The forecast data for crude mined gypsum production in Kansas, Oklahoma, and Texas indicates a steady growth trajectory from 2024 through 2028, reflecting a continuous rise in the market value. In 2023, the value stood slightly lower than the forecast for 2024, highlighting a positive outlook for the gypsum market in these states.
- Year-on-year growth rates show consistent increases from 2024 onwards, with the highest percentage increase forecasted between 2027 and 2028.- The Compound Annual Growth Rate (CAGR) over the five-year period from 2024 to 2028 is positive, suggesting a stable market demand and pricing for mined gypsum.
Future trends to watch for include potential impacts from environmental regulations affecting mining practices, technological advancements in gypsum extraction, and shifts in demand due to construction industry trends. Additionally, monitoring global supply chain dynamics and local market developments will be crucial for assessing future market conditions.
