In 2023, the consumption of blasting agents and oxidizers in Michigan stood at 35.00 thousand metric tons. The forecasted data indicates a steady annual increase, with values projected to rise to 36.37 thousand metric tons by 2028, showing a Compound Annual Growth Rate (CAGR) of approximately 0.76%. Year-on-year variations reflect a gradual increase: 0.82% from 2024 to 2025, 0.84% from 2025 to 2026, 0.78% from 2026 to 2027, and 0.77% from 2027 to 2028.
Future trends to monitor include:
- The impact of regulatory changes on consumption patterns.
- Technological advancements affecting demand dynamics.
- Shifts in industrial activities within Michigan that might influence these trends.
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