The consumption of blasting agents and oxidizers in North Carolina shows a declining trend from 2024 to 2028. In 2024, the forecasted volume stands at 13.13 thousand metric tons, decreasing annually to 11.15 thousand metric tons in 2028. The year-on-year variation indicates a steady decline, with annual decreases averaging around 3.96% over the five-year period. This reflects a Compound Annual Growth Rate (CAGR) of approximately -3.96%.
Future trends to watch for include:
- Regulatory changes impacting the use of blasting agents and oxidizers.
- Technological advancements driving efficiency and potentially reducing consumption.
- Economic factors, including construction and mining activities, that may influence demand patterns in the region.
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