North America Abrasives Market - Forecast (2021 - 2026)
North America Abrasives Market size is forecast to reach US$5,782.6 million by 2026, after growing at a CAGR of 3.2% during 2021-2026. Aluminum Oxides and Silicon Carbide are the most widely used abrasive materials. These synthetic materials account for 80 to 90% of the total amount of abrasive grains manufactured in the United States. The markets for abrasives are affected by industrial activity in the United States as well as general economic patterns. Imports of less costly fused aluminum oxide and silicon carbide, combined with higher domestic production costs and low domestic production volume, continue to make it difficult for North American producers of fused aluminum oxide and silicon carbide to retain market share. COVID-19 Impact As a result of the COVID-19 pandemic, several abrasive manufacturers across North America region had to shut down their production facilities and services as countries adopted partial or absolute lockdown policies to deal with the pandemic. Also, s...