The forecast for the consumption of blasting agents and oxidizers in Maryland from 2024 to 2028 illustrates a gradual decline. In 2023, the consumption stood at an estimated 9.71 thousand metric tons. By 2028, the predicted consumption drops to 9.07 thousand metric tons, reflecting a consistent year-on-year decrease of approximately 1.3% in volume from the previous year. This equates to a Compound Annual Growth Rate (CAGR) of roughly -1.33% over the five-year forecast period.

Future trends to watch for:

Environmental regulations could impact the demand and usage of blasting agents.
Technological advancements might alter the types and efficiency of materials used.
Economic factors in construction and mining industries could influence consumption rates.