| Product Code: ETC4682851 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
Despite a negative CAGR from 2020 to 2024, Latvia saw a significant growth rate of 19.54% in ethyl acetate import shipments in 2024. The market witnessed a shift in concentration levels from very high in 2023 to high in 2024, indicating a more balanced distribution among top exporting countries such as Belgium, Lithuania, China, India, and the Netherlands. This diversification in sources could potentially lead to increased competition and market dynamics in the ethyl acetate import sector in Latvia.

The Ethyl acetate market in Latvia is projected to grow at a stable growth rate of 2.88% by 2027, within the Europe region led by Germany, along with other countries like United Kingdom, France, Italy and Russia, collectively shaping a dynamic and evolving market environment driven by innovation and increasing adoption of emerging technologies.

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 Ethyl acetate Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Ethyl acetate Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Ethyl acetate Market - Industry Life Cycle |
3.4 Latvia Ethyl acetate Market - Porter's Five Forces |
3.5 Latvia Ethyl acetate Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.6 Latvia Ethyl acetate Market Revenues & Volume Share, By End-Use Industry, 2021 & 2031F |
4 Latvia Ethyl acetate Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for ethyl acetate in the manufacturing of paints, coatings, adhesives, and pharmaceuticals |
4.2.2 Growth in the construction industry leading to higher consumption of ethyl acetate for paints and coatings |
4.2.3 Rising disposable incomes and changing lifestyles driving the demand for consumer goods, which utilize ethyl acetate as a solvent |
4.3 Market Restraints |
4.3.1 Fluctuating prices of raw materials like ethanol and acetic acid impacting the production cost of ethyl acetate |
4.3.2 Stringent environmental regulations leading to the need for sustainable production processes for ethyl acetate |
4.3.3 Competition from alternative solvents and chemicals affecting the market share of ethyl acetate |
5 Latvia Ethyl acetate Market Trends |
6 Latvia Ethyl acetate Market Segmentations |
6.1 Latvia Ethyl acetate Market, By Application |
6.1.1 Overview and Analysis |
6.1.2 Latvia Ethyl acetate Market Revenues & Volume, By Adhesives & Sealants, 2021-2031F |
6.1.3 Latvia Ethyl acetate Market Revenues & Volume, By Coatings Formulations, 2021-2031F |
6.1.4 Latvia Ethyl acetate Market Revenues & Volume, By Pigments, 2021-2031F |
6.1.5 Latvia Ethyl acetate Market Revenues & Volume, By Flavor Enhancer, 2021-2031F |
6.1.6 Latvia Ethyl acetate Market Revenues & Volume, By Process Solvents, 2021-2031F |
6.1.7 Latvia Ethyl acetate Market Revenues & Volume, By Intermediates, 2021-2031F |
6.2 Latvia Ethyl acetate Market, By End-Use Industry |
6.2.1 Overview and Analysis |
6.2.2 Latvia Ethyl acetate Market Revenues & Volume, By Food & Beverage, 2021-2031F |
6.2.3 Latvia Ethyl acetate Market Revenues & Volume, By Paints & Coatings, 2021-2031F |
6.2.4 Latvia Ethyl acetate Market Revenues & Volume, By Pharmaceuticals, 2021-2031F |
6.2.5 Latvia Ethyl acetate Market Revenues & Volume, By Automotive, 2021-2031F |
6.2.6 Latvia Ethyl acetate Market Revenues & Volume, By Artificial Leather, 2021-2031F |
6.2.7 Latvia Ethyl acetate Market Revenues & Volume, By Packaging, 2021-2031F |
7 Latvia Ethyl acetate Market Import-Export Trade Statistics |
7.1 Latvia Ethyl acetate Market Export to Major Countries |
7.2 Latvia Ethyl acetate Market Imports from Major Countries |
8 Latvia Ethyl acetate Market Key Performance Indicators |
8.1 Environmental Impact Index: measuring the sustainability of ethyl acetate production processes |
8.2 Ethanol and Acetic Acid Price Index: tracking the cost of key raw materials |
8.3 Consumer Goods Production Index: reflecting the demand for products using ethyl acetate as a solvent |
8.4 Export Market Diversification Ratio: assessing the geographical spread of ethyl acetate exports |
9 Latvia Ethyl acetate Market - Opportunity Assessment |
9.1 Latvia Ethyl acetate Market Opportunity Assessment, By Application, 2021 & 2031F |
9.2 Latvia Ethyl acetate Market Opportunity Assessment, By End-Use Industry, 2021 & 2031F |
10 Latvia Ethyl acetate Market - Competitive Landscape |
10.1 Latvia Ethyl acetate Market Revenue Share, By Companies, 2024 |
10.2 Latvia Ethyl acetate Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |