The construction sand and gravel operations in the Western US reporting 1,000,000 or more metric tons per year are forecasted to decline significantly from 2024 to 2028. In 2023, the sector saw 14.89, dropping to 12.67 in 2024. Year-on-year variations indicate a -25.24% drop from 2023 to 2024, -25.24% from 2024 to 2025, -33.15% from 2025 to 2026, -48.50% from 2026 to 2027, and a dramatic -92.63% from 2027 to 2028. The CAGR from 2024 to 2028 is estimated at -59.76%, highlighting a significant contraction.
- Future trend to watch for: Environmental regulations may further impact supply chain operations.
- Increasing substitution with recycled materials could alter demand dynamics.
- Technological advancements in construction might improve material utilization efficiency.