| Product Code: ETC7915703 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Summon Dutta | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
In 2024, Latvia continued to rely on neighboring countries for its mineral wool board insulation imports, with Lithuania, Poland, Ukraine, Estonia, and Belarus leading the way. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market, while the steady growth with a CAGR of 1.51 shows stability. The slight uptick in growth rate from 2023 to 2024 at 1.58 reflects a consistent demand for this insulation material in Latvia. Overall, the reliance on nearby suppliers and the steady growth trends suggest a stable market for mineral wool board insulation imports in Latvia.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Latvia Mineral Wool Board Insulation Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Mineral Wool Board Insulation Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Mineral Wool Board Insulation Market - Industry Life Cycle |
3.4 Latvia Mineral Wool Board Insulation Market - Porter's Five Forces |
3.5 Latvia Mineral Wool Board Insulation Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Latvia Mineral Wool Board Insulation Market Revenues & Volume Share, By Functionality, 2021 & 2031F |
3.7 Latvia Mineral Wool Board Insulation Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Latvia Mineral Wool Board Insulation Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for energy-efficient buildings in Latvia |
4.2.2 Growing awareness about the benefits of mineral wool board insulation |
4.2.3 Government initiatives promoting sustainable construction practices |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices impacting production costs |
4.3.2 Competition from alternative insulation materials |
4.3.3 Slowdown in construction activity due to economic factors |
5 Latvia Mineral Wool Board Insulation Market Trends |
6 Latvia Mineral Wool Board Insulation Market, By Types |
6.1 Latvia Mineral Wool Board Insulation Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Mineral Wool Board Insulation Market Revenues & Volume, By Type, 2021- 2031F |
6.1.3 Latvia Mineral Wool Board Insulation Market Revenues & Volume, By Rock Wool, 2021- 2031F |
6.1.4 Latvia Mineral Wool Board Insulation Market Revenues & Volume, By Glass Wool, 2021- 2031F |
6.1.5 Latvia Mineral Wool Board Insulation Market Revenues & Volume, By Others, 2021- 2031F |
6.2 Latvia Mineral Wool Board Insulation Market, By Functionality |
6.2.1 Overview and Analysis |
6.2.2 Latvia Mineral Wool Board Insulation Market Revenues & Volume, By Thermal Insulation, 2021- 2031F |
6.2.3 Latvia Mineral Wool Board Insulation Market Revenues & Volume, By Acoustic Insulation, 2021- 2031F |
6.2.4 Latvia Mineral Wool Board Insulation Market Revenues & Volume, By Others, 2021- 2031F |
6.3 Latvia Mineral Wool Board Insulation Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Latvia Mineral Wool Board Insulation Market Revenues & Volume, By Industrial, 2021- 2031F |
6.3.3 Latvia Mineral Wool Board Insulation Market Revenues & Volume, By Commercial, 2021- 2031F |
6.3.4 Latvia Mineral Wool Board Insulation Market Revenues & Volume, By Residential, 2021- 2031F |
6.3.5 Latvia Mineral Wool Board Insulation Market Revenues & Volume, By Others, 2021- 2031F |
7 Latvia Mineral Wool Board Insulation Market Import-Export Trade Statistics |
7.1 Latvia Mineral Wool Board Insulation Market Export to Major Countries |
7.2 Latvia Mineral Wool Board Insulation Market Imports from Major Countries |
8 Latvia Mineral Wool Board Insulation Market Key Performance Indicators |
8.1 Energy savings achieved by buildings using mineral wool board insulation |
8.2 Number of new construction projects utilizing mineral wool board insulation |
8.3 Adoption rate of energy efficiency standards in the construction industry |
9 Latvia Mineral Wool Board Insulation Market - Opportunity Assessment |
9.1 Latvia Mineral Wool Board Insulation Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Latvia Mineral Wool Board Insulation Market Opportunity Assessment, By Functionality, 2021 & 2031F |
9.3 Latvia Mineral Wool Board Insulation Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Latvia Mineral Wool Board Insulation Market - Competitive Landscape |
10.1 Latvia Mineral Wool Board Insulation Market Revenue Share, By Companies, 2024 |
10.2 Latvia Mineral Wool Board Insulation Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |