In 2023, the Midwest's construction sand and gravel operations reporting between 100,000 to 199,999 metric tons stood at approximately 47.20 million metric tons. Forecasted data indicates a gradual decline from 2024 to 2028, with values decreasing from 47.04 to 46.31 million metric tons. The year-on-year variation shows a minor downward trend, with marginal declines around 0.4% to 0.5% annually. The compound annual growth rate (CAGR) over this period suggests a steady average decline in operations.
Future trends to watch for:
- Potential impacts of regulatory changes on sand and gravel mining.
- Technological advancements in construction affecting material demands.
- Shifts in construction trends favoring sustainable materials.
- Economic factors influencing the construction industry in the Midwest.
