| Product Code: ETC5716641 | 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 |
In 2024, Latvia continued to heavily rely on neighboring countries such as Lithuania, Poland, Ukraine, Germany, and Czechia for cold insulation material imports. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market, possibly leading to pricing power for suppliers. Despite a modest compound annual growth rate (CAGR) of 1.5% from 2020-2024, a slight decline in growth rate (-1.03%) from 2023-2024 suggests potential challenges or shifts in the market dynamics. Monitoring market trends and diversifying import sources may be crucial for stakeholders in the cold insulation material industry 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 Cold Insulation Material Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Cold Insulation Material Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Cold Insulation Material Market - Industry Life Cycle |
3.4 Latvia Cold Insulation Material Market - Porter's Five Forces |
3.5 Latvia Cold Insulation Material Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Latvia Cold Insulation Material Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Latvia Cold Insulation Material Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing focus on energy efficiency and sustainability in buildings |
4.2.2 Growing demand for cold insulation materials in the food and beverage industry |
4.2.3 Government regulations promoting the use of energy-efficient materials |
4.3 Market Restraints |
4.3.1 High initial investment costs for cold insulation materials |
4.3.2 Limited awareness about the benefits of cold insulation materials |
4.3.3 Fluctuating raw material prices impacting product costs |
5 Latvia Cold Insulation Material Market Trends |
6 Latvia Cold Insulation Material Market Segmentations |
6.1 Latvia Cold Insulation Material Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Cold Insulation Material Market Revenues & Volume, By Fiber Glass, 2021-2031F |
6.1.3 Latvia Cold Insulation Material Market Revenues & Volume, By Polyurethane Foam, 2021-2031F |
6.1.4 Latvia Cold Insulation Material Market Revenues & Volume, By Polystyrene Foam, 2021-2031F |
6.1.5 Latvia Cold Insulation Material Market Revenues & Volume, By Phenolic Foam & Others, 2021-2031F |
6.2 Latvia Cold Insulation Material Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Latvia Cold Insulation Material Market Revenues & Volume, By HVAC, 2021-2031F |
6.2.3 Latvia Cold Insulation Material Market Revenues & Volume, By Oil & Gas, 2021-2031F |
6.2.4 Latvia Cold Insulation Material Market Revenues & Volume, By Refrigeration, 2021-2031F |
6.2.5 Latvia Cold Insulation Material Market Revenues & Volume, By Chemicals , 2021-2031F |
6.2.6 Latvia Cold Insulation Material Market Revenues & Volume, By Others, 2021-2031F |
7 Latvia Cold Insulation Material Market Import-Export Trade Statistics |
7.1 Latvia Cold Insulation Material Market Export to Major Countries |
7.2 Latvia Cold Insulation Material Market Imports from Major Countries |
8 Latvia Cold Insulation Material Market Key Performance Indicators |
8.1 Energy savings achieved through the use of cold insulation materials |
8.2 Number of new building projects incorporating cold insulation materials |
8.3 Adoption rate of cold insulation materials in key industries such as pharmaceuticals and logistics |
9 Latvia Cold Insulation Material Market - Opportunity Assessment |
9.1 Latvia Cold Insulation Material Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Latvia Cold Insulation Material Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Latvia Cold Insulation Material Market - Competitive Landscape |
10.1 Latvia Cold Insulation Material Market Revenue Share, By Companies, 2024 |
10.2 Latvia Cold Insulation Material Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |