Market Overview:
The global perfluoroketone (PFK) fire extinguishing agent market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for PFK fire extinguishing agents from commercial and industrial applications, globally. In terms of volume, the commercial application segment is projected to account for the majority share of the global PFK fire extinguishing agent market during the forecast period. However, in terms of value, the industrial application segment is expected to register higher growth than other segments during 2018-2030. Regionally, North America dominates the global PFK fire extinguishing agent market followed by Europe and Asia Pacific respectively.
 Fire Extinguishing Agent Industry Outlook.svg)
Product Definition:
Perfluoroketone (PFK) is an important fire extinguishing agent. It smothers fires by displacing oxygen and preventing combustion.
C4:
C4 is also known as perfluorooctanoic acid. It is a chemical, which belongs to the family of chemicals known as halogenated derivatives of carbon and fluorspar. C4 acts as an efficient fire extinguishing agent by combining with water to form a foam that contains non-flammable substances and can be easily removed from the surface by water or milk.
C5:
C5 is a fire extinguishing agent used in powdered form for firefighting foams. It has low toxicity and can be easily handled by firefighters. C5 is produced from carbon and hydrogen, which are derived from natural gas or petroleum refining processes.
Application Insights:
The global market is segmented by application into commercial and industrial. The commercial sector dominated the overall industry in terms of revenue in 2017, owing to growing construction and automotive industries across the globe. Increasing fire safety regulations are also driving the demand for perflouroketone extinguishers in this sector.
Increasing use of PFK extinguishing agents by major oil & gas companies including StatoilHydro, RepsolSacyrVitolENI is expected to drive growth over the forecast period as these companies operate on a large scale with high-risk activities leading to increased incidence of fire accidents at their facilities worldwide.
PFK extinguishers are used extensively during industrial processes such as chemical processing, paper bleaching, refining etc.
Regional Analysis:
North America dominated the global market in 2017. The U.S., in particular, is a major consumer owing to the presence of key manufacturers such as 3M and Honeywell International Inc. In addition, stringent government regulations for fire safety are expected to drive demand over the forecast period. Asia Pacific is estimated to be the fastest-growing regional market from 2018 to 2030 due to rapid industrialization coupled with rising commercial construction activities in emerging economies including China and India.
The Latin American region accounted for a significant share of 5% pertaining towards growth through migration (LTMM) theory which states that individuals migrate toward higher paying jobs or places within their own country or region based on their skills.
Growth Factors:
- Increasing demand for fire extinguishing agents in end-use industries such as construction, automotive, and electrical & electronics
- Growing awareness about the benefits of using PFK fire extinguishing agent over traditional agents
- Rising investments in research and development to develop new applications for PFK fire extinguishing agent
- Technological advancements that have led to the development of more efficient and safe PFK fire extinguishing agents
- Stringent safety norms across various end-use industries
Scope Of The Report
Report Attributes
Report Details
Report Title
Perfluoroketone (PFK) Fire Extinguishing Agent Market Research Report
By Type
C4, C5, C6, Others
By Application
Commercial, Industrial
By Companies
3M, Honeywell, Changlu Fluorochemicals, Beijing Hangtian Kangda, Zhejiang NOAH Fluorochemical, Coolib, Shandong Tiankangda Security
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
166
Number of Tables & Figures
117
Customization Available
Yes, the report can be customized as per your need.
Global Perfluoroketone (PFK) Fire Extinguishing Agent Market Report Segments:
The global Perfluoroketone (PFK) Fire Extinguishing Agent market is segmented on the basis of:
Types
C4, C5, C6, Others
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
Commercial, Industrial
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:
- 3M
- Honeywell
- Changlu Fluorochemicals
- Beijing Hangtian Kangda
- Zhejiang NOAH Fluorochemical
- Coolib
- Shandong Tiankangda Security
 Fire Extinguishing Agent Market Overview.svg)
Highlights of The Perfluoroketone (PFK) Fire Extinguishing Agent 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:
- C4
- C5
- C6
- Others
- By Application:
- Commercial
- Industrial
- 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 Perfluoroketone (PFK) Fire Extinguishing Agent 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.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
 Fire Extinguishing Agent Market Statistics.svg)
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?
PFK is a fire extinguishing agent that uses the chemical reaction of fluorine and carbon dioxide to create a foam.
Some of the key players operating in the perfluoroketone (pfk) fire extinguishing agent market are 3M, Honeywell, Changlu Fluorochemicals, Beijing Hangtian Kangda, Zhejiang NOAH Fluorochemical, Coolib, Shandong Tiankangda Security.
The perfluoroketone (pfk) fire extinguishing agent market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Perfluoroketone (PFK) Fire Extinguishing Agent Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Perfluoroketone (PFK) Fire Extinguishing Agent Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Perfluoroketone (PFK) Fire Extinguishing Agent Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Perfluoroketone (PFK) Fire Extinguishing Agent Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Perfluoroketone (PFK) Fire Extinguishing Agent Market Size & Forecast, 2020-2028
4.5.1 Perfluoroketone (PFK) Fire Extinguishing Agent Market Size and Y-o-Y Growth
4.5.2 Perfluoroketone (PFK) Fire Extinguishing Agent Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 C4
5.2.2 C5
5.2.3 C6
5.2.4 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Commercial
6.2.2 Industrial
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Perfluoroketone (PFK) Fire Extinguishing Agent Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Perfluoroketone (PFK) Fire Extinguishing Agent Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 C4
9.6.2 C5
9.6.3 C6
9.6.4 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Commercial
9.10.2 Industrial
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 C4
10.6.2 C5
10.6.3 C6
10.6.4 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Commercial
10.10.2 Industrial
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 C4
11.6.2 C5
11.6.3 C6
11.6.4 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Commercial
11.10.2 Industrial
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 C4
12.6.2 C5
12.6.3 C6
12.6.4 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Commercial
12.10.2 Industrial
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 C4
13.6.2 C5
13.6.3 C6
13.6.4 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Commercial
13.10.2 Industrial
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Perfluoroketone (PFK) Fire Extinguishing Agent Market: Competitive Dashboard
14.2 Global Perfluoroketone (PFK) Fire Extinguishing Agent Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 3M
14.3.2 Honeywell
14.3.3 Changlu Fluorochemicals
14.3.4 Beijing Hangtian Kangda
14.3.5 Zhejiang NOAH Fluorochemical
14.3.6 Coolib
14.3.7 Shandong Tiankangda Security
