South Korea Fire Fighting Chemicals Market Report and Forecast 2024-2032

South Korea Fire Fighting Chemicals Market Size

The South Korea fire fighting chemicals market is projected to grow at a CAGR of 4.30% between 2024 and 2032.

South Korea Fire Fighting Chemicals Market Outlook

• According to the industry report, around 85 fire safety regulations are enacted in South Korea.

• As per Global Forest Watch, from 2001 to 2023, forest fires were responsible for the loss of approximately 6.8 per cent of tree covers.

• Portable fire extinguishers account for the largest South Korea firefighting chemicals market share as they can be quickly transported to the scene of fire.

South Korea Fire Fighting Chemicals Market Growth

Growing awareness regarding fire safety among the South Korean population is one of the major factors boosting the market growth. This has led to an increase in the adoption of firefighting chemicals and devices in household as well as commercial settings to tackle the fire hazard effectively. Increased infrastructure development has also fuelled the demand for fire safety solutions to ensure the protection of buildings and other structures.

Stringent government regulations regarding fire safety also mandate compliance with the fire safety standards. For instance, a newly constructed or remodelled building in the country must possess fire alarm detectors and extinguishers after the approval of the fire stations or fire defence headquarters.  Moreover, the National Emergency Management Agency offers necessary education to individuals regarding the transport and handling of dangerous substances, which can further create opportunities for firefighting chemicals.

With the expansion of the chemical and petrochemical sector in the country, there is a rising demand for specialised firefighting chemicals which are personalised to deal with these chemicals, aiding the market development. Market players are also investing in the production of firefighting chemicals which cause less environmental impact compared to the standard ones.

South Korea Fire Fighting Chemicals Industry Segmentation

“South Korea Fire Fighting Chemicals Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:

Market Breakup by Type

• Dry Chemicals 

• Wet Chemicals 

• Dry Powder 

• Foam-Based 

Market Breakup by Chemicals

• Monoammonium Phosphate 

• Halon 

• Carbon Dioxide 

• Potassium Bicarbonate 

• Potassium Citrate 

• Sodium Chloride 

• Others 

Market Breakup by Application

• Portable Fire Extinguishers 

• Automatic Sprinkler Systems 

• Fire Retardant Bulkhead 

• Fire Dampers 

• Others

South Korea Fire Fighting Chemicals Market Share

Fire extinguishers such as portable fire extinguishers have established themselves as one of the most prominent types of firefighting equipment. Different types of chemicals and substances are utilised in fire extinguishers depending upon their area of application. For example, hand-held extinguishers mainly utilise carbon dioxide and pressurised nitrogen, whereas dry powder fire extinguishers possess potassium bicarbonate as the leading chemical to prevent the chain combustion reaction.

Leading Companies in South Korea Fire Fighting Chemicals Market

The market players are investing in research and development to produce more effective fire fighting chemical formulations.

• Solvay S.A.

• Air Products and Chemicals, Inc.

• Linde Plc

• AutoFireX Ltd.

• Others

Key Highlights of the Report