Halon 1301’s exceptional effectiveness in suppressing fires and its property of being used in spaces occupied by humans without harming them or the surroundings and leaving no residue had made it the one and only choice for end users. With the ban on production of Halon 1301, the alternatives developed have not been able to better or even match the cost and efficiency standards set by Halon, holding back the overall market development. Alternative fire suppression methods need more quantity of agents to fight a fire of similar scale and are costlier. These factors negate their advantage of lower ozone depletion and lesser impact on the environment. Market participants have to develop alternatives that are cost effective and environmentally sustainable in the long term.