The data reveals that the sales or usage of sandstone and quartzite by producers in the US experienced a general upward trend from 2013 to 2023. In 2023, the value stood at approximately $543.86 million. Over the last two years, there was a consistent year-on-year increase, albeit modest, with a variation of 1.61% in 2022 and 1.55% in 2023. The Compound Annual Growth Rate (CAGR) over the past five years (from 2018 to 2023) was around 1.67%, indicating steady but slow growth.
Looking forward, forecasts from 2024 to 2028 suggest a continued upward trend, with the value projected to reach $582.97 million by 2028. However, the five-year forecasted CAGR is slightly lower at 1.1%, implying a possible deceleration in growth rate compared to the previous period.
Future trends to watch for include technological advancements in extraction and processing, shifts in construction demand, and potential regulatory changes impacting the industry. Additionally, the influence of sustainability practices may alter production and usage patterns.
