| Product Code: ETC5732202 | 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 encapsulants in 2024 saw a shift in concentration from high to moderate, indicating a more balanced market landscape. The top exporting countries to Latvia, including Germany, USA, Poland, Lithuania, and Finland, continue to play a significant role in supplying encapsulants to meet the country`s demand. Despite a slight decline in growth rate from 2023 to 2024, the compound annual growth rate (CAGR) over the past five years remains positive at 2.63%, reflecting a steady expansion in the market for encapsulants 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 Encapsulants Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Encapsulants Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Encapsulants Market - Industry Life Cycle |
3.4 Latvia Encapsulants Market - Porter's Five Forces |
3.5 Latvia Encapsulants Market Revenues & Volume Share, By Chemistry, 2021 & 2031F |
3.6 Latvia Encapsulants Market Revenues & Volume Share, By Curing Type, 2021 & 2031F |
3.7 Latvia Encapsulants Market Revenues & Volume Share, By End Use Industry, 2021 & 2031F |
4 Latvia Encapsulants Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for renewable energy sources, leading to growth in solar panel installations, which require encapsulants for protection. |
4.2.2 Rise in electronic manufacturing activities in Latvia, driving the demand for encapsulants to protect electronic components. |
4.2.3 Advancements in material science and technology, leading to the development of innovative encapsulant solutions with enhanced properties. |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices impacting the production costs of encapsulants. |
4.3.2 Stringent regulations and standards governing the use of encapsulants, leading to compliance challenges for manufacturers. |
4.3.3 Intense competition in the encapsulants market, putting pressure on pricing and margins. |
5 Latvia Encapsulants Market Trends |
6 Latvia Encapsulants Market Segmentations |
6.1 Latvia Encapsulants Market, By Chemistry |
6.1.1 Overview and Analysis |
6.1.2 Latvia Encapsulants Market Revenues & Volume, By Epoxy, 2021-2031F |
6.1.3 Latvia Encapsulants Market Revenues & Volume, By Silicone, 2021-2031F |
6.1.4 Latvia Encapsulants Market Revenues & Volume, By Urethane, 2021-2031F |
6.2 Latvia Encapsulants Market, By Curing Type |
6.2.1 Overview and Analysis |
6.2.2 Latvia Encapsulants Market Revenues & Volume, By Room Temperature, 2021-2031F |
6.2.3 Latvia Encapsulants Market Revenues & Volume, By Heat Temperature, 2021-2031F |
6.2.4 Latvia Encapsulants Market Revenues & Volume, By UV, 2021-2031F |
6.3 Latvia Encapsulants Market, By End Use Industry |
6.3.1 Overview and Analysis |
6.3.2 Latvia Encapsulants Market Revenues & Volume, By Consumer Electronics, 2021-2031F |
6.3.3 Latvia Encapsulants Market Revenues & Volume, By Transportation, 2021-2031F |
6.3.4 Latvia Encapsulants Market Revenues & Volume, By Medical, 2021-2031F |
6.3.5 Latvia Encapsulants Market Revenues & Volume, By Energy & Power, 2021-2031F |
7 Latvia Encapsulants Market Import-Export Trade Statistics |
7.1 Latvia Encapsulants Market Export to Major Countries |
7.2 Latvia Encapsulants Market Imports from Major Countries |
8 Latvia Encapsulants Market Key Performance Indicators |
8.1 Research and development investment in new encapsulant technologies. |
8.2 Number of patents filed for encapsulant formulations. |
8.3 Adoption rate of eco-friendly encapsulant solutions in the market. |
8.4 Percentage of product recalls or failures related to encapsulants. |
8.5 Customer satisfaction levels with the performance of encapsulant products. |
9 Latvia Encapsulants Market - Opportunity Assessment |
9.1 Latvia Encapsulants Market Opportunity Assessment, By Chemistry, 2021 & 2031F |
9.2 Latvia Encapsulants Market Opportunity Assessment, By Curing Type, 2021 & 2031F |
9.3 Latvia Encapsulants Market Opportunity Assessment, By End Use Industry, 2021 & 2031F |
10 Latvia Encapsulants Market - Competitive Landscape |
10.1 Latvia Encapsulants Market Revenue Share, By Companies, 2024 |
10.2 Latvia Encapsulants Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |