| Product Code: ETC4909350 | Publication Date: Nov 2023 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 | |
In 2024, Latvia continued to see significant imports of hollow glass microspheres, with top exporters being China, Germany, Hong Kong, Denmark, and Poland. The high concentration of the Herfindahl-Hirschman Index (HHI) indicates a competitive market dominated by these key players. Despite a remarkable compound annual growth rate (CAGR) of 64.18% from 2020 to 2024, there was a slight decline in growth rate from 2023 to 2024 at -10.05%. This data suggests a dynamic market landscape for hollow glass microspheres in Latvia, influenced by both global economic trends and regional trade dynamics.
The Hollow Glass Microspheres market in Latvia is projected to grow at a growing growth rate of 6.28% by 2027, within the Europe region led by Germany, along with other countries like United Kingdom, France, Italy and Russia, collectively shaping a dynamic and evolving market environment driven by innovation and increasing adoption of emerging technologies.

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 Hollow Glass Microspheres Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Hollow Glass Microspheres Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Hollow Glass Microspheres Market - Industry Life Cycle |
3.4 Latvia Hollow Glass Microspheres Market - Porter's Five Forces |
3.5 Latvia Hollow Glass Microspheres Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Latvia Hollow Glass Microspheres Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Latvia Hollow Glass Microspheres Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing demand for lightweight materials in various industries such as construction, automotive, and aerospace. |
4.2.2 Increasing focus on energy efficiency and sustainability in building and construction projects. |
4.2.3 Rising investments in research and development for innovative applications of hollow glass microspheres. |
4.3 Market Restraints |
4.3.1 High production costs associated with hollow glass microspheres manufacturing. |
4.3.2 Limited awareness and understanding of the benefits of hollow glass microspheres among end-users. |
4.3.3 Stringent regulatory requirements and standards for the use of hollow glass microspheres in certain industries. |
5 Latvia Hollow Glass Microspheres Market Trends |
6 Latvia Hollow Glass Microspheres Market Segmentations |
6.1 Latvia Hollow Glass Microspheres Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Hollow Glass Microspheres Market Revenues & Volume, By Glass, 2021-2031F |
6.1.3 Latvia Hollow Glass Microspheres Market Revenues & Volume, By Others, 2021-2031F |
6.2 Latvia Hollow Glass Microspheres Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Latvia Hollow Glass Microspheres Market Revenues & Volume, By Automotive, 2021-2031F |
6.2.3 Latvia Hollow Glass Microspheres Market Revenues & Volume, By Aerospace & Defense, 2021-2031F |
6.2.4 Latvia Hollow Glass Microspheres Market Revenues & Volume, By Building & Construction, 2021-2031F |
6.2.5 Latvia Hollow Glass Microspheres Market Revenues & Volume, By Paints & Coatings, 2021-2031F |
6.2.6 Latvia Hollow Glass Microspheres Market Revenues & Volume, By Electrical & Electronics, 2021-2031F |
6.2.7 Latvia Hollow Glass Microspheres Market Revenues & Volume, By Cosmetics & Personal Care, 2021-2031F |
7 Latvia Hollow Glass Microspheres Market Import-Export Trade Statistics |
7.1 Latvia Hollow Glass Microspheres Market Export to Major Countries |
7.2 Latvia Hollow Glass Microspheres Market Imports from Major Countries |
8 Latvia Hollow Glass Microspheres Market Key Performance Indicators |
8.1 Average particle size distribution of hollow glass microspheres used in various applications. |
8.2 Number of patents filed for new technologies or applications related to hollow glass microspheres. |
8.3 Percentage of research and development budget allocated to the development of hollow glass microspheres. |
9 Latvia Hollow Glass Microspheres Market - Opportunity Assessment |
9.1 Latvia Hollow Glass Microspheres Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Latvia Hollow Glass Microspheres Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Latvia Hollow Glass Microspheres Market - Competitive Landscape |
10.1 Latvia Hollow Glass Microspheres Market Revenue Share, By Companies, 2024 |
10.2 Latvia Hollow Glass Microspheres Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |