| Product Code: ETC7918248 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
Latvia`s pentane import market in 2024 continues to be dominated by Russia, Poland, Belgium, Germany, and Lithuania. With a high Herfindahl-Hirschman Index (HHI) indicating market concentration, the industry is stable. The impressive compound annual growth rate (CAGR) of 25.3% from 2020 to 2024 reflects a robust market. Furthermore, the growth rate of 11.69% from 2023 to 2024 suggests continued expansion and opportunities for importers and stakeholders in the pentane 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 Pentane Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Pentane Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Pentane Market - Industry Life Cycle |
3.4 Latvia Pentane Market - Porter's Five Forces |
3.5 Latvia Pentane Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Latvia Pentane Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Latvia Pentane Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing demand for pentane in the pharmaceutical industry for the production of anesthesia. |
4.2.2 Increasing use of pentane in the manufacturing of expandable polystyrene (EPS) for packaging materials. |
4.2.3 Expansion of the construction industry leading to higher demand for pentane-based insulation materials. |
4.3 Market Restraints |
4.3.1 Fluctuating prices of crude oil impacting the cost of pentane production. |
4.3.2 Stringent regulations regarding the use and disposal of pentane due to environmental concerns. |
4.3.3 Competition from alternative blowing agents and insulation materials affecting the market share of pentane. |
5 Latvia Pentane Market Trends |
6 Latvia Pentane Market, By Types |
6.1 Latvia Pentane Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Pentane Market Revenues & Volume, By Type, 2021- 2031F |
6.1.3 Latvia Pentane Market Revenues & Volume, By N-pentane, 2021- 2031F |
6.1.4 Latvia Pentane Market Revenues & Volume, By Isopentane, 2021- 2031F |
6.1.5 Latvia Pentane Market Revenues & Volume, By Neopentane, 2021- 2031F |
6.2 Latvia Pentane Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Latvia Pentane Market Revenues & Volume, By Blowing Agent, 2021- 2031F |
6.2.3 Latvia Pentane Market Revenues & Volume, By Chemical Solvent, 2021- 2031F |
6.2.4 Latvia Pentane Market Revenues & Volume, By Electronic Cleansing, 2021- 2031F |
6.2.5 Latvia Pentane Market Revenues & Volume, By Others, 2021- 2031F |
7 Latvia Pentane Market Import-Export Trade Statistics |
7.1 Latvia Pentane Market Export to Major Countries |
7.2 Latvia Pentane Market Imports from Major Countries |
8 Latvia Pentane Market Key Performance Indicators |
8.1 Number of new pharmaceutical contracts utilizing pentane for anesthesia production. |
8.2 Growth in the production capacity of EPS manufacturers using pentane. |
8.3 Adoption rate of pentane-based insulation materials in new construction projects. |
9 Latvia Pentane Market - Opportunity Assessment |
9.1 Latvia Pentane Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Latvia Pentane Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Latvia Pentane Market - Competitive Landscape |
10.1 Latvia Pentane Market Revenue Share, By Companies, 2024 |
10.2 Latvia Pentane 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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