| Product Code: ETC12865141 | 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 saw a shift in the concentration of isopropyl alcohol technical material import shipments, moving from high concentration in 2023 to a more moderate level. Top exporting countries such as Lithuania, Belgium, Netherlands, Germany, and the UK played significant roles in supplying isopropyl alcohol to Latvia. Despite a negative CAGR of -12.87% from 2020-24, there was a notable growth rate of 11.55% from 2023-24. This indicates a potential resurgence in demand for isopropyl alcohol in Latvia, driven by imports from key European partners.

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 Isopropyl Alcohol Technical Material Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Isopropyl Alcohol Technical Material Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Isopropyl Alcohol Technical Material Market - Industry Life Cycle |
3.4 Latvia Isopropyl Alcohol Technical Material Market - Porter's Five Forces |
3.5 Latvia Isopropyl Alcohol Technical Material Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.6 Latvia Isopropyl Alcohol Technical Material Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.7 Latvia Isopropyl Alcohol Technical Material Market Revenues & Volume Share, By End User, 2021 & 2031F |
3.8 Latvia Isopropyl Alcohol Technical Material Market Revenues & Volume Share, By Processing Method, 2021 & 2031F |
4 Latvia Isopropyl Alcohol Technical Material Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for isopropyl alcohol in various industries such as pharmaceuticals, cosmetics, and electronics. |
4.2.2 Growing awareness about the benefits of using isopropyl alcohol as a cleaning agent and solvent. |
4.2.3 Favorable government regulations and initiatives supporting the use of isopropyl alcohol in manufacturing processes. |
4.3 Market Restraints |
4.3.1 Fluctuating prices of raw materials impacting the production cost of isopropyl alcohol. |
4.3.2 Intense competition from alternative solvents and cleaning agents in the market. |
4.3.3 Environmental concerns related to the disposal and waste management of isopropyl alcohol. |
5 Latvia Isopropyl Alcohol Technical Material Market Trends |
6 Latvia Isopropyl Alcohol Technical Material Market, By Types |
6.1 Latvia Isopropyl Alcohol Technical Material Market, By Application |
6.1.1 Overview and Analysis |
6.1.2 Latvia Isopropyl Alcohol Technical Material Market Revenues & Volume, By Application, 2021 - 2031F |
6.1.3 Latvia Isopropyl Alcohol Technical Material Market Revenues & Volume, By Industrial Solvents, 2021 - 2031F |
6.1.4 Latvia Isopropyl Alcohol Technical Material Market Revenues & Volume, By Disinfectants & Sanitizers, 2021 - 2031F |
6.1.5 Latvia Isopropyl Alcohol Technical Material Market Revenues & Volume, By Cosmetics & Personal Care, 2021 - 2031F |
6.1.6 Latvia Isopropyl Alcohol Technical Material Market Revenues & Volume, By Pharmaceuticals, 2021 - 2031F |
6.2 Latvia Isopropyl Alcohol Technical Material Market, By Type |
6.2.1 Overview and Analysis |
6.2.2 Latvia Isopropyl Alcohol Technical Material Market Revenues & Volume, By 99% Isopropyl Alcohol, 2021 - 2031F |
6.2.3 Latvia Isopropyl Alcohol Technical Material Market Revenues & Volume, By 70% Isopropyl Alcohol, 2021 - 2031F |
6.3 Latvia Isopropyl Alcohol Technical Material Market, By End User |
6.3.1 Overview and Analysis |
6.3.2 Latvia Isopropyl Alcohol Technical Material Market Revenues & Volume, By Healthcare Industry, 2021 - 2031F |
6.3.3 Latvia Isopropyl Alcohol Technical Material Market Revenues & Volume, By Manufacturing Industry, 2021 - 2031F |
6.3.4 Latvia Isopropyl Alcohol Technical Material Market Revenues & Volume, By Automotive Industry, 2021 - 2031F |
6.4 Latvia Isopropyl Alcohol Technical Material Market, By Processing Method |
6.4.1 Overview and Analysis |
6.4.2 Latvia Isopropyl Alcohol Technical Material Market Revenues & Volume, By Hydration Process, 2021 - 2031F |
6.4.3 Latvia Isopropyl Alcohol Technical Material Market Revenues & Volume, By Direct Propylene Oxidation, 2021 - 2031F |
7 Latvia Isopropyl Alcohol Technical Material Market Import-Export Trade Statistics |
7.1 Latvia Isopropyl Alcohol Technical Material Market Export to Major Countries |
7.2 Latvia Isopropyl Alcohol Technical Material Market Imports from Major Countries |
8 Latvia Isopropyl Alcohol Technical Material Market Key Performance Indicators |
8.1 Percentage growth in the number of industries adopting isopropyl alcohol as a key raw material. |
8.2 Rate of innovation and development of new applications for isopropyl alcohol. |
8.3 Compliance with environmental regulations and sustainability measures in the production and usage of isopropyl alcohol. |
9 Latvia Isopropyl Alcohol Technical Material Market - Opportunity Assessment |
9.1 Latvia Isopropyl Alcohol Technical Material Market Opportunity Assessment, By Application, 2021 & 2031F |
9.2 Latvia Isopropyl Alcohol Technical Material Market Opportunity Assessment, By Type, 2021 & 2031F |
9.3 Latvia Isopropyl Alcohol Technical Material Market Opportunity Assessment, By End User, 2021 & 2031F |
9.4 Latvia Isopropyl Alcohol Technical Material Market Opportunity Assessment, By Processing Method, 2021 & 2031F |
10 Latvia Isopropyl Alcohol Technical Material Market - Competitive Landscape |
10.1 Latvia Isopropyl Alcohol Technical Material Market Revenue Share, By Companies, 2024 |
10.2 Latvia Isopropyl Alcohol Technical Material 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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