| Product Code: ETC4727938 | 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 |
Latvia`s methyl isobutyl ketone import market witnessed significant growth in 2024, with top exporting countries being Germany, Poland, China, Estonia, and Belgium. Despite a high concentration level in 2023, the market saw a slight decrease in concentration in 2024. The compound annual growth rate (CAGR) from 2020 to 2024 stood at a healthy 6.76%, with a notable growth rate of 30.27% from 2023 to 2024, indicating a promising trend in the import of methyl isobutyl ketone into Latvia.

By 2027, Latvia's Methyl isobutyl ketone market is forecasted to achieve a high growth rate of 12.15%, with Germany leading the Europe region, followed by United Kingdom, France, Italy and Russia.

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 Methyl isobutyl ketone Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Methyl isobutyl ketone Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Methyl isobutyl ketone Market - Industry Life Cycle |
3.4 Latvia Methyl isobutyl ketone Market - Porter's Five Forces |
3.5 Latvia Methyl isobutyl ketone Market Revenues & Volume Share, By Applications, 2021 & 2031F |
3.6 Latvia Methyl isobutyl ketone Market Revenues & Volume Share, By End-user Industry, 2021 & 2031F |
4 Latvia Methyl isobutyl ketone Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for methyl isobutyl ketone in the manufacturing of paints and coatings |
4.2.2 Growth in the construction industry leading to higher consumption of methyl isobutyl ketone for solvent applications |
4.2.3 Rising adoption of methyl isobutyl ketone as a solvent in various industries due to its low toxicity and high solvency power |
4.3 Market Restraints |
4.3.1 Fluctuating prices of raw materials used in the production of methyl isobutyl ketone |
4.3.2 Stringent regulations regarding the use of volatile organic compounds (VOCs) impacting the consumption of methyl isobutyl ketone |
4.3.3 Competition from alternative solvents affecting the market growth of methyl isobutyl ketone |
5 Latvia Methyl isobutyl ketone Market Trends |
6 Latvia Methyl isobutyl ketone Market Segmentations |
6.1 Latvia Methyl isobutyl ketone Market, By Applications |
6.1.1 Overview and Analysis |
6.1.2 Latvia Methyl isobutyl ketone Market Revenues & Volume, By Solvents, 2021-2031F |
6.1.3 Latvia Methyl isobutyl ketone Market Revenues & Volume, By Rubber Processing Chemicals, 2021-2031F |
6.1.4 Latvia Methyl isobutyl ketone Market Revenues & Volume, By Surfactants, 2021-2031F |
6.1.5 Latvia Methyl isobutyl ketone Market Revenues & Volume, By Denaturant, 2021-2031F |
6.1.6 Latvia Methyl isobutyl ketone Market Revenues & Volume, By Other Applications, 2021-2031F |
6.2 Latvia Methyl isobutyl ketone Market, By End-user Industry |
6.2.1 Overview and Analysis |
6.2.2 Latvia Methyl isobutyl ketone Market Revenues & Volume, By Paints and Coatings, 2021-2031F |
6.2.3 Latvia Methyl isobutyl ketone Market Revenues & Volume, By Pharmaceuticals, 2021-2031F |
6.2.4 Latvia Methyl isobutyl ketone Market Revenues & Volume, By Rubber, 2021-2031F |
6.2.5 Latvia Methyl isobutyl ketone Market Revenues & Volume, By Other End-user Industries, 2021-2031F |
7 Latvia Methyl isobutyl ketone Market Import-Export Trade Statistics |
7.1 Latvia Methyl isobutyl ketone Market Export to Major Countries |
7.2 Latvia Methyl isobutyl ketone Market Imports from Major Countries |
8 Latvia Methyl isobutyl ketone Market Key Performance Indicators |
8.1 Average selling price of methyl isobutyl ketone in the Latvia market |
8.2 Number of new applications or industries adopting methyl isobutyl ketone as a solvent |
8.3 Investment in research and development for new formulations or uses of methyl isobutyl ketone |
9 Latvia Methyl isobutyl ketone Market - Opportunity Assessment |
9.1 Latvia Methyl isobutyl ketone Market Opportunity Assessment, By Applications, 2021 & 2031F |
9.2 Latvia Methyl isobutyl ketone Market Opportunity Assessment, By End-user Industry, 2021 & 2031F |
10 Latvia Methyl isobutyl ketone Market - Competitive Landscape |
10.1 Latvia Methyl isobutyl ketone Market Revenue Share, By Companies, 2024 |
10.2 Latvia Methyl isobutyl ketone 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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