In analyzing the forecast for active mines producing crude gypsum in California, the number of active mines remains constant at 3.9 for 2024 and 2025, followed by a slight decrease to 3.8 from 2026 to 2028. This suggests a stable production environment with a minor dip in activity. The forecasted 2024 figure mirrors the level observed in 2023, indicating no growth from the previous year. The compound annual growth rate (CAGR) over the last five years shows minimal variance, evidencing a largely stable market.
Looking ahead, potential trends to monitor include:
- Technological advancements in mining processes that could impact production efficiency.
- Regulatory changes affecting mining operations in California.
- Market demand shifts for gypsum, driven by advancements in construction and building materials.