Sand & Gravel Mining in the US - Market Research Report (2014-2029)
New York, United States
Last Updated: September 2024
NAICS 21232Revenue
$18.9bn
Past 5-Year Growth
Profit
$X.Xbn
Employees
33,320
Businesses
1,612
Wages
$X.Xbn
Sand & Gravel Mining in the US industry analysis
Sand and gravel miners have enjoyed modest expansions over the current period. While the outbreak of COVID-19 hindered performance, the uptick in housing starts and residential construction prevented miners from completely falling off in 2020 since sand and gravel are construction aggregates. Higher energy prices encouraged energy producers to increase their output to take advantage of favorable pricing, increasing the sale of industrial sand. Expansions in government funding for road and highway construction were a boon to miners as interest rate hikes slowed overall construction activity. Industry-wide revenue has been increasing at a CAGR of 0.4% to an estimated $18.8 billion in 2024, when revenue is expected to increase by 0.6%.
Trends and Insights
- Climbing oil and gas production has fueled growth. The industrial sector, particularly oil and gas producers, was a boon to sand and gravel miners as interest rate hikes slowed overall construction activity.
- Sand and gravel play essential roles in industrial processes beyond construction. Industries like glassmaking, pottery, and oil extraction rely heavily on these materials, ensuring a steady demand and diverse market for miners.
- The Great Lakes region attracts sand and gravel miners because of its proximity to downstream markets for infrastructure projects, particularly glass and abrasive manufacturers. With three of the top states for sand and gravel production, the area remains economically appealing.
- Sand and gravel miners compete based on price and quantity. Offering services close to downstream customers can lower transportation costs. Taking on large orders for bigger projects can also attract high-end clients.
Industry Overview
Market size and recent performance (2014-2029)
Industry revenue has grown at a CAGR of 0.4 % over the past five years, to reach an estimated $18.9bn in 2024.
Trends and Insights
The industrial sector was a boon to miners
- Sales of industrial sand have fluctuated significantly in recent years. The pandemic shut down travel, drastically reducing the need for oil and gas. As prices plummeted, so did the need for industrial sand.
- Additional trends and insights available with purchase
Source: IBISWorld
Industry outlook (2024-2029)
Market size is projected to grow over the next five years.
Trends and Insights
Recovering construction markets will offer leeway
- Interest rate cuts will encourage investment activity and lessen the cost of borrowing, leading to improvements in residential and nonresidential construction markets. These markets returning to growth following declines in these markets over the past five years will lead to an acceleration in revenue growth.
Biggest companies in the Sand & Gravel Mining in the US
| Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
|---|---|---|---|---|
CRH PLC | 2,274.1 | 318.6 | 14.0 | |
Vulcan Materials Company | 1,204.2 | 236.1 | 19.6 | |
Heidelbergcement Ag | 1,000.4 | 91.2 | 9.1 |
To view the market share and analysis for all 4 top companies in this industry, view purchase options.
Products & Services Segmentation
Source: IBISWorld
Industry revenue is measured across several distinct product and services lines, including Construction sand and gravel, Industrial sand and gravel and Kaolin, common clay and other products. Construction sand and gravel is the largest segment of the Sand & Gravel Mining in the US.
Trends and Insights
Strong downstream activity ramped up the sales of construction sand and gravel
- More than half of revenue is derived from construction sand and gravel used in residential and commercial construction. Sand and gravel are also used in concrete aggregates and roadside repairs.
- More insights available in the full report
Widen you competitive advantage with related industries
Competitors
- Stone Mining in the US
- Ceramics Manufacturing in the US
- Clay Brick & Product Manufacturing in the US
Complementors
- Mineral & Phosphate Mining in the US
International industries
- Sand & Gravel Mining in Canada
- Gravel and Sand Quarrying in Australia
- Rock, Limestone and Clay Mining in Australia
- Gravel and Sand Quarrying in New Zealand
- Gravel, Sand & Clay Extraction in the UK
Table of Contents
About this industry
Industry definition
This industry comprises operators involved in mining and quarrying sand and gravel, along with clay, ceramic and refractory minerals. Industry activity may include the beneficiation of these minerals by washing, screening and otherwise preparing the mined sand, gravel and clays.
What's included in this industry?
Construction and miningGravel miningSilica or industrial sand miningAbrasive-sand miningBall-clay miningKaolin miningBentonite miningCommon clay miningFuller's earth miningFeldspar miningCompanies
CRH PLCVulcan Materials CompanyHeidelbergcement AgPurchase this report to view all 4 major companies in this industry.
Related Terms
KAOLINFULLER's EARTHGRAVELSAFE, ACCOUNTABLE, FLEXIBLE, EFFICIENT TRANSPORTATION EQUITY ACT: A LEGACY FOR USERS (SAFETEA-LU)AMERICAN RECOVERY AND REINVESTMENT ACT (ARRA)AGGREGATEQUARRYCRUSHED STONEHYDRAULIC FRACTURINGIndustry Code
NAICS 21232 - Sand & Gravel Mining in the US
Performance
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Analyst insights
Climbing oil and gas production has fueled growth. The industrial sector, particularly oil and gas producers, was a boon to sand and gravel miners as interest rate hikes slow...
In this chapter (4)
- Current Performance
- Outlook
- Volatility
- Life Cycle
Key metrics
- Annual Revenue, Recent Growth, Forecast, Revenue Volatility
- Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
- Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
- Total Profit, Profit Margin, Profit per Business
Charts
- Revenue, including historical (2014-2023) and forecast (2024-2029)
- Employees, including historical (2014-2023) and forecast (2024-2029)
- Businesses, including historical (2014-2023) and forecast (2024-2029)
- Profit, including historical (2014-2024)
- Industry Volatility vs. Revenue Growth
- Industry Life Cycle
Detailed analysis
- Trends in supply, demand and current events that are driving current industry performance
- Expected trends, economic factors and ongoing events that drive the industry's outlook
- Key success factors for businesses to overcome volatility
- How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.
Products and Markets
Learn about an industry's products and services, markets and trends in international trade.
Analyst insight
Sand and gravel play essential roles in industrial processes beyond construction. Industries like glassmaking, pottery, and oil extraction rely heavily on these materials, en...
In this chapter
- Products & Services
- Major Markets
- International Trade
Key metrics
- Largest market segment and value in 2024
- Product innovation level
- Total imports, level and trend
- Total exports, level and trend
- Trade Balance
Charts
- Products & services segmentation in 2024
- Major market segmentation in 2024
- International trade, including imports by country and exports by country
Detailed analysis
- Trends impacting the recent performance of the industry's various segments
- Innovations in the industry's product or service offering, specialization or delivery method
- Key factors that successful businesses consider in their offerings
- Buying segments and key trends influencing demand for industry products and services
- Recent trends in import and export volumes, country of origin or destination, and expected future trends
Geographic Breakdown
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Analyst insights
The Great Lakes region attracts sand and gravel miners because of its proximity to downstream markets for infrastructure projects, particularly glass and abrasive manufacturer...
In this chapter (1)
- Business Locations
Charts
- Share of revenue, establishment, wages and employment in each state
- Share of population compared to establishments in each region in 2024
Tables
- Number and share of establishments in each state in 2024
- Number and share of revenue each state accounts for in 2024
- Number and share of wages each state accounts for in 2024
- Number and share of employees in each state in 2024
Detailed analysis
- Geographic spread of the industry across North America, and trends associated with changes in the business landscape
- Key success factors for businesses to use location to their advantage
Competitive Forces
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Analyst insights
Sand and gravel miners compete based on price and quantity. Offering services close to downstream customers can lower transportation costs. Taking on large orders for bigger ...
In this chapter (4)
- Concentration
- Barriers to Entry
- Substitutes
- Buyer & Supplier Analysis
Key metrics
- Industry concentration level
- Industry competition level and trend
- Barriers to entry level and trend
- Substitutes level and trend
- Buyer power level and trend
- Supplier power level and trend
Charts
- Market share concentration among the top 4 suppliers from 2019-2024
- Supply chain including upstream supplying industries and downstream buying industries, flow chart
Detailed analysis
- Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
- Key success factors for businesses to manage the competitive environment of the industry.
- Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
- Key success factors for potential entrants to overcome barriers to entry.
- Competitive threats from potential substitutes for the industry’s own products and services.
- Key success factors for how successful businesses can compete with substitutes.
- Advantages that buyers have to keep favorable purchasing conditions.
- Advantages that suppliers have to maintain favorable selling conditions.
- Key success factors for how businesses can navigate buyer and supplier power.
Companies
Learn about the performance of the top companies in the industry.
Analyst insights
Heidelberg Materials America plans to acquire Carver Sand & Gravel, Albany's largest aggregates producer, enhancing its presence in Central New York. The deal, expected to be...
