| Product Code: ETC4884213 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
In 2024, Latvia continued to heavily rely on imports of lithium hydride, with top exporting countries being Italy, Germany, Canada, Austria, and India. Despite a concerning high concentration level indicated by the Herfindahl-Hirschman Index (HHI), the market experienced significant growth with a notable increase in the growth rate from 2023 to 2024. However, the compound annual growth rate (CAGR) for the period 2020-2024 was negative at -16.81%, presenting challenges and opportunities for both importers and domestic producers in the lithium hydride market in 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 Lithium Hydride Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Lithium Hydride Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Lithium Hydride Market - Industry Life Cycle |
3.4 Latvia Lithium Hydride Market - Porter's Five Forces |
3.5 Latvia Lithium Hydride Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Latvia Lithium Hydride Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Latvia Lithium Hydride Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing demand for lithium hydride in the electronics industry for battery production |
4.2.2 Increasing investment in renewable energy projects driving the demand for lithium hydride in energy storage systems |
4.2.3 Favorable government policies promoting the adoption of electric vehicles using lithium hydride batteries |
4.3 Market Restraints |
4.3.1 Fluctuating prices of raw materials impacting the overall production cost |
4.3.2 Intense competition from other lithium compounds affecting market penetration |
5 Latvia Lithium Hydride Market Trends |
6 Latvia Lithium Hydride Market Segmentations |
6.1 Latvia Lithium Hydride Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Lithium Hydride Market Revenues & Volume, By 0.95, 2021-2031F |
6.1.3 Latvia Lithium Hydride Market Revenues & Volume, By 0.97, 2021-2031F |
6.1.4 Latvia Lithium Hydride Market Revenues & Volume, By 0.99, 2021-2031F |
6.1.5 Latvia Lithium Hydride Market Revenues & Volume, By Other, 2021-2031F |
6.2 Latvia Lithium Hydride Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Latvia Lithium Hydride Market Revenues & Volume, By Raw Material, 2021-2031F |
6.2.3 Latvia Lithium Hydride Market Revenues & Volume, By Hydrogen storage material, 2021-2031F |
6.2.4 Latvia Lithium Hydride Market Revenues & Volume, By Desiccant, 2021-2031F |
6.2.5 Latvia Lithium Hydride Market Revenues & Volume, By Reducing agent, 2021-2031F |
6.2.6 Latvia Lithium Hydride Market Revenues & Volume, By Other, 2021-2031F |
7 Latvia Lithium Hydride Market Import-Export Trade Statistics |
7.1 Latvia Lithium Hydride Market Export to Major Countries |
7.2 Latvia Lithium Hydride Market Imports from Major Countries |
8 Latvia Lithium Hydride Market Key Performance Indicators |
8.1 Research and development investment in lithium hydride technology advancements |
8.2 Percentage of lithium hydride used in electric vehicle batteries compared to other lithium compounds |
8.3 Number of partnerships and collaborations for expanding market reach and distribution channels. |
9 Latvia Lithium Hydride Market - Opportunity Assessment |
9.1 Latvia Lithium Hydride Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Latvia Lithium Hydride Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Latvia Lithium Hydride Market - Competitive Landscape |
10.1 Latvia Lithium Hydride Market Revenue Share, By Companies, 2024 |
10.2 Latvia Lithium Hydride Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |