The forecast for blasting agents and oxidizers sold for consumption in Montana indicates a gradual increase from 2024 to 2028. In 2023, the value stood at approximately 68.0 thousand metric tons. The year-on-year percentage increases are projected to be modest: 1.65% in 2025, 1.59% in 2026, 1.53% in 2027, and 1.49% in 2028. The compound annual growth rate (CAGR) over this five-year forecast period is expected to be around 1.56%, reflecting steady, albeit moderate, demand growth in Montana.
Future trends to watch for include potential changes in the mining industry, advancements in extraction technology, and regulatory impacts such as environmental policies, which could affect the consumption dynamics of blasting agents and oxidizers in the region.
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