In 2023, the value added of non-metallic mineral products in the US stood at an estimated 77.7 billion US dollars. Forecasts suggest a steady growth trajectory from 2024 to 2028, with values increasing annually, reaching approximately 83.35 billion US dollars by 2028.
Year-on-year growth rates from 2024 to 2028 indicate a consistent increase around 1.5% to 1.6% annually. During this period, the compound annual growth rate (CAGR) is projected to be about 1.4%, signifying a stable expansion in the industry.
Future trends to watch include advancements in sustainable practices, innovations in production to reduce environmental impact, and rising demand driven by infrastructure projects. Market participants should also consider potential regulatory changes impacting production practices and cost structures.
