As of 2023, the production of construction sand and gravel in the Northeast US stood at approximately 71.64 million metric tons. Forecast data indicates a declining trend from 2024 onwards, with figures expected to decrease annually. The year-on-year decreases are estimated at approximately 2.27% from 2024 to 2025, 2.26% from 2025 to 2026, 2.29% from 2026 to 2027, and 2.29% from 2027 to 2028. The compound annual growth rate (CAGR) for the period 2024 to 2028 is -2.37%, highlighting a consistent downtrend over these years.
Future trends to watch for:
- Adoption of new construction technologies that could affect aggregate demand.
- Environmental regulations impacting sand and gravel extraction.
- Changes in regional infrastructure projects influencing material requirements.
- Potential shifts in construction industry patterns due to economic factors.
