| Product Code: ETC5122682 | 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 |
Latvia`s glass reinforced plastic import market in 2024 saw significant contributions from top exporting countries such as Germany, Poland, China, Lithuania, and Italy. Despite the diverse sources, market concentration, measured by the Herfindahl-Hirschman Index (HHI), remained low in 2024. The compound annual growth rate (CAGR) from 2020 to 2024 stood at a healthy 8.07%, indicating a steady expansion. However, there was a slight decline in growth rate from 2023 to 2024, showing a -11.21% decrease. This data suggests a stable market with opportunities for continued growth and competition among various exporters.

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 Glass Reinforced Plastic Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Glass Reinforced Plastic Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Glass Reinforced Plastic Market - Industry Life Cycle |
3.4 Latvia Glass Reinforced Plastic Market - Porter's Five Forces |
3.5 Latvia Glass Reinforced Plastic Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Latvia Glass Reinforced Plastic Market Revenues & Volume Share, By Method, 2021 & 2031F |
3.7 Latvia Glass Reinforced Plastic Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.8 Latvia Glass Reinforced Plastic Market Revenues & Volume Share, By End-Use, 2021 & 2031F |
4 Latvia Glass Reinforced Plastic Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for lightweight and durable materials in the construction and automotive sectors. |
4.2.2 Growing focus on sustainability and environmentally-friendly materials. |
4.2.3 Advancements in technology leading to improved quality and performance of glass reinforced plastic products. |
4.3 Market Restraints |
4.3.1 Fluctuations in raw material prices impacting production costs. |
4.3.2 Competition from alternative materials such as steel, aluminum, and carbon fiber. |
4.3.3 Lack of awareness and limited adoption of glass reinforced plastic in certain industries. |
5 Latvia Glass Reinforced Plastic Market Trends |
6 Latvia Glass Reinforced Plastic Market Segmentations |
6.1 Latvia Glass Reinforced Plastic Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Glass Reinforced Plastic Market Revenues & Volume, By Epoxy, 2021-2031F |
6.1.3 Latvia Glass Reinforced Plastic Market Revenues & Volume, By Polyester, 2021-2031F |
6.1.4 Latvia Glass Reinforced Plastic Market Revenues & Volume, By Vinyl Ester, 2021-2031F |
6.1.5 Latvia Glass Reinforced Plastic Market Revenues & Volume, By Polyurethane, 2021-2031F |
6.1.6 Latvia Glass Reinforced Plastic Market Revenues & Volume, By Others, 2021-2031F |
6.2 Latvia Glass Reinforced Plastic Market, By Method |
6.2.1 Overview and Analysis |
6.2.2 Latvia Glass Reinforced Plastic Market Revenues & Volume, By Moulding Method, 2021-2031F |
6.2.3 Latvia Glass Reinforced Plastic Market Revenues & Volume, By Pultrusion Method, 2021-2031F |
6.2.4 Latvia Glass Reinforced Plastic Market Revenues & Volume, By Layup, 2021-2031F |
6.2.5 Latvia Glass Reinforced Plastic Market Revenues & Volume, By Others, 2021-2031F |
6.3 Latvia Glass Reinforced Plastic Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Latvia Glass Reinforced Plastic Market Revenues & Volume, By Pipes and Tanks, 2021-2031F |
6.3.3 Latvia Glass Reinforced Plastic Market Revenues & Volume, By Wind Power Turbines, 2021-2031F |
6.3.4 Latvia Glass Reinforced Plastic Market Revenues & Volume, By Storage Containers, 2021-2031F |
6.3.5 Latvia Glass Reinforced Plastic Market Revenues & Volume, By Roofs, 2021-2031F |
6.3.6 Latvia Glass Reinforced Plastic Market Revenues & Volume, By Floor Gratings, 2021-2031F |
6.3.7 Latvia Glass Reinforced Plastic Market Revenues & Volume, By Steps and Stairs, 2021-2031F |
6.3.8 Latvia Glass Reinforced Plastic Market Revenues & Volume, By Others, 2021-2031F |
6.3.9 Latvia Glass Reinforced Plastic Market Revenues & Volume, By Others, 2021-2031F |
6.4 Latvia Glass Reinforced Plastic Market, By End-Use |
6.4.1 Overview and Analysis |
6.4.2 Latvia Glass Reinforced Plastic Market Revenues & Volume, By Building and Construction, 2021-2031F |
6.4.3 Latvia Glass Reinforced Plastic Market Revenues & Volume, By Transportation, 2021-2031F |
6.4.4 Latvia Glass Reinforced Plastic Market Revenues & Volume, By Electrical and Electronics, 2021-2031F |
6.4.5 Latvia Glass Reinforced Plastic Market Revenues & Volume, By Oil and Gas, 2021-2031F |
6.4.6 Latvia Glass Reinforced Plastic Market Revenues & Volume, By Mining, 2021-2031F |
6.4.7 Latvia Glass Reinforced Plastic Market Revenues & Volume, By Water and Wastewater, 2021-2031F |
7 Latvia Glass Reinforced Plastic Market Import-Export Trade Statistics |
7.1 Latvia Glass Reinforced Plastic Market Export to Major Countries |
7.2 Latvia Glass Reinforced Plastic Market Imports from Major Countries |
8 Latvia Glass Reinforced Plastic Market Key Performance Indicators |
8.1 Percentage increase in the number of construction projects using glass reinforced plastic. |
8.2 Number of new product developments and innovations in the glass reinforced plastic market. |
8.3 Growth in the number of partnerships and collaborations within the glass reinforced plastic industry. |
9 Latvia Glass Reinforced Plastic Market - Opportunity Assessment |
9.1 Latvia Glass Reinforced Plastic Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Latvia Glass Reinforced Plastic Market Opportunity Assessment, By Method, 2021 & 2031F |
9.3 Latvia Glass Reinforced Plastic Market Opportunity Assessment, By Application, 2021 & 2031F |
9.4 Latvia Glass Reinforced Plastic Market Opportunity Assessment, By End-Use, 2021 & 2031F |
10 Latvia Glass Reinforced Plastic Market - Competitive Landscape |
10.1 Latvia Glass Reinforced Plastic Market Revenue Share, By Companies, 2024 |
10.2 Latvia Glass Reinforced Plastic Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |