The construction sand and gravel operations in the Midwest are projected to decrease, with forecast values dropping from 4.47 million metric tons in 2024 to 3.89 million metric tons in 2028. This reflects a consistent year-on-year decline of roughly 3.36% over the five-year period. In 2023, the actual figures were similar to 2024’s forecast, marking the beginning of a declining trend. The compound annual growth rate (CAGR) from 2024 to 2028 is negative, indicating a shrinking market for sand and gravel in this region.
Future trends to watch for include potential regulatory impacts on resource extraction, innovations in construction materials that reduce dependence on sand and gravel, and economic factors affecting construction demand. Environmental concerns and sustainable practices may also influence the market dynamics significantly.
