LET’S LOOK AT THE DATA

  • Growth

    Salt Lake County among fastest growing regions in U.S. - 15.75% population growth since 2010

  • Housing

    Census.gov shows Utah had nation’s fastest housing unit growth -, up 2.7% between July 1st, 2020 and July 1st, 2021 - with greatest growth in Utah and Salt Lake Counties.

  • Increasing Needs

    Mineralocity Aggregates, Inc. projects increased annual demand of over one million tons for construction aggregate products within Salt Lake Metro market between 2020-2025.

  • Supply Shortfall

    Mineralocity Aggregates, Inc. also estimates area demand for aggregates now outstrips available supply by over 8.6 million tons per year, and will continue to grow beyond 2025. If unavailable in the market, products must be shipped in by truck, measurably increasing both cost and emission impacts.

  • New Projects

    Market data indicates over 1200 area construction projects with a total value of over $18.8 billion now under development. All require varying quantities of aggregate. If unavailable locally, builders will tap outside sources, increasing shipping and environmental costs.

  • Current Capacity

    Industry estimates indicate that local and regional quarries now producing at or near capacity. Increased demand with static supply mean price increases for constructors and customers.

  • Market Potential

    Existing market deficit of 8.6 million tons of aggregate - at current wholesale prices, increasing to 10 million tons by 2025 – means a $100 million market opportunity for locally-produced aggregate products

  • Production Capacity

    All indicators point to continued growth and construction needs in the Salt Lake Metro market. Projections assume continued full productivity at all area quarries, a risky assumption.

  • Tomorrow’s Needs

    While certain anti-growth groups seek to close existing quarries and prohibit new ones, responsible growth strategies make developing new, economically and environmentally sustainable aggregate production facilities a must.

Where are things headed?

SOME QUICK FACTS ABOUT INFRASTRUCTURE

FACT: Utah’s population has grown at the country’s fastest rate for the past decade, adding more than 500,000 residents.

FACT: That means annual per capita demand for aggregate right here in Salt Lake County is around 10 tons. You read that right –TEN TONS per person per year.

FACT: Our rapidly growing area will require 258 MILLION TONS of various aggregates over the next 20 years.

FACT: Besides new construction, much of our infrastructure is badly deteriorated and in need of serious updating.

FACT: Aggregate is a constant for virtually every type of construction. Highways, bridges, water systems, waste systems, homes, condos, apartments, stores and office buildings, plus updated existing infrastructure, all require vast quantities of aggregate.

Importing materials from long distance is not a sustainable practice. Longer distances mean increased air emissions, greater road wear, excessive fuel use and higher costs. That makes Utah housing and infrastructure less affordable and less sustainable. Failing to develop new local materials sources has serious consequences for both our environment and economy.