| Product Code: ETC5750290 | 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 |
The Latvia epoxy import market saw significant growth in 2024, with top exporting countries being Germany, Spain, Thailand, and Norway. The Herfindahl-Hirschman Index (HHI) indicated low market concentration, fostering competition. The compound annual growth rate (CAGR) from 2020 to 2024 stood at a healthy 5.83%, with a notable growth rate of 17.28% from 2023 to 2024. This positive trend reflects a growing demand for epoxy imports in Latvia, potentially driven by various industries and infrastructure development projects.

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 Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Epoxy Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Epoxy Market - Industry Life Cycle |
3.4 Latvia Epoxy Market - Porter's Five Forces |
3.5 Latvia Epoxy Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Latvia Epoxy Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Latvia Epoxy Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for epoxy resins in construction and infrastructure projects |
4.2.2 Growing adoption of epoxy coatings in automotive and aerospace industries |
4.2.3 Rising awareness about the benefits of epoxy-based materials in terms of durability and sustainability |
4.3 Market Restraints |
4.3.1 Fluctuating prices of raw materials used in epoxy resin production |
4.3.2 Stringent regulations related to volatile organic compounds (VOCs) emissions from epoxy products |
4.3.3 Competition from alternative materials such as polyurethane and acrylic resins |
5 Latvia Epoxy Market Trends |
6 Latvia Epoxy Market Segmentations |
6.1 Latvia Epoxy Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Epoxy Market Revenues & Volume, By Liquid, 2021-2031F |
6.1.3 Latvia Epoxy Market Revenues & Volume, By Solid & Solution, 2021-2031F |
6.2 Latvia Epoxy Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Latvia Epoxy Market Revenues & Volume, By Construction, 2021-2031F |
6.2.3 Latvia Epoxy Market Revenues & Volume, By Automotive & transportation, 2021-2031F |
6.2.4 Latvia Epoxy Market Revenues & Volume, By Electrical & electronics, 2021-2031F |
6.2.5 Latvia Epoxy Market Revenues & Volume, By General industrial, 2021-2031F |
6.2.6 Latvia Epoxy Market Revenues & Volume, By Wind, 2021-2031F |
6.2.7 Latvia Epoxy Market Revenues & Volume, By Marine, 2021-2031F |
6.2.8 Latvia Epoxy Market Revenues & Volume, By Consumer goods, 2021-2031F |
6.2.9 Latvia Epoxy Market Revenues & Volume, By Consumer goods, 2021-2031F |
7 Latvia Epoxy Market Import-Export Trade Statistics |
7.1 Latvia Epoxy Market Export to Major Countries |
7.2 Latvia Epoxy Market Imports from Major Countries |
8 Latvia Epoxy Market Key Performance Indicators |
8.1 Number of new construction and infrastructure projects utilizing epoxy resins |
8.2 Percentage increase in epoxy coatings used in automotive and aerospace applications |
8.3 Adoption rate of epoxy-based materials in new industries or applications |
9 Latvia Epoxy Market - Opportunity Assessment |
9.1 Latvia Epoxy Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Latvia Epoxy Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Latvia Epoxy Market - Competitive Landscape |
10.1 Latvia Epoxy Market Revenue Share, By Companies, 2024 |
10.2 Latvia Epoxy 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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