In 2023, Tennessee's industrial sand and gravel consumption was 545.0 thousand metric tons. Forecasted data for 2024 indicates a decrease to 535.19 thousand metric tons. The trend continues with a year-on-year decline: 1.82% in 2025, 1.82% in 2026, 1.81% in 2027, and 1.81% in 2028. Over the five-year period from 2024 to 2028, the CAGR indicates an average annual decrease of approximately 2.04%.
Future trends to watch for include:
- Environmental regulations affecting production and sales.
- Technological advancements in extraction and processing methods.
- Fluctuations in construction activity, impacting demand in related industries.
- Potential sourcing shifts due to evolving trade policies and agreements.
