| Product Code: ETC7918249 | 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 |
In 2024, Latvia continued to heavily rely on imports of pentane plus, with top exporters being Russia, Poland, Belgium, Germany, and Lithuania. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market landscape. The compound annual growth rate (CAGR) from 2020 to 2024 was strong at 25.3%, with a notable growth rate of 11.69% from 2023 to 2024. This data highlights the significance of these import shipments for Latvia`s pentane plus market and underscores the competitive dynamics among the key exporting countries.

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 Plus Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Pentane Plus Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Pentane Plus Market - Industry Life Cycle |
3.4 Latvia Pentane Plus Market - Porter's Five Forces |
3.5 Latvia Pentane Plus Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Latvia Pentane Plus Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Latvia Pentane Plus Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for pentane plus in various industries such as chemicals, plastics, and paints due to its use as a blowing agent, solvent, and intermediate in manufacturing processes. |
4.2.2 Growth in the construction industry in Latvia leading to higher demand for pentane plus in insulation materials and foams. |
4.2.3 Technological advancements in the production processes of pentane plus leading to cost efficiencies and improved product quality. |
4.3 Market Restraints |
4.3.1 Fluctuating prices of raw materials used in the production of pentane plus affecting the overall production cost and pricing strategy. |
4.3.2 Stringent regulations and environmental concerns regarding the use and disposal of pentane plus, leading to compliance challenges for manufacturers. |
4.3.3 Competition from alternative blowing agents and solvents that offer similar properties but with potentially lower costs or better environmental profiles. |
5 Latvia Pentane Plus Market Trends |
6 Latvia Pentane Plus Market, By Types |
6.1 Latvia Pentane Plus Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Pentane Plus Market Revenues & Volume, By Type, 2021- 2031F |
6.1.3 Latvia Pentane Plus Market Revenues & Volume, By High Octane Number, 2021- 2031F |
6.1.4 Latvia Pentane Plus Market Revenues & Volume, By Low Octane Number, 2021- 2031F |
6.2 Latvia Pentane Plus Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Latvia Pentane Plus Market Revenues & Volume, By Transportation Fuel, 2021- 2031F |
6.2.3 Latvia Pentane Plus Market Revenues & Volume, By Chemical Solvent, 2021- 2031F |
6.2.4 Latvia Pentane Plus Market Revenues & Volume, By Chemical Additives, 2021- 2031F |
6.2.5 Latvia Pentane Plus Market Revenues & Volume, By Others, 2021- 2031F |
7 Latvia Pentane Plus Market Import-Export Trade Statistics |
7.1 Latvia Pentane Plus Market Export to Major Countries |
7.2 Latvia Pentane Plus Market Imports from Major Countries |
8 Latvia Pentane Plus Market Key Performance Indicators |
8.1 Percentage of pentane plus used in innovative applications compared to traditional uses. |
8.2 Research and development expenditure dedicated to enhancing the properties and applications of pentane plus. |
8.3 Number of partnerships or collaborations with key industries or research institutions to explore new applications and markets for pentane plus. |
9 Latvia Pentane Plus Market - Opportunity Assessment |
9.1 Latvia Pentane Plus Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Latvia Pentane Plus Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Latvia Pentane Plus Market - Competitive Landscape |
10.1 Latvia Pentane Plus Market Revenue Share, By Companies, 2024 |
10.2 Latvia Pentane Plus 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.
To discover high-growth global markets and optimize your business strategy:
Click Here