| Product Code: ETC7903643 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sumit Sagar | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
Latvia continues to see a significant volume of acrylic elastomers imports in 2024, with top exporting countries being Poland, Belgium, Germany, Estonia, and the UK. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market, suggesting potential challenges for market competition. Despite a strong compound annual growth rate (CAGR) of 17.95% from 2020 to 2024, the negative growth rate of -31.24% from 2023 to 2024 raises concerns about a potential slowdown in the market. Monitoring market dynamics and competitive landscape will be crucial for stakeholders in the acrylic elastomers import industry 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 Acrylic Elastomers Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Acrylic Elastomers Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Acrylic Elastomers Market - Industry Life Cycle |
3.4 Latvia Acrylic Elastomers Market - Porter's Five Forces |
3.5 Latvia Acrylic Elastomers Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Latvia Acrylic Elastomers Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Latvia Acrylic Elastomers Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for acrylic elastomers in various industries such as automotive, construction, and electronics. |
4.2.2 Growing focus on sustainable and environmentally friendly materials, with acrylic elastomers being a viable option. |
4.2.3 Favorable properties of acrylic elastomers such as high heat resistance, durability, and chemical resistance. |
4.3 Market Restraints |
4.3.1 Fluctuating prices of raw materials used in acrylic elastomer production which can impact the overall cost. |
4.3.2 Competition from alternative materials like silicone elastomers and fluorocarbon elastomers. |
4.3.3 Regulatory challenges related to product certifications and compliance standards. |
5 Latvia Acrylic Elastomers Market Trends |
6 Latvia Acrylic Elastomers Market, By Types |
6.1 Latvia Acrylic Elastomers Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Acrylic Elastomers Market Revenues & Volume, By Type, 2021- 2031F |
6.1.3 Latvia Acrylic Elastomers Market Revenues & Volume, By Acrylic Co-Monomer Elastomer, 2021- 2031F |
6.1.4 Latvia Acrylic Elastomers Market Revenues & Volume, By Ethylene Acrylic Elastomers, 2021- 2031F |
6.2 Latvia Acrylic Elastomers Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Latvia Acrylic Elastomers Market Revenues & Volume, By Automotive, 2021- 2031F |
6.2.3 Latvia Acrylic Elastomers Market Revenues & Volume, By Construction, 2021- 2031F |
6.2.4 Latvia Acrylic Elastomers Market Revenues & Volume, By Industrial, 2021- 2031F |
7 Latvia Acrylic Elastomers Market Import-Export Trade Statistics |
7.1 Latvia Acrylic Elastomers Market Export to Major Countries |
7.2 Latvia Acrylic Elastomers Market Imports from Major Countries |
8 Latvia Acrylic Elastomers Market Key Performance Indicators |
8.1 Research and development investment in new acrylic elastomer formulations. |
8.2 Adoption rate of acrylic elastomers in key industries. |
8.3 Number of patents filed for acrylic elastomer innovations. |
8.4 Customer satisfaction levels with acrylic elastomer performance. |
8.5 Environmental impact metrics such as carbon footprint reduction achieved by using acrylic elastomers. |
9 Latvia Acrylic Elastomers Market - Opportunity Assessment |
9.1 Latvia Acrylic Elastomers Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Latvia Acrylic Elastomers Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Latvia Acrylic Elastomers Market - Competitive Landscape |
10.1 Latvia Acrylic Elastomers Market Revenue Share, By Companies, 2024 |
10.2 Latvia Acrylic Elastomers Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
To discover high-growth global markets and optimize your business strategy:
Click Here