| Product Code: ETC5668096 | 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 continues to be a key destination for hexane imports, with top suppliers including Russia, Poland, and Lithuania. The high Herfindahl-Hirschman Index (HHI) reflects a concentrated market in 2024. The impressive compound annual growth rate (CAGR) of 20.1% from 2020-24 indicates a thriving market, supported by a growth rate of 10.17% in 2024. These trends suggest a strong demand for hexane in Latvia, with potential opportunities for further market expansion and development.

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 Hexane Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Hexane Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Hexane Market - Industry Life Cycle |
3.4 Latvia Hexane Market - Porter's Five Forces |
3.5 Latvia Hexane Market Revenues & Volume Share, By Grade, 2021 & 2031F |
3.6 Latvia Hexane Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Latvia Hexane Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for hexane in the pharmaceutical industry for solvent extraction processes |
4.2.2 Growth in the cosmetics and personal care industry, where hexane is used in the production of perfumes and skincare products |
4.2.3 Rise in the automotive sector, leading to higher demand for hexane in adhesive formulations |
4.3 Market Restraints |
4.3.1 Fluctuating prices of crude oil, a key raw material for hexane production, impacting the overall cost of hexane |
4.3.2 Stringent environmental regulations regarding the use and disposal of hexane, leading to compliance challenges for manufacturers |
4.3.3 Availability of alternative solvents that are more environmentally friendly, posing a competitive threat to the hexane market |
5 Latvia Hexane Market Trends |
6 Latvia Hexane Market Segmentations |
6.1 Latvia Hexane Market, By Grade |
6.1.1 Overview and Analysis |
6.1.2 Latvia Hexane Market Revenues & Volume, By Oil Extraction/Food, 2021-2031F |
6.1.3 Latvia Hexane Market Revenues & Volume, By Pharmaceutical, 2021-2031F |
6.1.4 Latvia Hexane Market Revenues & Volume, By Industrial, 2021-2031F |
6.2 Latvia Hexane Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Latvia Hexane Market Revenues & Volume, By Oil Extraction, 2021-2031F |
6.2.3 Latvia Hexane Market Revenues & Volume, By Pharmaceutical, 2021-2031F |
6.2.4 Latvia Hexane Market Revenues & Volume, By Industrial Cleaning , 2021-2031F |
6.2.5 Latvia Hexane Market Revenues & Volume, By Degreasing, 2021-2031F |
6.2.6 Latvia Hexane Market Revenues & Volume, By Polymerization, 2021-2031F |
7 Latvia Hexane Market Import-Export Trade Statistics |
7.1 Latvia Hexane Market Export to Major Countries |
7.2 Latvia Hexane Market Imports from Major Countries |
8 Latvia Hexane Market Key Performance Indicators |
8.1 Number of new product launches incorporating hexane in the pharmaceutical and cosmetic industries |
8.2 Research and development investment in hexane-based formulations and applications |
8.3 Adoption rate of hexane-based products in key end-user industries |
9 Latvia Hexane Market - Opportunity Assessment |
9.1 Latvia Hexane Market Opportunity Assessment, By Grade, 2021 & 2031F |
9.2 Latvia Hexane Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Latvia Hexane Market - Competitive Landscape |
10.1 Latvia Hexane Market Revenue Share, By Companies, 2024 |
10.2 Latvia Hexane Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |