| Product Code: ETC7910660 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Vasudha | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
Latvia`s import of expandable microspheres in 2024 continued to see significant growth, with a high concentration of shipments from top exporting countries including Finland, Belarus, Russia, UK, and Canada. The Herfindahl-Hirschman Index (HHI) indicated a concentration of imports among these countries. The compound annual growth rate (CAGR) from 2020 to 2024 was impressive at 23.96%, demonstrating a strong upward trend in demand. Moreover, the growth rate from 2023 to 2024 stood at 4.44%, indicating a steady expansion of import volumes in the 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 Expandable Microspheres Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Expandable Microspheres Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Expandable Microspheres Market - Industry Life Cycle |
3.4 Latvia Expandable Microspheres Market - Porter's Five Forces |
3.5 Latvia Expandable Microspheres Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 Latvia Expandable Microspheres Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.7 Latvia Expandable Microspheres Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.8 Latvia Expandable Microspheres Market Revenues & Volume Share, By End Users, 2021 & 2031F |
4 Latvia Expandable Microspheres Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for lightweight materials in industries such as automotive and construction |
4.2.2 Growing focus on energy efficiency and sustainability in manufacturing processes |
4.2.3 Rise in research and development activities for new applications of expandable microspheres |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices affecting production costs |
4.3.2 Limited awareness and understanding of expandable microspheres among end-users |
4.3.3 Stringent regulations related to the use of expandable microspheres in certain applications |
5 Latvia Expandable Microspheres Market Trends |
6 Latvia Expandable Microspheres Market, By Types |
6.1 Latvia Expandable Microspheres Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Expandable Microspheres Market Revenues & Volume, By Product Type, 2021- 2031F |
6.1.3 Latvia Expandable Microspheres Market Revenues & Volume, By Polyacrylic Ester (PAE), 2021- 2031F |
6.1.4 Latvia Expandable Microspheres Market Revenues & Volume, By Polyvinyl Acetate (PVA), 2021- 2031F |
6.1.5 Latvia Expandable Microspheres Market Revenues & Volume, By Vinyl Acetate Ethylene (VAE), 2021- 2031F |
6.1.6 Latvia Expandable Microspheres Market Revenues & Volume, By Synthetic Rubber Buildings and Infrastructure, 2021- 2031F |
6.1.7 Latvia Expandable Microspheres Market Revenues & Volume, By Transportation and Consumer Goods, 2021- 2031F |
6.2 Latvia Expandable Microspheres Market, By Type |
6.2.1 Overview and Analysis |
6.2.2 Latvia Expandable Microspheres Market Revenues & Volume, By Wet, 2021- 2031F |
6.2.3 Latvia Expandable Microspheres Market Revenues & Volume, By Dry, 2021- 2031F |
6.3 Latvia Expandable Microspheres Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Latvia Expandable Microspheres Market Revenues & Volume, By Lightweight Filler, 2021- 2031F |
6.3.3 Latvia Expandable Microspheres Market Revenues & Volume, By Blowing Agents, 2021- 2031F |
6.4 Latvia Expandable Microspheres Market, By End Users |
6.4.1 Overview and Analysis |
6.4.2 Latvia Expandable Microspheres Market Revenues & Volume, By Automotive, 2021- 2031F |
6.4.3 Latvia Expandable Microspheres Market Revenues & Volume, By Construction, 2021- 2031F |
6.4.4 Latvia Expandable Microspheres Market Revenues & Volume, By Sports and Leisure, 2021- 2031F |
6.4.5 Latvia Expandable Microspheres Market Revenues & Volume, By Consumer Goods, 2021- 2031F |
6.4.6 Latvia Expandable Microspheres Market Revenues & Volume, By Others, 2021- 2031F |
7 Latvia Expandable Microspheres Market Import-Export Trade Statistics |
7.1 Latvia Expandable Microspheres Market Export to Major Countries |
7.2 Latvia Expandable Microspheres Market Imports from Major Countries |
8 Latvia Expandable Microspheres Market Key Performance Indicators |
8.1 Average selling price of expandable microspheres |
8.2 Number of patents filed for innovative applications of expandable microspheres |
8.3 Percentage of research funding allocated to expandable microspheres development |
8.4 Growth rate of industries adopting expandable microspheres technology |
8.5 Number of collaborations and partnerships for expanding market reach |
9 Latvia Expandable Microspheres Market - Opportunity Assessment |
9.1 Latvia Expandable Microspheres Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 Latvia Expandable Microspheres Market Opportunity Assessment, By Type, 2021 & 2031F |
9.3 Latvia Expandable Microspheres Market Opportunity Assessment, By Application, 2021 & 2031F |
9.4 Latvia Expandable Microspheres Market Opportunity Assessment, By End Users, 2021 & 2031F |
10 Latvia Expandable Microspheres Market - Competitive Landscape |
10.1 Latvia Expandable Microspheres Market Revenue Share, By Companies, 2024 |
10.2 Latvia Expandable Microspheres 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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