| Product Code: ETC10610485 | Publication Date: Apr 2025 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Bhawna Singh | No. of Pages: 65 | No. of Figures: 34 | No. of Tables: 19 |
In 2024, Latvia continued to heavily rely on imports of HVAC insulation, with top suppliers being Lithuania, Poland, Ukraine, Germany, and Czechia. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market. Despite a modest Compound Annual Growth Rate (CAGR) of 1.5% from 2020 to 2024, there was a slight decline in growth rate from 2023 to 2024 (-1.03%). This data suggests a stable but slightly decreasing demand for HVAC insulation imports in Latvia, highlighting the need for market monitoring and potential strategies for market expansion.

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 HVAC Insulation Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia HVAC Insulation Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia HVAC Insulation Market - Industry Life Cycle |
3.4 Latvia HVAC Insulation Market - Porter's Five Forces |
3.5 Latvia HVAC Insulation Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Latvia HVAC Insulation Market Revenues & Volume Share, By Material, 2021 & 2031F |
3.7 Latvia HVAC Insulation Market Revenues & Volume Share, By End Use, 2021 & 2031F |
3.8 Latvia HVAC Insulation Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Latvia HVAC Insulation Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing focus on energy efficiency in buildings |
4.2.2 Growing construction industry in Latvia |
4.2.3 Stringent regulations and policies promoting energy conservation in HVAC systems |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices |
4.3.2 High initial investment costs for HVAC insulation |
4.3.3 Lack of awareness about the benefits of HVAC insulation among consumers |
5 Latvia HVAC Insulation Market Trends |
6 Latvia HVAC Insulation Market, By Types |
6.1 Latvia HVAC Insulation Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia HVAC Insulation Market Revenues & Volume, By Type, 2021 - 2031F |
6.1.3 Latvia HVAC Insulation Market Revenues & Volume, By Duct Insulation, 2021 - 2031F |
6.1.4 Latvia HVAC Insulation Market Revenues & Volume, By Pipe Insulation, 2021 - 2031F |
6.1.5 Latvia HVAC Insulation Market Revenues & Volume, By Acoustic Insulation, 2021 - 2031F |
6.1.6 Latvia HVAC Insulation Market Revenues & Volume, By Blanket Insulation, 2021 - 2031F |
6.2 Latvia HVAC Insulation Market, By Material |
6.2.1 Overview and Analysis |
6.2.2 Latvia HVAC Insulation Market Revenues & Volume, By Fiberglass, 2021 - 2031F |
6.2.3 Latvia HVAC Insulation Market Revenues & Volume, By Foam, 2021 - 2031F |
6.2.4 Latvia HVAC Insulation Market Revenues & Volume, By Rubber, 2021 - 2031F |
6.2.5 Latvia HVAC Insulation Market Revenues & Volume, By Others, 2021 - 2031F |
6.3 Latvia HVAC Insulation Market, By End Use |
6.3.1 Overview and Analysis |
6.3.2 Latvia HVAC Insulation Market Revenues & Volume, By Residential, 2021 - 2031F |
6.3.3 Latvia HVAC Insulation Market Revenues & Volume, By Commercial, 2021 - 2031F |
6.3.4 Latvia HVAC Insulation Market Revenues & Volume, By Industrial, 2021 - 2031F |
6.3.5 Latvia HVAC Insulation Market Revenues & Volume, By Others, 2021 - 2031F |
6.4 Latvia HVAC Insulation Market, By Application |
6.4.1 Overview and Analysis |
6.4.2 Latvia HVAC Insulation Market Revenues & Volume, By HVAC Ducts, 2021 - 2031F |
6.4.3 Latvia HVAC Insulation Market Revenues & Volume, By Refrigeration, 2021 - 2031F |
6.4.4 Latvia HVAC Insulation Market Revenues & Volume, By Ventilation, 2021 - 2031F |
6.4.5 Latvia HVAC Insulation Market Revenues & Volume, By Air Conditioning, 2021 - 2031F |
7 Latvia HVAC Insulation Market Import-Export Trade Statistics |
7.1 Latvia HVAC Insulation Market Export to Major Countries |
7.2 Latvia HVAC Insulation Market Imports from Major Countries |
8 Latvia HVAC Insulation Market Key Performance Indicators |
8.1 Energy savings achieved through HVAC insulation installations |
8.2 Number of new construction projects incorporating energy-efficient HVAC systems |
8.3 Percentage of HVAC contractors trained in energy-efficient insulation techniques |
9 Latvia HVAC Insulation Market - Opportunity Assessment |
9.1 Latvia HVAC Insulation Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Latvia HVAC Insulation Market Opportunity Assessment, By Material, 2021 & 2031F |
9.3 Latvia HVAC Insulation Market Opportunity Assessment, By End Use, 2021 & 2031F |
9.4 Latvia HVAC Insulation Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Latvia HVAC Insulation Market - Competitive Landscape |
10.1 Latvia HVAC Insulation Market Revenue Share, By Companies, 2024 |
10.2 Latvia HVAC Insulation Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |