The forecast for blasting agents and oxidizers sold for consumption in North Dakota shows a slight downward trend from 2024 to 2028, beginning at 1.92 thousand metric tons in 2024 and decreasing to 1.86 thousand metric tons in 2028. This trend reveals a consistent year-on-year contraction of approximately 0.5% to 1% from 2024 onwards. The compound annual growth rate (CAGR) over this period indicates a modest average annual reduction.
Future trends to watch for:
- Potential impact of regulatory changes in the mining and construction sectors on demand.
- Influence of technological advancements in blasting techniques potentially reducing the need for these agents.
- Fluctuations in commodity prices that could affect mining activities and thereby the consumption of blasting agents.
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