| Product Code: ETC4727672 | 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 acrylic ester import market in 2024 continued to be dominated by key exporting countries such as Netherlands, Germany, and China, maintaining a high level of market concentration. The impressive compound annual growth rate (CAGR) of 26.25% from 2020 to 2024 indicates a robust expansion in demand for acrylic esters in Latvia. Furthermore, the growth rate of 4.12% from 2023 to 2024 suggests a steady upward trajectory in import shipments, highlighting the significance of these top exporting nations in supplying acrylic esters to the Latvian market.

The Acrylic ester market in Latvia is projected to grow at a stable growth rate of 0.53% by 2027, within the Europe region led by Germany, along with other countries like United Kingdom, France, Italy and Russia, collectively shaping a dynamic and evolving market environment driven by innovation and increasing adoption of emerging technologies.

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 ester Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Acrylic ester Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Acrylic ester Market - Industry Life Cycle |
3.4 Latvia Acrylic ester Market - Porter's Five Forces |
3.5 Latvia Acrylic ester Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Latvia Acrylic ester Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Latvia Acrylic ester Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for eco-friendly and sustainable products in various industries |
4.2.2 Growth in construction and automotive sectors leading to higher demand for acrylic esters |
4.2.3 Innovation and advancements in acrylic ester technology |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices impacting production costs |
4.3.2 Stringent regulatory requirements and environmental policies affecting market growth |
4.3.3 Competition from alternative materials such as polyvinyl acetate (PVA) and polyethylene |
5 Latvia Acrylic ester Market Trends |
6 Latvia Acrylic ester Market Segmentations |
6.1 Latvia Acrylic ester Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Acrylic ester Market Revenues & Volume, By Methyl Acrylate, 2021-2031F |
6.1.3 Latvia Acrylic ester Market Revenues & Volume, By Ethyl Acrylate, 2021-2031F |
6.1.4 Latvia Acrylic ester Market Revenues & Volume, By Butyl Acrylate, 2021-2031F |
6.1.5 Latvia Acrylic ester Market Revenues & Volume, By 2-EH Acrylate, 2021-2031F |
6.1.6 Latvia Acrylic ester Market Revenues & Volume, By Others, 2021-2031F |
6.2 Latvia Acrylic ester Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Latvia Acrylic ester Market Revenues & Volume, By Surface Coatings, 2021-2031F |
6.2.3 Latvia Acrylic ester Market Revenues & Volume, By Adhesives and Sealants, 2021-2031F |
6.2.4 Latvia Acrylic ester Market Revenues & Volume, By Plastic additives, 2021-2031F |
6.2.5 Latvia Acrylic ester Market Revenues & Volume, By Detergents, 2021-2031F |
6.2.6 Latvia Acrylic ester Market Revenues & Volume, By Textiles, 2021-2031F |
7 Latvia Acrylic ester Market Import-Export Trade Statistics |
7.1 Latvia Acrylic ester Market Export to Major Countries |
7.2 Latvia Acrylic ester Market Imports from Major Countries |
8 Latvia Acrylic ester Market Key Performance Indicators |
8.1 Research and development investment in acrylic ester technology advancements |
8.2 Adoption rate of eco-friendly acrylic ester products in the market |
8.3 Utilization rate of acrylic esters in key industries like construction and automotive |
8.4 Rate of compliance with environmental regulations in acrylic ester production |
8.5 Number of new applications for acrylic esters in different industries |
9 Latvia Acrylic ester Market - Opportunity Assessment |
9.1 Latvia Acrylic ester Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Latvia Acrylic ester Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Latvia Acrylic ester Market - Competitive Landscape |
10.1 Latvia Acrylic ester Market Revenue Share, By Companies, 2024 |
10.2 Latvia Acrylic ester 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.
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