| Product Code: ETC7907406 | 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 |
In 2024, Latvia continued to rely heavily on chemical resistant coatings imports from Italy, Lithuania, Germany, Poland, and Bulgaria. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market. However, the industry experienced a significant decline with a negative Compound Annual Growth Rate (CAGR) of -20.48% from 2020-2024. The growth rate plummeted even further in 2024, with a staggering -89.79% decrease compared to the previous year. This trend suggests challenges and potential shifts in the chemical resistant coatings import market 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 Chemical Resistant Coatings Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Chemical Resistant Coatings Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Chemical Resistant Coatings Market - Industry Life Cycle |
3.4 Latvia Chemical Resistant Coatings Market - Porter's Five Forces |
3.5 Latvia Chemical Resistant Coatings Market Revenues & Volume Share, By Resin, 2021 & 2031F |
3.6 Latvia Chemical Resistant Coatings Market Revenues & Volume Share, By Technology, 2021 & 2031F |
3.7 Latvia Chemical Resistant Coatings Market Revenues & Volume Share, By End use, 2021 & 2031F |
4 Latvia Chemical Resistant Coatings Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing demand for chemical resistant coatings in industries such as manufacturing, automotive, and construction due to their protective properties. |
4.2.2 Increasing focus on infrastructure development and maintenance projects in Latvia, leading to a higher demand for durable coatings. |
4.2.3 Technological advancements in the chemical coatings industry, resulting in the development of more innovative and effective products. |
4.3 Market Restraints |
4.3.1 Fluctuations in raw material prices impacting the overall production costs of chemical resistant coatings. |
4.3.2 Stringent environmental regulations and compliance requirements affecting the formulation and usage of certain types of coatings. |
4.3.3 Competition from alternative coating solutions or materials that may offer similar protective properties at a lower cost. |
5 Latvia Chemical Resistant Coatings Market Trends |
6 Latvia Chemical Resistant Coatings Market, By Types |
6.1 Latvia Chemical Resistant Coatings Market, By Resin |
6.1.1 Overview and Analysis |
6.1.2 Latvia Chemical Resistant Coatings Market Revenues & Volume, By Resin, 2021- 2031F |
6.1.3 Latvia Chemical Resistant Coatings Market Revenues & Volume, By Epoxy, 2021- 2031F |
6.1.4 Latvia Chemical Resistant Coatings Market Revenues & Volume, By Polyester, 2021- 2031F |
6.1.5 Latvia Chemical Resistant Coatings Market Revenues & Volume, By Polyurethane, 2021- 2031F |
6.1.6 Latvia Chemical Resistant Coatings Market Revenues & Volume, By Fluoropolymers, 2021- 2031F |
6.1.7 Latvia Chemical Resistant Coatings Market Revenues & Volume, By Others, 2021- 2031F |
6.2 Latvia Chemical Resistant Coatings Market, By Technology |
6.2.1 Overview and Analysis |
6.2.2 Latvia Chemical Resistant Coatings Market Revenues & Volume, By Solvent-Borne, 2021- 2031F |
6.2.3 Latvia Chemical Resistant Coatings Market Revenues & Volume, By Water-Borne, 2021- 2031F |
6.2.4 Latvia Chemical Resistant Coatings Market Revenues & Volume, By 100% solids, 2021- 2031F |
6.2.5 Latvia Chemical Resistant Coatings Market Revenues & Volume, By Powder, 2021- 2031F |
6.2.6 Latvia Chemical Resistant Coatings Market Revenues & Volume, By Others, 2021- 2031F |
6.3 Latvia Chemical Resistant Coatings Market, By End use |
6.3.1 Overview and Analysis |
6.3.2 Latvia Chemical Resistant Coatings Market Revenues & Volume, By Chemical, 2021- 2031F |
6.3.3 Latvia Chemical Resistant Coatings Market Revenues & Volume, By Oil and Gas, 2021- 2031F |
6.3.4 Latvia Chemical Resistant Coatings Market Revenues & Volume, By Marine, 2021- 2031F |
6.3.5 Latvia Chemical Resistant Coatings Market Revenues & Volume, By Construction, 2021- 2031F |
6.3.6 Latvia Chemical Resistant Coatings Market Revenues & Volume, By Others, 2021- 2031F |
7 Latvia Chemical Resistant Coatings Market Import-Export Trade Statistics |
7.1 Latvia Chemical Resistant Coatings Market Export to Major Countries |
7.2 Latvia Chemical Resistant Coatings Market Imports from Major Countries |
8 Latvia Chemical Resistant Coatings Market Key Performance Indicators |
8.1 Research and development investment in new coating technologies. |
8.2 Number of patents filed or granted for innovative chemical resistant coating formulations. |
8.3 Percentage of repeat customers or customer retention rate for chemical resistant coatings. |
8.4 Rate of adoption of eco-friendly or sustainable coating solutions in the market. |
8.5 Number of collaborations or partnerships with key industry players for market expansion. |
9 Latvia Chemical Resistant Coatings Market - Opportunity Assessment |
9.1 Latvia Chemical Resistant Coatings Market Opportunity Assessment, By Resin, 2021 & 2031F |
9.2 Latvia Chemical Resistant Coatings Market Opportunity Assessment, By Technology, 2021 & 2031F |
9.3 Latvia Chemical Resistant Coatings Market Opportunity Assessment, By End use, 2021 & 2031F |
10 Latvia Chemical Resistant Coatings Market - Competitive Landscape |
10.1 Latvia Chemical Resistant Coatings Market Revenue Share, By Companies, 2024 |
10.2 Latvia Chemical Resistant Coatings Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |