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The phrase "this will shrink as" is correct and usable in written English.
It can be used when discussing a process or condition where something decreases in size or amount over time or in response to certain factors. Example: "The fabric will become softer and this will shrink as it is washed repeatedly."
Exact(1)
But this will shrink as more countries join the euro.
Similar(58)
forecasts the economy will shrink as much as 4 percent this year.
"The investment that comes into the north will shrink as well – it's bound to happen".
But prices will fall, capabilities will increase, and footprints will shrink as is the case with all exponential technologies, and 2016 will mark the beginning of the VR revolution.
But that's going to get harder, because the number of theaters or festivals that can do that will shrink as budgets get put under pressure.
The problem will shrink as Windows 7 takes off.
His testes will shrink as his body shuts down production of its own testosterone.
Longer term, Chinese demographics — its labor force will shrink as the population ages — mean that the productivity of workers and companies will have to rise.
But the war economy will shrink as the transition that is now getting under way gathers pace, and money dries up as the international troops leave.
A larger population of retirees, living longer, mixed with fewer young people means that the labor force will shrink as a percentage of the total population.
The revolt will shrink as less-than-brave Tory MPs parade their consciences but draw back from voting against a measure which, on balance, serves us all.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com