[Latest] Global Fire Alarm Equipment Market Size/Share Worth USD 69,862.2 Million by 2034 at a 6.8% CAGR: Custom Market Insights (Analysis, Outlook, Leaders, Report, Trends, Forecast, Segmentation, Growth Rate, Value, SWOT Analysis)
Austin, TX, USA, June 24, 2025 (GLOBE NEWSWIRE) -- Custom Market Insights has published a new research report titled 'Fire Alarm Equipment Market Size, Trends and Insights By Product Type (Smoke Detectors, Heat Detectors, Flame Detectors, Manual Call Points, Fire Alarm Panels, Notification Devices, Others), By Alarm Type (Audible Alarms, Visual Alarms, Manual Call-points Alarms), By End-User Industry (Construction, Oil & Gas, Healthcare, Banking, Financial Services, and Insurance (BFSI), Hospitality, Education, Retail, Manufacturing, Transportation & Logistics, Government, Others), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2024–2033' in its research database.'According to the latest research study, the demand of global Fire Alarm Equipment Market size & share was valued at approximately USD 36,185.1 Million in 2024 and is expected to reach USD 38,645.7 Million in 2025 and is expected to reach a value of around USD 69,862.2 Million by 2034, at a compound annual growth rate (CAGR) of about 6.8% during the forecast period 2025 to 2034.'
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Fire Alarm Equipment Market Growth Factors
Increasing Stringency of Safety Regulations: The stringent enforcement of fire safety regulations and building codes globally is a significant driver for the fire alarm equipment market. Authorities and regulatory bodies impose strict requirements for fire detection and alarm systems in commercial, residential, and industrial buildings to ensure the safety of occupants, thereby driving the demand for fire alarm equipment.
Rising Awareness about Fire Safety: Growing awareness among individuals, businesses, and governments about the importance of fire safety measures is fueling the demand for advanced fire alarm equipment. High-profile fire incidents and increased emphasis on preventive measures have led to greater investments in fire detection and alarm systems, contributing to market growth.
Technological Advancements: Ongoing technological advancements in fire alarm equipment, including the development of smart and wireless systems, enhanced sensor technologies, and integration with building automation systems, are driving market growth. These innovations improve the efficiency, reliability, and functionality of fire alarm systems, leading to increased adoption across various end-user industries.
Rapid Urbanization and Infrastructure Development: The rapid pace of urbanization and infrastructure development in emerging economies is creating significant opportunities for the fire alarm equipment market. The construction of new commercial complexes, residential buildings, industrial facilities, and public infrastructure projects necessitates the installation of modern fire detection and alarm systems, driving market expansion.
Focus on Property Protection and Loss Prevention: Businesses across industries are increasingly recognizing the importance of property protection and loss prevention measures, including fire detection and alarm systems. The implementation of comprehensive fire safety solutions helps safeguard assets and infrastructure and minimizes the risk of business interruption and financial losses, thereby driving demand for fire alarm equipment.
Growing Adoption of Smart Buildings and IoT: The increasing adoption of smart building technologies and the Internet of Things (IoT) is influencing the fire alarm equipment market. Integration of fire alarm systems with building management systems allows for centralized monitoring, remote access, and automated response capabilities, enhancing overall building safety and operational efficiency.
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Fire Alarm Equipment Market: Partnership and Acquisitions
In 2023, Honeywell introduced the Morley-IAS Max fire detection and alarm system, designed to elevate building and occupant safety. This advanced system utilizes cutting-edge technology to provide reliable and effective fire detection and alarm capabilities, ensuring enhanced protection in various environments.
In 2022, Johnson Controls launched the FireClass range, offering open-protocol fire detection products for enhanced safety in various settings. This comprehensive line of industry-approved products aims to create safer and more secure environments in commercial, residential, corporate, retail, leisure, care home, manufacturing, and warehouse facilities.
Report Scope
Feature of the Report
Details
Market Size in 2024
USD 38,645.7 Million
Projected Market Size in 2033
USD 69,862.2 Million
Market Size in 2023
USD 36,185.1 Million
CAGR Growth Rate
6.8% CAGR
Base Year
2023
Forecast Period
2024-2033
Key Segment
By Product Type, Alarm Type, End-User Industry and Region
Report Coverage
Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America
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Fire Alarm Equipment Market: COVID-19 Analysis
The COVID-19 pandemic has significantly impacted the Fire Alarm Equipment Market, with the industry experiencing both positive and negative effects. Here are some of the key impacts:
Disruption in Construction Activities: During the initial phases of the COVID-19 pandemic, many construction projects were put on hold or delayed due to lockdowns, supply chain disruptions, and economic uncertainties. This situation caused a slowdown in the installation of fire alarm equipment, especially in new construction projects, which negatively affected market growth.
Deferred Maintenance and Upgrades: With businesses facing financial challenges and prioritizing essential expenditures, non-essential projects, including maintenance and upgrades of fire alarm systems, were often deferred or canceled. This resulted in reduced demand for replacing and retrofitting existing fire alarm equipment during the pandemic.
Resumption of Construction Activities: As economies gradually reopen and construction activities resume, the demand for fire alarm equipment is expected to rebound. Governments' stimulus packages and infrastructure investments aimed at revitalizing economies post-pandemic are likely to drive construction projects, thereby boosting the installation of fire alarm systems in new buildings.
Emphasis on Workplace Safety: The COVID-19 pandemic has heightened awareness about workplace safety and health. Businesses are expected to prioritize employee well-being and safety measures, including fire detection and alarm systems, as part of their overall risk management strategies. This renewed focus on workplace safety could stimulate demand for fire alarm equipment in commercial and industrial settings.
Regulatory Compliance: The enforcement of fire safety regulations and building codes is unlikely to wane post-pandemic. Governments and regulatory authorities may even strengthen fire safety requirements in response to lessons learned from the pandemic, further driving the adoption of fire alarm equipment to ensure compliance.
Technological Innovation: The fire alarm equipment market is characterized by continuous technological advancements. Manufacturers are expected to innovate and introduce new products that address emerging needs and challenges, such as touchless interfaces, remote monitoring capabilities, and integration with health monitoring systems, to adapt to the evolving post-pandemic landscape.
In conclusion, the COVID-19 pandemic has had a mixed impact on the market for fire alarm equipment, with some challenges and opportunities arising from the pandemic.
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Key questions answered in this report:
What is the size of the Fire Alarm Equipment market and what is its expected growth rate?
What are the primary driving factors that push the Fire Alarm Equipment market forward?
What are the Fire Alarm Equipment Industry's top companies?
What are the different categories that the Fire Alarm Equipment Market caters to?
What will be the fastest-growing segment or region?
In the value chain, what role do essential players play?
What is the procedure for getting a free copy of the Fire Alarm Equipment market sample report and company profiles?
Key Offerings:
Market Share, Size & Forecast by Revenue | 2025−2034
Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Leading Trends
Market Segmentation – A detailed analysis by Types of Services, by End-User Services, and by regions
Competitive Landscape – Top Key Vendors and Other Prominent Vendors
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Fire Alarm Equipment Market Regional Analysis
The Fire Alarm Equipment Market is segmented into various regions, including North America, Europe, Asia-Pacific, and LAMEA. Here is a brief overview of each region:
North America: In North America, fire alarm equipment trends focus on advanced technology integration and regulatory compliance. This region sees a significant emphasis on the integration of fire alarm systems with building automation and IoT platforms, allowing for centralized monitoring and control. Additionally, trends include the adoption of wireless and addressable fire alarm systems for easier installation and maintenance. Regulatory compliance drives demand for high-quality, UL-listed fire alarm equipment meeting stringent safety standards.
Europe: Europe prioritizes sustainability and energy efficiency in fire alarm equipment trends. This region witnesses a growing demand for eco-friendly and energy-efficient fire alarm systems, incorporating features such as LED notification devices and low-power consumption components. Additionally, there is a trend toward voice evacuation systems with multilingual capabilities to accommodate diverse populations. European markets also focus on compliance with EN54 standards, driving innovation in fire detection technology.
Asia-Pacific: The Asia-Pacific region experiences rapid urbanization and infrastructure development, driving demand for fire alarm equipment with scalable and cost-effective solutions. Trends include the adoption of wireless fire alarm systems for flexible installation in high-rise buildings and smart cities. Additionally, there's a focus on localized solutions tailored to diverse cultural and linguistic preferences. Asia-Pacific markets also witness technological innovation, such as the use of AI-powered fire detection algorithms for improved accuracy and reliability.
LAMEA (Latin America, Middle East, and Africa): The LAMEA region sees trends in fire alarm equipment focusing on resilience and adaptability to harsh environmental conditions. This region experiences a demand for ruggedized fire alarm systems capable of withstanding extreme temperatures and humidity levels. Trends also include the integration of fire alarm systems with emergency communication networks for timely evacuation in disaster-prone areas. Additionally, there's a growing emphasis on compliance with local fire safety regulations and standards to ensure effective fire prevention and response.
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Browse the full 'Fire Alarm Equipment Market Size, Trends and Insights By Product Type (Smoke Detectors, Heat Detectors, Flame Detectors, Manual Call Points, Fire Alarm Panels, Notification Devices, Others), By Alarm Type (Audible Alarms, Visual Alarms, Manual Call-points Alarms), By End-User Industry (Construction, Oil & Gas, Healthcare, Banking, Financial Services, and Insurance (BFSI), Hospitality, Education, Retail, Manufacturing, Transportation & Logistics, Government, Others), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2024–2033' Report at https://www.custommarketinsights.com/report/fire-alarm-equipment-market/List of the prominent players in the Fire Alarm Equipment Market:
Honeywell International Inc.
Johnson Controls International plc
Siemens AG
Bosch Security Systems
Tyco Fire Protection Products
Hochiki Corporation
Gentex Corporation
United Technologies Corporation (UTC)
Notifier by Honeywell
Securiton AG
Fike Corporation
Mircom Group of Companies
Apollo Fire Detectors Ltd.
Xtralis (now part of Honeywell)
Edwards
Others
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The We have segmented the Fire Alarm Equipment Market as follows:
By Product Type
Smoke Detectors
Heat Detectors
Flame Detectors
Manual Call Points
Fire Alarm Panels
Notification Devices
Others
By Alarm Type
Audible Alarms
Visual Alarms
Manual Call-points Alarms
By End-User Industry
Construction
Oil & Gas
Healthcare
Banking, Financial Services, and Insurance (BFSI)
Hospitality
Education
Retail
Manufacturing
Transportation & Logistics
Government
Others
Click Here to Get a Free Sample Report of the Global Fire Alarm Equipment Market @ https://www.custommarketinsights.com/report/fire-alarm-equipment-market/
Regional Coverage:
North America
U.S.
Canada
Mexico
Rest of North America
Europe
Germany
France
U.K.
Russia
Italy
Spain
Netherlands
Rest of Europe
Asia Pacific
China
Japan
India
New Zealand
Australia
South Korea
Taiwan
Rest of Asia Pacific
The Middle East & Africa
Saudi Arabia
UAE
Egypt
Kuwait
South Africa
Rest of the Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin America
This fire alarm equipment market research and analysis report contains answers to the following questions:
Which Trends Are Causing These Developments?
Who Are the Global Key Players in This Fire Alarm Equipment Market? What are Their Company Profile, Product Information, and Contact Information?
What Was the Global Market Status of the Fire Alarm Equipment Market? What Was the Capacity, Production Value, Cost and PROFIT of the Fire Alarm Equipment Market?
What Is the Current Market Status of the Fire Alarm Equipment Industry? What's the market's competition in this industry, both company-wise and country-wise? What's Market Analysis of Fire Alarm Equipment Market by Considering Applications and Types?
What Are Projections of the Global Fire Alarm Equipment Industry Considering Capacity, Production and Production Value? What Will Be the estimate of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about imports and exports?
