Forecast: Blasting Agents and Oxidizers Sold for Consumption in the US

From 2016 to 2020, the US witnessed a significant decline in blasting agents and oxidizers consumption, dropping from 773.12 to 38.62 thousand metric tons. This represents a dramatic decrease across these years, indicating heightened regulation or reduced demand due to market or technological shifts. Over the last five years leading to 2023, we observe an average CAGR indicating further shrinking in volume, marking a stark contrast to prior volume levels. While no 2023 value information was provided, the negative trajectory implies a likely continuation of the decline or possible stabilization at low levels.

Looking to future trends, considerations should include innovations in safer explosives, changes in mining and construction activities, and environmental regulations. Market shifts towards alternative energy or new applications of blasting agents could alter current patterns. Monitoring these factors will be essential for forecasting and strategic planning.