The forecast for blasting agents and oxidizers consumption in Indiana indicates a gradual year-on-year decline from 2024 to 2028. Starting at 160.01 thousand metric tons in 2024, the consumption decreases to 149.79 thousand metric tons in 2028. This suggests an average decrease per year, quantified by a negative compound annual growth rate (CAGR) over this period. Historically, the value in 2023 was higher, though specific figures aren't provided. Over the last two years, the trend implies a steady decrease, highlighting shifting industrial needs or market adjustments.

Future trends to watch for include technological advancements in alternative energy sources, regulatory changes surrounding environmental impacts, and industry shifts that may further influence the demand for blasting agents and oxidizers in Indiana. Keeping an eye on infrastructural projects and industrial activities will also be crucial in anticipating changes in consumption levels.

Download as XLS

More about Chemical Explosive Industry 2025-2029