The construction sand and gravel operations in the Western US are experiencing a steady decline in volume, with forecasted values continuing downward from 1.66 thousand in 2024 to 1.60 thousand in 2028. The year-on-year decrease from 2024 to 2028 shows an average annual decline rate, following the trajectory observed since pre-2024. The compound annual growth rate (CAGR) over this five-year period suggests consistent contraction in the market.
Future trends to watch for include:
- Potential impacts of policy changes and environmental regulations on sand and gravel extraction.
- Advancements in construction technology potentially altering demand for traditional materials.
- Regional economic factors and construction industry trends influencing the supply-demand balance.