| Product Code: ETC4728337 | 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 |
Despite a significant decline in growth rate in 2024, Latvia continued to see a high concentration of phosphorescent pigment imports from top exporting countries including China, Italy, Germany, Lithuania, and Poland. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market. With a strong compound annual growth rate (CAGR) of 10.32% from 2020 to 2024, Latvia`s import market for phosphorescent pigments remains dynamic and reliant on key suppliers. The negative growth rate in 2024 may suggest temporary market fluctuations or shifts in demand that importers and suppliers should monitor closely.

The Phosphorescent Pigments market in Latvia is projected to grow at a stable growth rate of 0.53% by 2027, within the Europe region led by Germany, along with other countries like United Kingdom, France, Italy and Russia, collectively shaping a dynamic and evolving market environment driven by innovation and increasing adoption of emerging technologies.

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 Phosphorescent Pigments Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Phosphorescent Pigments Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Phosphorescent Pigments Market - Industry Life Cycle |
3.4 Latvia Phosphorescent Pigments Market - Porter's Five Forces |
3.5 Latvia Phosphorescent Pigments Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Latvia Phosphorescent Pigments Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Latvia Phosphorescent Pigments Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing demand for eco-friendly and sustainable products in various industries |
4.2.2 Increasing use of phosphorescent pigments in safety and security applications |
4.3 Market Restraints |
4.3.1 Volatile raw material prices affecting production costs |
4.3.2 Limited awareness and adoption of phosphorescent pigments in certain industries |
5 Latvia Phosphorescent Pigments Market Trends |
6 Latvia Phosphorescent Pigments Market Segmentations |
6.1 Latvia Phosphorescent Pigments Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Phosphorescent Pigments Market Revenues & Volume, By Organic Phosphorescent Pigment, 2021-2031F |
6.1.3 Latvia Phosphorescent Pigments Market Revenues & Volume, By Inorganic Phosphorescent Pigment, 2021-2031F |
6.2 Latvia Phosphorescent Pigments Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Latvia Phosphorescent Pigments Market Revenues & Volume, By Plastic, 2021-2031F |
6.2.3 Latvia Phosphorescent Pigments Market Revenues & Volume, By Paints and Coatings, 2021-2031F |
6.2.4 Latvia Phosphorescent Pigments Market Revenues & Volume, By Healthcare, 2021-2031F |
6.2.5 Latvia Phosphorescent Pigments Market Revenues & Volume, By Inks, 2021-2031F |
6.2.6 Latvia Phosphorescent Pigments Market Revenues & Volume, By Textile Industry, 2021-2031F |
6.2.7 Latvia Phosphorescent Pigments Market Revenues & Volume, By Others, 2021-2031F |
7 Latvia Phosphorescent Pigments Market Import-Export Trade Statistics |
7.1 Latvia Phosphorescent Pigments Market Export to Major Countries |
7.2 Latvia Phosphorescent Pigments Market Imports from Major Countries |
8 Latvia Phosphorescent Pigments Market Key Performance Indicators |
8.1 Number of new product developments incorporating phosphorescent pigments |
8.2 Percentage increase in RD investment in phosphorescent pigment technology |
8.3 Number of patents filed for phosphorescent pigment innovations |
8.4 Adoption rate of phosphorescent pigments in new industries |
8.5 Percentage increase in government regulations favoring the use of eco-friendly pigments |
9 Latvia Phosphorescent Pigments Market - Opportunity Assessment |
9.1 Latvia Phosphorescent Pigments Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Latvia Phosphorescent Pigments Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Latvia Phosphorescent Pigments Market - Competitive Landscape |
10.1 Latvia Phosphorescent Pigments Market Revenue Share, By Companies, 2024 |
10.2 Latvia Phosphorescent Pigments Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |