Market Overview:
The global fire resistant fluid market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for fire resistant fluids in various end-use industries, such as automotive, aviation, energy production, iron & steel industry, petrochemical and others. In addition, the growing awareness about safety and security among consumers is also propelling the demand for fire resistant fluids across the globe. Based on type, high water fluids accounted for a major share of the global fire resistant fluid market in 2017. This segment is projected to grow at a CAGR of 5.8% during the forecast period from 2018 to 2030 due to its properties such as low viscosity and good thermal stability that make it suitable for use in various applications such as automotive and aviation industries.
Product Definition:
A fire resistant fluid is a liquid that is used to extinguish or suppress fires. It is important because it can help to prevent the spread of fire and minimize damage.
High Water Fluids:
High water fluids are used to extinguish fire by forming a layer between the base material and the burning object. The high surface area of these products allows rapid absorption of heat, thus increasing its effectiveness. It can also be used for cooling objects as it cools down the temperature of the immediate environment around it.
HWF is produced using various chemicals including salts, sugars, proteins & organic acids along with dextrose (a glucose polymer).
Water Glycol Fluids:
Water-based glycol fluids are widely used in fire-resistant fluid applications. They offer excellent thermal stability and low volatility, which makes them ideal for use in high heat environments. Water-based glycol fluids also have a lower vapor pressure than most of the water, making it suitable to be used as a substitute for traditional water based products such as water gels or hydrogels.
Application Insights:
The energy production segment dominated the overall industry in terms of revenue share in 2017. The growth can be attributed to the increasing use of fire resistant fluids in power plants and other industrial facilities that operate on a high-risk environment. In addition, stringent government regulations regarding safety at oil and gas refineries have resulted in increased demand for fire resistant fluids across this sector over the recent past.
The automotive sector is expected to emerge as one of the prominent application sectors over the forecast period owing to rising product penetration for protection against vehicle fires during emergencies such as natural disasters or terrorist attacks. Furthermore, growing concerns about vehicle loss and damage due to accidents caused by human error are likely drive this market further during this period.
Regional Analysis:
Asia Pacific dominated the global fire resistant fluids market in 2016 and is expected to continue its dominance over the forecast period. The presence of major automobile manufacturers such as Toyota, Honda, Nissan and Suzuki coupled with a large consumer base for passenger vehicles is anticipated to drive product demand in Asia Pacific. In addition, rapid industrialization along with increasing energy needs are likely to propel growth over the next eight years.
The iron & steel industry has witnessed significant development across several countries of Europe owing to rising demand from construction sector as well as automotive industry. Moreover, growing oil & gas exploration activities are projected to fuel product consumption across this region during the forecast period.
North America accounted for a share of more than 15% in 2016 owing both volume.
Growth Factors:
- Increasing demand for fire resistant fluids from the oil and gas industry as a result of increasing exploration and production activities
- Growing demand for fire resistant fluids from the metal fabrication industry to protect equipment and facilities against fires
- Rising use of fire resistant fluids in transportation sector to prevent accidental fires
- Increasing awareness about benefits of using fire resistant fluids among end-users
- Technological advancements that lead to development of new and improved formulations of fire resistant fluids
Scope Of The Report
Report Attributes
Report Details
Report Title
Fire Resistant Fluid Market Research Report
By Type
High Water Fluids, Water Glycol Fluids, Synthetic Fire Resistant Fluids, Other
By Application
Automotive, Aviation, Energy Production, Iron & Steel Industry, Petrochemical, Other
By Companies
Shell, BP PlC, Chevron Corporation, ConocoPhillips Lubricants, Exxon Mobil Corporation, Dow Chemical, Chemtura, Esso S.A.F., Fuchs Petrolub, Idemitsu Kosan, IndianOil, Lukoil Oil, JX Nippon Oil & Energy, Ashland, Petrofer Industrial Oils and Chemicals, Quaker Chemical, Valvoline, Sinopec Corporation, Total S.A.
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
249
Number of Tables & Figures
175
Customization Available
Yes, the report can be customized as per your need.
Global Fire Resistant Fluid Market Report Segments:
The global Fire Resistant Fluid market is segmented on the basis of:
Types
High Water Fluids, Water Glycol Fluids, Synthetic Fire Resistant Fluids, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Automotive, Aviation, Energy Production, Iron & Steel Industry, Petrochemical, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Shell
- BP PlC
- Chevron Corporation
- ConocoPhillips Lubricants
- Exxon Mobil Corporation
- Dow Chemical
- Chemtura
- Esso S.A.F.
- Fuchs Petrolub
- Idemitsu Kosan
- IndianOil
- Lukoil Oil
- JX Nippon Oil & Energy
- Ashland
- Petrofer Industrial Oils and Chemicals
- Quaker Chemical
- Valvoline
- Sinopec Corporation
- Total S.A.
Highlights of The Fire Resistant Fluid Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- High Water Fluids
- Water Glycol Fluids
- Synthetic Fire Resistant Fluids
- Other
- By Application:
- Automotive
- Aviation
- Energy Production
- Iron & Steel Industry
- Petrochemical
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Fire Resistant Fluid Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Fire resistant fluid is a type of hydraulic fluid that helps protect hydraulic systems from fire. It is made up of a variety of liquids and solids, and it is designed to resist burning and melting.
