Firefighting Chemicals Market Trends in Japan and Future Share, Business and Forecast by 2029
Posted on Jun 16 2022 9:24 AM
"Companies covered in the firefighting chemicals market are Tyco International, Firechem, Linde, Chemguard, Orchidee Europe BVBA, Merck, Perimeter Solutions, Solvay S.A. and more players profiled. "
In the global market, chemical industry is the second largest manufacturing industry in Japan. In recent years, the Japanese chemical industry was the fourth largest industry globally following China, the United States, and Germany. Furthermore The Japanese chemical industry is dominated by a group of major corporations and tech Giants. The chemical industry is the backbone of Japan’s economy.
The global firefighting chemicals market size is expected to register a prolific growth trajectory owing to the frequent occurrence of fire-related accidents at the workplace in the past decade, finds Fortune Business Insights™ in its report, With workplaces becoming more complex with large machineries and combustion-friendly materials, fire incidents have risen correspondingly in past 10 years, especially in hazardous settings such as oil rigs and chemical plants. For example, in 2010, the Deepwater Horizon explosion in the Gulf of Mexico caused a massive fire, killing 11 workers, injuring 17 others, and resulting in a massive oil spill.
More recently, in 2019, a fire erupted in a garment factory in New Delhi, India that killed 43 workers. Firefighting chemicals play a critical role in mounting a response to such adverse events and as the risk of fires and explosions increases in factories and plants, the need for these materials is likely to heighten in the upcoming years.
Get Sample PDF Brochure:-
What Does the Report Offer?
Comprehensive assessment of the factors driving and restraining the market;
Granular analysis of all possible market segments;
In-depth evaluation of the key market players and their strategies; and
Exhaustive research into the regional dynamics shaping the market growth.
Rising Incidence of Wildfires to Surge the Demand for Flame Retardants
One of the major factors driving the firefighting chemicals market growth is the rising incidence of forest fires, especially in the US. According to the National Interagency Fire Center (NIFC), in 2019, 50,477 wildfires burned 4.7 million acres of land across the US. As of September 2020, the NIFC estimates that 40,000 forest fires have burned 4.0 million acres in the current year. Similarly, in Australia, massive bushfires killed 33 people and ravaged 11 million hectares of parks, forests, and bushes across the country in January 2020. Firefighting chemicals have been heavily utilized in containing the spread of these fires. To fight the wildfires in Australia, authorities sanctioned the use of fire retardants which contained fertilizer mixed with water and other chemicals to slow the burning process. Similar steps were taken in 2017 in the US, when wildfires were raging across Southern California and the chemical flame retardant called Phos-Chek was deployed. Thus, high dependency on fire-fighting materials to curb natural fires will foster long-term growth of the market.
Ask for Customization:
North America to Lead the Pack Backed by Strict Workplace Fire Safety Laws
Asia Pacific is expected to present lucrative opportunities for market players on account of rapid industrial growth in India and China and the increasing intensity of wildfires in Australia. In Europe, the market will be primarily driven by the stringent safety guidelines imposed by bodies such as the European Automobile Manufacturers Association and Fire Safe Europe for safeguarding workers’ from hazardous work environments.
Among regions, North America is expected to lead the firefighting chemicals market share for the foreseeable future. This is owing to the strict implementation of workplace safety laws by the Occupational Safety and Health Administration (OSHA) and the National Highway Traffic Safety Administration (NHTSA).
Key Player to Devise Strategies to Solidify Market Position
With a view to cement their position in this market, key players are adopting different strategies. Prominent among these is the acquisition of rival companies, which gives the dominant players a decisive edge in the competitive milieu of this market. Apart from this, companies are ramping up investments in R&D to create fire-fighting solutions that are eco-friendly yet efficient and effective.
October 2019: Netherlands-based Arcadis inked a deal with EVOCRA, which will give Arcadis exclusive rights to EVOCRA’s renowned PFAS firefighting solutions. The technology has already been approved for two projects in Australia and will strengthen Arcadis’ own portfolio of PFAS products.
January 2019: Perimeter Solutions announced the successful acquisition of Solberg, Amerex Corporation’s firefighting business arm. The acquisition will deepen Perimeter’s footprint in the fire safety industry, allowing it to add Solberg’s advanced firefight foam concentrate technologies to its own range of offerings.
List of Key Players Covered in the Firefighting Chemicals Market Report:
- Tyco International
- Orchidee Europe BVBA
- Perimeter Solutions
- Solvay S.A.
Inquire Before Buying This Report:
Fortune Business Insights™ delivers accurate data and innovative corporate analysis, helping organizations of all sizes make appropriate decisions. We tailor novel solutions for our clients, assisting them to address various challenges distinct to their businesses. Our aim is to empower them with holistic market intelligence, providing a granular overview of the market they are operating in.
Fortune Business Insights Pvt. Ltd.9th Floor, Icon Tower, Baner –
Mahalunge Road, Baner, Pune-411045,
US: +1 424 253 0390
UK: +44 2071 939123
APAC: +91 744 740 1245
Email: [email protected]
Fortune Business Insights Pvt Ltd
Company Press Release
- Hydraulic Belt Tensioner Market| 2023 Size, Share, Trends, Merger, Demand, Sales, Growth, Competitive Landscape And Regional Outlook With Global Industry Forecast To 2030
- Automotive Glove Box Market| 2023 Size, Share, Trends, Merger, Demand, Sales, Growth, Competitive Landscape And Regional Outlook With Global Industry Forecast To 2030
- Automotive Fuse Box Market| 2023 Size, Share, Trends, Merger, Demand, Sales, Growth, Competitive Landscape And Regional Outlook With Global Industry Forecast To 2030
- Automotive Fault Circuit Controllers Market| 2023 Size, Share, Trends, Merger, Demand, Sales, Growth, Competitive Landscape And Regional Outlook With Global Industry Forecast To 2030
- Automotive Engine Degreasers Market| 2023 Size, Share, Trends, Merger, Demand, Sales, Growth, Competitive Landscape And Regional Outlook With Global Industry Forecast To 2030