The industrial sand and gravel market in South Dakota exhibited steady growth from 2023, with volumes forecasted to rise from 113.11 thousand metric tons in 2024 to 130.9 thousand metric tons by 2028. In 2023, the market stood at 110 thousand metric tons. This growth represents a year-on-year increase of roughly 4% from 2024 to 2025 and continues at a similar rate through 2028. Over the five-year period from 2024 to 2028, the compound annual growth rate (CAGR) is projected to be 3.83%.
Future trends to watch for in the industrial sand and gravel market include:
- Technological advancements in extraction and processing methods that may influence production volume.
- Changes in regulatory policies and environmental considerations impacting the industry.
- Market demand fluctuations from construction and manufacturing sectors.