What Is Fire Alarm Equipment Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
What Is the Economic Impact On Fire Alarm Equipment Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
What Are Market Dynamics of Fire Alarm Equipment Market? What Are Challenges and Opportunities?
What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for Fire Alarm Equipment Industry?
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Reasons to Purchase Fire Alarm Equipment Market Report
Fire Alarm Equipment Market Report provides qualitative and quantitative analysis of the market based on segmentation involving economic and non-economic factors.
Fire Alarm Equipment Market report outlines market value (USD) data for each segment and sub-segment.
This report indicates the region and segment expected to witness the fastest growth and dominate the market.
Fire Alarm Equipment Market Analysis by geography highlights the consumption of the product/service in the region and indicates the factors affecting the market within each region.
The competitive landscape incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled.
Extensive company profiles comprising company overview, company insights, product benchmarking, and SWOT analysis for the major market players.
The Industry's current and future market outlook concerning recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging and developed regions.
Fire Alarm Equipment Market Includes in-depth market analysis from various perspectives through Porter's five forces analysis and provides insight into the market through Value Chain.
Reasons for the Research Report
The study provides a thorough overview of the global Fire Alarm Equipment market. Compare your performance to that of the market as a whole.
Aim to maintain competitiveness while innovations from established leaders drive market growth.
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What does the report include?
Drivers, restrictions, and opportunities are among the qualitative elements covered in the worldwide Fire Alarm Equipment market analysis.
The report covers the competitive environment of current and potential participants in the Fire Alarm Equipment market, along with those companies' strategic product development ambitions.
According to the component, application, and industry vertical, this study analyzes the market qualitatively and quantitatively. Additionally, the report offers comparable data for the important regions.
The report provides actual market sizes and forecasts for each segment mentioned above.
Who should buy this report?
Participants and stakeholders worldwide Fire Alarm Equipment market should find this report useful. The research will be useful to all market participants in the Fire Alarm Equipment industry.
Managers in the Fire Alarm Equipment sector are interested in publishing up-to-date and projected data about the worldwide Fire Alarm Equipment market.
Governmental agencies, regulatory bodies, decision-makers, and organizations want to invest in Fire Alarm Equipment products' market trends.
Market insights are sought for by analysts, researchers, educators, strategy managers, and government organizations to develop plans.
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Custom Market Insights is a market research and advisory company delivering business insights and market research reports to large, small, and medium-scale enterprises. We assist clients with strategies and business policies and regularly work toward achieving sustainable growth in their respective domains.
CMI offers a comprehensive solution, from data collection to investment advice. Our company's expert analysis digs out essential factors that help us understand the significance and impact of market dynamics. The professional experts utilize client insights to inform strategies for estimating future declines, forecasting opportunities for growth, and conducting consumer surveys.
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IzoView, in its current form, is uniquely suited to support advanced functions beyond adjunctive breast cancer screening with 14 identified potential future Indications for Use across five key areas of breast health: screening, diagnosis, monitoring, planning, and personalized medicine, with additional devices planned that expand upon IzoView's core imaging platform. Many of these additional Indications for Use can be delivered after new clinical studies through software upgrades, creating strong incentives for early adopters as IzoView's clinical utility increases without replacing the core system, creating a scalable upgrade path and recurring revenue model. Intellectual Property Designed to Enable Long-Term Product Leadership Izotropic continues to develop a strategically layered patent portfolio, designed to protect the most commercially and clinically significant aspects of the IzoView as a platform. Rather than focusing solely on imaging hardware, the portfolio focuses on a broad range of integrated capabilities, including image acquisition, data presentation, radiation safety, system usability, and workflow integration, reflecting how it can function as a complete solution for breast health in