| Product Code: ETC5639767 | 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 cyclopentane import market in 2024 saw a shift in top exporting countries, with Metropolitan France, Lithuania, Spain, Poland, and Italy leading the pack. Despite a decrease in growth rate from 2023 to 2024, the market still maintained a high concentration level, indicating a competitive landscape. The compound annual growth rate (CAGR) from 2020 to 2024 was a robust 12.0%, reflecting a steady expansion in demand for cyclopentane in Latvia. Analyzing these trends can provide valuable insights for businesses looking to capitalize on opportunities in the Latvian cyclopentane market.

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 Cyclopentane Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Cyclopentane Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Cyclopentane Market - Industry Life Cycle |
3.4 Latvia Cyclopentane Market - Porter's Five Forces |
3.5 Latvia Cyclopentane Market Revenues & Volume Share, By Function, 2021 & 2031F |
3.6 Latvia Cyclopentane Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Latvia Cyclopentane Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for energy-efficient refrigeration and air conditioning systems |
4.2.2 Rising awareness about environmental concerns and regulations promoting the use of eco-friendly refrigerants like cyclopentane |
4.2.3 Growth in the construction sector leading to higher demand for insulation materials |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices impacting production costs |
4.3.2 Stringent regulations regarding the use and handling of cyclopentane in manufacturing processes |
5 Latvia Cyclopentane Market Trends |
6 Latvia Cyclopentane Market Segmentations |
6.1 Latvia Cyclopentane Market, By Function |
6.1.1 Overview and Analysis |
6.1.2 Latvia Cyclopentane Market Revenues & Volume, By Blowing agent & refrigerant, 2021-2031F |
6.1.3 Latvia Cyclopentane Market Revenues & Volume, By Solvent & reagent, 2021-2031F |
6.1.4 Latvia Cyclopentane Market Revenues & Volume, By Others, 2021-2031F |
6.2 Latvia Cyclopentane Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Latvia Cyclopentane Market Revenues & Volume, By Residential Refrigerator, 2021-2031F |
6.2.3 Latvia Cyclopentane Market Revenues & Volume, By Commercial Refrigerator, 2021-2031F |
6.2.4 Latvia Cyclopentane Market Revenues & Volume, By Insulated Containers And Sippers, 2021-2031F |
6.2.5 Latvia Cyclopentane Market Revenues & Volume, By Insulating Construction Material, 2021-2031F |
6.2.6 Latvia Cyclopentane Market Revenues & Volume, By Electrical & Electronics, 2021-2031F |
6.2.7 Latvia Cyclopentane Market Revenues & Volume, By Personal Care Products, 2021-2031F |
6.2.8 Latvia Cyclopentane Market Revenues & Volume, By Others, 2021-2031F |
6.2.9 Latvia Cyclopentane Market Revenues & Volume, By Others, 2021-2031F |
7 Latvia Cyclopentane Market Import-Export Trade Statistics |
7.1 Latvia Cyclopentane Market Export to Major Countries |
7.2 Latvia Cyclopentane Market Imports from Major Countries |
8 Latvia Cyclopentane Market Key Performance Indicators |
8.1 Energy efficiency ratings of refrigeration and air conditioning systems using cyclopentane |
8.2 Number of new construction projects utilizing cyclopentane-based insulation materials |
8.3 Research and development investment in improving cyclopentane production processes and applications |
9 Latvia Cyclopentane Market - Opportunity Assessment |
9.1 Latvia Cyclopentane Market Opportunity Assessment, By Function, 2021 & 2031F |
9.2 Latvia Cyclopentane Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Latvia Cyclopentane Market - Competitive Landscape |
10.1 Latvia Cyclopentane Market Revenue Share, By Companies, 2024 |
10.2 Latvia Cyclopentane Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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