| Product Code: ETC5728212 | 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 rely on imports of industrial absorbents, with top exporters being Germany, Lithuania, Italy, Russia, and Sweden. The high concentration of the Herfindahl-Hirschman Index (HHI) indicates a competitive market landscape. Despite a negative compound annual growth rate (CAGR) from 2020 to 2024, there was a notable growth spike in 2024 with a 28.8% increase in import shipments. This suggests a potential shift in market dynamics and opportunities for further growth and development in the industrial absorbents sector in Latvia.
| 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 Industrial Absorbents Market Overview | 
| 3.1 Latvia Country Macro Economic Indicators | 
| 3.2 Latvia Industrial Absorbents Market Revenues & Volume, 2021 & 2031F | 
| 3.3 Latvia Industrial Absorbents Market - Industry Life Cycle | 
| 3.4 Latvia Industrial Absorbents Market - Porter's Five Forces | 
| 3.5 Latvia Industrial Absorbents Market Revenues & Volume Share, By Material Type, 2021 & 2031F | 
| 3.6 Latvia Industrial Absorbents Market Revenues & Volume Share, By Product, 2021 & 2031F | 
| 3.7 Latvia Industrial Absorbents Market Revenues & Volume Share, By Type, 2021 & 2031F | 
| 3.8 Latvia Industrial Absorbents Market Revenues & Volume Share, By End-use Industry, 2021 & 2031F | 
| 4 Latvia Industrial Absorbents Market Dynamics | 
| 4.1 Impact Analysis | 
| 4.2 Market Drivers | 
| 4.2.1 Increasing focus on environmental sustainability and regulations regarding industrial waste management. | 
| 4.2.2 Growth in industrial activities and manufacturing sectors in Latvia. | 
| 4.2.3 Rising awareness about the benefits of using industrial absorbents for spill control and clean-up. | 
| 4.3 Market Restraints | 
| 4.3.1 Fluctuating raw material prices impacting production costs. | 
| 4.3.2 Competition from alternative spill control products or methods. | 
| 4.3.3 Economic uncertainties affecting industrial investments and expenditures. | 
| 5 Latvia Industrial Absorbents Market Trends | 
| 6 Latvia Industrial Absorbents Market Segmentations | 
| 6.1 Latvia Industrial Absorbents Market, By Material Type | 
| 6.1.1 Overview and Analysis | 
| 6.1.2 Latvia Industrial Absorbents Market Revenues & Volume, By Natural Organic & Inorganic, 2021-2031F | 
| 6.1.3 Latvia Industrial Absorbents Market Revenues & Volume, By Synthetic, 2021-2031F | 
| 6.2 Latvia Industrial Absorbents Market, By Product | 
| 6.2.1 Overview and Analysis | 
| 6.2.2 Latvia Industrial Absorbents Market Revenues & Volume, By Pads, 2021-2031F | 
| 6.2.3 Latvia Industrial Absorbents Market Revenues & Volume, By Rolls, 2021-2031F | 
| 6.2.4 Latvia Industrial Absorbents Market Revenues & Volume, By Pillows, 2021-2031F | 
| 6.2.5 Latvia Industrial Absorbents Market Revenues & Volume, By Granules, 2021-2031F | 
| 6.2.6 Latvia Industrial Absorbents Market Revenues & Volume, By Booms & Socks, 2021-2031F | 
| 6.2.7 Latvia Industrial Absorbents Market Revenues & Volume, By Sheets & Mats, 2021-2031F | 
| 6.3 Latvia Industrial Absorbents Market, By Type | 
| 6.3.1 Overview and Analysis | 
| 6.3.2 Latvia Industrial Absorbents Market Revenues & Volume, By Universal, 2021-2031F | 
| 6.3.3 Latvia Industrial Absorbents Market Revenues & Volume, By Oil-only, 2021-2031F | 
| 6.3.4 Latvia Industrial Absorbents Market Revenues & Volume, By HAZMAT, 2021-2031F | 
| 6.4 Latvia Industrial Absorbents Market, By End-use Industry | 
| 6.4.1 Overview and Analysis | 
| 6.4.2 Latvia Industrial Absorbents Market Revenues & Volume, By Oil & Gas, 2021-2031F | 
| 6.4.3 Latvia Industrial Absorbents Market Revenues & Volume, By Chemical, 2021-2031F | 
| 6.4.4 Latvia Industrial Absorbents Market Revenues & Volume, By Food Processing, 2021-2031F | 
| 6.4.5 Latvia Industrial Absorbents Market Revenues & Volume, By Healthcare, 2021-2031F | 
| 6.4.6 Latvia Industrial Absorbents Market Revenues & Volume, By Others, 2021-2031F | 
| 7 Latvia Industrial Absorbents Market Import-Export Trade Statistics | 
| 7.1 Latvia Industrial Absorbents Market Export to Major Countries | 
| 7.2 Latvia Industrial Absorbents Market Imports from Major Countries | 
| 8 Latvia Industrial Absorbents Market Key Performance Indicators | 
| 8.1 Percentage of industrial companies in Latvia adopting environmentally friendly practices. | 
| 8.2 Volume of industrial waste generated in Latvia. | 
| 8.3 Number of industrial absorbent product innovations introduced in the market. | 
| 8.4 Rate of compliance with environmental regulations by industrial facilities in Latvia. | 
| 8.5 Percentage of industrial accidents related to spills and leaks in Latvia. | 
| 9 Latvia Industrial Absorbents Market - Opportunity Assessment | 
| 9.1 Latvia Industrial Absorbents Market Opportunity Assessment, By Material Type, 2021 & 2031F | 
| 9.2 Latvia Industrial Absorbents Market Opportunity Assessment, By Product, 2021 & 2031F | 
| 9.3 Latvia Industrial Absorbents Market Opportunity Assessment, By Type, 2021 & 2031F | 
| 9.4 Latvia Industrial Absorbents Market Opportunity Assessment, By End-use Industry, 2021 & 2031F | 
| 10 Latvia Industrial Absorbents Market - Competitive Landscape | 
| 10.1 Latvia Industrial Absorbents Market Revenue Share, By Companies, 2024 | 
| 10.2 Latvia Industrial Absorbents Market Competitive Benchmarking, By Operating and Technical Parameters | 
| 11 Company Profiles | 
| 12 Recommendations | 13 Disclaimer |