| Product Code: ETC5711986 | 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`s import shipments of hybrid composites saw a notable shift in concentration in 2024, moving from moderate to high concentration according to the Herfindahl-Hirschman Index (HHI). Top exporting countries like Germany, Lithuania, and Poland continued to dominate the market, with Italy and Belgium also playing significant roles. Despite a slight decline in growth rate from 2023 to 2024, the compound annual growth rate (CAGR) for the period of 2020-2024 remained strong at 13.48%. This data suggests a competitive market landscape in Latvia for hybrid composites, driven by key players from various European countries.

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 Hybrid Composites Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Hybrid Composites Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Hybrid Composites Market - Industry Life Cycle |
3.4 Latvia Hybrid Composites Market - Porter's Five Forces |
3.5 Latvia Hybrid Composites Market Revenues & Volume Share, By Resin, 2021 & 2031F |
3.6 Latvia Hybrid Composites Market Revenues & Volume Share, By End Use Industry, 2021 & 2031F |
3.7 Latvia Hybrid Composites Market Revenues & Volume Share, By Fiber Type, 2021 & 2031F |
4 Latvia Hybrid Composites Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for lightweight and high-performance materials in various industries |
4.2.2 Favorable government regulations promoting the use of hybrid composites for sustainability and environmental reasons |
4.3 Market Restraints |
4.3.1 High initial investment costs associated with the development and production of hybrid composites |
4.3.2 Limited awareness and understanding of the benefits of hybrid composites among end-users |
5 Latvia Hybrid Composites Market Trends |
6 Latvia Hybrid Composites Market Segmentations |
6.1 Latvia Hybrid Composites Market, By Resin |
6.1.1 Overview and Analysis |
6.1.2 Latvia Hybrid Composites Market Revenues & Volume, By Thermoset , 2021-2031F |
6.1.3 Latvia Hybrid Composites Market Revenues & Volume, By Thermoplastic, 2021-2031F |
6.2 Latvia Hybrid Composites Market, By End Use Industry |
6.2.1 Overview and Analysis |
6.2.2 Latvia Hybrid Composites Market Revenues & Volume, By Automotive & Transportation, 2021-2031F |
6.2.3 Latvia Hybrid Composites Market Revenues & Volume, By Aerospace & Defense, 2021-2031F |
6.2.4 Latvia Hybrid Composites Market Revenues & Volume, By Wind Energy, 2021-2031F |
6.2.5 Latvia Hybrid Composites Market Revenues & Volume, By Marine, 2021-2031F |
6.2.6 Latvia Hybrid Composites Market Revenues & Volume, By Sporting Goods, 2021-2031F |
6.3 Latvia Hybrid Composites Market, By Fiber Type |
6.3.1 Overview and Analysis |
6.3.2 Latvia Hybrid Composites Market Revenues & Volume, By Carbon/Glass and Glass/Carbon, 2021-2031F |
6.3.3 Latvia Hybrid Composites Market Revenues & Volume, By Aramid/Carbon, 2021-2031F |
6.3.4 Latvia Hybrid Composites Market Revenues & Volume, By HMPP/Carbon, 2021-2031F |
6.3.5 Latvia Hybrid Composites Market Revenues & Volume, By UHMWPE/Carbon, 2021-2031F |
6.3.6 Latvia Hybrid Composites Market Revenues & Volume, By Others, 2021-2031F |
7 Latvia Hybrid Composites Market Import-Export Trade Statistics |
7.1 Latvia Hybrid Composites Market Export to Major Countries |
7.2 Latvia Hybrid Composites Market Imports from Major Countries |
8 Latvia Hybrid Composites Market Key Performance Indicators |
8.1 Research and development investment in hybrid composite technologies |
8.2 Adoption rate of hybrid composites in key industries |
8.3 Number of new product launches utilizing hybrid composites |
8.4 Percentage of waste reduction achieved through the use of hybrid composites |
8.5 Energy efficiency improvements attributed to the use of hybrid composites |
9 Latvia Hybrid Composites Market - Opportunity Assessment |
9.1 Latvia Hybrid Composites Market Opportunity Assessment, By Resin, 2021 & 2031F |
9.2 Latvia Hybrid Composites Market Opportunity Assessment, By End Use Industry, 2021 & 2031F |
9.3 Latvia Hybrid Composites Market Opportunity Assessment, By Fiber Type, 2021 & 2031F |
10 Latvia Hybrid Composites Market - Competitive Landscape |
10.1 Latvia Hybrid Composites Market Revenue Share, By Companies, 2024 |
10.2 Latvia Hybrid Composites Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |