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.
The Global Fire Fighting Chemicals Market is expected to reach USD 2.94 billion by 2025, according to a new report by Grand View Research, Inc.
The Global Fire Fighting Chemicals Market is expected to reach USD 2.94 billion by 2025, according to a new report by Grand View Research, Inc.
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.
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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.
Top Players of Fire Fighting Chemicals Market:
Key players of the industry include Solvay S.A., EuroChem Group AG, Linde AG, Air Products & Chemicals, Inc., and Praxair, Inc.
Market Segmentation of Fire Fighting Chemicals Market:
The Global Fire Fighting Chemicals Market segmented on the basis of Type, Chemicals, Application, and Region.
By Type:
Dry chemicals
Wet chemicals
Dry powder
Foam-based
By Chemical:
Monoammonium phosphate
Halon
Carbon dioxide
Potassium bicarbonate
Potassium citrate
Sodium chloride
By Application:
Portable fire extinguishers
Automatic fire sprinklers
Fire retardant bulkhead
Fire dampers
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