The consumption of blasting agents and oxidizers in Rhode Island is projected to increase from 1.98 thousand metric tons in 2024 to 2.17 thousand metric tons by 2028. This steady upward trend suggests a compound annual growth rate (CAGR) of approximately 2.31% over the five-year period, demonstrating consistent market expansion.
Future trends to watch include potential regulatory changes impacting the industry and technological advancements that could alter consumption patterns. The ongoing demand in construction and mining sectors will also play a critical role in shaping the market's trajectory.
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