In 2023, the number of active crude gypsum mines in Iowa and Indiana stood at approximately 2.90. The forecast indicates a steady year-on-year decline in active mines, with a 6.6% annual decrease from 2024 to 2028. Specifically, the reported values are 2.72 in 2024 and projecting further down to 2 by 2028. The Compound Annual Growth Rate (CAGR) illustrates a significant downward trend over the five years, reflecting a challenging outlook for gypsum mining in these states.
Future trends to watch include:
- Potential technological advancements in mining activities that may alter operational efficiencies.
- Shifts in regulatory policies or environmental concerns influencing mining operations.
- Market demand fluctuations impacting gypsum production and mine viability.
- Potential consolidation or closure of mines exceeding profitability thresholds in the declining market landscape.
