The forecasted data for construction sand and gravel operations in the Midwest, reporting 200,000 to 299,999 metric tons per year, indicates a declining trend from 2024 to 2028. In 2023, the actual value stood at approximately 110, showing a year-on-year decrease of 2.63% in 2024. The subsequent years see further reductions of 3.06% in 2025, 3.10% in 2026, and a more drastic dip of 3.17% in 2027. The compounded annual growth rate (CAGR) over this five-year period is negative, indicating a consistent decrease in production volume.
Future trends to watch for include:
- Impact of environmental regulations on the construction material supply chain.
- Technological advancements in material extraction and processing.
- Shifts in construction demand due to economic fluctuations in the Midwest.
- Potential increase in recycled material usage affecting sand and gravel demand.
