| Product Code: ETC5689908 | 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 isocyanate import market saw significant growth in 2024, with top exporting countries including Belgium, Hungary, Germany, Slovakia, and the USA. The market concentration, as measured by the HHI, remained very high, indicating strong dominance by key players. The compound annual growth rate (CAGR) from 2020 to 2024 was 6.58%, demonstrating steady expansion over the years. Notably, the growth rate from 2023 to 2024 surged to an impressive 56.98%, highlighting a particularly rapid acceleration in import shipments during that period.

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 Isocyanate Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Isocyanate Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Isocyanate Market - Industry Life Cycle |
3.4 Latvia Isocyanate Market - Porter's Five Forces |
3.5 Latvia Isocyanate Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Latvia Isocyanate Market Revenues & Volume Share, By &Application, 2021 & 2031F |
4 Latvia Isocyanate Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for polyurethanes in various industries such as construction, automotive, and furniture. |
4.2.2 Growing construction sector in Latvia, leading to higher demand for insulation materials. |
4.2.3 Rising awareness about energy efficiency and sustainability, driving the adoption of isocyanate-based products. |
4.3 Market Restraints |
4.3.1 Volatility in raw material prices impacting the production cost of isocyanates. |
4.3.2 Stringent regulations related to environmental and health concerns associated with isocyanate usage. |
4.3.3 Competition from alternative materials such as bio-based or non-isocyanate polyurethanes. |
5 Latvia Isocyanate Market Trends |
6 Latvia Isocyanate Market Segmentations |
6.1 Latvia Isocyanate Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Isocyanate Market Revenues & Volume, By MDI, 2021-2031F |
6.1.3 Latvia Isocyanate Market Revenues & Volume, By TDI, 2021-2031F |
6.1.4 Latvia Isocyanate Market Revenues & Volume, By Aliphatic, 2021-2031F |
6.1.5 Latvia Isocyanate Market Revenues & Volume, By Others, 2021-2031F |
6.2 Latvia Isocyanate Market, By &Application |
6.2.1 Overview and Analysis |
6.2.2 Latvia Isocyanate Market Revenues & Volume, By Rigid Foam, 2021-2031F |
6.2.3 Latvia Isocyanate Market Revenues & Volume, By Flexible Foam, 2021-2031F |
6.2.4 Latvia Isocyanate Market Revenues & Volume, By Paints & Coatings, 2021-2031F |
6.2.5 Latvia Isocyanate Market Revenues & Volume, By Adhesive & Sealants, 2021-2031F |
6.2.6 Latvia Isocyanate Market Revenues & Volume, By Elastomers & Binders, 2021-2031F |
7 Latvia Isocyanate Market Import-Export Trade Statistics |
7.1 Latvia Isocyanate Market Export to Major Countries |
7.2 Latvia Isocyanate Market Imports from Major Countries |
8 Latvia Isocyanate Market Key Performance Indicators |
8.1 Research and development investment in eco-friendly isocyanate formulations. |
8.2 Adoption rate of isocyanate-based products in new industries or applications. |
8.3 Number of patents filed for innovative isocyanate production processes. |
8.4 Percentage of waste reduction in isocyanate manufacturing processes. |
9 Latvia Isocyanate Market - Opportunity Assessment |
9.1 Latvia Isocyanate Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Latvia Isocyanate Market Opportunity Assessment, By &Application, 2021 & 2031F |
10 Latvia Isocyanate Market - Competitive Landscape |
10.1 Latvia Isocyanate Market Revenue Share, By Companies, 2024 |
10.2 Latvia Isocyanate Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |