| Product Code: ETC5650806 | 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 friction modifiers in 2024 were primarily sourced from Belgium, Netherlands, Finland, Italy, and Germany. With a low Herfindahl-Hirschman Index (HHI) indicating low market concentration, the market remains competitive. The compound annual growth rate (CAGR) from 2020 to 2024 was steady at 1.4%, but the notable growth spike of 39.47% from 2023 to 2024 suggests a potential uptrend in demand for friction modifiers in Latvia. This dynamic market landscape presents opportunities for both domestic and international suppliers to capitalize on the growing 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 Friction Modifiers Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Friction Modifiers Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Friction Modifiers Market - Industry Life Cycle |
3.4 Latvia Friction Modifiers Market - Porter's Five Forces |
3.5 Latvia Friction Modifiers Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Latvia Friction Modifiers Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Latvia Friction Modifiers Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for fuel-efficient vehicles in Latvia |
4.2.2 Growing automotive industry in the region |
4.2.3 Focus on environmental sustainability and regulations promoting the use of friction modifiers |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices impacting production costs |
4.3.2 Intense competition among market players |
4.3.3 Economic instability affecting consumer spending on automotive products |
5 Latvia Friction Modifiers Market Trends |
6 Latvia Friction Modifiers Market Segmentations |
6.1 Latvia Friction Modifiers Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Friction Modifiers Market Revenues & Volume, By Organic , 2021-2031F |
6.1.3 Latvia Friction Modifiers Market Revenues & Volume, By Inorganic, 2021-2031F |
6.2 Latvia Friction Modifiers Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Latvia Friction Modifiers Market Revenues & Volume, By Transportation Lubricants, 2021-2031F |
6.2.3 Latvia Friction Modifiers Market Revenues & Volume, By Industrial Lubricants, 2021-2031F |
7 Latvia Friction Modifiers Market Import-Export Trade Statistics |
7.1 Latvia Friction Modifiers Market Export to Major Countries |
7.2 Latvia Friction Modifiers Market Imports from Major Countries |
8 Latvia Friction Modifiers Market Key Performance Indicators |
8.1 Research and development investment in eco-friendly friction modifiers |
8.2 Adoption rate of advanced friction modifier technologies in the automotive sector |
8.3 Number of partnerships or collaborations between friction modifier manufacturers and automotive companies. |
9 Latvia Friction Modifiers Market - Opportunity Assessment |
9.1 Latvia Friction Modifiers Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Latvia Friction Modifiers Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Latvia Friction Modifiers Market - Competitive Landscape |
10.1 Latvia Friction Modifiers Market Revenue Share, By Companies, 2024 |
10.2 Latvia Friction Modifiers Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |