Abrasive Product Market Overview in the USA
In value terms, abrasive product production declined modestly to $ in . In general, production continues to indicate a mild reduction. The most prominent rate of growth was recorded in 2014 when the production volume increased by % year-to-year. As a result, production attained the peak level of $. from 2015 to , production growth remained at a lower figure.
The size of the abrasive product market in the U.S. shrank to $ in , dropping by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of % y-o-y. As a result, consumption reached the peak level of $. from 2019 to , the growth of the market remained at a somewhat lower figure.