In 2023, the consumption of blasting agents and oxidizers in New Hampshire stood at an undefined base level, setting the stage for future estimations. The forecast for 2024 to 2028 shows a consistent downward trend in volume, decreasing from 4.39 to 3.62 thousand metric tons. This represents a year-on-year decline of approximately 4.56% in 2025, 4.53% in 2026, 4.75% in 2027, and 4.98% in 2028. The CAGR over this period is reflective of an average annual decrease.
Future trends to watch for include:
- Potential regulatory changes impacting the mining and construction industries.
- Technological advancements in blasting techniques causing shifts in demand.
- Economic factors influencing the infrastructure development rate in New Hampshire.
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