The forecast for construction sand and gravel operations in the Midwest US, for productions between 200,000 to 299,999 metric tons, shows a declining trend from 2024 onwards. The reported values drop from 23.44 million metric tons in 2024 to 20.58 million metric tons by 2028. Compared to 2023, which serves as the baseline, there is a consistent year-on-year decline.
- From 2024 to 2025, the decrease is approximately 3.16%.
- Between 2025 and 2026, it further declines by about 3.17%.
- From 2026 to 2027, another decrease of 3.18% is observed.
- Finally, from 2027 to 2028, the value decreases by approximately 3.29%.
The Compound Annual Growth Rate (CAGR) over the five-year period indicates an average annual decrease of about 3.2%.
Future trends to watch for include the impacts of environmental regulations, technological advancements in construction methods, and shifts in regional demand due to population changes. Monitoring these factors will be crucial for stakeholders in the construction materials market.