In this chapter
- Market Share Concentration
- Companies
- Company Spotlights
Charts
- Industry market share by company in 2020 through 2024
- Major companies in the industry, including market share, revenue, profit and profit margin in 2024
- Overview of CRH PLC's performance by revenue, market share and profit margin from 2018 through 2024
- Overview of Vulcan Materials Company's performance by revenue, market share and profit margin from 2018 through 2024
- Overview of Heidelbergcement Ag's performance by revenue, market share and profit margin from 2018 through 2024
- Overview of revenue, market share and profit margin trend for one additional company
Detailed analysis
- Description and key data for CRH PLC, and factors influencing its performance in the industry
- Description and key data for Vulcan Materials Company, and factors influencing its performance in the industry
- Description and key data for Heidelbergcement Ag, and factors influencing its performance in the industry
- Description, key data and performance trends for one additional company
External Environment
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Analyst insights
Sand and gravel miners must follow various regulations. Miners must obtain permits and follow all the necessary health and safety protocols to keep the area and their workers...
In this chapter
- External Drivers
- Regulation & Policy
- Assistance
Key metrics
- Regulation & policy level and trend
- Assistance level and trend
Charts
- Regulation & Policy historical data and forecast (2014-2029)
- Assistance historical data and forecast (2014-2029)
Detailed analysis
- Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance
- Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
- Key governmental and non-governmental groups or policies that may provide some relief for industry operators.
Financial Benchmarks
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Analyst insights
Profit has rebounded from pandemic lows because of elevated construction activity and higher hydrocarbon production. This recovery has also been supported by falling steel an...
In this chapter
- Cost Structure
- Financial Ratios
- Key Ratios
Key metrics
- Profit margin, and how it compares to the sector-wide margin
- Average wages, and how it compares to the sector-wide average wage
- Largest cost component as a percentage of revenue
- Industry average ratios for days' receivables, industry coverage and debt-to-net-worth ratio
Charts
- Average industry operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Investment vs. share of economy
Data tables
- Industry Multiples (2017-2022)
- Industry Tax Structure (2017-2022)
- Income Statement (2017-2022)
- Balance Sheet (2017-2022)
- Liquidity Ratios (2017-2022)
- Coverage Ratios (2017-2022)
- Leverage Ratios (2017-2022)
- Operating Ratios (2017-2022)
- Cash Flow & Debt Service Ratios (2014-2029)
- Revenue per Employee (2014-2029)
- Revenue per Enterprise (2014-2029)
- Employees per Establishment (2014-2029)
- Employees per Enterprise (2014-2029)
- Average Wage (2014-2029)
- Wages/Revenue (2014-2029)
- Establishments per Enterprise (2014-2029)
- IVA/Revenue (2014-2029)
- Imports/Demand (2014-2029)
- Exports/Revenue (2014-2029)
Detailed analysis
- Trends in the cost component for industry operators and their impact on industry costs and profitability
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2014-2029)
- IVA (2014-2029)
- Establishments (2014-2029)
- Enterprises (2014-2029)
- Employment (2014-2029)
- Exports (2014-2029)
- Imports (2014-2029)
- Wages (2014-2029)
Methodology
How are IBISWorld reports created?
IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.
Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.
IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
What data sources do IBISWorld analysts use?
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources in the US include:
- US Census Bureau
- US Bureau of Labor Statistics
- US International Trade Commission
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
- Industry and trade associations
- Industry federations or regulators
- Major industry players annual or quarterly filings
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
How does IBISWorld forecast its data?
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.
Learn more about our methodology and data sourcing on the Help Center.
Frequently Asked Questions
Unlock comprehensive answers and precise data upon purchase. View purchase options.
What is the market size of the Sand & Gravel Mining in the US industry in United States in 2024?
The market size of the Sand & Gravel Mining in the US industry in United States is $18.9bn in 2024.
How many businesses are there in the Sand & Gravel Mining in the US industry in 2024?
There are 1,612 businesses in the Sand & Gravel Mining in the US industry in United States, which has grown at a CAGR of 1.0 % between 2019 and 2024.
Has the Sand & Gravel Mining in the US industry in United States grown or declined over the past 5 years?
The market size of the Sand & Gravel Mining in the US industry in United States has been growing at a CAGR of 0.4 % between 2019 and 2024.
What is the forecast growth of the Sand & Gravel Mining in the US industry in United States over the next 5 years?
Over the next five years, the Sand & Gravel Mining in the US industry in United States is expected to grow.
What are the biggest companies in the Sand & Gravel Mining in the US market in United States?
The biggest companies operating in the Sand & Gravel Mining market in United States are CRH PLC, Vulcan Materials Company and Heidelbergcement Ag
What does the Sand & Gravel Mining in the US in United States include?
Construction and mining and Gravel mining are part of the Sand & Gravel Mining in the US industry.
Which companies have the highest market share in the Sand & Gravel Mining in the US in United States?
The company holding the most market share in United States is CRH PLC.
How competitive is the Sand & Gravel Mining in the US industry in United States?
The level of competition is high and increasing in the Sand & Gravel Mining in the US industry in United States.
