The domestic material consumption of non-metallic minerals in the UK is projected to decline progressively from 2024 to 2028. Starting from an estimated 211.68 million metric tons in 2024, the consumption is expected to decrease to 206.31 million metric tons by 2028. This forecasted trend reflects a consistent annual decrease, with a year-on-year reduction observed each year. When considering the current projections, this represents a compound annual growth rate (CAGR) of approximately -0.7% over five years, suggesting a gradual reduction in demand or consumption of these materials.
Future trends to watch for:
- Impact of sustainability initiatives on material consumption.
- Technological advancements potentially reducing the need for non-metallic minerals.
- Regulatory changes affecting supply and demand dynamics.