In 2023, the consumption of blasting agents and oxidizers in Colorado stood at 19.62 thousand metric tons. Looking forward, a declining trend is anticipated with values decreasing by 11.07% in 2024, 11.05% in 2025, 13.47% in 2026, and 13.63% in 2027. The compound annual growth rate (CAGR) forecast from 2024 to 2028 reflects a steady decrease in consumption, averaging approximately -12.71% annually.

Future trends to watch for include potential regulatory changes, shifts in demand from key industries such as mining and construction, and technological advances that may alter material requirements or efficiencies. Economic conditions in Colorado may also impact the consumption rates in subsequent years.

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