| Product Code: ETC4951112 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
Latvia`s resin import market continues to thrive in 2024 with significant contributions from top exporters such as Finland, Germany, Italy, Portugal, and Belgium. The market concentration, while still high, has slightly decreased from the previous year. With a strong compound annual growth rate of 8.14% from 2020 to 2024 and an impressive growth rate of 22.14% in 2024, the Latvia resins import sector remains dynamic and promising for both domestic and international players.

In the Europe region, the Resins market in Latvia is projected to expand at a stable growth rate of 3.20% by 2027. The largest economy is Germany, followed by United Kingdom, France, Italy and Russia.

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 Resins Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Resins Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Resins Market - Industry Life Cycle |
3.4 Latvia Resins Market - Porter's Five Forces |
3.5 Latvia Resins Market Revenues & Volume Share Segmentations, 2021 & 2031F |
3.6 Latvia Resins Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.7 Latvia Resins Market Revenues & Volume Share, By End-users, 2021 & 2031F |
4 Latvia Resins Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing demand for eco-friendly and sustainable resins in Latvia |
4.2.2 Increasing investments in research and development for innovative resin products |
4.2.3 Expansion of end-use industries such as construction, automotive, and packaging in Latvia |
4.3 Market Restraints |
4.3.1 Fluctuating prices of raw materials used in resin production |
4.3.2 Regulatory challenges related to environmental and safety standards |
4.3.3 Competition from substitute materials like plastics and bio-based polymers |
5 Latvia Resins Market Trends |
6 Latvia Resins Market Segmentations |
6.1 Latvia Resins Market Segmentations |
6.1.1 Overview and Analysis |
6.1.2 Latvia Resins Market Revenues & Volume, By Unsaturated Polyester Resins, 2021-2031F |
6.1.3 Latvia Resins Market Revenues & Volume, By Alkyd Resins, 2021-2031F |
6.1.4 Latvia Resins Market Revenues & Volume, By Emulsion Polymers, 2021-2031F |
6.1.5 Latvia Resins Market Revenues & Volume, By Amino Resins, 2021-2031F |
6.1.6 Latvia Resins Market Revenues & Volume, By Polyester Resin, 2021-2031F |
6.1.7 Latvia Resins Market Revenues & Volume, By Polyurethane Resins, 2021-2031F |
6.1.9 Latvia Resins Market Revenues & Volume, By Others, 2021-2031F |
6.1.10 Latvia Resins Market Revenues & Volume, By Others, 2021-2031F |
6.2 Latvia Resins Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Latvia Resins Market Revenues & Volume, By ? Adhesives, 2021-2031F |
6.2.3 Latvia Resins Market Revenues & Volume, By Coatings, 2021-2031F |
6.2.4 Latvia Resins Market Revenues & Volume, By Composites, 2021-2031F |
6.2.5 Latvia Resins Market Revenues & Volume, By Packaging, 2021-2031F |
6.2.6 Latvia Resins Market Revenues & Volume, By Paints & Varnishes, 2021-2031F |
6.2.7 Latvia Resins Market Revenues & Volume, By Foundry Binders, 2021-2031F |
6.2.8 Latvia Resins Market Revenues & Volume, By Others, 2021-2031F |
6.2.9 Latvia Resins Market Revenues & Volume, By Others, 2021-2031F |
6.3 Latvia Resins Market, By End-users |
6.3.1 Overview and Analysis |
6.3.2 Latvia Resins Market Revenues & Volume, By Electrical and Electronics, 2021-2031F |
6.3.3 Latvia Resins Market Revenues & Volume, By Automotive, 2021-2031F |
6.3.4 Latvia Resins Market Revenues & Volume, By Civil Engineering, 2021-2031F |
6.3.5 Latvia Resins Market Revenues & Volume, By Marine and Shipbuilding, 2021-2031F |
6.3.6 Latvia Resins Market Revenues & Volume, By Healthcare, 2021-2031F |
6.3.7 Latvia Resins Market Revenues & Volume, By Oil & Gas, 2021-2031F |
6.3.8 Latvia Resins Market Revenues & Volume, By Others, 2021-2031F |
6.3.9 Latvia Resins Market Revenues & Volume, By Others, 2021-2031F |
7 Latvia Resins Market Import-Export Trade Statistics |
7.1 Latvia Resins Market Export to Major Countries |
7.2 Latvia Resins Market Imports from Major Countries |
8 Latvia Resins Market Key Performance Indicators |
8.1 Percentage of revenue generated from new eco-friendly resin products |
8.2 Research and development expenditure as a percentage of total revenue |
8.3 Market penetration rate of resins in key end-use industries in Latvia |
9 Latvia Resins Market - Opportunity Assessment |
9.1 Latvia Resins Market Opportunity Assessment Segmentations, 2021 & 2031F |
9.2 Latvia Resins Market Opportunity Assessment, By Application, 2021 & 2031F |
9.3 Latvia Resins Market Opportunity Assessment, By End-users, 2021 & 2031F |
10 Latvia Resins Market - Competitive Landscape |
10.1 Latvia Resins Market Revenue Share, By Companies, 2024 |
10.2 Latvia Resins Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |