| Product Code: ETC5736458 | 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 saw a notable increase in liquid silicone rubber import shipments, with top exporting countries being Belgium, Germany, Lithuania, Turkey, and Poland. Despite a high concentration of the Herfindahl-Hirschman Index (HHI) in 2023, the market remained concentrated in 2024. The compound annual growth rate (CAGR) from 2020 to 2024 was robust at 21.36%, although there was a significant decline in growth rate from 2023 to 2024 at -58.87%. These trends suggest a dynamic market environment with shifting dynamics in the import of liquid silicone rubber 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 Liquid Silicone Rubber Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Liquid Silicone Rubber Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Liquid Silicone Rubber Market - Industry Life Cycle |
3.4 Latvia Liquid Silicone Rubber Market - Porter's Five Forces |
3.5 Latvia Liquid Silicone Rubber Market Revenues & Volume Share, By Grade, 2021 & 2031F |
3.6 Latvia Liquid Silicone Rubber Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.7 Latvia Liquid Silicone Rubber Market Revenues & Volume Share, By Technology, 2021 & 2031F |
4 Latvia Liquid Silicone Rubber Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing demand for liquid silicone rubber in the manufacturing sector due to its properties such as high thermal stability and resistance to chemicals. |
4.2.2 Increasing use of liquid silicone rubber in the healthcare industry for medical devices and implants. |
4.2.3 Rising awareness about the benefits of liquid silicone rubber in various applications such as automotive, electronics, and construction. |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices impacting the production cost of liquid silicone rubber. |
4.3.2 Stringent regulations and compliance requirements related to the use of liquid silicone rubber in certain industries. |
4.3.3 Competition from alternative materials in the market that may hinder the growth of liquid silicone rubber adoption. |
5 Latvia Liquid Silicone Rubber Market Trends |
6 Latvia Liquid Silicone Rubber Market Segmentations |
6.1 Latvia Liquid Silicone Rubber Market, By Grade |
6.1.1 Overview and Analysis |
6.1.2 Latvia Liquid Silicone Rubber Market Revenues & Volume, By Industrial, 2021-2031F |
6.1.3 Latvia Liquid Silicone Rubber Market Revenues & Volume, By Medical, 2021-2031F |
6.1.4 Latvia Liquid Silicone Rubber Market Revenues & Volume, By Food, 2021-2031F |
6.2 Latvia Liquid Silicone Rubber Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Latvia Liquid Silicone Rubber Market Revenues & Volume, By Automotive, 2021-2031F |
6.2.3 Latvia Liquid Silicone Rubber Market Revenues & Volume, By Medical Implants, 2021-2031F |
6.2.4 Latvia Liquid Silicone Rubber Market Revenues & Volume, By Medical Devices, 2021-2031F |
6.3 Latvia Liquid Silicone Rubber Market, By Technology |
6.3.1 Overview and Analysis |
6.3.2 Latvia Liquid Silicone Rubber Market Revenues & Volume, By Liquid Injection Molding System, 2021-2031F |
7 Latvia Liquid Silicone Rubber Market Import-Export Trade Statistics |
7.1 Latvia Liquid Silicone Rubber Market Export to Major Countries |
7.2 Latvia Liquid Silicone Rubber Market Imports from Major Countries |
8 Latvia Liquid Silicone Rubber Market Key Performance Indicators |
8.1 Research and development investment in new liquid silicone rubber formulations and applications. |
8.2 Number of patents filed for innovations in liquid silicone rubber technology. |
8.3 Adoption rate of liquid silicone rubber in emerging industries such as 3D printing or renewable energy. |
9 Latvia Liquid Silicone Rubber Market - Opportunity Assessment |
9.1 Latvia Liquid Silicone Rubber Market Opportunity Assessment, By Grade, 2021 & 2031F |
9.2 Latvia Liquid Silicone Rubber Market Opportunity Assessment, By Application, 2021 & 2031F |
9.3 Latvia Liquid Silicone Rubber Market Opportunity Assessment, By Technology, 2021 & 2031F |
10 Latvia Liquid Silicone Rubber Market - Competitive Landscape |
10.1 Latvia Liquid Silicone Rubber Market Revenue Share, By Companies, 2024 |
10.2 Latvia Liquid Silicone Rubber Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |