| Product Code: ETC5713316 | 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 experienced a steady increase in epoxy composite import shipments with a notable CAGR of 6.22% from 2020 to 2024. The top exporting countries to Latvia included Lithuania, Metropolitan France, Poland, China, and Germany. Despite this growth, the market remained highly competitive with a very low concentration level indicated by the HHI. The impressive growth rate of 10.12% from 2023 to 2024 suggests a promising outlook for the epoxy composite 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 Epoxy Composite Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Epoxy Composite Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Epoxy Composite Market - Industry Life Cycle |
3.4 Latvia Epoxy Composite Market - Porter's Five Forces |
3.5 Latvia Epoxy Composite Market Revenues & Volume Share, By Fiber Type, 2021 & 2031F |
3.6 Latvia Epoxy Composite Market Revenues & Volume Share, By Manufacturing Process, 2021 & 2031F |
4 Latvia Epoxy Composite Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for lightweight and high-strength materials in industries such as aerospace, automotive, and construction. |
4.2.2 Growing focus on sustainability and environmentally friendly products in the market. |
4.2.3 Advancements in technology leading to the development of innovative epoxy composite materials. |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices impacting the overall production cost. |
4.3.2 Lack of awareness and understanding about the benefits of epoxy composites among end-users. |
4.3.3 Stringent regulations and standards governing the use of epoxy composites in different applications. |
5 Latvia Epoxy Composite Market Trends |
6 Latvia Epoxy Composite Market Segmentations |
6.1 Latvia Epoxy Composite Market, By Fiber Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Epoxy Composite Market Revenues & Volume, By Glass, 2021-2031F |
6.1.3 Latvia Epoxy Composite Market Revenues & Volume, By Carbon, 2021-2031F |
6.2 Latvia Epoxy Composite Market, By Manufacturing Process |
6.2.1 Overview and Analysis |
6.2.2 Latvia Epoxy Composite Market Revenues & Volume, By Lay-up, 2021-2031F |
6.2.3 Latvia Epoxy Composite Market Revenues & Volume, By Compression Molding, 2021-2031F |
6.2.4 Latvia Epoxy Composite Market Revenues & Volume, By Resin Injection, 2021-2031F |
6.2.5 Latvia Epoxy Composite Market Revenues & Volume, By Resin Transfer Molding, 2021-2031F |
6.2.6 Latvia Epoxy Composite Market Revenues & Volume, By Filament Winding, 2021-2031F |
6.2.7 Latvia Epoxy Composite Market Revenues & Volume, By Pultrusion, 2021-2031F |
7 Latvia Epoxy Composite Market Import-Export Trade Statistics |
7.1 Latvia Epoxy Composite Market Export to Major Countries |
7.2 Latvia Epoxy Composite Market Imports from Major Countries |
8 Latvia Epoxy Composite Market Key Performance Indicators |
8.1 Research and development investment in new epoxy composite technologies. |
8.2 Number of patents filed for epoxy composite materials. |
8.3 Adoption rate of epoxy composites in key industries such as automotive and construction. |
8.4 Environmental impact assessments of epoxy composite production processes. |
8.5 Percentage of market share held by eco-friendly epoxy composite products. |
9 Latvia Epoxy Composite Market - Opportunity Assessment |
9.1 Latvia Epoxy Composite Market Opportunity Assessment, By Fiber Type, 2021 & 2031F |
9.2 Latvia Epoxy Composite Market Opportunity Assessment, By Manufacturing Process, 2021 & 2031F |
10 Latvia Epoxy Composite Market - Competitive Landscape |
10.1 Latvia Epoxy Composite Market Revenue Share, By Companies, 2024 |
10.2 Latvia Epoxy Composite 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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