In the U.S., the dressed limestone market for panels and veneer is projected to decline annually from 2024 to 2028. As of 2023, the value stood at $5.50 million, indicating a downward trend through the forecasted period. The year-on-year percentage change shows consistent decreases: -4.4% from 2024 to 2025, -4.4% from 2025 to 2026, -4.8% from 2026 to 2027, and -4.6% from 2027 to 2028. The compound annual growth rate (CAGR) over the five-year forecast period is -4.55%.
Future trends to watch for include:
- Potential shifts in construction practices or material preferences.
- Economic factors affecting building and renovation activities.
- Environmental and sustainability considerations impacting material choice.
