Global Concentrated Nitric Acid Market Report 2024: Trends, Forecast and Competitive Analysis 2018-2030 [Yahoo! Finance]
LSB Industries, Inc. (LXU)
Last lsb industries, inc. earnings: 2/24 04:05 pm
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Source: Yahoo! Finance
The global concentrated nitric acid market is expected to reach an estimated $22.1 billion by 2030 with a CAGR of 2.6% from 2024 to 2030. The future of the global concentrated nitric acid market looks promising with opportunities in the agrochemical, explosives, automotive, and electronics markets. The major drivers for this market are growing usage of polyurethane foam, synthetic rubber, and elastomers in the automobile industry, increasing need for ammonium nitrate, and growing use in the chemical and aerospace sectors. Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies concentrated nitric acid companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their cu
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