The forecast for Limestone and Gypsum direct material inputs in the UK from 2024 to 2028 shows a steady decrease from 0.94 metric tons per capita in 2024 to 0.9 metric tons per capita in 2028. This consistent decline indicates a slight reduction of approximately 1.1% each year. The past two years illustrate this declining trend, hinting at potential shifts in industry practices or construction demand.
In 2023, the actual volume served as a baseline, and it stood marginally higher, meaning consumption is gradually declining through the forecast period. With a compound annual growth rate (CAGR) reflecting a consistent year-on-year reduction of 1.1%, market players should prepare for a changing landscape.
Future trends to watch for:
- Impact of sustainable building materials substituting limestone and gypsum.
- Increased regulatory focus on environmental impact may influence the reduction trend.
- Technological advances in alternative construction methods or materials.
- Potential macroeconomic factors affecting the construction demand in the UK.