| Product Code: ETC7904218 | 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 |
The import shipments of aliphatic thinners to Latvia in 2024 saw a shift in concentration levels from moderate to low, indicating a more diversified market landscape. The top exporting countries to Latvia, including the Netherlands, Germany, Poland, Lithuania, and Estonia, continue to play a significant role in supplying these products. Despite a negative growth rate in 2024, the compound annual growth rate (CAGR) from 2020 to 2024 remained positive at 5.46%, reflecting steady expansion in the market over the years. The changing dynamics suggest opportunities for market players to adapt to evolving trends and competition.

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 Aliphatic Thinners Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Aliphatic Thinners Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Aliphatic Thinners Market - Industry Life Cycle |
3.4 Latvia Aliphatic Thinners Market - Porter's Five Forces |
3.5 Latvia Aliphatic Thinners Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 Latvia Aliphatic Thinners Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Latvia Aliphatic Thinners Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for eco-friendly and low-VOC (Volatile Organic Compounds) products |
4.2.2 Growth in the construction industry, leading to higher demand for paints and coatings |
4.2.3 Rising awareness about the benefits of using aliphatic thinners in various industrial applications |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices impacting production costs |
4.3.2 Stringent regulations and compliance standards related to environmental protection and worker safety |
5 Latvia Aliphatic Thinners Market Trends |
6 Latvia Aliphatic Thinners Market, By Types |
6.1 Latvia Aliphatic Thinners Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Aliphatic Thinners Market Revenues & Volume, By Product Type, 2021- 2031F |
6.1.3 Latvia Aliphatic Thinners Market Revenues & Volume, By Varnish Makers and Painters Naphtha, 2021- 2031F |
6.1.4 Latvia Aliphatic Thinners Market Revenues & Volume, By Mineral Spirit, 2021- 2031F |
6.1.5 Latvia Aliphatic Thinners Market Revenues & Volume, By Hexane, 2021- 2031F |
6.1.6 Latvia Aliphatic Thinners Market Revenues & Volume, By Heptane, 2021- 2031F |
6.1.7 Latvia Aliphatic Thinners Market Revenues & Volume, By Others, 2021- 2031F |
6.2 Latvia Aliphatic Thinners Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Latvia Aliphatic Thinners Market Revenues & Volume, By Paints and Coatings, 2021- 2031F |
6.2.3 Latvia Aliphatic Thinners Market Revenues & Volume, By Cleaning and Degreasing, 2021- 2031F |
6.2.4 Latvia Aliphatic Thinners Market Revenues & Volume, By Adhesives, 2021- 2031F |
6.2.5 Latvia Aliphatic Thinners Market Revenues & Volume, By Aerosols, 2021- 2031F |
6.2.6 Latvia Aliphatic Thinners Market Revenues & Volume, By Rubber and Polymer, 2021- 2031F |
6.2.7 Latvia Aliphatic Thinners Market Revenues & Volume, By Others, 2021- 2031F |
7 Latvia Aliphatic Thinners Market Import-Export Trade Statistics |
7.1 Latvia Aliphatic Thinners Market Export to Major Countries |
7.2 Latvia Aliphatic Thinners Market Imports from Major Countries |
8 Latvia Aliphatic Thinners Market Key Performance Indicators |
8.1 Adoption rate of eco-friendly aliphatic thinners in the market |
8.2 Investment in research and development for new product formulations |
8.3 Number of new construction projects utilizing aliphatic thinners |
8.4 Compliance rate with environmental and safety regulations |
8.5 Average production cost per unit of aliphatic thinners |
9 Latvia Aliphatic Thinners Market - Opportunity Assessment |
9.1 Latvia Aliphatic Thinners Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 Latvia Aliphatic Thinners Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Latvia Aliphatic Thinners Market - Competitive Landscape |
10.1 Latvia Aliphatic Thinners Market Revenue Share, By Companies, 2024 |
10.2 Latvia Aliphatic Thinners 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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