| Product Code: ETC5710523 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
Latvia saw a significant increase in carbon fiber and carbon fiber reinforced plastic import shipments in 2024, with top exporters being Lithuania, Netherlands, Poland, Estonia, and Finland. The market concentration, as measured by the HHI, escalated from high to very high in just one year. Despite a notable negative CAGR of -30.16% from 2020 to 2024, there was a positive growth rate of 33.46% from 2023 to 2024. This indicates a recent surge in demand for these materials in Latvia, potentially driven by various industries seeking lightweight and durable solutions.

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 Carbon Fiber and Carbon Fiber Reinforced Plastic Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Carbon Fiber and Carbon Fiber Reinforced Plastic Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Carbon Fiber and Carbon Fiber Reinforced Plastic Market - Industry Life Cycle |
3.4 Latvia Carbon Fiber and Carbon Fiber Reinforced Plastic Market - Porter's Five Forces |
3.5 Latvia Carbon Fiber and Carbon Fiber Reinforced Plastic Market Revenues & Volume Share, By Source, 2021 & 2031F |
3.6 Latvia Carbon Fiber and Carbon Fiber Reinforced Plastic Market Revenues & Volume Share, By Precursor, 2021 & 2031F |
3.7 Latvia Carbon Fiber and Carbon Fiber Reinforced Plastic Market Revenues & Volume Share, By Resin, 2021 & 2031F |
3.8 Latvia Carbon Fiber and Carbon Fiber Reinforced Plastic Market Revenues & Volume Share, By End-use Industry, 2021 & 2031F |
3.9 Latvia Carbon Fiber and Carbon Fiber Reinforced Plastic Market Revenues & Volume Share, By Manufacturing Process, 2021 & 2031F |
4 Latvia Carbon Fiber and Carbon Fiber Reinforced Plastic Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing demand for lightweight and high-strength materials in automotive and aerospace industries |
4.2.2 Increasing focus on sustainability and environmental concerns driving the adoption of carbon fiber and carbon fiber reinforced plastics |
4.2.3 Technological advancements leading to the development of cost-effective manufacturing processes for carbon fiber products |
4.3 Market Restraints |
4.3.1 High production costs associated with carbon fiber and carbon fiber reinforced plastics |
4.3.2 Limited availability of raw materials such as precursors for carbon fiber production |
4.3.3 Challenges related to recycling and disposal of carbon fiber materials, leading to environmental concerns |
5 Latvia Carbon Fiber and Carbon Fiber Reinforced Plastic Market Trends |
6 Latvia Carbon Fiber and Carbon Fiber Reinforced Plastic Market Segmentations |
6.1 Latvia Carbon Fiber and Carbon Fiber Reinforced Plastic Market, By Source |
6.1.1 Overview and Analysis |
6.1.2 Latvia Carbon Fiber and Carbon Fiber Reinforced Plastic Market Revenues & Volume, By Virgin, 2021-2031F |
6.1.3 Latvia Carbon Fiber and Carbon Fiber Reinforced Plastic Market Revenues & Volume, By Recycled, 2021-2031F |
6.2 Latvia Carbon Fiber and Carbon Fiber Reinforced Plastic Market, By Precursor |
6.2.1 Overview and Analysis |
6.2.2 Latvia Carbon Fiber and Carbon Fiber Reinforced Plastic Market Revenues & Volume, By PAN, 2021-2031F |
6.2.3 Latvia Carbon Fiber and Carbon Fiber Reinforced Plastic Market Revenues & Volume, By Pitch, 2021-2031F |
6.2.4 Latvia Carbon Fiber and Carbon Fiber Reinforced Plastic Market Revenues & Volume, By Rayon, 2021-2031F |
6.3 Latvia Carbon Fiber and Carbon Fiber Reinforced Plastic Market, By Resin |
6.3.1 Overview and Analysis |
6.3.2 Latvia Carbon Fiber and Carbon Fiber Reinforced Plastic Market Revenues & Volume, By Thermosetting, 2021-2031F |
6.3.3 Latvia Carbon Fiber and Carbon Fiber Reinforced Plastic Market Revenues & Volume, By Thermoplastic, 2021-2031F |
6.4 Latvia Carbon Fiber and Carbon Fiber Reinforced Plastic Market, By End-use Industry |
6.4.1 Overview and Analysis |
6.4.2 Latvia Carbon Fiber and Carbon Fiber Reinforced Plastic Market Revenues & Volume, By Aerospace & Defense, 2021-2031F |
6.4.3 Latvia Carbon Fiber and Carbon Fiber Reinforced Plastic Market Revenues & Volume, By Wind Energy, 2021-2031F |
6.4.4 Latvia Carbon Fiber and Carbon Fiber Reinforced Plastic Market Revenues & Volume, By Automotive, 2021-2031F |
6.4.5 Latvia Carbon Fiber and Carbon Fiber Reinforced Plastic Market Revenues & Volume, By Sporting Goods, 2021-2031F |
6.4.6 Latvia Carbon Fiber and Carbon Fiber Reinforced Plastic Market Revenues & Volume, By Civil Engineering, 2021-2031F |
6.4.7 Latvia Carbon Fiber and Carbon Fiber Reinforced Plastic Market Revenues & Volume, By Pipe & Tank, 2021-2031F |
6.5 Latvia Carbon Fiber and Carbon Fiber Reinforced Plastic Market, By Manufacturing Process |
6.5.1 Overview and Analysis |
6.5.2 Latvia Carbon Fiber and Carbon Fiber Reinforced Plastic Market Revenues & Volume, By Lay-up, 2021-2031F |
6.5.3 Latvia Carbon Fiber and Carbon Fiber Reinforced Plastic Market Revenues & Volume, By Resin Transfer Molding, 2021-2031F |
6.5.4 Latvia Carbon Fiber and Carbon Fiber Reinforced Plastic Market Revenues & Volume, By Filament Winding, 2021-2031F |
6.5.5 Latvia Carbon Fiber and Carbon Fiber Reinforced Plastic Market Revenues & Volume, By Compression Molding, 2021-2031F |
6.5.6 Latvia Carbon Fiber and Carbon Fiber Reinforced Plastic Market Revenues & Volume, By Injection Molding, 2021-2031F |
6.5.7 Latvia Carbon Fiber and Carbon Fiber Reinforced Plastic Market Revenues & Volume, By Pultrusion, 2021-2031F |
7 Latvia Carbon Fiber and Carbon Fiber Reinforced Plastic Market Import-Export Trade Statistics |
7.1 Latvia Carbon Fiber and Carbon Fiber Reinforced Plastic Market Export to Major Countries |
7.2 Latvia Carbon Fiber and Carbon Fiber Reinforced Plastic Market Imports from Major Countries |
8 Latvia Carbon Fiber and Carbon Fiber Reinforced Plastic Market Key Performance Indicators |
8.1 Research and development investment in carbon fiber technology |
8.2 Adoption rate of carbon fiber materials in key industries |
8.3 Percentage of waste material recycled in the carbon fiber production process |
9 Latvia Carbon Fiber and Carbon Fiber Reinforced Plastic Market - Opportunity Assessment |
9.1 Latvia Carbon Fiber and Carbon Fiber Reinforced Plastic Market Opportunity Assessment, By Source, 2021 & 2031F |
9.2 Latvia Carbon Fiber and Carbon Fiber Reinforced Plastic Market Opportunity Assessment, By Precursor, 2021 & 2031F |
9.3 Latvia Carbon Fiber and Carbon Fiber Reinforced Plastic Market Opportunity Assessment, By Resin, 2021 & 2031F |
9.4 Latvia Carbon Fiber and Carbon Fiber Reinforced Plastic Market Opportunity Assessment, By End-use Industry, 2021 & 2031F |
9.5 Latvia Carbon Fiber and Carbon Fiber Reinforced Plastic Market Opportunity Assessment, By Manufacturing Process, 2021 & 2031F |
10 Latvia Carbon Fiber and Carbon Fiber Reinforced Plastic Market - Competitive Landscape |
10.1 Latvia Carbon Fiber and Carbon Fiber Reinforced Plastic Market Revenue Share, By Companies, 2024 |
10.2 Latvia Carbon Fiber and Carbon Fiber Reinforced Plastic Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |