The Global Coated Abrasives Market is demonstrating a prominent growth due to the increasing demand of Coated Abrasives in the metal working industry for metal finishing, grinding, and polishing applications. Saint-Gobain (France), 3M (US), Sia Abrasives AG (Switzerland), Napoleon Abrasives SPA (Italy), Sungold Abrasives (US), Noritake Co. Limited (Japan), among others are some of the leading players in this market. Most of these participants adopt various strategies such as product launch, expansion, R&D, and merger & acquisition to strengthen their market position. Considering these trends, the Global Coated Abrasives Market is set to witness a considerable competition during the forecast period, 2016–2022.
Industry/ Innovation/ Related News:
February 2016- Saint-Gobain entered into a partnership agreement with Detroit Speed, a manufacturer of high-quality automotive components and systems and a builder of vintage custom cars for supply of Norton abrasives for refinishing applications.
August 2015- Sia Abrasives AG launched its new line of flexible Coated Abrasive line, 1948 siaflex abrasive line. The new product is made up of combination of blue-fired and white aluminum oxide on a latex substrate, which provides flexibility and ease in stock removal. The new abrasive is available in discs, sheets and rolls.
April 2015- Saint-Gobain entered into a joint venture with British Indústria e Comércio Ltda., a manufacturer of Non-Woven Abrasives in Brazil. Saint-Gobain acquired 70% of company’s equity with this joint venture, further expanding Saint-Gobain’s presence in the Brazilian market.