In 2023, the construction sand and gravel operations in the South of the US reported slightly above 2.4 million metric tons. The forecast from 2024 through 2028 shows a steady decline in volume, with a compound annual growth rate (CAGR) indicating a decrease of around 3% annually. Year-on-year changes from 2024 to 2028 show a continual decrease of about 3-4%, suggesting a downward trend in these operations over the next five years.
Future trends to watch for:
- Potential impacts of regulatory changes on production and operations in the construction industry.
- Market adaptation to alternative materials due to environmental considerations.
- Technological advancements that could improve efficiency and reduce costs.