oxygen supply. Foams are of various types such as class A foams,
synthetic foams, class B foams, and protein foams.
In
industrial operations, mandates for fire safety to protect loss of
life and property is also favoring the firefighting chemicals market.
Carbon dioxide is used to extinguish fires in inflammable liquids and
electrical equipment such as motors and transformers. Potassium
bicarbonate is anticipated to emerge as a key chemical type segment
in the firefighting chemicals market.
Global
Firefighting Chemicals Market: Geographical Analysis
The
global firefighting chemicals market is examined across North
America, Latin America, Asia Pacific, Europe, and the Middle East and
Africa. Of them, Asia Pacific is anticipated to account for
significant revenue contribution to the overall market during the
forecast period. North America and Europe firefighting chemicals
market are likely to surge at an impressive pace owing to the
continual construction of new high-rise buildings that need to be
equipped with fire safety apparatus.
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On
the other hand, Latin America and the Middle East and Africa
firefighting chemicals market are likely to display sluggish growth
due to lack of fire safety regulations for commercial and residential
buildings and lack of knowledge regarding the importance of fire
safety equipment in high-rise buildings to combat accidental fires.
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