The Midwest's construction sand and gravel operations are projected to see a gradual decline from 11.68 million metric tons in 2024 to 10.26 million metric tons in 2028. Compared to 2023, the decline signals a diminishing demand or production capacity. The forecasted year-on-year percentage variations show a decrement, with notable decreases in 2025 and 2026. Over the five-year period, the compound annual growth rate (CAGR) indicates a negative trend, suggesting a reshaping industry landscape.
Future trends to watch include shifts in regional policy and economic conditions that may affect demand, advancements in construction technology reducing material usage, and potential environmental regulations impacting extraction processes. These factors could alter the current forecast trajectory.
