The construction sand and gravel operations reporting 1,000,000 or more metric tons in the Midwest show a declining trend from 2024 to 2028. In 2023, the volume stood at a certain point, and forecasts indicate a decrement over the coming years. From 2024 to 2025, a decrease is projected, following a negative trend year-on-year: 2026, 2027, and 2028 forecast further declines. The 5-year compound annual growth rate (CAGR) is anticipated to be negative, highlighting a consistent drop in production.
Future trends to watch for include:
- The influence of sustainable construction practices on demand for traditional materials.
- Potential regulatory changes affecting the mining and production of construction sand and gravel.
- Technological advancements in production efficiency and material substitution that could impact demand.