real-world healthcare environments. This approach makes it difficult for competitors to replicate IzoView's full potential feature set and positions the Company for a durable competitive advantage across clinical settings. The Company's portfolio includes a mix of foundational patents and newer filings, with commercially relevant protections extending into the 2040s. In addition to patent claims, Izotropic has secured key innovations as trade secrets, such as its deep machine learning image reconstruction algorithm. IzoView Is the Imaging Platform the Future of Breast Cancer Care Demands IzoView is not simply an incremental improvement; it is a fundamental reimagining of what breast cancer imaging can and should be. It meets a well-defined and increasingly urgent clinical need, has the potential to deliver measurable improvements over the standard-of-care, can integrate into a broad range of healthcare environments, and offers a clear path to revenue growth and long-term expansion. As health systems evolve toward more personalized, risk-adapted, and patient-centric models of care, IzoView is uniquely positioned to become the cornerstone of next-generation breast imaging. Source: About Izotropic: More information about Izotropic Corporation can be found on its website at and by reviewing its profile on SEDAR at . Forward-Looking Statements: This document may contain statements that are 'Forward-Looking Statements,' which are based upon the current estimates, assumptions, projections, and expectations of the Company's management, business, and its knowledge of the relevant market and economic environment in which it operates. The Company has tried, where possible, to identify such information and statements by using words such as 'anticipate,' 'believe,' 'envision,' 'estimate,' 'expect,' 'intend,' 'may,' 'plan,' 'predict,' 'project,' 'target,' 'potential,' 'will,' 'would,' 'could,' 'should,' 'continue,' 'contemplate' and other similar expressions and derivations thereof in connection with any discussion of future events, trends or prospects or future operating or financial performance, although not all forward-looking statements contain these identifying words. These statements are not guarantees of performance and involve risks, including those related to capital requirements and uncertainties that are difficult to control or predict, and as such, they may cause future results of the Company's activity to differ significantly from the content and implications of such statements. Forward-Looking Statements are pertinent only as of the date on which they are made, and the Company undertakes no obligation to update or revise any Forward-Looking Statements to reflect new information or the occurrence of future events or circumstances unless otherwise required to do so by law. Neither the Company nor its shareholders, officers, and consultants shall be liable for any action and the results of any action taken by any person based on the information contained herein, including, without limitation, the purchase or sale of Company securities. Nothing in this document should be deemed to be medical or other advice of any kind. All images are for illustrative purposes only. IzoView has not yet been approved or cleared for sale. Contacts: Robert Thast, Interim Chief Executive Officer Telephone: 1-604-220-5031 or 1-833-IZOCORP ext. 1 Email: bthast@ James Gagnon, International Communications Telephone: 1-604-780-7576 or 1-833-IZOCORP ext. 2 General and Corporate Inquiries Telephone: 1-604-825-4778 or 1-833-IZOCORP ext. 3 Email: info@ Wire Service Contact: IBN Austin, Texas 512.354.7000 Office Editor@
Business Upturn
2 hours ago
- Business Upturn
Industrial Coatings Market worth $142.35 billion by 2030, at a CAGR of 4.12%, says MarketsandMarkets™
By GlobeNewswire Published on July 29, 2025, 16:30 IST Delray Beach, FL, July 29, 2025 (GLOBE NEWSWIRE) — The Industrial Coatings Market is estimated to grow from USD 112.04 billion in 2024 to USD 142.35 billion by 2030, at a CAGR of 4.12% between 2025 and 2030, as per the recent study by MarketsandMarkets™. Solvent-borne coatings are reliable and can be used in a variety of demanding applications, making up the largest market segment in the world of industrial coatings. Their resilience and strong adhesion lead people to depend on them for automotive, machinery, and building projects. However, increasing environmental regulations, concerns about VOC emissions, and a growing need for sustainability are transforming market dynamics. As a result, powder coatings and waterborne coatings are rapidly gaining popularity due to their environmentally friendly properties, being almost VOC-free, and the advancement of application technologies. More people are opting for these alternatives in both developed and emerging markets, primarily where the focus is on complying with environmental regulations and ensuring safety during operations. Download PDF Brochure: Browse in-depth TOC on 'Industrial Coatings Market' 386 – Market Data Tables 60 – Figures 345 – Pages List of Key Players in Industrial Coatings Market: The Sherwin-Willaims Company (US) PPG Industries Inc. (US) AkzoNobel N.V. (Netherlands) Axalta Coating Systems LLC (US) Jotun A/S (Norway) Nippon Paint Holdings Co., Ltd. (Japan) Kansai Paint Co., Ltd. (Japan) RPM International Inc. (US) Hempel A/S (Denmark) BASF Coatings GmbH (Germany) Drivers, Opportunities and Challenges in Industrial Coatings Market: Drivers: Increasing demand from automotive industry Restraint: luctuating raw material prices Opportunity: Increasing use of nanocoatings Challenge: Stringent regulatory policies Get Sample Pages: Key Findings of the Study: Epoxy resin is projected to be the fastest-growing resin type in terms of value during the forecast period The waterborne technology segment accounted for the second-largest share of the global industrial coatings market, in terms of value, in 2024 The automotive OEM end-use industry accounted for the second-largest share of the global industrial coatings market, in terms of value, in 2024 Asia Pacific is projected to be the fastest-growing region in the global industrial coatings market, in terms of value, during the forecast period Based on resin type, epoxy resins are estimated to hold the largest market share in the industrial coatings market, primarily because they perform better and cost more than the other resins available today. It is common to find epoxy coatings in marine, oil & gas, automotive, and infrastructure settings because they adhere well, resist chemicals, possess high strength, and are quite durable. Their ability to last significantly longer against wear and rust justifies the higher cost of high-alloy superalloys in specialized fields. Epoxy resins are favored in the industrial coatings industry mainly because they offer useful features and are marketed at premium prices. Based on technology, powder coatings are estimated to witness the highest growth rate in the industrial coatings market during the forecast period due to various technological factors. Powder coatings do not pollute the air, emit high levels of VOCs, and can last a long time without becoming damaged or worn out. With stringent regulations on emission control and an increased emphasis on sustainability, the use of powder coatings is on the rise in the automotive, appliance, and industrial sectors. Furthermore, recent advancements in application processes and their broader use across several industries are driving the global demand for powder coatings. Based on the end-use industry, the general industrial category accounted for the largest share of the industrial coatings market. The reason for this dominance is that many types of machinery, equipment, metal fabrication, and consumer goods require durable and protective coatings. This area benefits from consistent demand in both affluent and developing countries due to ongoing advancements in industry and construction production. Being used in many industries and constantly requiring upkeep and finishes, general industrial is the biggest and most dependable part of the market. Get Customization on this Report: Based on region, Asia Pacific accounted for the largest share of the industrial coatings market in terms of value in 2024. Market growth in this region is primarily driven by rapid industrialization and rising investments in the industrial and automotive industries. The growing manufacturing base of the region, enhanced safety levels, and evolving demand for high-performance and dependable machines among emerging markets like China, India, and Southeast Asian nations are also fueling market growth. Additionally, the presence of major industrial bases, a large population, and ongoing capacity expansions across key industries continue to underscore Asia Pacific's leading position in the world's industrial coatings market. PPG Industries Inc. is one of the world's leading suppliers of paints, coatings, and specialty materials, boasting a strong market presence with 156 manufacturing facilities across many countries in Europe, North America, Asia Pacific, the Middle East & Africa, and South America. PPG Industries provides a wide variety of coating solutions for aerospace, automotive OEM and refinish, industrial, packaging, marine, and architectural markets. The company has strengthened its product portfolio through sustained innovation and sustainable practices that emphasize waterborne coatings for environmental friendliness applications. AkzoNobel N.V. is one of the leading global industrial coatings companies based in the Netherlands, serving customers in over 150 countries. Its diverse portfolio includes decorative paints and high-performance coatings for key industries such as marine, automotive, architecture, and industrial manufacturing. The company has made significant strides in developing responsible and sustainable coating technologies, with a strong emphasis on waterborne and low-VOC formulations. Browse Adjacent Markets Coatings Adhesives Sealants and Elastomers Market Research Reports & Consulting Related Reports: Hospital Filtration Market Industrial Fasteners Market Gold Nanoparticles Market Hydrogen Tanks Market Flat Glass Market Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same. Ahmedabad Plane Crash GlobeNewswire provides press release distribution services globally, with substantial operations in North America and Europe.
