| Product Code: ETC5741778 | 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 |
In 2024, Latvia continued to see significant industrial insulation import shipments primarily from Lithuania, Poland, Ukraine, Germany, and Czechia. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market, with limited diversification among suppliers. 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 at -1.03%. This suggests a stable yet competitive market environment for industrial insulation imports into Latvia, with potential opportunities for market expansion and strategic partnerships in the coming years.

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 Insulation Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Industrial Insulation Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Industrial Insulation Market - Industry Life Cycle |
3.4 Latvia Industrial Insulation Market - Porter's Five Forces |
3.5 Latvia Industrial Insulation Market Revenues & Volume Share, By Form, 2021 & 2031F |
3.6 Latvia Industrial Insulation Market Revenues & Volume Share, By Material, 2021 & 2031F |
3.7 Latvia Industrial Insulation Market Revenues & Volume Share, By End-use, 2021 & 2031F |
4 Latvia Industrial Insulation Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing focus on energy efficiency and sustainability in industrial operations |
4.2.2 Growing investments in infrastructure development projects |
4.2.3 Stringent regulations and policies promoting the use of insulation materials in industries |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices impacting production costs |
4.3.2 Limited awareness about the benefits of industrial insulation among small and medium enterprises |
4.3.3 Slow adoption rate of advanced insulation technologies in the market |
5 Latvia Industrial Insulation Market Trends |
6 Latvia Industrial Insulation Market Segmentations |
6.1 Latvia Industrial Insulation Market, By Form |
6.1.1 Overview and Analysis |
6.1.2 Latvia Industrial Insulation Market Revenues & Volume, By Pipe, 2021-2031F |
6.1.3 Latvia Industrial Insulation Market Revenues & Volume, By Blanket, 2021-2031F |
6.1.4 Latvia Industrial Insulation Market Revenues & Volume, By Board, 2021-2031F |
6.2 Latvia Industrial Insulation Market, By Material |
6.2.1 Overview and Analysis |
6.2.2 Latvia Industrial Insulation Market Revenues & Volume, By Mineral wool, 2021-2031F |
6.2.3 Latvia Industrial Insulation Market Revenues & Volume, By Calcium silicate, 2021-2031F |
6.2.4 Latvia Industrial Insulation Market Revenues & Volume, By Plastic foams, 2021-2031F |
6.3 Latvia Industrial Insulation Market, By End-use |
6.3.1 Overview and Analysis |
6.3.2 Latvia Industrial Insulation Market Revenues & Volume, By Power, 2021-2031F |
6.3.3 Latvia Industrial Insulation Market Revenues & Volume, By Oil & Petrochemical, 2021-2031F |
6.3.4 Latvia Industrial Insulation Market Revenues & Volume, By Gas, 2021-2031F |
6.3.5 Latvia Industrial Insulation Market Revenues & Volume, By Chemical, 2021-2031F |
6.3.6 Latvia Industrial Insulation Market Revenues & Volume, By Cement, 2021-2031F |
6.3.7 Latvia Industrial Insulation Market Revenues & Volume, By Food & Beverage, 2021-2031F |
7 Latvia Industrial Insulation Market Import-Export Trade Statistics |
7.1 Latvia Industrial Insulation Market Export to Major Countries |
7.2 Latvia Industrial Insulation Market Imports from Major Countries |
8 Latvia Industrial Insulation Market Key Performance Indicators |
8.1 Energy savings achieved by industrial facilities through insulation upgrades |
8.2 Number of new infrastructure projects incorporating industrial insulation solutions |
8.3 Percentage increase in the adoption of eco-friendly insulation materials in the market |
9 Latvia Industrial Insulation Market - Opportunity Assessment |
9.1 Latvia Industrial Insulation Market Opportunity Assessment, By Form, 2021 & 2031F |
9.2 Latvia Industrial Insulation Market Opportunity Assessment, By Material, 2021 & 2031F |
9.3 Latvia Industrial Insulation Market Opportunity Assessment, By End-use, 2021 & 2031F |
10 Latvia Industrial Insulation Market - Competitive Landscape |
10.1 Latvia Industrial Insulation Market Revenue Share, By Companies, 2024 |
10.2 Latvia Industrial Insulation Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |