| Product Code: ETC5251958 | Publication Date: Nov 2023 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 | |
Latvia`s butyl rubber import market in 2024 saw significant growth, with top exporting countries including Belgium, Russia, Finland, China, and the USA. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market, while the impressive Compound Annual Growth Rate (CAGR) of 30.99% from 2020 to 2024 demonstrates a thriving industry. The remarkable growth rate of 40.92% from 2023 to 2024 suggests a robust demand for butyl rubber in Latvia, highlighting the country`s strong reliance on imports for this essential material.
In the Europe region, the Butyl Rubber market in Latvia is projected to expand at a stable growth rate of 3.08% 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 Butyl Rubber Market Overview | 
| 3.1 Latvia Country Macro Economic Indicators | 
| 3.2 Latvia Butyl Rubber Market Revenues & Volume, 2021 & 2031F | 
| 3.3 Latvia Butyl Rubber Market - Industry Life Cycle | 
| 3.4 Latvia Butyl Rubber Market - Porter's Five Forces | 
| 3.5 Latvia Butyl Rubber Market Revenues & Volume Share, By Product Type, 2021 & 2031F | 
| 3.6 Latvia Butyl Rubber Market Revenues & Volume Share, By Application, 2021 & 2031F | 
| 4 Latvia Butyl Rubber Market Dynamics | 
| 4.1 Impact Analysis | 
| 4.2 Market Drivers | 
| 4.2.1 Increasing demand for butyl rubber in the automotive industry for manufacturing tires. | 
| 4.2.2 Growth in the construction sector leading to higher demand for butyl rubber-based sealants and adhesives. | 
| 4.2.3 Technological advancements in butyl rubber production processes improving efficiency and quality. | 
| 4.3 Market Restraints | 
| 4.3.1 Fluctuating prices of raw materials used in butyl rubber production impacting profit margins. | 
| 4.3.2 Environmental regulations and sustainability concerns affecting the production and usage of butyl rubber. | 
| 5 Latvia Butyl Rubber Market Trends | 
| 6 Latvia Butyl Rubber Market Segmentations | 
| 6.1 Latvia Butyl Rubber Market, By Product Type | 
| 6.1.1 Overview and Analysis | 
| 6.1.2 Latvia Butyl Rubber Market Revenues & Volume, By Regular Butyl Rubber, 2021-2031F | 
| 6.1.3 Latvia Butyl Rubber Market Revenues & Volume, By Halo Butyl Rubber, 2021-2031F | 
| 6.1.4 Latvia Butyl Rubber Market Revenues & Volume, By Bromo-Butyl Rubber, 2021-2031F | 
| 6.1.5 Latvia Butyl Rubber Market Revenues & Volume, By Chloro-Butyl Rubber, 2021-2031F | 
| 6.2 Latvia Butyl Rubber Market, By Application | 
| 6.2.1 Overview and Analysis | 
| 6.2.2 Latvia Butyl Rubber Market Revenues & Volume, By Tires & Tubes, 2021-2031F | 
| 6.2.3 Latvia Butyl Rubber Market Revenues & Volume, By Pharmaceuticals, 2021-2031F | 
| 6.2.4 Latvia Butyl Rubber Market Revenues & Volume, By Adhesives & Sealants, 2021-2031F | 
| 6.2.5 Latvia Butyl Rubber Market Revenues & Volume, By Automotive, 2021-2031F | 
| 6.2.6 Latvia Butyl Rubber Market Revenues & Volume, By Others, 2021-2031F | 
| 7 Latvia Butyl Rubber Market Import-Export Trade Statistics | 
| 7.1 Latvia Butyl Rubber Market Export to Major Countries | 
| 7.2 Latvia Butyl Rubber Market Imports from Major Countries | 
| 8 Latvia Butyl Rubber Market Key Performance Indicators | 
| 8.1 Percentage increase in the adoption of butyl rubber in the automotive sector. | 
| 8.2 Research and development investment in new applications for butyl rubber. | 
| 8.3 Improvement in production efficiency and reduction in waste generation in butyl rubber manufacturing processes. | 
| 9 Latvia Butyl Rubber Market - Opportunity Assessment | 
| 9.1 Latvia Butyl Rubber Market Opportunity Assessment, By Product Type, 2021 & 2031F | 
| 9.2 Latvia Butyl Rubber Market Opportunity Assessment, By Application, 2021 & 2031F | 
| 10 Latvia Butyl Rubber Market - Competitive Landscape | 
| 10.1 Latvia Butyl Rubber Market Revenue Share, By Companies, 2024 | 
| 10.2 Latvia Butyl Rubber Market Competitive Benchmarking, By Operating and Technical Parameters | 
| 11 Company Profiles | 
| 12 Recommendations | 13 Disclaimer |