Australia Abrasives Market is expected to grow with the CAGR of 4.6% in the forecast period of 2021 to 2028. The years considered for study are as mentioned below.
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Australia abrasives market is a highly consolidated market, which includes specific number of key players as well as local players. The market has witnessed increased strategic developments owing to favourable market scenario.
The major players dealing in Australia abrasives market are introducing strong range of product portfolio. This helped companies to maximize the sales with enhanced product portfolio.
For instance,
- In March 2018, GMA Garnet Pty Ltd announced participation in green initiatives focusing on renewable energy rather than on coal to resolve the issue related to climate change. This will increase the sales and revenue and a rise in the goodwill of the GMA Garnet Pty Ltd
- In May 2019 VSM AG has received a German Innovation Award in ceramic-grain abrasive ACTIROX. The award was given for aggressive and rapid cutting action. This will lead to an increase in goodwill with growth in the value of sales and revenue of VSM AG.
Robert Bosch GmbH is the dominating player in the market. Other player includes Saint-Gobain, 3M, DuPont, VSM AG, NORITAKE CO. LIMITED, NIPPON RESIBON CORPORATION, Asahi Diamond Industrial Co. Ltd, GMA Garnet Pty Ltd, sia Abrasives Industries AG, Henkel AG & Co. KGaA, Radiac Abrasives, Makita Corporation, Techtronic Industries Co. Ltd., CARBORUNDUM UNIVERSAL LIMITED, Hermes Abrasives New Zealand Pty Ltd, INDASA, Klingspor New Zealand Pty Ltd, and PFERD New Zealand Pty Ltd.
Robert Bosch GmbH.
Robert Bosch GmbH is headquartered in Stuttgart, Germany and was founded in 1886. It is a publically owned company. The company is focusing on precision mechanics and electrical engineering with different innovative strength and social commitment. The company have wide range of products for various industries such as saw blades & hole cutters, chisels, router bits & planer knives, abrasives, screwdriver bits & nutsetters & sockets, cutting discs, grinding discs, wire brushes, diamond accessories, drill bits, accessories for multi- cutters, sets, machine accessories. Out of these abrasives is our focused industry. The major segments of the company are mobility solutions, industrial technology, consumer goods, energy and building technology of which energy and building technology is the market focused segment.
- In September 2020, Robert Bosch GmbH has launched Electromobility to reduce the amony of CO2 released. Robert Bosch GmbH has power hydrogen which are based on renewable energy enabling climate-neutral transportation of goods and commodities. In the first step Robert Bosch GmbH is focusing on developing the fuel-cell powertrain focusing on trucks. This will increase the sales and revenue.
The company have global presence across Europe, Americas, Asia-Pacific, and Middle East and Africa. The major subsidiaries of the company are BSH Hausgeräte GmbH (Germany), Bosch Power Tools B.V. (U.S.), Bosch Rexroth AG (Germany), Bosch Thermotechnik GmbH (Germany), Bosch Security Systems, LLC (U.S.), Bosch Fren Sistemleri Sanayi ve Ticaret AS (Turkey), Bosch Engineering GmbH (Germany) and many others.
Saint-Gobain
Saint-Gobain is headquartered in Massachusetts, U.S. It was founded in year 1885 and is a publicly owned company. The company is focusing on the manufacturing of abrasives by sandpaper or ‘coated abrasives’, cutting-off & grinding wheels or ‘bonded abrasives’, super abrasives, non-woven, diamond blades & tools. And among these products sandpaper or ‘coated abrasives’, cutting-off & grinding wheels or ‘bonded abrasives’, super abrasives. The major market segment of the company are high performance solutions, building distribution, construction products of which the market focused segment are high performance solutions.
- In February 2019, the Saint-Gobain abrasives plant has won an award “'Reshaping Your World' for creating culture of health and safety at its plants. This will increases the goodwill of Saint-Gobain with increase in sales and revenue of Saint-Gobain.
The company has presence in North America, South America, Asia-Pacific, Europe, and Middle East and Africa. The company owns subsidiaries such as Saint-Gobain Distribution Brazil (Brazil), Placo (France), CERTAINTEED (U.S.), Saint-Gobain Building Distribution Limited (U.K.), Saint-Gobain Rigips GmbH (Germany), British Gypsum (U.K.), and Saint-Gobain Weber Gmbh (Germany) among others.
3M
3M is headquartered in Minnesota, U.S. It is a publically owned company which was founded in 1902. The company is engaged in the manufacturing of technical and innovative products that can improve the life of the customers. The company has product categories such as abrasives, adhesives & tapes, advanced materials, aerospace & aircraft maintenance, animal & pet care, architecture & construction, automotive, car & boat care, chemicals, decorating, organizing & crafts, dental, electronics materials, facility & site safety, facility cleaning & maintenance, films, filtration, food safety & microbiology, food service & hospitality, hand hygiene, home care & cleaning, home improvement, home office & school supplies, medical tapes, orthodontic, painting equipment & supplies, patient monitoring, personal health care, personal protective equipment, power storage and conversion, signs & displays, skin & wound care, sports & recreation, sterilization monitoring, surgical solutions, traffic & vehicle safety, wire & cable, among which, abrasives is market focused segment.
- In December 2020, 3M announced a launch of educational apps to support the students and instructors dealing with the healthcare segments. This will help in easy understanding with increase in sales and revenue of 3M.
The company has wide global presence in Asia-Pacific, Europe, Americas, and Middle East and Africa. The company owns subsidiaries such as 3M Japan) Ltd (Japan), Kinetic Concepts (U.S.), 3M Thailand ltd (Thailand), 3M Scott Fire and Safety (U.S.), 3M Nederland B.V. (Netherlands), Ceradyne (U.S.), CUNO Inc. (U.S.), 3M Taiwan ltd (Taiwan) and others.