Some of the key players operating in the fire resistant fluid market are Shell, BP PlC, Chevron Corporation, ConocoPhillips Lubricants, Exxon Mobil Corporation, Dow Chemical, Chemtura, Esso S.A.F., Fuchs Petrolub, Idemitsu Kosan, IndianOil, Lukoil Oil, JX Nippon Oil & Energy, Ashland, Petrofer Industrial Oils and Chemicals, Quaker Chemical, Valvoline, Sinopec Corporation, Total S.A..
The fire resistant fluid market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Fire Resistant Fluid Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Fire Resistant Fluid Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Fire Resistant Fluid Market - Supply Chain
4.5. Global Fire Resistant Fluid Market Forecast
4.5.1. Fire Resistant Fluid Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Fire Resistant Fluid Market Size (000 Units) and Y-o-Y Growth
4.5.3. Fire Resistant Fluid Market Absolute $ Opportunity
5. Global Fire Resistant Fluid Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Fire Resistant Fluid Market Size and Volume Forecast by Type
5.3.1. High Water Fluids
5.3.2. Water Glycol Fluids
5.3.3. Synthetic Fire Resistant Fluids
5.3.4. Other
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Fire Resistant Fluid Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Fire Resistant Fluid Market Size and Volume Forecast by Application
6.3.1. Automotive
6.3.2. Aviation
6.3.3. Energy Production
6.3.4. Iron & Steel Industry
6.3.5. Petrochemical
6.3.6. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Fire Resistant Fluid Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Fire Resistant Fluid Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Fire Resistant Fluid Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Fire Resistant Fluid Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Fire Resistant Fluid Demand Share Forecast, 2019-2026
9. North America Fire Resistant Fluid Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Fire Resistant Fluid Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Fire Resistant Fluid Market Size and Volume Forecast by Application
9.4.1. Automotive
9.4.2. Aviation
9.4.3. Energy Production
9.4.4. Iron & Steel Industry
9.4.5. Petrochemical
9.4.6. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Fire Resistant Fluid Market Size and Volume Forecast by Type
9.7.1. High Water Fluids
9.7.2. Water Glycol Fluids
9.7.3. Synthetic Fire Resistant Fluids
9.7.4. Other
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Fire Resistant Fluid Demand Share Forecast, 2019-2026
10. Latin America Fire Resistant Fluid Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Fire Resistant Fluid Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Fire Resistant Fluid Market Size and Volume Forecast by Application
10.4.1. Automotive
10.4.2. Aviation
10.4.3. Energy Production
10.4.4. Iron & Steel Industry
10.4.5. Petrochemical
10.4.6. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Fire Resistant Fluid Market Size and Volume Forecast by Type
10.7.1. High Water Fluids
10.7.2. Water Glycol Fluids
10.7.3. Synthetic Fire Resistant Fluids
10.7.4. Other
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Fire Resistant Fluid Demand Share Forecast, 2019-2026
11. Europe Fire Resistant Fluid Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Fire Resistant Fluid Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Fire Resistant Fluid Market Size and Volume Forecast by Application
11.4.1. Automotive
11.4.2. Aviation
11.4.3. Energy Production
11.4.4. Iron & Steel Industry
11.4.5. Petrochemical
11.4.6. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Fire Resistant Fluid Market Size and Volume Forecast by Type
11.7.1. High Water Fluids
11.7.2. Water Glycol Fluids
11.7.3. Synthetic Fire Resistant Fluids
11.7.4. Other
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Fire Resistant Fluid Demand Share, 2019-2026
12. Asia Pacific Fire Resistant Fluid Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Fire Resistant Fluid Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Fire Resistant Fluid Market Size and Volume Forecast by Application
12.4.1. Automotive
12.4.2. Aviation
12.4.3. Energy Production
12.4.4. Iron & Steel Industry
12.4.5. Petrochemical
12.4.6. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Fire Resistant Fluid Market Size and Volume Forecast by Type
12.7.1. High Water Fluids
12.7.2. Water Glycol Fluids
12.7.3. Synthetic Fire Resistant Fluids
12.7.4. Other
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Fire Resistant Fluid Demand Share, 2019-2026
13. Middle East & Africa Fire Resistant Fluid Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Fire Resistant Fluid Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Fire Resistant Fluid Market Size and Volume Forecast by Application
13.4.1. Automotive
13.4.2. Aviation
13.4.3. Energy Production
13.4.4. Iron & Steel Industry
13.4.5. Petrochemical
13.4.6. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Fire Resistant Fluid Market Size and Volume Forecast by Type
13.7.1. High Water Fluids
13.7.2. Water Glycol Fluids
13.7.3. Synthetic Fire Resistant Fluids
13.7.4. Other
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Fire Resistant Fluid Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Fire Resistant Fluid Market: Market Share Analysis
14.2. Fire Resistant Fluid Distributors and Customers
14.3. Fire Resistant Fluid Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Shell
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. BP PlC
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Chevron Corporation
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. ConocoPhillips Lubricants
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Exxon Mobil Corporation
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Dow Chemical
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Chemtura
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Esso S.A.F.
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Fuchs Petrolub
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Idemitsu Kosan
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. IndianOil
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Lukoil Oil
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. JX Nippon Oil & Energy
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Ashland
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Petrofer Industrial Oils and Chemicals
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Quaker Chemical
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Valvoline
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Sinopec Corporation
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. Total S.A.
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook