| Product Code: ETC5720764 | 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`s import shipments of composite resin in 2024 were primarily sourced from top exporting countries including Germany, Spain, Thailand, and Norway. The market concentration, as measured by the Herfindahl-Hirschman Index (HHI), remained low in 2024, indicating a diverse import market. The compound annual growth rate (CAGR) from 2020 to 2024 was a healthy 5.82%, with a notable growth spike of 17.31% from 2023 to 2024, reflecting a positive trend in the demand for composite resin 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 Composite Resin Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Composite Resin Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Composite Resin Market - Industry Life Cycle |
3.4 Latvia Composite Resin Market - Porter's Five Forces |
3.5 Latvia Composite Resin Market Revenues & Volume Share, By Resin Type, 2021 & 2031F |
3.6 Latvia Composite Resin Market Revenues & Volume Share, By Manufacturing Process, 2021 & 2031F |
3.7 Latvia Composite Resin Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Latvia Composite Resin Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for lightweight and durable materials in industries such as automotive and construction. |
4.2.2 Growing focus on sustainable and eco-friendly products. |
4.2.3 Technological advancements leading to the development of high-performance composite resins. |
4.3 Market Restraints |
4.3.1 Fluctuations in raw material prices impacting production costs. |
4.3.2 Limited awareness and adoption of composite resins in certain industries. |
4.3.3 Stringent regulations and standards governing the use of composite resins. |
5 Latvia Composite Resin Market Trends |
6 Latvia Composite Resin Market Segmentations |
6.1 Latvia Composite Resin Market, By Resin Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Composite Resin Market Revenues & Volume, By Thermoset, 2021-2031F |
6.1.3 Latvia Composite Resin Market Revenues & Volume, By Thermoplastic, 2021-2031F |
6.2 Latvia Composite Resin Market, By Manufacturing Process |
6.2.1 Overview and Analysis |
6.2.2 Latvia Composite Resin Market Revenues & Volume, By Layup, 2021-2031F |
6.2.3 Latvia Composite Resin Market Revenues & Volume, By Filament Winding, 2021-2031F |
6.2.4 Latvia Composite Resin Market Revenues & Volume, By Injection Molding, 2021-2031F |
6.2.5 Latvia Composite Resin Market Revenues & Volume, By Pultrusion, 2021-2031F |
6.2.6 Latvia Composite Resin Market Revenues & Volume, By Compression Molding, 2021-2031F |
6.2.7 Latvia Composite Resin Market Revenues & Volume, By Resin Transfer Molding, 2021-2031F |
6.3 Latvia Composite Resin Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Latvia Composite Resin Market Revenues & Volume, By Construction & Infrastructure, 2021-2031F |
6.3.3 Latvia Composite Resin Market Revenues & Volume, By Transportation, 2021-2031F |
6.3.4 Latvia Composite Resin Market Revenues & Volume, By Electrical & Electronics, 2021-2031F |
6.3.5 Latvia Composite Resin Market Revenues & Volume, By Pipes & Tanks, 2021-2031F |
6.3.6 Latvia Composite Resin Market Revenues & Volume, By Wind Energy, 2021-2031F |
6.3.7 Latvia Composite Resin Market Revenues & Volume, By Marine, 2021-2031F |
6.3.8 Latvia Composite Resin Market Revenues & Volume, By Others, 2021-2031F |
6.3.9 Latvia Composite Resin Market Revenues & Volume, By Others, 2021-2031F |
7 Latvia Composite Resin Market Import-Export Trade Statistics |
7.1 Latvia Composite Resin Market Export to Major Countries |
7.2 Latvia Composite Resin Market Imports from Major Countries |
8 Latvia Composite Resin Market Key Performance Indicators |
8.1 Research and development investment in innovative composite resin technologies. |
8.2 Adoption rate of composite resins in key industries. |
8.3 Number of patents filed for new composite resin formulations. |
8.4 Environmental impact assessments and certifications for sustainable composite resin products. |
9 Latvia Composite Resin Market - Opportunity Assessment |
9.1 Latvia Composite Resin Market Opportunity Assessment, By Resin Type, 2021 & 2031F |
9.2 Latvia Composite Resin Market Opportunity Assessment, By Manufacturing Process, 2021 & 2031F |
9.3 Latvia Composite Resin Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Latvia Composite Resin Market - Competitive Landscape |
10.1 Latvia Composite Resin Market Revenue Share, By Companies, 2024 |
10.2 Latvia Composite Resin Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |