| Product Code: ETC12864565 | Publication Date: Apr 2025 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sachin Kumar Rai | No. of Pages: 65 | No. of Figures: 34 | No. of Tables: 19 |
In 2024, Latvia continued to heavily rely on imports of isopentane, with top suppliers being Russia, Poland, Belgium, Germany, and Lithuania. The market remained highly concentrated with a high Herfindahl-Hirschman Index (HHI). The compound annual growth rate (CAGR) from 2020 to 2024 was strong at 25.3%, indicating a growing demand for isopentane in Latvia. Furthermore, the growth rate from 2023 to 2024 stood at an impressive 11.69%, suggesting a continued upward trend in the import shipments of isopentane to 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 Isopentane Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Isopentane Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Isopentane Market - Industry Life Cycle |
3.4 Latvia Isopentane Market - Porter's Five Forces |
3.5 Latvia Isopentane Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.6 Latvia Isopentane Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.7 Latvia Isopentane Market Revenues & Volume Share, By End User, 2021 & 2031F |
3.8 Latvia Isopentane Market Revenues & Volume Share, By Processing Method, 2021 & 2031F |
4 Latvia Isopentane Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for isopentane as a solvent in various industries such as paints, coatings, and pharmaceuticals. |
4.2.2 Growth in the construction sector leading to higher consumption of isopentane in insulation materials. |
4.2.3 Rising investments in research and development for the development of new applications for isopentane. |
4.3 Market Restraints |
4.3.1 Volatility in raw material prices impacting the production cost of isopentane. |
4.3.2 Stringent regulations and environmental concerns regarding the use of isopentane in certain applications. |
5 Latvia Isopentane Market Trends |
6 Latvia Isopentane Market, By Types |
6.1 Latvia Isopentane Market, By Application |
6.1.1 Overview and Analysis |
6.1.2 Latvia Isopentane Market Revenues & Volume, By Application, 2021 - 2031F |
6.1.3 Latvia Isopentane Market Revenues & Volume, By Blowing Agents, 2021 - 2031F |
6.1.4 Latvia Isopentane Market Revenues & Volume, By Solvents, 2021 - 2031F |
6.1.5 Latvia Isopentane Market Revenues & Volume, By Aerosols, 2021 - 2031F |
6.1.6 Latvia Isopentane Market Revenues & Volume, By Refrigerants, 2021 - 2031F |
6.1.7 Latvia Isopentane Market Revenues & Volume, By Oil & Gas Extraction, 2021 - 2031F |
6.2 Latvia Isopentane Market, By Type |
6.2.1 Overview and Analysis |
6.2.2 Latvia Isopentane Market Revenues & Volume, By Pure Isopentane, 2021 - 2031F |
6.2.3 Latvia Isopentane Market Revenues & Volume, By Isopentane Blends, 2021 - 2031F |
6.3 Latvia Isopentane Market, By End User |
6.3.1 Overview and Analysis |
6.3.2 Latvia Isopentane Market Revenues & Volume, By Chemical Industry, 2021 - 2031F |
6.3.3 Latvia Isopentane Market Revenues & Volume, By Refrigeration Industry, 2021 - 2031F |
6.3.4 Latvia Isopentane Market Revenues & Volume, By Oil & Gas Industry, 2021 - 2031F |
6.3.5 Latvia Isopentane Market Revenues & Volume, By Pharmaceuticals, 2021 - 2031F |
6.4 Latvia Isopentane Market, By Processing Method |
6.4.1 Overview and Analysis |
6.4.2 Latvia Isopentane Market Revenues & Volume, By Fractional Distillation, 2021 - 2031F |
6.4.3 Latvia Isopentane Market Revenues & Volume, By Catalytic Reforming, 2021 - 2031F |
7 Latvia Isopentane Market Import-Export Trade Statistics |
7.1 Latvia Isopentane Market Export to Major Countries |
7.2 Latvia Isopentane Market Imports from Major Countries |
8 Latvia Isopentane Market Key Performance Indicators |
8.1 Average selling price of isopentane in the Latvian market. |
8.2 Number of new applications or industries adopting isopentane as a solvent. |
8.3 Investment in infrastructure for storage and transportation of isopentane in Latvia. |
9 Latvia Isopentane Market - Opportunity Assessment |
9.1 Latvia Isopentane Market Opportunity Assessment, By Application, 2021 & 2031F |
9.2 Latvia Isopentane Market Opportunity Assessment, By Type, 2021 & 2031F |
9.3 Latvia Isopentane Market Opportunity Assessment, By End User, 2021 & 2031F |
9.4 Latvia Isopentane Market Opportunity Assessment, By Processing Method, 2021 & 2031F |
10 Latvia Isopentane Market - Competitive Landscape |
10.1 Latvia Isopentane Market Revenue Share, By Companies, 2024 |
10.2 Latvia Isopentane Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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