| Product Code: ETC5714912 | 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 saw a steady growth in FRP tank imports with a CAGR of 7.82% from 2020 to 2024. Despite a slight decline in growth rate from 2023 to 2024 at -11.37%, top exporting countries such as Germany, Poland, China, Lithuania, and Italy continue to dominate the market. The Herfindahl-Hirschman Index (HHI) reflects very low concentration, indicating a competitive market landscape. This data suggests a resilient market for FRP tank imports in Latvia with diverse sources contributing to its supply chain stability.

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 FRP Tank Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia FRP Tank Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia FRP Tank Market - Industry Life Cycle |
3.4 Latvia FRP Tank Market - Porter's Five Forces |
3.5 Latvia FRP Tank Market Revenues & Volume Share, By Resin Type, 2021 & 2031F |
3.6 Latvia FRP Tank Market Revenues & Volume Share, By Fiber Type, 2021 & 2031F |
3.7 Latvia FRP Tank Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Latvia FRP Tank Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for sustainable and environmentally friendly solutions in industries such as water treatment, chemicals, and oil gas. |
4.2.2 Growth in infrastructure development projects in Latvia, leading to higher demand for storage and transportation solutions. |
4.2.3 Rising awareness about the benefits of FRP (Fiber Reinforced Plastic) tanks such as durability, corrosion resistance, and low maintenance requirements. |
4.3 Market Restraints |
4.3.1 Competition from alternative storage solutions like steel tanks or concrete tanks. |
4.3.2 Fluctuating raw material prices impacting the production cost of FRP tanks. |
4.3.3 Stringent regulations and standards related to the manufacturing and installation of FRP tanks. |
5 Latvia FRP Tank Market Trends |
6 Latvia FRP Tank Market Segmentations |
6.1 Latvia FRP Tank Market, By Resin Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia FRP Tank Market Revenues & Volume, By Polyester & Epoxy, 2021-2031F |
6.2 Latvia FRP Tank Market, By Fiber Type |
6.2.1 Overview and Analysis |
6.2.2 Latvia FRP Tank Market Revenues & Volume, By Carbon , 2021-2031F |
6.2.3 Latvia FRP Tank Market Revenues & Volume, By Glass, 2021-2031F |
6.3 Latvia FRP Tank Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Latvia FRP Tank Market Revenues & Volume, By Water & Waste Water Treatment, 2021-2031F |
6.3.3 Latvia FRP Tank Market Revenues & Volume, By Chemical, 2021-2031F |
6.3.4 Latvia FRP Tank Market Revenues & Volume, By Oil , 2021-2031F |
6.3.5 Latvia FRP Tank Market Revenues & Volume, By Gas, 2021-2031F |
6.3.6 Latvia FRP Tank Market Revenues & Volume, By Pulp & Paper, 2021-2031F |
6.3.7 Latvia FRP Tank Market Revenues & Volume, By Power, 2021-2031F |
7 Latvia FRP Tank Market Import-Export Trade Statistics |
7.1 Latvia FRP Tank Market Export to Major Countries |
7.2 Latvia FRP Tank Market Imports from Major Countries |
8 Latvia FRP Tank Market Key Performance Indicators |
8.1 Average lead time for manufacturing FRP tanks. |
8.2 Number of new infrastructure projects utilizing FRP tanks. |
8.3 Percentage of market penetration in key industries for FRP tanks. |
8.4 Customer satisfaction ratings on the performance and durability of FRP tanks. |
8.5 Percentage of repeat customers or customer retention rate for FRP tank suppliers. |
9 Latvia FRP Tank Market - Opportunity Assessment |
9.1 Latvia FRP Tank Market Opportunity Assessment, By Resin Type, 2021 & 2031F |
9.2 Latvia FRP Tank Market Opportunity Assessment, By Fiber Type, 2021 & 2031F |
9.3 Latvia FRP Tank Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Latvia FRP Tank Market - Competitive Landscape |
10.1 Latvia FRP Tank Market Revenue Share, By Companies, 2024 |
10.2 Latvia FRP Tank Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |