The forecasted values for construction sand and gravel operations in the southern US indicate a steady decline from 2024 to 2028. In 2023, the actual value stood at 860. The year-on-year decline from 2024 to 2028 ranges approximately from 1.4% to 1.6%. The compound annual growth rate (CAGR) over these five years shows an average annual decrease of around 1.4%. This downward trend suggests that the industry may be experiencing a slowdown.
Future trends to watch for include:
- Potential shifts in infrastructure investment that might impact demand.
- Changes in regulatory standards affecting mining operations.
- Innovations or alternative materials that might alter traditional usage.
- Economic factors influencing construction activities and raw material requirements.