The production of industrial sand and gravel in the US is projected to increase steadily from 2024 through 2028, starting at 154.31 million metric tons in 2024 and reaching 176.34 million metric tons by 2028. For context, in 2023, actual production stood at approximately 150 million metric tons. The year-on-year growth rate is estimated to be around 3.7% in 2024, then steadily decelerates across the five-year period with an overall compound annual growth rate (CAGR) of about 3.4% from 2024 to 2028, indicating a consistent upward trend.
Future trends to watch for include:
- Technological advancements in extraction and processing
- Environmental regulations affecting production and demand
- Market demand from industries such as construction and renewable energy
- Potential impacts from economic fluctuations on industrial activity
